Compare Top 10 Money Transfer Services - UK

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Available on:
1
Transfer Fees: Low
No transfer fees & Same day transfer option
Personal service & custom rate alerts
FX Hedging & Market Orders
2
Transfer Fees: Low
Bank-beating exchange rates
Same-day transfer available
3
Transfer Fees: Low
Good fit for online sellers
Local FX accounts
4
Transfer Fees: Low
5
Transfer Fees: Med
6
Transfer Fees: Med
Service
Features
Charges
Score
Regulation
Transfer Money Now
1
No transfer fees
Conversion to any currency
Personal service & custom rate alerts
Best service for transfers over $/£/€5,000
GBP
-
EUR
Low
GBP
-
AUD
Low
GBP
-
USD
Low
FCA, FinCen, ASIC
Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card
Bank Account
Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Mobile
Transfer
Phone
Support
Advanced
Currency Solutions
33,673 Reviews | Excellent
2
Bank-beating exchange rates
Same-day transfer available
Option to wait & choose your own rate
GBP
-
EUR
Low
GBP
-
AUD
Low
ASIC, CBI
Time to Open Account
A few minutes
Sending Options
Bank transfer
Mobile app
Debit cards
Receiving Options
Bank account only
Required Documents
Passport/ID/Driver’s Licence, Proof of address (eKYC)
Mobile
Transfer
Phone
Support
Payment
Tracking
3
Good fit for online sellers
Local FX accounts
GBP
-
EUR
Low
GBP
-
AUD
Low
FCA, ASIC
Time to Open Account
A few minutes
Sending Options
Wire transfer
Debit/credit card
Receiving Options
Bank Account
Required Documents
ID, Proof of address (eKYC)
Business
Expertise
Phone
Support
Local Account
Solutions
4
Personal currency expert
Excellent rates, fast transfers
GBP
-
EUR
Med
FCA
Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card
Bank Account
Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Rate
Alerts
Mobile
Transfer
Phone
Support
5
Dedicated personal account manager
Great exchange rates, no transfer fees
GBP
-
AUD
Med
ASIC
6
Personal customer service
Good for SMBs / Mass payment solutions
GBP
-
EUR
High
FCA, ASIC

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Top10moneytransfer.com is an independent professional comparison site that provides users with free and valuable information on leading money transfer services. Top10moneytransfer.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Latest Reviews

"After many hours of researching my best options for funding my daughter's overseas tuition, I went with XE.com and I am very satisfied with the cost being minimal and the process expedient."

Brenda - July 24, 2019

Pros

  • Fully regulated by the FCA, FinCen, ASIC, and FMA.
  • $0 fees per transaction with highly competitive “mid-market” exchange rates
  • Free accounts (personal & business)
  • 170+ countries and 60+ currencies available
  • Instant and professional customer support 24/7

Cons

  • Cheques and cash payments are not accepted
  • Maximum transfer amount of $500,000

"I've used it for a few years and it's always been very easy, quick and reliable. Rates are very competitive. Definitely recommend."

Greg Anguise - June 8, 2019

Pros

  • CBI, ASIC, AFS MAS and C&E HK regulated
  • Free to register
  • Reliable customer service
  • Average commission of just 0.35%

Cons

  • Certain countries are excluded from using the service

"WorldRemit is fast, convenient and offers better transfer rates than my bank. Have used them several times and would definitely recommend them!"

Jenny Foster - September 15, 2019

Pros

  • Low costs incurred in transferring funds
  • Friend referral bonuses available to clients
  • Fully licensed and regulated by the FCA of the UK
  • Multiple options are available to pay for transfers including credit cards, debit cards, prepaid cards, e-wallets and others

Cons

  • A little difficult to find information on exchange rates before you transfer funds
  • Transfer amounts are limited
  • Not all countries are covered by WorldRemit services
  • Customer service options are limited

How to Compare Money Transfer Services

Top10MoneyTransfer recommends checking the following features when comparing online money transfer companies so you can find the best provider for your international transfer.

Safety

Check your chosen money transfer provider is regulated by a government authority, to ensure your money is safe & protected when transferred. The main regulators include:

– FCA (Financial Conduct Authority), UK

– ASIC (Australian Securities and Investments Commission)

– FinCEN (Financial Crimes Enforcement Network), USA

Fees & Rates

Some money transfer services charge a fixed transaction fee, others take a percentage of the transfer sum, while some services waive the transfer fee completely. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully. Consider the above to find the most cost-effective solution for your transfer.

Customer Support

Check the customer support channels available are convenient for you. These generally include email, online chat, phone or online ticketing system. In addition, some money transfer services provide a personal account manager to assist with special transactions and important tasks. Try checking this beforehand, to avoid stress when you need help.

Sending & Receiving Options

It’s important to confirm the sending options offered by your preferred money transfer provider are convenient for you. You should also ensure that your recipient is able to easily collect the money sent. Common sending options include bank transfer or credit card. Common receiving options include bank transfer and cash pickup.

Transfer Amounts

Another important element to consider is the amount of money you wish to transfer. Some services offer better features and benefits for large transfer amounts or business transfers, while others better handle small transfer amounts or cash transfers. Use our comparison table to determine which provider best suits your money transfer needs.

Transfers from the UK

Safety

The FCA, the main regulatory financial authority in the UK, is responsible for monitoring activities of UK based financial services. It is highly recommended to use the services of a company registered and licensed by the FCA when making a money transfer from the UK.

Ease of Onboarding

Most top-rated UK based money transfer services offer a completely digital account opening and user-authorization process. Any required proof of ID documents can be supplied digitally, eliminating waiting times. With this option, new customers are able to complete the onboarding process online, in just a few minutes.

Fees and Rates

Most top-rated UK based money transfer services offer a completely digital account opening and user-authorization process. Any required proof of ID documents can be supplied digitally, eliminating waiting times. With this option, new customers are able to complete the onboarding process online, in just a few minutes.

Top 3 Currency Corridors (UK)

The providers listed in our comparison offer transfers to a wide range of corridors, allowing you to send money to a large list of countries around the world. The most popular corridors from the UK are:

-GBP/EUR

-GBP/USD

-GBP/AUD