The Best Money Transfer Services inthe UK

Service
Features
Charges
Score
Regulation
Transfer Money Now
1
No fees on transfers over €250
Transfer speed: 1-2 hours
Bank beating exchange rates
Transfer 139 currencies to 220 countries
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
Excellent rates for large transfers
Quick and easy on-boarding process
Flexible transfer options for business
GBP
-
EUR
Low
GBP
-
USD
Low
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
3
Bank-beating exchange rates
Same-day transfer available
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
4
Low fees: 0-1$
No minimum transfer amount
GBP
-
EUR
Low
FCA
Time to Open Account
A few minutes
Sending Options
Bank Account
Mobile App
Receiving Options
Cash pickup
Bank transfer
Mobile money
Airtime top up
Door-to-door
Required Documents
ID Documentation, Proof of Address
Mobile/App
Transfers
Social Media
Support
SMS/email
Notification
32,930 Reviews | Excellent
5
Pay & get paid with a global account
Transfer Money in 55+ Currencies
GBP
-
AUD
Med
FCA, ASIC
6
Transfer speed: Up to 2 business days
Minimum transfer: £100
GBP
-
EUR
Med
ASIC
7
Instant card-to-card transfers
Send money to 100+ countries
GBP
-
EUR
Med
FCA
8
Good fit for online sellers
Pay suppliers in local currencies
GBP
-
EUR
Med
FCA, ASIC
9
No minimum transfer amount
Good customer service
GBP
-
EUR
High
FCA
10
2 free transfers for new users
€0.99 flat fee for future transfers
GBP
-
NGN
High
FCA

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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."

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

"Great service from Jeanette, she was really helpful in guiding me through the process and allaying any concerns and queries I had. So simple and easy, will definitely use the service again."

Pros

  • No transfer fees or hidden charges
  • Over 325,000 active clients
  • £7.5bn transferred annually
  • Award-winning service
  • Transfer over the phone, online or via their app
  • 20+ offices worldwide
  • 40+ currencies to choose from

Cons

  • Online transfer limit of £25,000 (or currency equivalent)
  • Works best for large transfers (£2000+) 

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

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

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 Australia

Safety

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

Ease of Onboarding

Most top-rated Australia 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

Australia is at the center of the modern FinTech industry, hence you can find a lot of different money transfer services to choose from. This gives users the option to use a service that charges minimal or no transaction fees combined with fair mid-market exchange rates. You can save on average up to 8 times on rates & fees by using top services like XE instead of a high-street bank such as Commonwealth Bank.

Top 3 Currency Corridors (Australia)

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 Australia are:

-AUD/EUR

-AUD/USD

-AUD/GBP