Top 10 Money Transfer Services - UK - Mar. 2023
Forward contracts for up to 24 months
Dedicated account manager for transfers above £2K
Instant cash pickup & airtime top-ups
Advertiser Disclosure
Advertiser Disclosure
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Service
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Features
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Score
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Transfer Money Now
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Specialises in large transfers
1
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Personal currency expert
Forward contracts for up to 24 months
Limit orders, transfer when your rate is met
Multiple award winning service (2016-2022) |
GBP
EUR
Low
GBP
AUD
Low
USD
GBP
Low
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FCA, ASIC, MAS
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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
Spot Contracts
& Forward Contracts
Phone
Support
Limit
Orders
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2
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Batch Payments in Multiple Currencies
Dedicated account manager for transfers above £2K
Highest credit rating (Dun & Bradstreet) |
GBP
EUR
Low
GBP
USD
Low
EUR
GBP
Low
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FCA, FinCen, FSCA
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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
Spot Contracts
& Forward Contracts
Rate
Alerts
5 Star
Trustpilot
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Great for transfers up to £3K
3
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Low fees: 0-$1, no minimum transfer
Instant cash pickup & airtime top-ups |
GBP
INR
Low
GBP
PHP
Low
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FCA
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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
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4
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Contactable account manager at any time
No transfer fees or commission |
GBP
USD
Low
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8.8
Review
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FCA
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Time to Open Account
1 minute
Sending Options
Swift
Sepa Wire Receiving Options
Swift
Sepa Wire Required Documents
ID Documentation
Money Transfer
Tracking
35+
Currencies
5 Star Rating
on Trustpilot
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5
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Pay & get paid with a global account
Transfer Money in 55+ Currencies |
GBP
AUD
Med
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FCA, ASIC
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6
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Specializes in GBP-AUD transfers
Dedicated account manager |
GBP
AUD
Low
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ASIC, AUSTRAC
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7
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Offers travel card on Google wallet
Holds more than 50 currencies |
GBP
EUR
High
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FCA
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8
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Fast & easy service
Charges £10 for all transfers under £3k |
GBP
EUR
High
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FCA
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Latest Reviews
"Excellent professional and speedy service. I recommend it highly and would use again."
Pros
- Excellent exchange rates with no transfer fees
- Transfer 24/7 online, by phone or through the app
- No transfer limit over the phone
- Multiple award-winning money transfer services (2016-2022)
- Specializes in larger trades (£2000+)
Cons
- Transfer limit of £25,000 online or on the app
- Less competitive on lower value trades (below £2000)
"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 & 20+ offices worldwide
- £7.5bn transferred annually
- Award-winning money transfer services
- Transfer over the phone, online or via their app
Cons
- Online transfer limit of £25,000 (or currency equivalent)
- Works best for large transfers (£2000+)
"Fast and efficient service, I have full confidence in WorldRemit and make the transfer of funds so easy."
Pros
- Low costs incurred in transferring funds
- Friend referral bonuses available to clients
- Fully licensed and regulated by the FCA of the UK
- Flexible Payment Options: credit/debit cards, bank transfer and others
- Customer service available 24/7 in 6 different languages
Cons
- Not all countries are covered by WorldRemit services
- Transfer limit: max of $9k in 24 hours and $5k per transaction
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
The UK 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 Lloyds.
