Top 10 Money Transfer Services - UK - Dec. 2022

All listed services are safe & regulated
Get bank beating rates on your transfer
Fast mobile transfers
Available on:
Experts in high vol. transfers
1
Transfer Fees: Low
Score
9.8
Best EUR-GBP exchange rates
Quick and easy on-boarding process
2
Transfer Fees: Low
Score
9.5
5 star award winning service
Dedicated account manager for transfers above £2K
Ideal for transferring home
3
Transfer Fees: Low
Score
9.2
Minimum transfer: none
Instant cash pickup & airtime top-ups
4
Transfer Fees: Low
Score
8.8
5
Transfer Fees: Med
Score
8.4
6
Transfer Fees: Med
Score
8.2
7
Transfer Fees: Med
Score
8

Advertiser Disclosure

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.

Advertiser Disclosure

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.
Service
Features
Charges
Score
Regulation
Transfer Money Now
Experts in high vol. transfers
1
Best EUR-GBP exchange rates
Quick and easy on-boarding process
Flexible transfer options for business
Transfer speed: Same day
GBP
-
EUR
Low
GBP
-
USD
Low
EUR
-
GBP
Low
FCA, FinCen, FSCA
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
24/7
Transfers
Personal
Currency Expert
2
5 star award winning service
Dedicated account manager for transfers above £2K
Transfer online 24/7, by phone or app
GBP
-
EUR
Low
GBP
-
AUD
Low
USD
-
GBP
Low
FCA, ASIC, MAS
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
24/7 Online
transfers
3,306 Reviews | Excellent
Ideal for transferring home
3
Low fees: 0-$1, no minimum transfer
Instant cash pickup & airtime top-ups
GBP
-
NPR
Low
GBP
-
PKR
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
4
Pay & get paid with a global account
Transfer Money in 55+ Currencies
GBP
-
AUD
Med
FCA, ASIC
Time to Open Account
A few minutes
Sending options
Wire Transfer
Debit Card
Receiving Options
Bank Account
Required Documents
ID Card, Proof of Address
Local Account
Solutions
Mobile
Transfers
Locked-in
Exchange Rates
4,801 Reviews | Excellent
5
Specializes in GBP-AUD transfers
Dedicated account manager
GBP
-
AUD
Med
ASIC, AUSTRAC
6
The app is very useful
Good customer service
GBP
-
EUR
High
FCA
7
Fast & easy service
Charges £10 for all transfers under £3k
GBP
-
EUR
High
FCA

Latest Reviews

"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+) 

"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)

"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.

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