Top 10 Money Transfer Services - UK

Compare Top Money Transfer Services & Send Money at Best Rates!

All listed services are safe & regulated
Get bank beating rates on your transfer
Available on:
1
Transfer Fees: Low
2
Transfer Fees: Low
3
Transfer Fees: Low
4
Transfer Fees: Low
5
Transfer Fees: Med
6
Transfer Fees: Med
7
Transfer Fees: Med
8
Transfer Fees: Med
9
Transfer Fees: High
Service
Features
Charges
Score
Regulation
Transfer Money Now
1
Bank-beating exchange rates
Same-day transfer available
Option to wait & choose your own rate
World-class 24/7 customer support
GBP
-
EUR
Low
GBP
-
AUD
Low
GBP
-
USD
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
2
No transfer fees
Conversion to any currency
Recognised global brand
GBP
-
EUR
Low
GBP
-
AUD
Med
FCA, FinCen
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
30,920 Reviews | Excellent
3
Low fees and exchange rates
Door to door cash delivery option
GBP
-
PHP
Low
GBP
-
NGN
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
Good fit for SMBs
Zero transfer fees
GBP
-
EUR
Med
FCA, ASIC
5
300,000 cash pick-up locations
Good for sending money home
GBP
-
PLN
Med
FCA
6
Good fit for online sellers
7 local currency accounts
GBP
-
EUR
Low
FCA, ASIC
7
Transfer money via app, online or phone
Segregated accounts for customers
GBP
-
EUR
Med
FCA
8
The app is very useful
Good customer service
GBP
-
EUR
Med
FCA
9
Good fit for medium-large transfers
TrustPilot Best in “Money” category 2016
GBP
-
EUR
Med
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."

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

  • ASIC and AFS regulated
  • Free to register
  • Reliable customer service
  • Average commission of just 0.35%

Cons

  • Certain countries are excluded from using the service

"Fast and efficient service, I have full confidence in WorldFirst and make the transfer of funds so easy."

Vanja J Ingold - July 15, 2019

Pros

  • Free account
  • No transfer fees for personal and online seller accounts
  • Bank-beating exchange rates
  • Local receiving accounts
  • Excellent support
  • Fully regulated & licensed
  • Safe and secure money transfers

Cons

  • Slower transfers for specific locations (mostly South America)
  • Additional inquiry necessary for info on destination countries and supported currencies

How to compare money transfer services

Top10moneytransfer uses the following checklist of important things to take into consideration when comparing the different services before making an international money transfer.

  • Safety. The money transfer industry is a highly regulated field, with multiple regulatory agencies and authorities issuing licenses to money transfer companies, including:

– FCA (Financial Conduct Authority), UK

– ASIC (Australian Securities and Investments Commission)

– FinCEN (Financial Crimes Enforcement Network), USA

There are many more regulatory agencies besides these three examples, and all of them serve the same purpose: to prevent companies from taking advantage of trusting consumers. Make sure to examine the regulation of the chosen service.

  • Fees & rates. Some services charge customers a fixed transaction fee, others take a percentage of the transfer sum, and there are also services that waive the transaction fee completely. Explore the breakdown of fees thoroughly to choose the most cost-effective solution. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully.
  • Customer support. Before clicking on “Send Money”, ask yourself if the customer support is available by phone 24/7 in the event you’re in need of urgent assistance. In addition, some 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. Your goal is to ensure that your recipient is able to easily collect the money sent. Depending on the available sending and receiving locations and the provided services, options will vary. Sometimes a cash pickup is available, sometimes you need to transfer the funds to the recipient’s bank account. Other money transfer services use their own virtual accounts for money transfers. Check the options before sending your money.
  • Transfer amounts. Some services are specifically designed and offer serious benefits for large transfer amounts or business transactions, while others better handle small cash transfers.  In this case, use our comparison table to determine what suits you best.

Transfers from the UK 

  • Safety. The FCA (Financial Conduct Authority), 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 user-authorization process, excluding the need for any paper document turnover. 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 nominal or no transaction fees combined with fair mid-market exchange rates. On a transfer sum of £10,000 (to EUR), it is possible to save more than €500 by using top services like XE instead of one of the local high-street banks like Lloyds.
  • Top 3 currency corridors (UK). GBP/EUR; GBP/USD; GBP/AUD