Top 10 Money Transfer Services - UK - Sept. 2023
Dedicated team for sending over £40K a year
Dedicated account manager for each transfer 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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Excellent for large transfers
1
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Special rates for sending large transfers
Dedicated team for sending over £40K a year
Over 50K 'Excellent' 5-star TrustPilot ratings
Strong, enterprise-grade security measures |
GBP
EUR
Low
GBP
USD
Low
GBP
AUD
Low
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FCA, FinCEN, ASIC
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Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card ACH Direct Debit (US Only) Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Live
Rates
24/7 Expert
Support
Forward Orders &
Regular Payments
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2
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Batch Payments in Multiple Currencies
Dedicated account manager for each £2K+ transfer
High credit rating (Dun & Bradstreet) |
EUR
GBP
Low
GBP
USD
Low
GBP
CAD
Low
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FCA, FinCen, FSCA
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Time to Open Account
A few minutes
Sending Options
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
ZWD
Low
GBP
NPR
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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Personal currency expert at every step
Forward contracts for up to 24 months |
GBP
EUR
Med
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FCA, ASIC, MAS
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Time to Open Account
A few minutes
Sending Options
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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5
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Great GBP exchange rates
Quick and easy ‘on the spot’ transfers |
GBP
USD
Med
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8.4
Review
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FCA
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Time to Open Account
2 min
Sending Options
Bank transfer
Receiving Options
Bank transfer
Required Documents
ID, Proof of Address
Rate
Alerts
Spot & Forward
Contracts
Phone
Support
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6
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No minimum transfer amount
Door to door cash delivery option |
GBP
INR
Low
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FCA
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Time to Open Account
A few minutes
Sending Options
Credit/Debit Card
Bank Account Receiving Options
Bank Deposit
Cash Pickup Mobile Money Home Delivery Required Documents
Bank statements, ID Documentation
Mobile
Transfer
Phone
Support
Two-Factor
Authentication
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7
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Offers travel card on Google wallet
Holds more than 50 currencies |
GBP
EUR
Med
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FCA
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Time to Open Account
A few minutes
Sending Options
Bank account
Credit/Debit Card PISP Swift Google/Apple Pay Receiving Options
Bank account
Required Documents
ID Documentation, Proof of Address
Travel Money
Mobile/App
Transfers
Multi-Currency
Card
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8
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Pay & get paid with a global account
Transfer Money in 55+ Currencies |
GBP
AUD
High
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FCA, ASIC
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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
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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
- UK-based customer support team of currency experts, available 24/7
- No maximum transfer limit when paying via phone
- More than 50,000 5-star ‘Excellent’ Ratings on Trustpilot
- FX risk management across 139 currencies and over 200 countries
- Custom rate alerts & market orders (when the send rate reaches your selected mid-market rate)
Cons
- Maximum online transfer amount of GBP 350,000 (or currency equivalent)
- Cheques and cash payments are not accepted
"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.
