Foreign Currency Zone

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Transferring money to foreign bank account

There are three main options for sending money:

  • Bank or building society.
  • Foreign exchange (FX) brokers.
  • High street transfer firms (such as Western Union).

As a rule – banks are safe and convenient for regular payments.

Foreign Currency Money Transfer firms are very fast, but can be more expensive if you’re sending smaller amounts.

FX brokers are normally the best option if you’re sending larger amounts, usually over £3,000.

Send money abroad post office

Post Office Money® International Payments is the easy and secure way to send money abroad. Whether you’re sending money to family, have a home overseas that you need to pay for or paying an overseas supplier, you can transfer money to almost anywhere in the world.

A variety of payment options

Arrange an international transfer via your online account using your desktop, mobile or tablet. For transfers over £20,000 you can also speak to our dedicated customer service team. Payments can be made using a UK registered credit or debit card or via bank transfer.

You can set regular payments so that they take place weekly, monthly or any period that suits you. Call 0800 180 4809 and our specialist team will set this up for you.

Send money abroad MoneyGram

With, it’s easy to send money to your loved ones around the world.

How to send money online

1. Select a receiver

Tell us who you are sending to, how they want to receive the money, and how much.

2 Choose how to pay

You can either pay with your credit1 or debit card, or directly from your bank account.

3 Send reliably

Enter a little information about yourself so that we can verify your identity, then review and send!

Never send money to someone you don’t know.

The cheapest way to send money abroad

It is a way to send money to another country and is sometimes called a wire transfer.

Using a money transfer company is often the cheapest way to send money overseas, and can sometimes be free, because you save on the transfer fees charged by banks.

The best money transfer will offer you the highest exchange rate for the money you want to send abroad.

What is the fastest way to make a transfer?

You can use an online money transfer to move money on the:

Same day: Have your money delivered to another country within one day

Next day: Have your money delivered to another country by the next working day

You also get the choice of sending a:

  • Single payment: Send your money to get delivered abroad once
  • Regular payment: Send your money abroad on a regular basis, such as monthly or yearly

Best way to transfer money from UK to the USA

Never fall victim to the hidden fees and charges of high street banks or opaque currency brokers again. Banks can charge you up to 5% of the value of your transfer, with hefty profit margins built into the rate of exchange. Opaque currency brokers (aka good salesmen) may give you a great rate on day one, only to widen and widen into fat profit margins. FX specialist can slash costs by up to 85% with zero transfer fees.  They are the savvy way to send money to the USA.

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