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