- Trusted international transfer providers
- Multi-currency and global payment support
- Solutions for expats, professionals and families
Why Expats Often Need International Transfers
Moving to the UK often means managing finances across multiple countries.
Many expats need to:
- Transfer savings to the UK
- Receive salary payments internationally
- Support family overseas
- Pay mortgages or bills abroad
- Exchange currencies regularly
Choosing the right transfer method can significantly affect:
- Exchange rates
- Fees and charges
- Transfer speed
- Overall costs
Exchange Rates & Transfer Fees Explained
International transfers are affected by:
- Currency exchange rates
- Transfer fees
- Bank charges
- Payment processing costs
Important
Some providers advertise “fee-free” transfers but include costs within the exchange rate itself.
Comparing both exchange rates and fees is important when evaluating transfer services.
Popular Digital Transfer Services for Expats
Fintech and app-based providers have become increasingly popular with expats because they often offer:
- Faster transfers
- Lower fees
- Better exchange rates
- App-based management
Wise Multicurrency Account
Wise is one of the most widely used international money transfer platforms for expats, freelancers and international professionals.
Best For:
- Multi-currency banking
- International transfers
- Transparent exchange rates
Key Facts:
Additional Information
Minimum Transfer
Varies
Country Supported
Extensive Global Coverage
Fees
Transaction Based
Application
Online and App Based
Revolut
Revolut combines digital banking with international spending and transfer functionality, making it popular for globally mobile users.
Best For:
- Travel spending
- Multi-currency support
- Everyday international banking
Key Facts:
Additional Information
Minimum Transfer
Varies depending on currency
International Support
Broad Global Access
Fees
Vary by plan and usage
Application
Mobile App
Foreign Exchange & Specialist Transfer Providers
Foreign Exchange & Specialist Transfer Providers
- More competitive exchange rates
- Dedicated account management
- Support for larger transfers
- Currency planning tools
Western Union
Western Union is one of the world’s most recognised international money transfer providers, offering both digital transfers and physical cash collection services globally.
Best For:
- Global reach
- Fast transfers
- Cash collection services
Key Facts:
Additional Information
Minimum Transfer
Low Amounts Accepted
Transfer Speed
Minutes to several days
Fees & Charges
Vary by destination and speed
Application
Online, app and branch network
TorFX
TorFX specialises in international currency exchange and larger overseas money transfers, particularly for expats relocating internationally or purchasing property abroad.
Best For:
- Large international transfers
- Property purchases abroad
- Dedicated account management
Key Facts:
Additional Information
Minimum Transfer
Usually higher-value focused
Countries Supported
Extensive international coverage
Fees & Charges
Exchange-rate based
Application
Online and telephone support
XE
XE is widely known for currency exchange tracking and international money transfer services, offering online currency management tools and global transfer capabilities.
Best For:
- Exchange rate tracking
- Online international transfers
- Multi-currency users
Key Facts:
Additional Information
Minimum Transfer
Small to Large Transfers
Countries Supported
International Coverage
Fees & Charges
Vary by transfer type
Application
Online and Mobile App
International Transfers Through Your Bank
Many traditional banks also offer international payment and currency transfer services.
Benefits May Include:
- Existing banking relationship
- Security and familiarity
- Large transfer support
- Integrated banking services
Potential downsides:
- Higher fees
- Less competitive exchange rates
- Slower transfer speeds
Examples Include:
- HSBC
- Barclays
- Lloyds Bank
- Santander
Which Transfer Service May Suit You?
Requirement | Commonly Used Provider Types |
|---|---|
Everyday transfers | Wise |
Travel spending | Revolut |
Large property transfers | TorFX |
Cash collection | Western Union |
Exchange rate tracking | XE |
Existing bank relationships | Traditional Banks |
Choosing the Best Transfer Method
Consider:
- Exchange rates
- Transfer fees
- Transfer speed
- Currency availability
- Security and regulation
- Ease of use
The cheapest provider is not always the best option, particularly for large or urgent transfers.
Common International Transfer Mistakes
- Ignoring exchange rate differences
- Only comparing fees
- Sending money without checking regulations
- Using unregulated providers
- Not checking transfer times
Always use trusted and regulated financial providers when moving money internationally.
Common Reasons for International Transfers
- Moving to the UK
- Paying overseas mortgages
- Buying UK property
- Supporting family abroad
- International business transactions
- Education and tuition fees
Keeping Your Money Safe
When choosing an international transfer provider, it’s important to ensure they are properly regulated and authorised.
Established providers such as banks and regulated fintech companies often provide stronger consumer protections and security measures.
Helpful Banking & Financial Guides
- Bank Accounts for Expats
- Mortgages for Expats
- Credit Building in the UK
- Investing & Stocks and Shares
Move Money Internationally With Confidence
Frequently Asked Questions
What is the cheapest way to transfer money internationally?
This depends on the transfer size, currencies involved and provider fees.
Are fintech services safe for international transfers?
Many major fintech providers are regulated financial institutions, but always verify regulation and security.
Can banks handle international transfers?
Yes, although fees and exchange rates may differ from specialist providers.
How long do international transfers take?
This varies from minutes to several business days depending on the provider and destination.
What affects exchange rates?
Market currency fluctuations, provider margins and global economic conditions.