How to send money to Algeria from the UK with the best GBP-DZD rate

We’ve compared 4 companies, and found Regency FX to be the cheapest, while Regency FX is the fastest.

Sending £6,000 gets you DA1,094,854.10 with Regency FX at 182.4757 DZD per GBP, about 3.24% more than the next best option.

Best companies for GBP/DZD transfers

4 of 4 providers

Last updated on 10 November 2026

Based on 6,000 GBP transfer

Best companies for GBP/DZD transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee £252.99 1 GBP = 182.9480 DZD +0.01% vs mid-market Recipient gets DZD 1,051,403.99 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Algeria with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£252.991 GBP = 182.9480 DZD
DZD 1,051,403.99You pay£6,000.00
Promoted

Xe

Pay via Debit card
Fee £0.00 1 GBP = 175.9390 DZD +3.92% vs mid-market Recipient gets DZD 1,055,634.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Algeria with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 175.9390 DZD
DZD 1,055,634.00You pay£6,000.00

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Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 182.4757 DZD +0.27% vs mid-market Recipient gets DZD 1,094,854.10 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Algeria with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 182.4757 DZD
DZD 1,094,854.10You pay£6,000.00

Nationwide Bank

Pay via Bank transfer
Fee £15.00 1 GBP = 177.0005 DZD +3.32% vs mid-market Recipient gets DZD 1,059,348.07
0 reviews

Ways to receive money in Algeria with Nationwide Bank when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit
£15.001 GBP = 177.0005 DZD
DZD 1,059,348.07You pay£6,000.00

Xe

Pay via Debit card
Fee £0.00 1 GBP = 175.9390 DZD +3.92% vs mid-market Recipient gets DZD 1,055,634.00 Minutes - 24 hours
Fastest
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Algeria with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 175.9390 DZD
DZD 1,055,634.00You pay£6,000.00

Xe

Pay via Bank transfer
Fee £0.00 1 GBP = 175.9390 DZD +3.92% vs mid-market Recipient gets DZD 1,055,634.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Algeria with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 175.9390 DZD
DZD 1,055,634.00You pay£6,000.00

Xe

Pay via Credit card
Fee £0.00 1 GBP = 175.9390 DZD +3.92% vs mid-market Recipient gets DZD 1,055,634.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Algeria with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 175.9390 DZD
DZD 1,055,634.00You pay£6,000.00

Wise

Pay via Bank transfer
Fee £252.99 1 GBP = 182.9480 DZD +0.01% vs mid-market Recipient gets DZD 1,051,403.99 Within a week
Our top pick
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Algeria with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£252.991 GBP = 182.9480 DZD
DZD 1,051,403.99You pay£6,000.00

Wise

Pay via Debit card
Fee £270.55 1 GBP = 182.9480 DZD +0.01% vs mid-market Recipient gets DZD 1,048,191.42 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Algeria with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£270.551 GBP = 182.9480 DZD
DZD 1,048,191.42You pay£6,000.00

Wise

Pay via Credit card
Fee £375.92 1 GBP = 182.9480 DZD +0.01% vs mid-market Recipient gets DZD 1,028,914.19 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Algeria with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£375.921 GBP = 182.9480 DZD
DZD 1,028,914.19You pay£6,000.00
How Our Results Work
Mid-market rate: 1 GBP = 182.9697 DZD Updates every 60 minutes.

How to send money from UK to Algeria

Pick a company

For a one-off GBP transfer to Algeria, I suggest picking the cheapest option which is Regency FX.

Regency FX was the cheapest on 18 of the 18 days it quoted £6,000 transfers to Algeria.

On a 6,000 GBP transfer, Regency FX delivers the most DZD.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/DZD rate.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and credit card.

Paying from your bank is usually the fastest, since most companies connect to your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer the verification is normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Algeria?

How much GBP you send to Algeria heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from £6,000 it quoted, and in 100% of all the transfers it quoted.

Cheapest service
£5000.92%£0.00DZD 90,649.67with debit card to bank deposit+DZD 2,651.21
£1,0001.05%£0.00DZD 180,950.00with debit card to bank deposit+DZD 5,368.64
£2,0001.07%£0.00DZD 361,900.00with debit card to bank deposit+DZD 10,271.71
£6,000This page0.27%£0.00DZD 1,094,854.10with bank transfer to bank deposit+DZD 38,652.38
£10,0000.27%£0.00DZD 1,825,167.09with bank transfer to bank deposit+DZD 61,971.35
£50,0000.25%£0.00DZD 9,123,028.82with bank transfer to bank deposit+DZD 263,573.76
£250,0000.20%£0.00DZD 45,659,919.41with bank transfer to bank deposit+DZD 1,402,658.27

Mid-market rate: 1 GBP = 182.9697 DZD

GBP/DZD Exchange Rate History

Is today a good time to send money from UK to Algeria?

The cheapest way to send GBP to DZD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 6,000 GBP transfers to Algeria.

DZD received for £6,000, after fees

Tue, 10 Nov 2026Mid-market rateDZD 1,097,818.21 Regency FX DZD 1,094,854.10 Nationwide Bank DZD 1,059,348.07Regency FXDZD 1,094,854.10XeDZD 1,055,634.00WiseDZD 1,051,403.99Extra cost of a bankDZD 35,506.03

1.00m
1.02m
1.04m
1.06m
1.08m
1.10m
1.12m
At the mid-market rateWith the cheapest optionWith a bankRegency FXXeWise
Exchange rateFeeRecipient getsDifference
Mid-market rate 178.2863 – DZD 1,069,717.75
Paysend Cheapest 177.1980 £0.00 DZD 1,063,188.28 −DZD 6,529.47
Nationwide Bank 173.5218 £15.00 DZD 1,038,528.12 −DZD 31,189.63
Wise 178.0190 £237.61 DZD 1,025,814.91 −DZD 43,902.84
Regency FX No quote collected this day – – – –
Xe No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 178.2650 – DZD 1,069,589.90
Regency FX Cheapest 177.7837 £0.00 DZD 1,066,702.01 −DZD 2,887.89
Nationwide Bank 173.6083 £15.00 DZD 1,039,045.44 −DZD 30,544.46
Wise 178.1480 £216.47 DZD 1,030,324.30 −DZD 39,265.60
Xe 170.7688 £0.00 DZD 1,024,612.80 −DZD 44,977.10
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 177.4060 £254.22 DZD 1,019,335.85 –
Regency FX No quote collected this day – – – –
Xe No quote collected this day – – – –
Bank No quote collected this day – – – –

No data was collected on Thu, 15 Oct 2026.

Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Nationwide Bank Cheapest 173.8693 £15.00 DZD 1,040,607.82 –
Xe 171.7962 £0.00 DZD 1,030,777.20 –
Wise 179.1880 £253.60 DZD 1,029,685.92 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Nationwide Bank Cheapest 175.0613 £15.00 DZD 1,047,741.96 –
Xe 173.7934 £0.00 DZD 1,042,760.40 –
Wise 179.1760 £245.31 DZD 1,031,102.34 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 177.9400 – DZD 1,067,639.80
Regency FX Cheapest 177.4595 £0.00 DZD 1,064,757.17 −DZD 2,882.63
Nationwide Bank 175.0613 £15.00 DZD 1,047,741.96 −DZD 19,897.84
Xe 173.8152 £0.00 DZD 1,042,891.20 −DZD 24,748.60
Wise 179.1760 £245.31 DZD 1,031,102.34 −DZD 36,537.46
Exchange rateFeeRecipient getsDifference
Mid-market rate 179.1244 – DZD 1,074,746.67
Regency FX Cheapest 178.6408 £0.00 DZD 1,071,844.85 −DZD 2,901.82
Nationwide Bank 173.8675 £15.00 DZD 1,040,596.89 −DZD 34,149.78
Wise 179.2630 £229.81 DZD 1,034,381.57 −DZD 40,365.10
Xe 172.2922 £0.00 DZD 1,033,753.20 −DZD 40,993.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 179.6926 – DZD 1,078,155.77
Regency FX Cheapest 179.2075 £0.00 DZD 1,075,244.75 −DZD 2,911.02
Nationwide Bank 173.8675 £15.00 DZD 1,040,596.89 −DZD 37,558.88
Xe 172.5198 £0.00 DZD 1,035,118.80 −DZD 43,036.97
Wise 179.4790 £249.17 DZD 1,032,153.22 −DZD 46,002.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 180.3825 – DZD 1,082,294.96
Regency FX Cheapest 179.8955 £0.00 DZD 1,079,372.76 −DZD 2,922.20
Nationwide Bank 174.8540 £15.00 DZD 1,046,500.90 −DZD 35,794.06
Wise 179.9480 £227.00 DZD 1,038,839.80 −DZD 43,455.16
Xe 172.8483 £0.00 DZD 1,037,089.80 −DZD 45,205.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 180.5805 – DZD 1,083,482.72
Regency FX Cheapest 180.0929 £0.00 DZD 1,080,557.32 −DZD 2,925.40
Nationwide Bank 174.8540 £15.00 DZD 1,046,500.90 −DZD 36,981.82
Xe No quote collected this day – – – –
Wise No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 180.4278 – DZD 1,082,566.72
Paysend Cheapest 179.4036 £0.00 DZD 1,076,421.57 −DZD 6,145.15
Nationwide Bank 174.4996 £15.00 DZD 1,044,380.14 −DZD 38,186.58
Wise 180.3570 £249.15 DZD 1,037,206.05 −DZD 45,360.67
Regency FX No quote collected this day – – – –
Xe No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Xe Cheapest 174.7830 £0.00 DZD 1,048,698.00 –
Nationwide Bank 174.3703 £15.00 DZD 1,043,606.35 –
Wise 180.2560 £244.18 DZD 1,037,521.09 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 179.6673 – DZD 1,078,003.67
Regency FX Cheapest 179.1822 £0.00 DZD 1,075,093.06 −DZD 2,910.61
Xe 174.7039 £0.00 DZD 1,048,223.40 −DZD 29,780.27
Nationwide Bank 174.3703 £15.00 DZD 1,043,606.35 −DZD 34,397.32
Wise 180.2560 £244.18 DZD 1,037,521.09 −DZD 40,482.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 180.0455 – DZD 1,080,272.74
Paysend Cheapest 179.0362 £0.00 DZD 1,074,217.17 −DZD 6,055.57
Nationwide Bank 174.2513 £15.00 DZD 1,042,894.23 −DZD 37,378.51
Wise 180.0690 £254.14 DZD 1,034,651.26 −DZD 45,621.48
Regency FX No quote collected this day – – – –
Xe No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Nationwide Bank Cheapest 174.7465 £15.00 DZD 1,045,858.07 –
Xe 172.8221 £0.00 DZD 1,036,932.60 –
Wise 179.8050 £234.25 DZD 1,036,710.68 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 179.8990 – DZD 1,079,394.13
Regency FX Cheapest 179.4133 £0.00 DZD 1,076,479.76 −DZD 2,914.37
Nationwide Bank 175.1916 £15.00 DZD 1,048,521.91 −DZD 30,872.22
Xe 172.5865 £0.00 DZD 1,035,519.00 −DZD 43,875.13
Wise 179.6840 £239.24 DZD 1,035,116.40 −DZD 44,277.73
Exchange rateFeeRecipient getsDifference
Mid-market rate 180.2611 – DZD 1,081,566.52
Regency FX Cheapest 179.7744 £0.00 DZD 1,078,646.29 −DZD 2,920.23
Nationwide Bank 175.4468 £15.00 DZD 1,050,048.80 −DZD 31,517.72
Xe 172.9135 £0.00 DZD 1,037,481.00 −DZD 44,085.52
Wise 180.2260 £250.84 DZD 1,036,148.11 −DZD 45,418.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 181.2676 – DZD 1,087,605.76
Regency FX Cheapest 180.7782 £0.00 DZD 1,084,669.22 −DZD 2,936.54
Nationwide Bank 177.0314 £15.00 DZD 1,059,533.01 −DZD 28,072.75
Xe No quote collected this day – – – –
Wise No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 181.1301 – DZD 1,086,780.52
Wise Cheapest 181.7210 £245.28 DZD 1,045,753.47 −DZD 41,027.05
Regency FX No quote collected this day – – – –
Xe No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 181.1233 – DZD 1,086,739.97
Regency FX Cheapest 180.6343 £0.00 DZD 1,083,805.77 −DZD 2,934.20
Nationwide Bank 177.9077 £15.00 DZD 1,064,777.43 −DZD 21,962.54
Xe 176.2675 £0.00 DZD 1,057,605.00 −DZD 29,134.97
Wise 181.7210 £245.28 DZD 1,045,753.47 −DZD 40,986.50
Exchange rateFeeRecipient getsDifference
Mid-market rate 181.9946 – DZD 1,091,967.36
Regency FX Cheapest 181.5032 £0.00 DZD 1,089,019.05 −DZD 2,948.31
Nationwide Bank 177.9077 £15.00 DZD 1,064,777.43 −DZD 27,189.93
Xe No quote collected this day – – – –
Wise No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 182.2044 – DZD 1,093,226.13
Regency FX Cheapest 181.7124 £0.00 DZD 1,090,274.42 −DZD 2,951.71
Nationwide Bank 177.7350 £15.00 DZD 1,063,743.69 −DZD 29,482.44
Xe 175.0287 £0.00 DZD 1,050,172.20 −DZD 43,053.93
Wise 181.9110 £234.77 DZD 1,048,758.75 −DZD 44,467.38
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Nationwide Bank Cheapest 177.7350 £15.00 DZD 1,063,743.69 –
Xe 176.5449 £0.00 DZD 1,059,269.40 –
Wise 183.1220 £261.23 DZD 1,050,895.04 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 183.1213 – DZD 1,098,727.84
Regency FX Cheapest 182.6269 £0.00 DZD 1,095,761.28 −DZD 2,966.56
Nationwide Bank 178.6498 £15.00 DZD 1,069,218.97 −DZD 29,508.87
Xe No quote collected this day – – – –
Wise No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Nationwide Bank Cheapest 177.7793 £15.00 DZD 1,064,009.30 –
Xe 175.8105 £0.00 DZD 1,054,863.00 –
Wise 182.0820 £225.87 DZD 1,051,365.14 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 182.1722 – DZD 1,093,033.01
Regency FX Cheapest 181.6803 £0.00 DZD 1,090,081.82 −DZD 2,951.19
Xe 176.4516 £0.00 DZD 1,058,709.60 −DZD 34,323.41
Nationwide Bank 176.2301 £15.00 DZD 1,054,737.37 −DZD 38,295.64
Wise 181.8630 £240.33 DZD 1,047,470.87 −DZD 45,562.14
Exchange rateFeeRecipient getsDifference
Mid-market rate 182.1471 – DZD 1,092,882.58
Regency FX Cheapest 181.6553 £0.00 DZD 1,089,931.79 −DZD 2,950.79
Xe 176.4859 £0.00 DZD 1,058,915.40 −DZD 33,967.18
Nationwide Bank 176.2301 £15.00 DZD 1,054,737.37 −DZD 38,145.21
Wise 181.8630 £240.33 DZD 1,047,470.87 −DZD 45,411.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 182.6047 – DZD 1,095,627.92
Regency FX Cheapest 182.1116 £0.00 DZD 1,092,669.72 −DZD 2,958.20
Nationwide Bank 177.0005 £15.00 DZD 1,059,348.07 −DZD 36,279.85
Xe 175.7332 £0.00 DZD 1,054,399.20 −DZD 41,228.72
Wise 182.3710 £257.41 DZD 1,047,281.88 −DZD 48,346.04
Exchange rateFeeRecipient getsDifference
Mid-market rate 182.9697 – DZD 1,097,818.21
Regency FX Cheapest 182.4757 £0.00 DZD 1,094,854.10 −DZD 2,964.11
Nationwide Bank 177.0005 £15.00 DZD 1,059,348.07 −DZD 38,470.14
Xe 175.9390 £0.00 DZD 1,055,634.00 −DZD 42,184.21
Wise 182.9480 £252.99 DZD 1,051,403.99 −DZD 46,414.22

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more DZD per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of DZD on every transfer from the UK.

Right now, Regency FX pays 1,094,854.10 DZD on 6,000 GBP, which is 2,964.11 DZD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 1,095,761.28 DZD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Algeria.

We've tracked 207 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. Regency FXAppeared in 96 comparisons

    Cheapest every time

  2. XeAppeared in 157 comparisons

    Cheapest in 2% of them

  3. WiseAppeared in 201 comparisons

    Cheapest in 1% of them

  4. Nationwide BankAppeared in 197 comparisons

    Cheapest in 6% of them

Based on 207 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Xe (today's second cheapest) was the cheapest in only 2% of its comparisons, so it's rarely the cheapest option for transfers to Algeria.

Ways to send money from the UK to Algeria

There are many ways to send money to Algeria from the UK, including currency broker, online, app, multi-currency account, global business account, and bank, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Algeria, say weekly or monthly, an app like Xe is the easiest and cheapest way to do it.

It charges £0 in fees, has 3.92% markup, lets you save recipient details, and DZD will arrive in minutes.

Over the past month, Xe was the cheapest app on 85% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized DZD transfers, around £1,000 - £5,000.

Online companies like Xe often have higher limits and/or first time promos.

Of the 4 companies we compared, Xe is the cheapest online service and will get you DA1,055,634 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 17 of the 20 days it quoted.

For large transfers

Brokers

Currency brokers like Regency FX are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).

You get a dedicated account manager to handle your transfer to Algeria, and real human support.

Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/DZD rate.

The markup gets better the more GBP you send, so we suggest .

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from £6,000 it quoted.

For spending and receiving

Multi-currency accounts

Multi-currency accounts let you hold and spend Algerian Dinar abroad like a local.

Wise offers the best multi-currency account.

With it, converting £6,000 to DZD will get you DA1,051,403.99 after fees.

If you don’t have DZD in your account, your GBP will auto-convert whenever you pay with Wise in Algeria.

Once you have DZD in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Algeria, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Only if you have to

Banks

Your UK bank is the most expensive way to send money to Algeria.

On a £6,000 transfer, banks like Nationwide Bank will add 3.32% markup, getting you DA1,059,348.07 vs DA1,094,854.10 with Regency FX.

We found Nationwide Bank was the cheapest bank on 27 of the 27 days it appeared for this amount.

Ways to fund GBP and receive DZD in Algeria

Pay-in and pay-out methods will affect how much GBP you deposit and how much DZD your recipient gets. Use the table below to see how different options change how much you pay and what they get.

Our data shows that Regency FX gets your recipient 35,506.03 DZD more than Nationwide Bank, today's cheapest bank, on the same £6,000.

The overall best and cheapest way to send £6,000 to Algeria is via Regency FX, using a bank transfer to deposit GBP and bank deposit to receive DZD.

Depositing GBP

You have 3 pay-in options for transfers to Algeria, including bank transfer, debit card, and credit card.

The cheapest pay-in option is bank transfer.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is credit card.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Algeria

Money can reach Algeria by bank deposit, and each delivery method comes with its own fees.

The cheapest way to receive money in Algeria is with bank deposit on average.

Digital wallets

Your recipient can receive DZD directly into a digital wallet (like PayPal or similar) which usually takes a few minutes to arrive.

  1. 1
    Bank transfer Bank deposit

    You pay £6,000.00

    DA1,094,854

    Cheapest

  2. 2
    Debit card Bank deposit

    You pay £6,000.00

    DA1,055,634

    -DA39,220

  3. 3
    Credit card Bank deposit

    You pay £6,000.00

    DA1,055,634

    -DA39,220

Consider this when sending GBP to Algeria

There are a few nuances you should consider before sending GBP to Algeria such as limits, taxes, and safety.

Compare GBP/DZD transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Algeria:

Cheapest way to send money to Algeria

The cheapest way is to use Regency FX, pay in with a bank transfer and withdraw via bank deposit. You will get DA1,094,854.10, which is 3.24% more than the next best option.

Fastest way to send money to Algeria

The fastest way is to use Regency FX via bank transfer deposit and bank deposit for pay out. You get DA1,094,854.10 and it will arrive in minutes - 24 hours.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/DZD transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with Regency FX will get you 1,094,854.10 DZD, that’s including £0 fee and 0.27% in exchange rate markup.

A bank like Nationwide Bank on the other hand, will get you DA1,059,348.07, that’s £15 in fees but 3.32% in FX fees.

Taxes on money transfers

There is no UK tax for the act of sending money to Algeria.

And, regular gifts from your normal income are free of inheritance tax straight away, with no cap and no seven-year wait, as long as you can still cover your usual living costs.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 4 regulated companies offering money transfers from the UK to Algeria in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/DZD pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 207 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/DZD transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on how we work:

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.