How to send money to Mongolia from UK with the best GBP-MNT rate

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

Sending £6,000 gets you ₮28,646,618.35 with Regency FX at 4774.4364 MNT per GBP, about 0.76% more than the next best option.

Best companies for GBP/MNT transfers

4 of 4 providers

Last updated on 28 October 2026

Based on 6,000 GBP transfer

Best companies for GBP/MNT transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee £203.01 1 GBP = 4779.3700 MNT +0.17% vs mid-market Recipient gets ₮27,705,960.10 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£203.011 GBP = 4779.3700 MNT
₮27,705,960.10You pay£6,000.00
Promoted

Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 4774.4364 MNT +0.27% vs mid-market Recipient gets ₮28,646,618.35 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 4774.4364 MNT
₮28,646,618.35You pay£6,000.00

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Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 4774.4364 MNT +0.27% vs mid-market Recipient gets ₮28,646,618.35 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 4774.4364 MNT
₮28,646,618.35You pay£6,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee £51.20 1 GBP = 4778.7932 MNT +0.18% vs mid-market Recipient gets ₮28,428,084.93 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in Mongolia with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£51.201 GBP = 4778.7932 MNT
₮28,428,084.93You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee £4.99 1 GBP = 4681.8736 MNT +2.23% vs mid-market Recipient gets ₮28,091,241.60 Minutes - 24 hours

Ways to receive money in Mongolia with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
£4.991 GBP = 4681.8736 MNT
₮28,091,241.60You pay£6,004.99
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee £188.00 1 GBP = 4778.7932 MNT +0.18% vs mid-market Recipient gets ₮27,774,346.02 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Mongolia with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£188.001 GBP = 4778.7932 MNT
₮27,774,346.02You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Wise

Pay via Bank transfer
Fee £203.01 1 GBP = 4779.3700 MNT +0.17% vs mid-market Recipient gets ₮27,705,960.10 Within a week
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£203.011 GBP = 4779.3700 MNT
₮27,705,960.10You pay£6,000.00

Wise

Pay via Debit card
Fee £220.88 1 GBP = 4779.3700 MNT +0.17% vs mid-market Recipient gets ₮27,620,552.75 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£220.881 GBP = 4779.3700 MNT
₮27,620,552.75You pay£6,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee £4.99 1 GBP = 4600.1765 MNT +3.99% vs mid-market Recipient gets ₮27,601,059.00 Minutes - 24 hours

Ways to receive money in Mongolia with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
£4.991 GBP = 4600.1765 MNT
₮27,601,059.00You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee £4.99 1 GBP = 4600.1765 MNT +3.99% vs mid-market Recipient gets ₮27,601,059.00 Minutes - 24 hours

Ways to receive money in Mongolia with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
£4.991 GBP = 4600.1765 MNT
₮27,601,059.00You pay£6,004.99

Wise

Pay via Credit card
Fee £328.07 1 GBP = 4779.3700 MNT +0.17% vs mid-market Recipient gets ₮27,108,252.08 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£328.071 GBP = 4779.3700 MNT
₮27,108,252.08You pay£6,000.00
How Our Results Work
Mid-market rate: 1 GBP = 4787.3623 MNT Updates every 60 minutes.

How to send money from UK to Mongolia

Pick a company

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

Regency FX was the cheapest on 30 of the 30 days it quoted £6,000 transfers to Mongolia.

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

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

Fund your transfer

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

Paying from your bank is usually both cheapest and quickest, since most companies connect straight into 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 it's normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Mongolia?

How much GBP you send to Mongolia 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
£5000.28%£1.20₮2,381,288.34with bank transfer to bank deposit+₮600,346.91
£1,0000.20%£1.20₮4,768,768.38with bank transfer to bank deposit+₮1,145,533.90
£2,0000.18%£11.20₮9,491,088.99with bank transfer to bank deposit+₮192,314.87
£6,000This page0.27%£0.00₮28,646,618.35with bank transfer to bank deposit+₮804,710.15
£10,0000.27%£0.00₮47,737,382.96with bank transfer to bank deposit+₮1,338,465.47
£50,0000.25%£0.00₮238,462,186.21with bank transfer to bank deposit+₮5,489,747.75
£250,0000.20%£0.00₮1,193,966,362.84with bank transfer to bank deposit+₮21,884,260.20

Mid-market rate: 1 GBP = 4787.3623 MNT

GBP/MNT Exchange Rate History

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

The cheapest way to send GBP to MNT 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 Mongolia.

MNT received for £6,000, after fees

Wed, 28 Oct 2026Mid-market rate₮28,724,173.62 Regency FX ₮28,646,618.35Regency FX₮28,646,618.35Revolut₮28,428,084.93MoneyGram₮28,091,241.60

27.5m
28.0m
28.5m
29.0m
29.5m
At the mid-market rateWith the cheapest optionRegency FXRevolutMoneyGram
Exchange rateFeeRecipient getsDifference
Mid-market rate 4760.4357 – ₮28,562,614.20
Regency FX Cheapest 4747.5825 £0.00 ₮28,485,495.14 −₮77,119.06
Revolut 4751.8762 £59.00 ₮28,230,896.52 −₮331,717.68
MoneyGram 4657.6876 £4.99 ₮27,946,125.60 −₮616,488.60
Exchange rateFeeRecipient getsDifference
Mid-market rate 4775.5573 – ₮28,653,343.87
Regency FX Cheapest 4762.6633 £0.00 ₮28,575,979.84 −₮77,364.03
Revolut 4765.1582 £59.00 ₮28,309,804.72 −₮343,539.15
MoneyGram 4646.0969 £4.99 ₮27,876,581.40 −₮776,762.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 4760.4324 – ₮28,562,594.28
Regency FX Cheapest 4747.5792 £0.00 ₮28,485,475.28 −₮77,119.00
Revolut 4752.8051 £59.00 ₮28,236,415.17 −₮326,179.11
MoneyGram 4662.9560 £4.99 ₮27,977,736.00 −₮584,858.28
Exchange rateFeeRecipient getsDifference
Mid-market rate 4753.3638 – ₮28,520,182.69
Regency FX Cheapest 4740.5297 £0.00 ₮28,443,178.19 −₮77,004.50
Revolut 4743.4632 £59.00 ₮28,180,914.71 −₮339,267.98
MoneyGram 4639.4235 £4.99 ₮27,836,541.00 −₮683,641.69
Exchange rateFeeRecipient getsDifference
Mid-market rate 4763.9324 – ₮28,583,594.12
Regency FX Cheapest 4751.0697 £0.00 ₮28,506,418.42 −₮77,175.70
Revolut 4751.0047 £119.00 ₮27,940,658.89 −₮642,935.23
MoneyGram 4639.0723 £4.99 ₮27,834,433.80 −₮749,160.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 4750.8553 – ₮28,505,131.57
Regency FX Cheapest 4738.0280 £0.00 ₮28,428,167.71 −₮76,963.86
Revolut 4746.0477 £119.00 ₮27,911,506.42 −₮593,625.15
MoneyGram 4639.0723 £4.99 ₮27,834,433.80 −₮670,697.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 4755.9360 – ₮28,535,616.05
Regency FX Cheapest 4743.0950 £0.00 ₮28,458,569.88 −₮77,046.17
Revolut 4749.4453 £59.00 ₮28,216,454.33 −₮319,161.72
MoneyGram 4639.0723 £4.99 ₮27,834,433.80 −₮701,182.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 4761.0456 – ₮28,566,273.50
Regency FX Cheapest 4748.1908 £0.00 ₮28,489,144.56 −₮77,128.94
Revolut 4751.5936 £59.00 ₮28,229,217.78 −₮337,055.72
MoneyGram 4642.9358 £4.99 ₮27,857,614.80 −₮708,658.70
Exchange rateFeeRecipient getsDifference
Mid-market rate 4765.1719 – ₮28,591,031.59
Regency FX Cheapest 4752.3060 £0.00 ₮28,513,835.81 −₮77,195.78
Revolut 4753.4911 £59.00 ₮28,240,490.35 −₮350,541.24
MoneyGram 4649.6092 £4.99 ₮27,897,655.20 −₮693,376.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 4747.1453 – ₮28,482,872.09
Regency FX Cheapest 4734.3281 £0.00 ₮28,405,968.33 −₮76,903.76
Revolut 4740.0174 £59.00 ₮28,160,443.23 −₮322,428.86
MoneyGram 4646.4481 £4.99 ₮27,878,688.60 −₮604,183.49
Exchange rateFeeRecipient getsDifference
Mid-market rate 4767.1264 – ₮28,602,758.39
Regency FX Cheapest 4754.2552 £0.00 ₮28,525,530.95 −₮77,227.44
Revolut 4755.0382 £59.00 ₮28,249,682.02 −₮353,076.37
MoneyGram 4632.0476 £4.99 ₮27,792,285.60 −₮810,472.79
Exchange rateFeeRecipient getsDifference
Mid-market rate 4766.4987 – ₮28,598,992.46
Regency FX Cheapest 4753.6292 £0.00 ₮28,521,775.18 −₮77,217.28
Revolut 4745.9733 £119.00 ₮27,911,069.04 −₮687,923.42
MoneyGram 4649.6092 £4.99 ₮27,897,655.20 −₮701,337.26
Exchange rateFeeRecipient getsDifference
Mid-market rate 4760.4669 – ₮28,562,801.23
Regency FX Cheapest 4747.6136 £0.00 ₮28,485,681.67 −₮77,119.56
Revolut 4745.9733 £119.00 ₮27,911,069.04 −₮651,732.19
MoneyGram 4649.6092 £4.99 ₮27,897,655.20 −₮665,146.03
Exchange rateFeeRecipient getsDifference
Mid-market rate 4762.3917 – ₮28,574,350.36
Regency FX Cheapest 4749.5333 £0.00 ₮28,497,199.62 −₮77,150.74
Revolut 4755.6308 £59.00 ₮28,253,202.63 −₮321,147.73
MoneyGram 4649.6092 £4.99 ₮27,897,655.20 −₮676,695.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 4759.8592 – ₮28,559,155.46
Regency FX Cheapest 4747.0076 £0.00 ₮28,482,045.74 −₮77,109.72
Revolut 4752.7820 £59.00 ₮28,236,277.65 −₮322,877.81
MoneyGram 4648.2043 £4.99 ₮27,889,225.80 −₮669,929.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 4735.1427 – ₮28,410,856.06
Regency FX Cheapest 4722.3578 £0.00 ₮28,334,146.74 −₮76,709.32
Revolut 4720.3641 £59.00 ₮28,043,682.87 −₮367,173.19
MoneyGram 4658.0388 £4.99 ₮27,948,232.80 −₮462,623.26
Exchange rateFeeRecipient getsDifference
Mid-market rate 4766.2985 – ₮28,597,791.20
Regency FX Cheapest 4753.4295 £0.00 ₮28,520,577.17 −₮77,214.03
Revolut 4758.1987 £51.20 ₮28,305,572.55 −₮292,218.65
MoneyGram 4659.0925 £4.99 ₮27,954,555.00 −₮643,236.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 4793.7249 – ₮28,762,349.65
Regency FX Cheapest 4780.7819 £0.00 ₮28,684,691.31 −₮77,658.34
Revolut 4784.7937 £51.20 ₮28,463,780.63 −₮298,569.02
MoneyGram 4659.0925 £4.99 ₮27,954,555.00 −₮807,794.65
Exchange rateFeeRecipient getsDifference
Mid-market rate 4783.1018 – ₮28,698,610.76
Regency FX Cheapest 4770.1874 £0.00 ₮28,621,124.51 −₮77,486.25
Revolut 4781.0059 £111.20 ₮28,154,387.56 −₮544,223.20
MoneyGram 4681.2201 £4.99 ₮28,087,320.60 −₮611,290.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 4782.0706 – ₮28,692,423.35
Regency FX Cheapest 4769.1590 £0.00 ₮28,614,953.81 −₮77,469.54
Revolut 4781.0059 £111.20 ₮28,154,387.56 −₮538,035.79
MoneyGram 4681.2201 £4.99 ₮28,087,320.60 −₮605,102.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 4793.2665 – ₮28,759,598.93
Regency FX Cheapest 4780.3247 £0.00 ₮28,681,948.02 −₮77,650.91
Revolut 4786.9306 £51.20 ₮28,476,492.83 −₮283,106.10
MoneyGram 4681.2201 £4.99 ₮28,087,320.60 −₮672,278.33
Exchange rateFeeRecipient getsDifference
Mid-market rate 4802.6632 – ₮28,815,979.33
Regency FX Cheapest 4789.6960 £0.00 ₮28,738,176.19 −₮77,803.14
MoneyGram 4680.1664 £4.99 ₮28,080,998.40 −₮734,980.93
Revolut No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 4818.3297 – ₮28,909,978.04
Regency FX Cheapest 4805.3202 £0.00 ₮28,831,921.10 −₮78,056.94
Revolut 4811.6489 £51.20 ₮28,623,536.81 −₮286,441.23
MoneyGram 4692.7739 £4.99 ₮28,156,643.40 −₮753,334.64
Exchange rateFeeRecipient getsDifference
Mid-market rate 4825.1906 – ₮28,951,143.40
Regency FX Cheapest 4812.1626 £0.00 ₮28,872,975.31 −₮78,168.09
Revolut 4816.7502 £51.20 ₮28,653,883.60 −₮297,259.80
MoneyGram 4710.7067 £4.99 ₮28,264,240.20 −₮686,903.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 4815.7750 – ₮28,894,649.90
Regency FX Cheapest 4802.7724 £0.00 ₮28,816,634.34 −₮78,015.56
Revolut 4807.5604 £51.20 ₮28,599,215.28 −₮295,434.62
MoneyGram 4709.3002 £4.99 ₮28,255,801.20 −₮638,848.70
Exchange rateFeeRecipient getsDifference
Mid-market rate 4814.7192 – ₮28,888,314.98
Regency FX Cheapest 4801.7194 £0.00 ₮28,810,316.53 −₮77,998.45
MoneyGram 4704.0259 £4.99 ₮28,224,155.40 −₮664,159.58
Revolut 4789.3205 £111.20 ₮28,203,350.40 −₮684,964.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 4813.6968 – ₮28,882,180.54
Regency FX Cheapest 4800.6998 £0.00 ₮28,804,198.65 −₮77,981.89
MoneyGram 4704.0259 £4.99 ₮28,224,155.40 −₮658,025.14
Revolut 4786.9270 £111.20 ₮28,189,255.76 −₮692,924.78
Exchange rateFeeRecipient getsDifference
Mid-market rate 4803.9439 – ₮28,823,663.29
Regency FX Cheapest 4790.9732 £0.00 ₮28,745,839.40 −₮77,823.89
Revolut 4784.9299 £51.20 ₮28,464,591.21 −₮359,072.08
MoneyGram 4704.0259 £4.99 ₮28,224,155.40 −₮599,507.89
Exchange rateFeeRecipient getsDifference
Mid-market rate 4794.5750 – ₮28,767,449.71
Regency FX Cheapest 4781.6296 £0.00 ₮28,689,777.59 −₮77,672.12
Revolut 4787.2029 £51.20 ₮28,478,112.61 −₮289,337.10
MoneyGram 4693.1255 £4.99 ₮28,158,753.00 −₮608,696.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 4787.3623 – ₮28,724,173.62
Regency FX Cheapest 4774.4364 £0.00 ₮28,646,618.35 −₮77,555.27
Revolut 4778.7932 £51.20 ₮28,428,084.93 −₮296,088.69
MoneyGram 4681.8736 £4.99 ₮28,091,241.60 −₮632,932.02

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. There are no bank quotes for this period.

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 MNT 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 MNT on every transfer from UK.

Right now, Regency FX pays 28,646,618.35 MNT on 6,000 GBP, which is 77,555.27 MNT less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 28,872,975.31 MNT.

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 Mongolia.

We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. Regency FXAppeared in 104 comparisons

    Cheapest every time

  2. RevolutAppeared in 186 comparisons

    Cheapest in 37% of them

  3. MoneyGramAppeared in 166 comparisons

    Never the cheapest

Based on 196 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 and gets you the most MNT, and it was also the cheapest in 100% of the 104 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Mongolia.

Revolut (today's second cheapest) was the cheapest in only 37% of its comparisons, so it's rarely the cheapest option for transfers to Mongolia.

Ways to send money from the UK to Mongolia

There are many ways to send money to Mongolia from the UK, including app, multi-currency account, global account, online, broker, and in person, and more.

For small & frequent transfers

Money transfer apps

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

It charges £51.2 in fees, has 0.18% markup, lets you save recipient details, and MNT will arrive in minutes.

Over the past month, Revolut was the cheapest app on 93% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

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

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

Of the 4 companies we compared, MoneyGram is the cheapest online service and will get you ₮28,091,241.6 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 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 Mongolia, and 24/7 support.

Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/MNT 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 fast money transfers

Cash transfer

Sending cash is the fastest way to send money from the UK to Mongolia, but is usually a bit more expensive.

You will need to deposit £6,000 online via MoneyGram, and your recipient in Mongolia will be able to collect ₮28,091,241.6 in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

For spending and receiving

Multi-currency accounts

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

Revolut offers the best multi-currency account.

With it, converting £6,000 to MNT will get you ₮28,428,084.93 after fees.

If you don’t have MNT in your account, your GBP will auto-convert whenever you pay with Revolut in Mongolia.

Once you have MNT in the account, there are no extra fees from Revolut 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 Mongolia, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Ways to fund GBP and receive MNT in Mongolia

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

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

Depositing GBP

You have 3 pay-in options for transfers to Mongolia, 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 Mongolia

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

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

Digital wallets

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

  1. 1
    Bank transfer Bank deposit

    You pay £6,000.00

    ₮28,646,618

    Cheapest

  2. 2
    Debit card Bank deposit

    You pay £6,000.00

    ₮27,774,346

    -₮872,272

  3. 3
    Credit card Bank deposit

    You pay £6,004.99

    ₮27,601,059

    -₮1,045,559

Consider this when sending GBP to Mongolia

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

Compare GBP/MNT transfer options

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

Cheapest way to send money to Mongolia

The cheapest way is to use Regency FX, pay in with a bank transfer and withdraw via bank deposit. You will get ₮28,646,618.35, which is 0.76% more than the next best option.

Fastest way to send money to Mongolia

The fastest way is to use Revolut via bank transfer deposit and bank deposit for pay out. You get ₮28,428,084.93 and it will arrive in within minutes.

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/MNT 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 28,646,618.35 MNT, that’s including £0 fee and 0.27% in exchange rate markup.

A bank like on the other hand, will get you ₮0, that’s £ in fees but % in FX fees.

Taxes on money transfers

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

And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.

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 Mongolia in real time.

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

Most GBP/MNT 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 196 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/MNT 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.