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How To Transfer Large Amount Of Money Internationally

There’s a number of reasons why you might be looking to transfer a large sum of money internationally. You could be buying a property abroad. Or perhaps you’re making a large purchase overseas or paying a deposit for a getting married abroad! Whatever the reason, it makes sense that you would want to make sure you’ve got the best deal possible for making a large transfer.

Updated: 03/06/2021
Read time: 5 minutes
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In this guide, we’ll be taking you through the best options for transferring a large amount of money internationally to ensure you don’t get hit by excessive transfer fees and exchange rates.

How to transfer large sums of money internationally?

To transfer a large sum of money internationally, you’ll need to find a currency broker or bank that can handle this request for you. Your two main options are:

  • Using a highstreet bank which can facilitate large transfers between two bank account.
  • Using a specialist money transfer service that allows large transfers

You should note that not all money transfer providers will be able to accommodate large transfers, as many have a maximum sending limit. Finding a currency broker that can accommodate your needs is therefore essential to help you get your money abroad efficiently and without delays.

What is the best way to send large amounts of money?

When finding the best service for you, there are a number of things that you will want to take into consideration. These include:

Transfer fees 

Traditional banks are known for having more expensive transfer fees than money service providers, but that’s not to say you won’t get caught out with hefty transfer fees if you don’t do your research. Some brokers will add a fixed fee for large transfers, whereas some will charge a percentage-based fee. 

What’s most important is that you have a clear understanding of what fees you will be charged and any additional fees that your recipient’s bank could charge them.

Exchange rate markups

Often referred to as the hidden fee, exchange rate markups are the margin added onto the mid-market exchange rate by banks and transfer providers. Again, banks tend to be known for adding a higher markup than specialist providers, but it’s still important you know roughly how much you are being charged on the exchange rate.

Lay out your options

The best way to do this is to compare providers and ensure you know exactly how much your recipient will receive.

Additional fees 

Additional fees cover things such as credit card charges, processing fees, and any fees that the receiving bank may charge for a transfer. If you need your recipient to receive a set amount, it’s important to take these fees into account in case more is deducted from your transfer sum.

Payment method and delivery method 

The majority of large sum transfers will need to be done directly from bank account to bank account, although this doesn’t mean you’re limited to making the transfer with your bank. 

Transfer time

If you are making a payment for a certain deadline, you will want to check that your transfer provider can process your transfer within that time frame.

Large sums can sometimes take longer to process because additional verification checks are required to verify you are authorised to be sending that amount of money, so take this into account when looking to send a large sum abroad.


Importantly, you’ll want to consider the security measures your chosen method of transfer has in place. Not only do you want to ensure your money is delivered securely to your recipient, but you also want to make sure that should you encounter any problems, you are using a reliable service that can help you. One thing to look out for is how the provider you are using is regulated. In the UK, providers should be regulated by the financial conduct authority (FCA), which oversees financial institutions.

Ultimately, the best way for you to transfer a large amount of money abroad really depends on the circumstances of your transfer. Variables that can affect this include:

  • Where you are located
  • Where you are sending the money to and the currencies you need to convert between
  • The sum you are sending (and the fee structure each provider charges)
  • Whether an urgent transfer vs the cheapest cost is your top priority

Our innovative comparison engine takes all of these factors into account to help you find the best transfer provider for your individual transfer needs, helping you find the perfect provider for securely transferring a large amount of money internationally.

How much money can you send abroad?

Theoretically, you can wire any amount abroad with no limits, provided you have the funds in your bank account. That being said, your bank or transfer provider may have their own maximum send limitations. These limits usually prohibit you from sending more than a certain amount (which will differ depending on your bank) in a set time.

Again, the best way to overcome this is to make sure you are using a broker that specialises in transfers for large sums so you’re unlikely to run into this obstacle.

What do I need to send a large sum of money abroad?

Sending a large amount of money internationally usually requires more documentation than a regular transfer because of the additional security checks needed to keep your money and your account safe. Documents you should have handy in case you need them include:

  • A valid form of ID, such as a passport or driving license
  • Proof of where the money came from – this might include a bank statement, payslip, investment certificate etc. Check with your broker what you’ll need as it may depend on where the money comes from (e.g. selling a property, salary, investments etc)
  • Source of income – you may need to provide payslips or bank statements to verify your income for large transfers
  • Your recipient may also need a form of ID to receive the funds

Bottom line

With our comparison engine, you can find the best way to send a large sum of money internationally for your specific transfer needs. 

We take cost, transfer time, exchange rate, security, and more into account to find the best service based on the currencies you are looking to convert between and the sum you are sending.  

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Yasmin Purnell

Yasmin is the content writer for MoneyTransfers.com. With an English degree from the University of Nottingham and over 5 years’ experience freelancing in the personal finance niche, Yasmin joined the team with a mission to make international money transfers accessible and easy to understand for all. When she’s not writing, you’ll find Yasmin on her yoga mat or planning her next escape to the mountains.

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