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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best option: Wise
We tested & reviewed 4 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 94.4% of United Kingdom to Venezuela searches, and was the top rated company supporting money transfers between GBP and VES.
For a great mix of cost, speed & features, transfer from United Kingdom to Bolivar using Wise.
How to compare deals on your United Kingdom to Venezuela transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from the United Kingdom to Venezuela.
- Choose a provider
Select the provider that offers you the best value & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Venezuela from the United Kingdom.
Summary of recent searches
Considerations ahead of sending money from United Kingdom to Venezuela
A comparison of providers offering services between the United Kingdom and Venezuela, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 4 providers that provide services for sending Pound Sterling to Venezuela. This ensures you will get the best options for your transfer to Venezuela from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to Venezuela.
Cheapest way to send money from the United Kingdom to Venezuela: Wise
Data collected for transfers between the United Kingdom and Venezuela over the past six months shows that Wise is 0% cheaper than the second-best option.
This cost combines an average exchange rate between the Pound Sterling and Bolivar that is 0% different to the mid-market rate and an average fee of 20.91* GBP.
*The most common fee applied to GBP-VES by Wise, based on data from the past six months.
Fastest way to transfer money from United Kingdom to Venezuela: MoneyGram
Our data shows that MoneyGram came up as the fastest option for sending Pound Sterling into Bolivar in 44.4% of searches. This makes them well suited to urgent GBP to VES money transfers.
The average fee for a GBP-Bolivar transfer through MoneyGram is 11.5 GBP.
To get the 'fastest' option we compared 4 providers for overall speed of sending money from the United Kingdom to Venezuela - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Venezuela.
When speed matters, MoneyGram is your best choice for sending into Venezuela from the United Kingdom.
Transferring large sums of money
Of the 4 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom to Venezuela.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from the United Kingdom to Venezuela can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the costs involved when moving money from United Kingdom to Venezuela
The total cost of sending money to Venezuela from the United Kingdom is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for GBP-VES is 58.537 VES per Pound Sterling.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Bolivar for your Pound Sterlings.
The GBP-VES mid-market rate over the last three months has seen the Pound Sterling worth an average 48.3977 VES. Within this there has been a high of 54.679, and a low of 46.0455.
From 4 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting GBP to VES.
Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 4 providers tested, averaging 20.91 GBP per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Bolivar eventually received in Venezuela.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Venezuela, means a better overall cost of sending money from the United Kingdom.
How to find the best exchange rate for Pound Sterling to Bolivar
Timing is essential for sending money between GBP and VES. The exchange rate you secure impacts how much VES you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to VES has seen some fluctuation. On average, it stood at 48.3977.
During this period, the highest value recorded was 54.679, while the lowest was 46.0455.
Wise, which is our recommended service to send money online from United Kingdom to Venezuela offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best GBP-Bolivar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Venezuela!
Funding your United Kingdom to Venezuela transfer
Bank transfers
The default option for sending money from the United Kingdom to Venezuela is often a bank transfer.
Using a money transfer company such as Wise for transfers from the United Kingdom to Venezuela, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 4 we tested, the cheapest provider for bank transfers from GBP to Venezuela is Wise.
With an average fee of GBP18.36 to send money from the United Kingdom to Venezuela, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from the United Kingdom to Venezuela with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between the United Kingdom and Venezuela.
Credit cards
Wise is the best money transfer company of the 4 compared for credit card transfers from the United Kingdom to Venezuela
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Venezuela and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Venezuela.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to VES.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
