Sending Money

Q: How much does it cost to send money online?

This really depends on a number of factors associated with your transfer. This includes your payment method and how you choose for your recipient to receive the funds, where you are located, the sum you are sending, and what currency you are converting your money into. Our comparison engine helps you find the cheapest ways to send money to avoid expensive transfer fees.

Q: How long does it take to send money online?

Domestic transfers can be processed as quickly as minutes, although some may take closer to a few hours or even up to 24 hours in some cases. The transfer time for domestic transfers really depends on whether your payment needs to go through additional checks for security purposes, but the majority of the time you can rely on a rapid transfer. International transfer times can vary depending on the provider you are using and the payment method you select. For example, some transfer providers are capable of making international transfers within minutes for particular currency corridors, whilst cash pickups are often a fast way of getting your money into the hands of your recipient. Other transfers, however, can take between 3 – 5 working days – particularly international bank transfers.

Q: What is the safest way to send money online?

Sending money online using your bank or a third-party provider are both considered to be secure ways of sending your money. It’s a good idea to read some user reviews on a reputable site such as Trustpilot if you’re not sure about the company. In addition, we’d highly recommend only sending money to people or organisations that you trust, and that you double check that the details you have for your recipient are all correct as transfers are difficult to reverse once they have been processed.

Due to the booming money transfer industry, sending money online need not be complicated or expensive. Instead, there are plenty of straightforward and affordable options to choose from. That is, if you’ve done your research and find the right method of sending money for your needs: we can help you here. In our Sending Money guides, we will break down some of the best ways to transfer money, albeit online or in-person, as we provide an overview of the most recommended money transfer companies that can help you find the best deal for your money.

Updated: 17/01/2022

Read time: 37 minutes

Featured Money Transfer Guides

What Details Do You Need To Transfer Money Abroad?

Whatever your reasons, sending money internationally is more accessible than ever these days, with digital transfer providers allowing 24/7 access to money transfers at the tap of a few buttons on your smartphone. Realistically, you could get your money to your recipient in a matter of minutes. That being said, being prepared for the details […]

A Guide to Getting Married Abroad

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Top 10 Money Transfer Companies

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Money Transfers for Expats

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Receiving your pension as an expat does not need to be complicated. We provide all the retirement options for UK expats, to keep it simple.

Money Transfers for Small Business

We discuss why more small businesses are using online money transfers as an attractive alternative to banks.

What is the Mid Market Rate?

We present ideas as to why the mid market rate matters, and how an understanding of it can help save you money in the future.

How to Find the Best Exchange Rate

This guide will take you through how to find and secure the best exchange rates, when sending money abroad.

Money transfer services

Ideal for sending money internationally, money transfer services such as TransferGo have made huge strides in the past couple of decades to make sending your money abroad cheaper, faster, and easier than ever.

With a number of transfer providers placing a huge focus on their digital presence, you can now access your account and initiate international transfers 24/7 from your mobile app, with the possibility to send or receive funds from the otherside of the world within minutes.

Money transfer services work by users signing up to a free account, and then enter the details of the transfer. Most providers have a number of payment options such as bank transfer and card payments.

Using a trusted provider

Whether you’re paying bills abroad, supporting family members back home, or something else entirely, transfer providers like TransferGo are one of the best ways of getting your money abroad cheaply, quickly, and securely. With bank grade security, TransferGo are a highly secure money transfer operator.

Send money online with TransferGo

What are the benefits of money transfer providers?

Money transfer providers are one of the most popular ways to send money online because:

They tend to have lower fees than traditional banks
They offer more competitive exchange rates
They can get your money to your recipient within a number of minutes in some cases
Many companies support transfers to hundreds of countries worldwide

Person-to-Person apps and services

There are multiple services that will allow you to send money for free straight from your bank account to another person. Usually, these services or apps give you the option to link your bank account or you can pay by card (credit cards will usually have a small fee).

Top sending apps include:

PayPal: One of the most popular ways to send money online to friends and family as well as paying for online purchases and subscriptions, PayPal is one of the most well known payment services online. A bonus is that most other people will already have a PayPal account to save the hassle of setting up a new account when you need to get money to someone. When sending money domestically, most PayPal transfers are free.

Venmo: Available in the US only, Venmo is a free payment app that transfers funds from your bank account or debit card and can be sent using your recipient’s username, phone number, or email address. Venmo is popular with the younger generation particularly because it allows messaging with each payment.

Cash App: Cash App is another popular app for sending and receiving money online with no fee. To send money, you simply need your recipient’s username, phone number, or to scan their Qr code. Cash App is only available in the US and UK.

Zelle: Zelle is a US peer-to-peer service for bank transfers, offering fast and free bank transfers to customers whose banks are partnered with the service. To sign up, you need to register directly on Zelle via the app, and you can then send money directly from your bank account to your recipient.

What are the benefits of person-to-person sending apps?

For small, domestic payments between friends and family, the apps listed above are some of the most efficient ways of getting your money to someone quickly and cheaply. The one caveat is that often both parties will need to have an account for the app you are using.

Banks

Of course, another option for sending your money online is to use your bank. If you are looking for a straightforward bank to bank transfer, using your bank’s online app can be a convenient way to do this.

Convenience or cost?

It’s worth noting that banks will often have higher fees than third-party services. If you are sending your money abroad, for example, a money transfer provider will almost always have lower fees and better exchange rates.

What are the benefits of sending money online with your bank?

Sending money online with your bank can be a convenient way of getting your funds to your recipient as you don’t need to sign up to a new account with a third party provider. However, banks also tend to have the highest fees associated with money transfers (particularly international transfers), and slower transfer times.

How can I send money online instantly?

It’s important to know that not all online money transfers will be processed instantly, so if you need to get your money to someone urgently, you should first make sure the service you are using can facilitate this. A number of things can affect how quickly your transfer is processed, including:

Where you are located
Where you are sending funds to
What payment method you select (bank transfer can sometimes take longer than a card payment, for example)
How you choose for your recipient to receive the funds (cash pickups are often available very quickly)

Our guide to sending money instantly covers some of the top services to use for rapid transfers anywhere around the world.

Sending money online with a debit card

Paying by debit card to send money online is a popular choice for many people looking to transfer money. Essentially an extension of your bank account, paying by debit card is a widely accepted payment method and means the funds will leave your account near instantly, which means you’re not borrowing money to send a transfer.

However, keep in mind that sending money via debit card can incur higher international transfer fees than some other means. Our full guide to sending money with your debit card will take you through the pros and cons in more detail.

How do I transfer money to someone else’s bank account?

The steps to transfer money to someone may vary slightly depending on what method you use to send money online. However, generally speaking, the process will be relatively similar and straightforward:

Step 1: Choose your provider

Step 2: Create your account

Step 3: Enter the details of your transfer

Step 4: Double-check the charges

Step 5: Start your transfer

What details do you need to transfer money online?

Although your provider will no doubt guide you through the process of sending your money online, it’s helpful to have all the details you’ll need prepared ahead of time. For sending money online, you will usually need the following details of the person or organisation you are sending to:

The name of the person (or organisation) you are paying
The bank account number of the account you are paying into
The sort code of the account
The date you want the payment made
The sum you are sending
If sending internationally, what currency you need it converted into
A payment reference so the payee knows where the money came from
Occasionally, the name and address of the bank you are sending to
In some cases, the IBAN/BIC codes of the account you are paying into

In addition, you’ll need to provide some details about yourself. This typically includes:

A valid form of ID such as a passport or driving license to verify your identity (may not always be required)
If paying by bank transfer, your full name as it appears on the account, bank account number, and sort code/BIC/SWIFT code
If paying by card, the long 16 digit number on the front of your card, the expiry date, and CVV security code

Read our guide on sending large sums of money internationally for more information on the documents you may need if sending a larger amount abroad.

Other payment methods for sending money online

Sending money via bank transfer can be a convenient way of electronically transferring funds between two bank accounts, but it’s not always the quickest way to get your money into your recipient’s hands.

Other ways you can have your payment delivered to your recipient include:

Cash pickups or delivery

Cash is one of the fastest ways to get your money to your recipient. Not all money transfer providers offer this service, so make sure it’s available before locking in your transfer. A few of our top recommended providers that do offer cash payouts include WorldRemit and Ria Money Transfer.

Fast and easy pick up

Depending on what provider you use, you may be able to choose between having your recipient pick up the cash at an agent location, or they may get the funds delivered directly to their door. Cash pick ups are often available instantly and have low transfer fees.

Mobile wallets

Many money transfer providers have a large digital focus with user-friendly apps to make managing your transfers accessible 24/7. One popular payout option is to send your funds to a mobile wallet, which your recipient can access if they also have an account with the provider you are using.

Mobile top ups

Some money transfer providers even offer the option to send money in the form of a mobile top up. This can be helpful if, for example, you are sending money back home to family and paying for their mobile so you can stay in regular contact is part of why you are sending money home.

What is the best way to send money online?

The best way to send money online will vary depending on the circumstances of your transfer. Different providers will be more suitable if you are sending money domestically compared to if you are looking to send money abroad, for example.

A few of our top recommendations include:

✓ Best for international transfers to friends and family

When sending money abroad, a money transfer provider is almost always the cheapest and most efficient way to get your money securely to your recipient’s bank account – without losing a large percentage of the transfer amount to transaction fees.

TransgerGo, for example, has a fixed free structure that is clearly displayed when you enter the details of your transfer, with a range of options that allows you to prioritise cost or speed. One of their biggest advantages is the company’s 30 minute transfer option when sending money from the UK, with the option for weekend transfers.

Ultimately, the best money transfer provider for your international transfer will depend on the circumstances of your transfer. That is, where you are located, where you are sending money to, the sum you are sending, and the payment and payout methods that best suit you and your recipient. We always recommend using our innovative comparison engine to find the best option for you.

Visit TransferGo

✓ Best for domestic transfers to friends and family

For sending smaller amounts to friends and family, a peer-to-peer app will often be the most affordable and faster way to get your money to the receiving account. Popular apps well-known for their user-friendly interface and free transfers include:

PayPal
Venmo (US only)
Cash App (US only)

✓ Best for sending large sums

Not all third-party providers are suitable for sending large sums, for example, if you need to transfer a deposit for buying a home abroad. This is because many providers have a maximum sending limit, whilst others require further verification of your identity before they can process your payment.

We would recommend using our comparison tool to help you find a suitable provider for the amount you are looking to send.

Compare all transfer providers

All Money Transfer Guides

IBAN vs Routing number

Understanding the difference between an IBAN and a routing number will massively benefit both parties involved in an international money transfer. In this guide we will present the distinguishing features of both, looking at the similarities and differences between the two identification codes.

Converting IBAN to BIC

Whether you are sending money to friends and family overseas, or making mass business payments, it is easy to get confused when dealing with various foreign bank details. In this guide we explain how to differentiate between these two banking terms, as we consider the possibility of converting an IBAN into a BIC code.

Top 35 Blogs for Remittance Advice

In this list we have picked out the very best online resources for free remittance advice; regardless of the purpose, size or destination of your transfer.

SEPA vs SWIFT code

International payments can be arranged many different ways, albeit through traditional banking methods or with the help of a money transfer service; but not all overseas remittances are processed the same way. In this guide we will be running through the differences between SEPA and SWIFT, identifying what areas these types of payments cover and when customers will need to gather this sort of information.

Sort Code vs SWIFT Code

In this guide we will identify the different uses of sort codes and SWIFT codes, comparing their functions side by side, to clear up any confusion that may arise during the process of arranging a money transfer.

SWIFT Code vs Routing Number

In this guide we will cover the definition and functionalities of SWIFT codes and routing numbers, clearing up any confusion users may experience when sending or receiving an international money transfer.

Mass International Payments for Business

As the world of online money transfers continues to evolve, so does the number of service providers offering streamlined mass payment solutions. The ability to arrange bulk payments to multiple international contractors, vendors and supply chains is an invaluable asset for businesses, no matter big or small. In this guide we will run through where to find the best deals for mass global payments and how these companies are tailoring their services to meet the needs of corporate clients.

PayPal Mass Payments for Business

The requirements of each and every international money transfer is different, and in some cases, especially when businesses are concerned, multiple payments need to be processed at once. In this guide we will look at how to send money to numerous payees with PayPal, plus the total cost of fees and the overall efficiency of this service.

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Is PayPal more cost effective than money transfer providers?

PayPal provides worldwide payment solutions for a variety of online transactions, from making a purchase to arranging cross-border remittances. In this guide we will be deliberating how much PayPal transfers cost when compared to the services of specialised money transfer providers.

Euro Transfers

Making euro transfers is easier than ever before, with international money transfer providers offering multiple payment options, prices and delivery methods. For those who have never sent an international money transfer to Europe, this type of transaction might feel like a foreign concept. In this guide, we will provide an overview of what to expect when sending Euro transfers, including information on the financial systems which have been designed to make things easier.

USD to GBP

The US Dollar and the British Pound are two of the most commonly traded currencies. We want to help our users gain a better understanding of the exchange rate for USD/GBP by providing further information on both currencies. Whether you are paying for British goods or services, sending money to family members overseas, or travelling from the US to the UK on vacation, helping you get the best available exchange rate when converting your hard-earned Dollars into Pounds is important to us.

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How long does an International Money Transfer take?

Why should I use an international money transfer provider? Utilising the services of an international money specialist like WorldRemit or Azimo is a smart way to go if you are hoping to send funds overseas quickly and efficiently. Due to their resources, international money transfer providers are able to offer the most competitive rates, bank-beating […]

How much money can you transfer online?

Where are you sending the money? Recognising how the destination impacts the limits of your transfer, will give you a better understanding of what sort of minimum and maximum amounts are able to be sent and received. We have outlined the key differences between a domestic and international money transfer below. Domestic transfer These types […]

The Cheapest Way to Send Money to Europe

Europe is home to 44 countries, but not all of them use the euro. This makes sending money to the continent less straightforward than you may have originally anticipated. Those looking for cheaper alternatives when sending an international money transfer, must always consider the destination country, currency and costs involved. To reduce the cost of sending money to Europe, we have put together this guide which outlines the best ways to save money on European remittances.

Foreign Bank Accounts

Having a foreign bank account, or offshore account, can be very useful. For expats living or working abroad, freelancers with international clients or those supporting family overseas, international banking can prove to be an invaluable way of managing your finances wherever you are in the world. In this guide we will run through the various aspects of foreign bank accounts and how to get started with one.

How to Send Money to Canada from the USA for Free

As neighbouring countries with two of the strongest economies in the world, there are many reasons individuals or businesses need to send money between these North American countries. Millions of money transfers travel through this payment corridor everyday, and in this guide we will explain how to send money to Canada from the USA, without paying a cent.

How to Open a Bank Account Overseas

Overseas bank accounts serve a multitude of people and purposes, and it is not just expats who need to access funds in foreign accounts. Due to the growth of international immigration, tourism, trade and commerce, money transfers are made all over the globe everyday, and an increasing number of people open bank accounts overseas to support these cross-border payments.

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How to Avoid Bank Charges for International Transfers

Bank charges can drastically affect the value of your international money transfer, so it pays to be in the know. In this guide we will outline how to steer clear of the types of fees which commonly catch customers out.

How to find an IBAN number

What is an IBAN number? IBAN stands for International Bank Account Number and they are called for when sending or receiving international payments. An IBAN is used to identify the individual account involved in an international transaction. This globally-established coding system is primarily practised by banks within Europe, but it is becoming more widely used […]

How do SWIFT payments work?

In our guide to BIC/SWIFT codes we outlined all the information you will need to know when making an international money transfer. This page will provide an overview of how payments are made using the SWIFT network, detailing crucial things to consider and looking at the common misconceptions.

What is a SWIFT code?

Chances are you will have heard the term "SWIFT code" be used in banking situations; but what exactly does it mean? When will you need to use one? What purpose does it serve? We will address these types of questions and more on this page.

How To Send Money To Students Abroad

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Email Money Transfer

Email money transfers (EMT) refer to the method of sending and receiving money using a person’s email address.

Can I Use PayPal to Transfer Money Internationally?

Can I use PayPal to send money internationally? Yes, you can certainly use PayPal to send money internationally. The company supports international transfer to over 200 countries and can process your transfer in a few working days. If you’re going to be using this option to transfer funds abroad, it’s a good idea to familiarize […]

Best Way to Send Money to Friends and Family

In the past, it may have seemed like the only way to securely transfer money to your loved ones was via a bank. Banks are familiar, most of us already have a bank account, and they make sending money both domestically and internationally convenient because our details are already synced up. However, in the past […]

Iban to Account Number

An IBAN – International Bank Account Number – is used for identifying a specific bank account for international money transfers and transactions. Along with your SWIFT/BIC code, any time you are sending your money to another bank account abroad, you are likely to be asked for the corresponding IBAN for that account. In this quick […]

What Are Routing Numbers And How Do You Find Them?

Routing numbers are used by banks to identify one another. Adopted for use in the United States in 1910, routing numbers are an essential part of financial transactions and necessary anytime you are looking to send or receive money. In this guide, we’ll cover exactly what routing numbers are, how to find them, and why you might need one.

Living and Working in the UK as an Expat

Moving to the UK from abroad is a major decision with a number of factors to take into account. The UK can be an expensive place to live, but that really depends on where you are moving to. London may have the most job opportunities, but the UK is also home to a number of […]

How to Avoid Losing Money When Freelancing For International Clients

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International Money Transfer Limit Irs

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SWIFT/BIC Codes

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What is an IBAN number?

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Can I Send Money Without a CVV Code?

In this article, we’ll look at whether you can send money without a CVV code, and potential alternatives if you don’t have access to your card. What is a CVV code? The CVV (Card Verification Value) is the three digit number on the back of your Visa or MasterCard debit or credit card. On American […]

What Details Do You Need To Transfer Money Abroad?

How To Transfer Money Within the USA

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Mobile Money: What Is It & What Are The Benefits?

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Receiving Inheritance Money From Overseas

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How To Transfer Money From A Bank Account To PayPal Instantly

Many people use PayPal for regular subscriptions and payments. From Netflix to eBay, if you have regular payments leaving your bank account via your PayPal account, adding money to PayPal will ensure you can meet those payments on the day they’re due. That being said, having a linked bank account to simply debit funds straight […]

Sending Money

Card to Card Money Transfers

What are the pros and cons of card to card transfers? Sending money with a card While sending money to a card is not a common method of transferring money, many transfer providers do provide the option to pay by either credit card or debit card for your transfer. To do this, you’ll need to […]

Transferring Money Between Bank Accounts

How to transfer money within the same bank With the vast majority of banks having user-friendly online banking capabilities and apps these days, it’s easier than ever to transfer money between accounts within the same bank. Transfers within the same bank branch are usually made on the bank’s own internal network, allowing the process to […]

How To Transfer Large Amount Of Money Internationally

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 […]

International Bank Transfer Fees

In this guide, we’ll look at the kinds of transfer fees you can expect when sending your money abroad via bank transfer, and how to avoid shelling out too much whether you’re making a one-off transfer or regular payments. What international bank transfer fees should I expect? The main two costs you can expect when […]

Best International Bank For Expats

Some banks offer international bank accounts that are specifically for people living away from their home country, while other non-bank institutions offer a digital approach to wiring money internationally that means fewer fees and more versatility with moving your money across borders. In this guide, we’ve reviewed some of the best international banks for expats […]

Best Way To Wire Money Internationally

These days, it isn’t just traditional banks that can initiate a wire transfer abroad. Money transfer providers are well equipped to move your funds online, often for lower fees and more competitive exchange rates. In this article, we’ll take a look at some of our top recommended transfer companies for wiring money internationally, plus the […]

Cheapest Way To Wire Money

A wire transfer can be a fast and efficient way to send money around the world, but what’s the cheapest way to organise transferring your funds? In this article, we’ll look at the cheapest way to wire money plus potential alternative ways of sending money for even lower fees or free. Before we dive into […]

Wiring Money From A Credit Card

Why send money from your credit card? Wiring money from your credit card to your own bank account is known as a cash advance. Some people may choose to do this if you are looking to borrow a small sum of cash, to pay off an overdraft, or if you need to make a payment […]

What is a Multi-Currency Account?

What are multi-currency accounts? Multi-currency accounts allow users to hold money in multiple foreign currencies within the same account. They are ideal for anyone with multinational expenses and commitments, providing a more cost-effective way of dealing with several different currencies. These accounts can be a great solution for companies of all sizes, as well as […]

How Does A Bank Transfer Work?

What are Bank Transfers? Bank transfers are a means of transferring funds from one account to another account electronically, without having to physically move money between accounts. Also known as a wire transfer, bank transfers a popular for: Sending money on a one-off basis Wiring money internationally Paying for products and services online Bank transfers […]

What Is A Virtual Bank Account?

What is virtual banking? As the name suggests, virtual banking takes traditional banking services completely online. While many traditional banks now offer online banking as a part of their banking services, virtual banks eradicate in-person branches altogether. The end result of this is that you can manage your money online instantly, with numerous benefits over […]

Can A Wire Transfer Be Reversed?

Wire transfers are an electronic means of sending money from one account to another. Most wire transfers are processed via a secure messaging system such as the SWIFT network, which is used by banks worldwide to send information to one another. You can send domestic wire transfer, or they can also be used to send […]

How To Wire Money For Free

What is a wire transfer? A wire transfer is a means of moving money from one account to another electronically. This method of sending money is popular for one-off payments, sending money urgently (wire transfers are often much faster than direct deposits, for example), and sending money internationally. Make sure to check our guide on […]

Transferring Money to a Foreign Bank Account

If you’re interested in transferring money internationally to another bank account, you may be wondering what your options are. In this guide, we’ll take a look at your main options to transfer money abroad, plus the steps you need to follow to safely and securely deposit your money to a foreign bank account. Take a […]

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Difference Between Wire Transfer And Direct Deposit

The Main Differences The main difference between a wire transfer and a direct deposit is that a wire transfer is a faster way of sending money to an account, but a direct deposit is cheaper. A wire transfer is an electronic transfer from one bank account to another, whether that’s transferring money internationally to family, […]

How Safe Are Bank Transfers

Sending your money via a bank transfer can be a convenient way to transfer your money either domestically or internationally, but it does require a certain level of trust in the person or organisation you are sending your money to, not to mention the institution you are relying on to transport your money. Until you […]

Best Way To Transfer Money Between Banks

These days, there are a number of different ways to transfer money between banks. The best way to do so really depends on the circumstances of your transfer. For example, are you moving money between your own accounts, or sending money to someone else? Are you sending money within your own country, or internationally? Do […]

Guide to Making Domestic Wire Transfers

While an international wire transfer can take several working days to appear in your recipient’s account, a domestic wire transfer will be almost instant. When you’re ready to make a wire transfer, below are a few steps to follow to make things hassle-free. What is a domestic wire transfer? A domestic wire transfer is an […]

Wire Transfer Fees

In this article, we’ll be taking a look at the wire transfer fees for popular US and UK banks, what kind of fees you can expect, and how to reduce those fees for cheaper international wire money transfers. Make sure you’ve checked out our guide on the cheapest ways to send money abroad which explains […]

How To Wire Money Internationally

What you need to know about wiring money internationally Wiring money internationally is a popular way of sending money abroad. The electronic nature is this type of transaction makes sending money via wire transfer fairly hands off, requiring you only to know your recipient’s name, bank details, and the sum you are sending abroad. However, […]

How Long Does A Bank Transfer Take?

What do you need to make an international bank transfer? To make a secure wire bank transfer, you’ll need to make sure you have a number of key details to hand. This includes: The name of your recipient Their account number Their sort code The date you want the transfer to be made A payment […]

How Long Does A Wire Transfer Take?

Although you can rarely get a definitive answer for how long your wire transfer will take, you can get a good indication when looking at the particular circumstances of your transfer. Here, we’ll be addressing everything you need to know about international bank transfer times. Wire transfers are a fast and convenient way to send […]

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What‌ ‌is‌ ‌Remittance‌ ‌&‌ ‌How‌ ‌Does‌ ‌it‌ ‌Work‌ ‌

What is remittance and what are remittance payments? The term ‘remittance’ comes from the word ‘remit or ‘to send back,’ and so ‘remittance payments’ refers to the amount of money transferred from one person to another – usually in that person’s home country. The term is primarily used in the context of international payments – […]

A Guide to Getting Married Abroad

How to Send Cash

Why might you want to send money as cash? People send cash to others for various reasons, as sending cash comes with a selection of advantages over other money transfer methods. Some reasons people send cash include: If you/your recipient doesn’t have a bank account: Online bank transfer is an option if either the sender […]

ACH vs Wire Transfers

What’s the difference between ACH and wire transfers? Both wire transfers and Account Clearing House (ACH) transfers are methods of sending money electronically, but there are a number of differences between the two. The main difference between ACH and wire transfer is that ACH payments are predominantly US-based and are processed in batches through the […]

A Guide to Sending Money Home

What factors should I consider when sending money home? When choosing a money transfer service for sending money home, there are a variety of factors to consider to help you find the best deal. Here’s a quick summary of what to bear in mind. The amount you’re sending: Most money transfer services have a limit […]

3 Main Ways to Send Money Online Explained

Why might I want to send money online? The digital revolution the world has undergone in the past few decades has made us more connected than ever. Reaching someone on the other side of the world is now as easy as a few clicks of a button, and where the digital world goes, money follows. […]

Wire Transfers vs EFTs

What is the difference between a wire transfer and an EFT? There are subtle differences between wire transfers and electronic funds transfers (EFTs), which mainly centre around the fact that wire transfers are a specific type of EFT. A wire transfer refers to an electronic transfer of funds between individuals or entities across a network […]

How to Send Money to Someone

The different options for transferring money When sending money, it is important to know the options available, and how they differ in terms of speed, cost, safety, and other factors. Here’s a quick summary of the different ways you can make person-to-person payments. Banks Banks are largely perceived to be the safest and most established […]

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What is a Money Transfer?

The different ways to transfer money When transferring money either within the same country or across borders, there are several options available to you. Here’s a quick summary of some of the most popular. Bank transfer Banks are the most well known and historic presences in the money transfer space, having been around from as […]

Guide to International Money Orders

What is an international money order? A money order is a piece of paper, similar to a cheque, which is used as a method to make payments overseas. It is a safe alternative to cash and even personal cheques. On the money order, it is specified who will receive the money and both the payer […]

Safest Ways to Send Money

It's important to be safe when transferring money online, we can help you find the safest ways to send your money.

Guide to Electronic Funds Transfers

Here we provide information on Electronic Funds Transfers, explaining how and why to use them.

Best money transfer apps

What are the best money transfer apps? Here we explore the top apps, which will point you in the right direction when transferring money.

Receiving Money From Abroad

Here is everything you need to know to get the best deal, when receiving an international money transfer.

Forward Contract

This guide discuss all you need to know when using a Forward Contract.

Telegraphic transfer

What is a telegraphic transfer? We discuss everything you need to know about telegraphic transfers and how they differ from banks.

Transfer‌ ‌Money‌ ‌to‌ ‌Europe‌ ‌

When transferring money to Europe, you want to consider all the details. We can help you find the best deal possible.

Thai Expat’s Guide to Living in the UK

If you've moved to the UK from Thailand, we help you save money in your everyday life and when transferring money home.

Send Money Instantly

If you need to send money online urgently, we can help you discover the best ways to transfer money instantly.

Wire Transfers

This guide will take you through how wire transfers work and whether you should use them when sending money abroad.

How to find the best money transfer rates

This guide will show you the factors that determine money transfer rates, and what you need to know before sending money abroad.

Guide to SEPA Transfers

In this guide, we’ll take you through everything you need about SEPA transfers and how to use them when sending money.

Top 10 Money Transfer Companies

Finding the right money transfer service is important. We compare the top 10 money transfer providers.

Sending Money Using a Credit Card

This guide will help you navigate your options and make the best choice when planning to send money with a credit card.

Send Money Using a Debit Card

Debit cards are one of the most popular ways to transfer money, we explain why and how to use a debit card for money transfers.

Send Money to and From a Bank Account

We discuss everything you need to know when sending money to and from a bank account.

Fastest Ways to Send Money

Sending money abroad can sometimes take a while, here we look at the fastest money transfer services.

Best Way to Send Money

There's a lot to consider when looking for the best money transfer provider. This guide will take you through everything you need to know.

Cheapest Way to Send Money

There are numerable ways of sending money abroad. Here we discuss the cheapest options.

Money Transfers for Expats

We explore why sending money overseas can be costly and the different money transfer options for expats to save money.

Transferring Large Amounts Abroad

It is important to consider everything when sending large amounts of money abroad. Here we discuss why and how we can help.

Receiving Pension Abroad

Receiving your pension as an expat does not need to be complicated. We provide all the retirement options for UK expats, to keep it simple.

Money Transfers for Small Business

We discuss why more small businesses are using online money transfers as an attractive alternative to banks.

International Transfers for Students in the UK

Learn how to best finance your studies and save money as an international student.

Buying A House Abroad

Have an insight into the procedure of buying a house abroad and how to save money in the process.

What is the Mid Market Rate?

We present ideas as to why the mid market rate matters, and how an understanding of it can help save you money in the future.

Should I use my Bank for International Money Transfers?

Are banks the best option for international money transfers? Here we discuss how to transfer money abroad efficiently.

How to Find the Best Exchange Rate

This guide will take you through how to find and secure the best exchange rates, when sending money abroad.

How the Economy Affects Money Transfers

The economy can heavily affect money transfers. We present an explanation why and how to manage risks in economic events.

How Long do International Money Transfers Take?

Here we discuss why the speed of money transfers differ and which money transfer providers offer the fastest services.

How Do International Money Transfers Work?

This guide explains how money transfers work and what different factors affect using them.

Are Money Transfers Taxed?

This guide presents how money transfers and taxes work across the world, as well as offering tips on how to reduce your tax bill.

Research and Insights

What the Richest and Poorest Countries Receive in Remittances

Remittances can prove particularly vital during times of crisis, and remittance flows have remained resilient during the coronavirus pandemic amid a global economic downturn, new data from the World Bank shows. Recorded remittance flows to low- and middle-income countries totalled $540 billion in 2020, only 1.6% below the 2019 total of $548 billion. That was […]

Why don’t Brits trust challenger banks?

How do the British public feel about challenger banks? What actually is a challenger bank? A ‘challenger bank’ is a relatively small bank that’s been around for less than a decade – in opposition to ‘traditional banks’ or ‘established banks’ such as the big four of HSBC, Barclays, Lloyds or Natwest. Some banks meet this […]

International Workers Day 2021

About International Workers Day Every year on May 1st global communities observe International Workers Day. This annual public holiday is an opportunity to celebrate hard-working professionals in all lines of work, by commemorating the success of international workers’ rights groups, such as the Federation of Organised Trades and Labour Unions (FOTLU). In 1884, it was […]

Coronavirus, Working Remotely, & Public Attitudes To Living Elsewhere

Foreword by the CEO, Jonathan Merry The national lockdown enforced by the British government during the first wave of the COVID-19 pandemic forced many companies to adopt a company-wide, work-from-home policy. This unprecedented action saw a meteoric shift in attitude towards a higher level of acceptance for employees working from home. In many ways, it was a giant […]

Cheapest European city breaks on the British government’s exemption list

Vilnius, Lithuania, tops the list ahead of Prague and Krakow as the cheapest city break for Brits looking for a short, European trip to a country that’s safe on the government’s exemption list.

COVID-19 and how it has affected the Money Transfer industry

COVID-19 and the Money Transfer Industry Message from Jonathan Merry, CEO of MoneyTransfers.com From international travel to retail, COVID-19 has hit every aspect of life around the world. In parallel, similar effects have been seen in the world of business, which has seen the biggest drop in activity since the great depression. However, the trajectory […]

Millennial Guide For Baby Boomers & Generation X

The Boomers Travel Guide Millennial Guide For Baby Boomers and Generation X When we think about travelling, a holiday is one of the top reasons that pop into our heads, but holidays come at a high expense. National research has found that UK residents spent £45.4 billion on visits abroad in 2018. We looked over […]

Facebook Libra Privacy & Adoption

With the announcement of Facebook’s cryptocurrency – Libra, the team at Money Transfers decided to look into the potential impact this could have on privacy concerns surrounding Facebook, and whether this could affect consumer adoption of Libra. Key Findings Facebook users are divided on whether to store their money through a service such as Libra […]

The Brexit Impact

The Brexit Impact Britain’s planned exit from the EU infamously referred to as ‘Brexit’ has been one of the biggest shake-ups in modern-day politics. Never out of the news for a day or two the event has been incoming for the past 2 years and there have been drastic effects for both supporters of Britain’s […]

FAQ

How much does it cost to send money online?

How long does it take to send money online?

What is the safest way to send money online?

Bottom line

Sending money online is more accessible than ever nowadays, with apps and online banking making it possible to access your accounts and move your money around the world within minutes. While sending money may be easier than ever, however, it also pays off to be informed about what to look for in a transfer provider to ensure you’re getting the best deal in terms of cost, speed, security, and reliability.

The best way to do that? Research the best provider for your specific transfer needs. Specialist transfer providers will all have their own fee structure, exchange rate markup, and transfer time capabilities depending on the two countries you are sending between. Comparing services is the most efficient way to ensure you’re matched with the best option for you.

Compare providers now

Disclaimer:

MoneyTransfers.com has an active affiliate relationship with TransferGo, and receive compensation when a user signs up at their service. This article has been made independently and the affiliate relationship with Global Reach has not influenced the rankings of their services.

Sending Money

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Money transfer services

What are the benefits of money transfer providers?

Person-to-Person apps and services

What are the benefits of person-to-person sending apps?

Banks

What are the benefits of sending money online with your bank?

How can I send money online instantly?

Sending money online with a debit card

How do I transfer money to someone else’s bank account?

What details do you need to transfer money online?

Other payment methods for sending money online

Cash pickups or delivery

Mobile wallets

Mobile top ups

What is the best way to send money online?

✓ Best for international transfers to friends and family

✓ Best for domestic transfers to friends and family

✓ Best for sending large sums

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Research and Insights

FAQ

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