Our website Compare Money Transfer has helped thousands of consumers and businesses save on international payments, How you say?
We list all foreign exchange companies that offer an international payment service so you get to see the whole picture.
We provide an information table shows you informative and what rate of exchange you will be offered by the currency exchange brokers listed. (indicative rate).
This comparison table shows you how much you can save when making international money transfers.
To see what a difference on savings here is an. Example £350,000 from pound sterling to euros.
Average bank best rate offered 1.174 euros equating to 410,771 euro's
Typical foreign exchange broker listed on our currency exchange tables 1.201 euros equating to 420,511 euros. By using our money transfer comparison website you would get more for your money in fact 9740 more euros using us.
How do I set up a Currency Transfer Trading Account, and how long will it take?
To open an account make transfers of currencies pairs takes about 5 to 10 minutes. You complete an online account agreement. Opening an account means that there is no obligation to trade currencies. So consider opening more than one to get a better rate.
How much money can I transfer?
You can trade from £10 to a choice of over 35 currencies pairs using Compare money transfers and on average £250 when sending regular payment plans.
How long do international money transfers take?
Major currencies: same day in most cases
Standard: 2-4 days
Express: 0-2 days
How do you determine what rate to charge?
Most foreign exchange rates are based on a combination of factors:
- Current currencies rates
- The amount you wish to transact
- The pairs OD currencies you wish to purchase
- When you want to send your international payment
The currencies rate you receive is usually tracked by live foreign exchange rates offer by the currencies markets. But note that foreign exchange currencies markets do not operate between the hours of 10pm on Friday and 8pm on Sunday (both times are GMT).
How much do transfers cost?
This depends on who you use. but it can range from the following
For remittance payments, cash payments of pay within minute currencies transfers under £5000 range from £1.00 to £35.00.
For international currency exchange payments over £5000 can range from Free as the currency provider has made their margin on the rate of exchange to £35.00.
Money transfer companies are specialists in buying and selling currencies. Currencies firms base their business on offering competitive currency prices, timescales, reputation and reliability.
How do I know my money is safe?
As an authorised Payment Institution foreign exchange providers are legally required to safeguard client funds in respect of a international payment. In addition currency companies must be authorised and regulated by the Financial Conduct Authority as authorised payment institution.
Just before you buy currency pairs consider the following actions which will give you additional knowledge and power before you book a currency rate.
First look at our historical currency charts and see how the rate of exchange has been affected over the past several months. It will give you a strong indication on which way the rate of exchange is moving.
Use our interactive comparability tables showing a list of currencies transfers service companies in the UK and their equivalent competition internationally.
Using the currency pairing tools on the differentiating tables to get a indicative price of the rate of exchange you will may receive using Compare Money Transfer free tools and services.
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