Review Money Transfer Companies in the UK, Search Prepaid Cards and Travel Money Card Charges and Benefits and more… New review section with interactive comment section please see link, Money Transfer Reviews

To Learn more about the companies listed, simply select the review on money transfer companies, prepaid credit cards or travel money cards and see more information on each service or product. Compare Money Transfer reviews generally look at value for money, fee structure, customer service and product features. Compare Money Transfer will also make recommendations where all products and services are listed in the experts choice above.

REVIEW INFORMATION

How do foreign exchange providers, travel money cards and services work for you in the real world?

Compare Money Transfer offers you reviews of all products featured and listed on the site, with an easy rating system and assessment, so you can see impartial feedback and make the right choice.

Our editors consider a number of factors dependent on the review of each product; but will generally look at consumer uptake, value for money, fee structure, ease of application process and product features.

Compare Money Transfer will also make a recommendation on best buy products which normally offer good value for money or the company are running a special offer,

All star ratings are impartial and independent and may not reflect on ratings offered on other comparison sites. If you feel you have experienced a bad service by one of the companies listed let us know and we will review all ratings given.

RationalFX provides thousands of Businesses with very competitive exchange rates for wire transfer to most countries around the world. Our offerings for Business and Corporate Users include Online Payments and Dealing systems, dedicated Corporate and Business Dealer desks, a full range of FX Services and deal types.

With RationalFX you will benefit from:

• Guaranteed competitive exchange rates
• Free express transfers for payments
• No sending or receiving fees – guaranteed
• Fixing your exchange rate for up to two years
• Same day payments for all major currencies anywhere in the world
• Flexibility to trade over the telephone or online
• Happy Hour exchange Rates

Sending money overseas is simple, quick and secure when using RationalFX. We offer excellent exchange rates on multiple currencies worldwide and maintain a 0% commission policy on all transfers. There are zero transfer fees when sending over £2,500 and when sending less, there is always a fee free option available to customers.

Benefits of using Xendpay from RationalFX for your regular payments

• Best exchange rates – save up to 6% in comparison to your bank
• No commission or hidden costs
• Always a fee free option and no transfer fees over £2,500
• All receiving charges covered

• Ideal to quickly send under £2500 / $4000
• If you want to make a one off payment under £2500 / $4000 and less than £7500 / $12000 per year, then you can use our Xendpay safe small payments system.
• It requires no ID check and the whole transaction can be completed in under 30 seconds.

Don’t leave your foreign exchange to chance– leave it to Caxton FX. We’re here to help with all your currency exchange needs, and we’re with you every step of the way.

So how can The FX Firm offer good exchange rates?

Whatever your currency needs, Caxton FX will help you get more for your money. With bank-beating exchange rates and no commission or transfer fees, there are no hidden costs – only great value.

Our tailored and personalised service ensures your transfers are efficient and stress-free.

Your designated account manager will guide you expertly through the currency minefield, ensuring you understand the financial jargon and are happy with your transfer.

Caxton FX is authorised and regulated by the Financial Services Authority (FSA). We hold all Client Money in a separate EU regulated credit institution, ensuring it is not at risk in the unlikely event ofCaxton FX getting into financial difficulties

FastPay: The fast and effective way to complete a foreign money transfer

FastPay is a fast and secure online payment system that allows you to make an international payment, fee-free.

From regular bill payments overseas to one off international bank transfers,FastPay is suitable for your personal foreign money transfer needs.

FastPay offers competitive foreign exchange rates and no fees for transfers

Currency Index leading the way for Currency Brokers in United Kingdom

Currency Index is becoming one of the most renowned currency brokers of UK which have been offering companies and the individuals with foreign exchange money saving services. It aims at offering friendly services, expert guidance and outstanding exchange rates. There are a number of advantages associated with Currency Index which are stated below:

It Is One Of The Best Money Saving Option:

Both business organizations as well as the individuals use banks for foreign exchange transactions. There are a number of limitations associated with it such as lack of individual service, poor exchange rates since everybody is fitted in one single approach. Currency Index by virtue of “inter-bank” relationships offer wholesale exchange on the transactions which are over £5,000. The clients as a result can save about £1,900 in every single transaction.

You Can Avoid Fluctuations In The Exchange Rates:

It is impossible to forecast the exchange rates, for these are ever changing. It is your responsibility to negotiate the best price; however things might not turn in your favor. The exchange rate can definitely be fixed by Currency Index for up to 2 years. You can thus stick to your budget and not worry about the fluctuations in the exchange rates.

World Class Services:

Currency Index is known to offer preferential exchange rate to each and every individual. You can easily optimize your transactions with the different kinds of associated mechanisms. You can make most of the exchange for your cash by virtue of stop orders, limit orders and forward contracts. Moreover, you can secure better rates from the services offered like free market analysis.

• You are not required to pay any commissions for the services offered.

Safety Of The Funds:

HM Revenue & Customs regulates the Currency Index. It also was awarded the prestigious “Best Currency Company” award at the Overseas Property Professional show at Earl’s Court. It is in the client segregated accounts that the funds of the clients are secured. You thus need not worry about the security of your funds.

Individualized Services:

For each of the clients there are personal managers allocated, they guide the clients through the step by step process of foreign currency transaction. The clients are informed about the latest news via fax, email or massages. Since the “one size fits all” strategy is not applied while offering services, the customers can benefit from the best kinds of services they richly deserve.

It is precisely because of some of the reasons stated in this article that Currency Index is one of the Best Currency Companies In UK.

HIFX is one of the most renowned currency brokers of UK which have been offering companies and the individuals with foreign exchange money saving services. It aims at offering friendly services, expert guidance and outstanding exchange rates. There are a number of advantages associated with HIFX which are stated below:

• It Is One Of The Best Money Saving Option:

Both business organizations as well as the individuals use banks for foreign exchange transactions. There are a number of limitations associated with it such as lack of individual service, poor exchange rates since everybody is fitted in one single approach. HIFX by virtue of “inter-bank” relationships offer wholesale exchange on the transactions which are over £5,000. The clients as a result can save about £1,900 in every single transaction.

• You Can Avoid Fluctuations In The Exchange Rates:

It is impossible to forecast the exchange rates, for these are ever changing. It is your responsibility to negotiate the best price; however things might not turn in your favor. The exchange rate can definitely be fixed by HIFX for up to 2 years. You can thus stick to your budget and not worry about the fluctuations in the exchange rates.

• World Class Services:

HIFX is known to offer preferential exchange rate to each and every individual. You can easily optimize your transactions with the different kinds of associated mechanisms. You can make most of the exchange for your cash by virtue of stop orders, limit orders and forward contracts. Moreover, you can secure better rates from the services offered like free market analysis.

• You are not required to pay any commissions for the services offered.

• Safety Of The Funds:

HM Revenue & Customs regulates the HIFX. It is also a member of Money Transmitters Association in UK. It is in the client segregated accounts that the funds of the clients are secured. You thus need not worry about the security of your funds.

• Individualized Services:

For each of the clients there are personal managers allocated, they guide the clients through the step by step process of foreign currency transaction. The clients are informed about the latest news via fax, email or massages. Since the “one size fits all” strategy is not applied while offering services, the customers can benefit from the best kinds of services they richly deserve.

It is precisely because of some of the reasons stated in this article that HIFX is one of the most renowned currency brokers of UK.

MyCurrencyTransfer.com does exactly what its says. The website and the owners are competitors but at the same time it’s a pleasure to know them as they have the same values as Compare Money Transfer.

In most cases MyCurrencyTransfer.com promotes the same companies as we do meaning the same logic is used to choose the best foreign exchange partners in the market, although they are not in the same order this is mainly due to relationships with the brokers or down to special offers.

MyCurrencyTransfer have made new additions to their website which include providing an Apple IPhone app and an android app. I have tested the apple one and it’s good compared to some of the others out there.

With more and more money transfer comparison sites popping up with the majority of these owned by foreign exchange companies there are truly only 5 top providers and I am please to say MyCurrencyTransfer.com is in the top 5 comparison sites for providing information on foreign exchange.

If you are a business or looking to exchange currency to buy a property overseas, I would suggest as like my competitors suggest that you use a comparison site to see how much you can save.

Having worked in the foreign exchange industry since 2005 now, I have found that I have worked with My Currency Transfers on numerous occasions. A shrewd businessman and expert in his field, the management at MyCurrencyTransfer.com have taken their knowledge and developed various propositions for the marketplace, all of which add massive value and considerable knowledge to a consumer or small medium business. I aim to continue working with them as often as required for many years to come.

The Royal Bank of Scotland website does not offer live currency exchange rates but instead the rates are updated daily and only give you an indication on what you may be expected to get. You need to visit your branch for details of exchange rates at the time of making the transaction. Royal Bank of Scotland bank offer two types of currency rates for it’s existing customers.

Personal Exchange Rates

There is the retail currency exchange rate which is available to all Royal Bank of Scotland customers wishing to send personal funds abroad. All exchange rates shown exclude any commission or other associated charges which may apply.

Commercial Exchange Rates

Using Royal Bank of Scotland Bank

If you are looking to send currency abroad for any reason then you may find using Royal Bank of Scotland branch staff inexperienced as this is not the core part of their training or business, plus they can be  expensive based on transfer charges and obtaining the best exchange rate unless you are prepared to haggle with the banking staff and may have to take proof they are not offering you the best exchange rate. There are no guarantees that they will match or beat competitive rates offered.

When it comes to making foreign transactions, RBS offer a full range of services, from straightforward currency exchange to complete risk management solutions, meeting the simplest or most complex customer needs.

RBS use foreign exchange (FX) hedging tools to help reduce the risks associated with foreign currency fluctuations. RBS solutions give customers greater certainty over their future cashflows, enabling them to plan for the future with increased confidence.

Sending money to where you need it has never been simpler. In fact, with Halifax electronic transfers via the internet and telephone, you don’t even have to leave the comfort of your home. And of course, you can always send money abroad from one of Halifax branches to do an international electronic funds transfer

Transfer How fast is a transfer?

If you use an International Electronic Funds Transfer, Halifax will process it on the same day – as long as it’s a working day for banks. If it’s a weekend or bank holiday, we’ll process it on the next working day. But please note – Halifax will do a few security checks and won’t be able to process your transaction until these are done.

What else will I need

* BIC – Bank Identifi er Code – this is a code by which the benefi ciary bank is identified throughout the world, in a standard format.

** IBAN – International Bank Account Number – this is a code by which the benefi ciary sort code and account number is recognisable and is used for payments being sent to a member country of the European Union.

° EU: European Union, EEA; European Economic Area. EU/EEA countries: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, United Kingdom.

Also, the following countries have adopted the use of IBAN and you’ll need to quote IBAN and BIC when sending payment to these countries: Andorra, Bosnia, Bulgaria, Croatia, Faroe Islands, Gibraltar, Greenland, Macedonia, Monaco, Romania, San Marino, Serbia and Montenegro, Tunisia, Turkey.

Online offer – send money around the world for £7.50*
Sending money abroad with Halifax Online Banking service is only £9.50, a saving of £10 on our branch and telephone banking process. However, Halifax are offering a further £2 off the online fee for your first three payments, making them only £7.50 each.

First Direct offer a wide range of trading options for you to send money overseas. First Direct can provide this full range of international payment services because they are part of the HSBC Group, one of the largest banking. You will need to bank with the First Direct in order to utilise their foreign exchange services.

So when you’re doing business abroad, exchange rate fluctuations could impact on your bottom line. Managing the potential risks provides protection for your business and even helps you take advantage of changes in currency rates.

First Direct foreign exchange products include:

Spot foreign exchange

A straightforward but potentially high risk method of buying or selling foreign currency. A spot foreign exchange contract is a binding obligation to buy or sell a set amount of currency at the current market rate, for settlement after two working days.

Forward foreign exchange

This is a contract to buy or sell a set amount of currency at a pre-agreed rate of exchange, for delivery on a future date (typically within one year). It allows you the choice of accurately forecasting and managing your cash flow and costs, or protecting your profits. The price is based on the spot rate when the deal is booked, with an adjustment that reflects the interest rate difference between the two currencies involved.

Time options

An option to buy or sell a currency at a pre-agreed rate, until a pre-arranged future date. Time options offer flexibility and protection from adverse exchange rate fluctuations. There is no upfront premium but you must still complete the sale or purchase by the final maturity date, even if exchange rates change for the worse.

Currency options

An option, without obligation, to buy or sell a currency up to a future specified date at a pre-agreed rate. By paying an ‘up front’ premium you can take advantage of positive fluctuations and enjoy protection from adverse exchange rate movements.

First Direct offer a wide range of foreign currency accounts in a range of currencies. These are suitable if you regularly make and receive payments in a particular foreign currency, travel to certain countries, own a property abroad or have surplus currency funds. International Personal Accounts (previously known as Foreign Currency Accounts) are available to 1st Account customers and offer immediate access to your funds.

Co-op offer a wide range of options for you to send money overseas. You will need to bank with the Co-Operative in order to utilise their foreign exchange services.

So when you’re doing business abroad, exchange rate fluctuations could impact on your bottom line. Managing the potential risks provides protection for your business and even helps you take advantage of changes in currency rates.

Co-Operative foreign exchange products include:

Spot foreign exchange

A straightforward but potentially high risk method of buying or selling foreign currency. A spot foreign exchange contract is a binding obligation to buy or sell a set amount of currency at the current market rate, for settlement after two working days.

Forward foreign exchange

This is a contract to buy or sell a set amount of currency at a pre-agreed rate of exchange, for delivery on a future date (typically within one year). It allows you the choice of accurately forecasting and managing your cash flow and costs, or protecting your profits. The price is based on the spot rate when the deal is booked, with an adjustment that reflects the interest rate difference between the two currencies involved.

Time options

An option to buy or sell a currency at a pre-agreed rate, until a pre-arranged future date. Time options offer flexibility and protection from adverse exchange rate fluctuations. There is no upfront premium but you must still complete the sale or purchase by the final maturity date, even if exchange rates change for the worse.

Currency options

An option, without obligation, to buy or sell a currency up to a future specified date at a pre-agreed rate. By paying an ‘up front’ premium you can take advantage of positive fluctuations and enjoy protection from adverse exchange rate movements.