International Payments

Do you need to send money abroad? 

Whether you are making an international payment for a property, a holiday, paying a mortgage or bills abroad you need to find the cheapest way to transfer your money and achieve the best exchange rate. 

International payments can be made by your bank or via a foreign currency broker. 

Banks V’s Foreign Currency Brokers 

You will save more money using a foreign currency broker to make an international payment abroad. Banks can charge up to £30 per international payment and offer uncompetitive blanket exchange rates. Foreign currency brokers due to their huge buying power are able to offer you far better exchange rates. Most brokers will offer you free international payment transactions on larger amounts and will also waiver any transaction fees if you make regular international payments. 

Use the Compare currency comparison table to find out what transaction fees the leading UK banks and foreign currency providers charge for international payments. 

If you are making an international payment for the first time and are looking for advice and help monitoring the foreign exchange markets in order to achieve the best exchange rate, you will need an expert to help you. Unfortunately international payments made via the bank are carried out in call centres, where the staff has little/no knowledge of the exchange rate markets and the reasons behind the fluctuating exchange rates. Currency brokerages on the other hand employ market experts who are on hand to help guide you through your entire international payment. They can explain what is happening in the market, monitor the exchange rate for you and help you to achieve the best possible exchange rate.