There are plenty of reasons why you might want to send money to the United Kingdom; perhaps you have family there, are conducting business in Britain or you have purchased a property in the UK.
Whatever your reason, it is in your interest to research the best way to send money to the UK.
You have three main choices. Perhaps the most obvious of these is to use a high street bank to send sterling to the UK.
If you need to move money to a UK bank account, perhaps with Lloyds TSB or Barclays, then using a bank in your country of residence is a sensible place to start researching your options.
You should find that you can send money to the United Kingdom with just one phone call or in-branch visit.
Unfortunately, this convenience can come at a high cost with poor foreign exchange rates on sterling and per-transfer fees imposed each time you move money.
Money Sending bureaus, which are your second option, aren't a lot better in terms of value; you can expect to pay per-transfer fees of between ten and 15 per cent and the pound exchange rate won't be great.
They do, however, come with the benefit of allowing you to send money to the UK when your recipient doesn't have access to a bank account.
But if you want the best deal, it might be a better idea to use a foreign exchange broker to send money to the United Kingdom.
You will be able to access some very competitive exchange rates this way but if you use RationalFX to send pounds to the UK you will also be able to enjoy a low fee service.
Why not open an online account for free today? There is no obligation to use our service today but you can view and compare our rates with your other options.