The best way to send money to the UK will depend on your individual circumstances.
But whether you need to send sterling to the UK to cover payments on a property, to transfer your pension or just to send sterling to friends or family, you will save money if you do some research first.
This is because the charges and costs involved in sending money differ depending on which service you use. And not all of these expenses will be clear at first!
Banks, for example, impose per-transfer fees on top of their currency exchange rates. This means that you will end up paying extra each time you send money to banks in the UK, like Barclays or Halifax, through this method.
Money Sending bureaus operate along similar guidelines. However, their per-transfer fees can be as much as ten or even 15 per cent of your transaction value.
While these establishments are useful if you need to send money to a recipient in the UK who cannot access a bank account, it is worth keeping in mind the associated costs.
If you want to avoid high costs and access more competitive sterling exchange rates then RationalFX might be a better option for you.
Send money to the UK with us and we will guarantee you a low fee service and some of the most competitive exchange rates on the market.
But there is no need to take our word for it! Open an online account for free today and you can view the exchange rates on offer with no commitment to use our services.