Changing pounds for the greenback? Save on your international transfers with a currency exchange provider

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Regularly sending money to the USA using your bank? Then you are probably spending too much in bank fees and not getting much of a rate on your transfers. Currency exchange brokers typically offer around 0.5% to 1.5% over the interbank rate, where a bank will offer a rate that is over a least 4% more than the interbank rate. If you are exchanging thousands then you are taking quite a big hit.

You can also schedule regular payments, which saves the hassle of having to set up a payment each month, ideal for paying your US based freelancers or other regular business transactions.

Many offer fast transfer times of 1-3 days, so you can get your money where it needs to be quickly. Take a look at our comparison tool to find the most cost-effective money transfer companies when exchanging GBP for USD.

 


Rachel Doyle
Rachel Doyle
Senior Content Specialist
Rachel has over 10 years’ communications and writing experience, having started her career in financial services where she spent nine years working in various roles. She started out in fund… Read more

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.