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.

 


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