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Save money on your international transfers and use a foreign currency exchange broker
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As sterling fluctuates around news on brexit negotiations or economic data, lock in a future exchange rate through one of these brokers
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Save money on bank fees on your regular international transfers
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.
