Fexco is a multinational financial services provider that offers personal money transfer services. Founded and headquartered in Ireland in 1981, it has operations in more than 50 countries worldwide and employs more than 2,000 people across Europe, the Middle East, Asia, North America, Latin America and Australasia.
Fexco serves businesses with a wide range of innovative products and services, including Dynamic Currency Conversion, Bank to Bank Transfers, Retail FX, Managed Business Solutions and Tax Free Retail Services. It processes more than €37bn ($39bn) in transactions annually.
Fexco personal money transfers are, however, oriented toward large amounts, typically transactions like international property purchases, cross-border mortgage payments, sales of property in other countries, pension payments across borders, overseas education fees and similar.
Nonetheless, fees are kept relatively low. The service makes use of Mastercard Payment Gateway Services to enable Fexco’s Dynamic Currency Conversion (DCC) solutions -- with which international transfers can be funded with the home currency.
Fexco also makes use of its network of banking contacts and high volume of turnover to provide exceptionally low rates for large-amount money transfers.
Registration is quite simple. Fexco asks for information from the client’s passport and uses that to verify the client’s identity. There is no demand for large amounts of personal information. After registering, and providing funds, Fexco finds a low rate of exchange and makes the transfer with a good level of efficiency.
The speed of transactions is exceptionally rapid with funds reaching foreign bank accounts in a matter of hours, always on the same day.
As a financial institution, Fexco is regulated by the Financial Conduct Authority, and maintains a high level of security. FEXCO is the first Irish Payment Service Provider to receive the esteemed ISO 27001 Certification. Developed by the International Organisation for Standardisation (ISO) and awarded by Certification Europe, ISO 27001 is the recognised international standard for payments security.
Excellent exchange rates | No transfer fees | Thousands of 5 star reviews
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Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure
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OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates
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Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
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One-off payments | Regular payments | Great rates | Safeguarded customer funds
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Currency exchange specialists ranking No.1 on Trustpilot for the past two years
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Banks are typically the most expensive way to do an international money transfer, and the quotes from the providers above show you the typical savings that can be made versus the average of a group of popular banks. All providers on FXcompared.com are regulated in the UK by the FCA, in the USA by FinCEN, In Canada by the SSC and Australia by the ASIC.
We check all rates regularly and this quote is an average from a group of major UK high street banks for this past month. It includes: Bank of Scotland, Barclays, Co-operative Bank, HSBC UK, Halifax, Lloyds Bank, NatWest, Nationwide and Santander GB – tracked every month. For more information on how the price comparisons are calculated, see our IMTI page.
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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.
