Author, Andrew Gibson
Last Updated on June 11th, 2024
As specialists in international money transfers, we have helped thousands of UK customers transfer their money to various locations worldwide.
We can cater to all significant international transfer destinations including Europe, the USA, Australia, Canada, New Zealand, UAE, and many more.
Below you can get all the information you need for sending money abroad from the UK and how Key Currency can help you.
Simple Steps to Transfer Money from the UK
Transferring your money from the UK to another country can be done with us at Key Currency through 4 simple steps.
Making us one of the most efficient money transfer services available.
Client Registration
If you’re new to Key Currency, you will need to register as a client.
Once completed, you won’t have to do this step again!
The registration includes an identification check where you will only need to provide:
- Name
- Address
- Passport Number
Secure an Exchange Rate
We make sure to find our customers the best exchange rate possible for their international money transfers.
Our team is always monitoring rates for all of the destinations and currencies that we cover.
They can inform you when rates are at their highest and a good time to transfer, saving you money in the process.
Once you approve the exchange rate, it will be locked and won’t change.
Send in Your Pounds
Next, send your Pounds to us.
This can be done through a domestic bank transfer.
We will have provided our details in an email confirmation sent to you.
We Convert and Send Your Money
When receive your Pounds, they will be converted by us into the correct currency for the international destination of your transfer.
Your new currency will then be sent to the foreign bank account that you have chosen, which can be either yours or someone else’s.
Done!
Transfer Your Money Worldwide from the UK
We can transfer money into 19 currencies.
Here are the currencies that we can transfer:
- Australian Dollar
- American Dollar
- British Pound Sterling
- Canadian Dollar
- Euro
- New Zealand Dollar
- United Arab Emirates Dirham
- Swiss Franc
- Saudi Riyal
- South African Rand
- Swedish Krona
- Singapore Dollar
- Danish Krone
- Japanese Yen
- Hong Kong Dollar
- Hungarian Forint
- Polish Zloty
- Thai Baht
How Long Will an International Money Transfer from the UK Take?
The time it takes to transfer money abroad from the UK and for it to arrive at the destination of your choice will usually take 1-5 working days.
This can be quicker for specific destinations.
It is worth noting that banks in different countries have processes that can cause an international bank transfer from the UK to take longer.
Other variables that affect money transfer times from the UK abroad include:
- Different Time Zones
- Weekends
- Converting the currency
- Fraud Prevention Measures
Our IBAN transfer times guidance will provide further information on the above.
At Key Currency, we can provide you with personal transfer updates and give you a clear indication of the best times to transfer from the UK.
This includes telling you how long your transfer will take.
We do not hide behind online chats; all our employees can be found on our website, so you always know who you’re talking to.
A Cost-effective Way to Transfer Money from the UK
The cost of an international money transfer is a combination of:
- Transfer Fees
- Exchange Rates
Say Goodbye to Transfer Fees
Most money transfer specialists and high street UK banks charge consistent transfer fees for sending money overseas.
These fees can range from £3-£40 depending on where you’re wanting to send your money.
At Key Currency, we don’t charge transfer fees on any money transfers from the UK.
Exchange Rate Savings Back to You
Exchange rates vary and depend on how much you are wanting to transfer abroad.
A bank will typically charge 2-5% more for exchange rates.
With lower overheads, we can charge a lot less on the exchange rate. We give these savings back to you.
We monitor exchange rates daily and can inform you of how rates are moving to suit your needs and requirements for sending money from the UK.
Ensuring Your Money is Secure
It is important to know that your money is safe and secure when you’re sending it internationally from the UK.
We are authorised and regulated by the FCA.
This means that we comply with regulatory rules and protections.
All the transactions that we make for our customers are done with safeguarded client accounts.
Your money is transferred safely and will arrive at the overseas account that you specify.
A Currency Broker You Can Trust
Building professional relationships with our customers is important for us at Key Currency.
We make sure that every part of the money transfer process is communicated to you.
Every customer has their contact that stays consistent throughout.
Our traders are constantly monitoring and securing the best exchange rates for you and your money, they will let you know when it is the right time to transfer.
We have a 5-star rating on Trustpilot from over 2,000 happy customers.
If you’re looking to transfer money from the UK then use us, at Key Currency, for an efficient, cost-effective, and safe transaction.