Consulting Our Global Network to Get You the Best Deals…
We Found 9 Providers That Match Your Needs
Mid Market Rate – 1.34
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Our Top Pick for International Transfers
- Competitive exchange rates, often more favourable than banks, reducing transfer costs.
- No transfer fees, ensuring cost-efficiency.
- No maximum transfer limit.
- Flexible transfer options including spot contracts, forward contracts and market orders for different needs.
- A dedicated account manager to monitor markets and provide expert guidance.
- Same-day or next-day transfers for most currencies, improving cash flow management.
- Regular payments service,Ideal for recurring transfers, such as pensions or mortgage payments, with no fees.
- Ability to set alerts for favourable rates and automatic transfers when targets are met.
- User-friendly online platform and app giving you access to 24/7 transfers.
- Rate Improver Guarantee ensures highly competitive rates compared to other providers.
- Tailored solutions for businesses managing import/export payments, foreign payrolls, or repatriating earnings.
- Recurring payments feature is designed for transfers of between £500 and £10,000
- Must transfer at least £100 to access fee-free terms.
- Transfers may take up to two days for exotic currencies or locations.
- Advanced features like market orders may be unnecessary or overwhelming for small firms with simple transfer needs.
TorFX is a trusted foreign exchange provider, offering competitive rates and fee-free international money transfers for personal and business clients. Founded in 2004, it has served over 425,000 customers worldwide, processing more than £10 billion annually. With offices across the globe and award-winning customer service, TorFX combines a simple digital platform with personalised support to make money transfers seamless and secure.
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Zero transfer fees and/or preferential exchange rate on your first transfer
- Transfers to over 220 countries in 100+ currencies.
- Cash pickup options at 500,000+ locations.
- Card payments are processed almost instantly, and most bank transfers are same-day.
- Transparent pricing, with fees and exchange rates displayed upfront.
- Intuitive Xe app for managing transfers on the go.
- Real-time transfer tracking and alerts.
- Supports international payroll and supplier payments for business customers.
- FX risk management tools such as forward contracts, market orders, and option contracts.
- Integration with ERP systems like Dynamics 365 and Sage Intacct.
- No minimum transfer amount.
- Handles high-value transactions (up to £350,000 per transfer online).
- Some transfers may incur additional fees, especially for card payments.
- Bank and wire transfers can take up to 4 business days.
- Account setup and verification might take time based on documentation.
- No cash-to-cash transfers as it requires a bank, card, or digital wallet for funding transfers.
- Advanced tools like option contracts may be unnecessary for simpler needs.
- Integration into ERP systems may involve additional setup costs and effort.
- Entirely digital, which may not suit businesses preferring personal consultation.
- Business customers get free currency transfers between accounts under the same legal entity.
- Easy tracking of payment statuses with an option to share tracking details with beneficiaries.
- Ability to pay and receive payments in 40 major global currencies
- Flexible fee arrangements (BEN, SHA, OUR) allow businesses to decide who bears the transaction costs.
- Daily Personal payment limits of up to £10,000 accommodate most needs
- Option to make payments via mobile app, Digital Banking, branch, or by completing and faxing forms
- Same-day payments have strict deadlines (e.g., 2:00 pm)
- Personal Payments above £10,000 require forms or branch visits
- Restrictions for new payee (e.g., £750 per day limit) if biometrics aren’t registered.
- Lack of integration with accounting service or API’s
- International transfers only offered by bank transfer.
Royal Bank of Scotland offers secure, fast, and reliable fund transfers worldwide, supporting major global currencies.
For businesses, RBS provides robust tools for making foreign currency payments, including an integrated tracker to monitor transaction status, flexible fee-sharing arrangements, and urgent payment processing through its New Bankline platform.
Personal customers can make payments of up to £10,000 daily from the comfort of their homes, with biometric authentication providing an added layer of security. Premier banking customers enjoy additional options, such as phone-based international payments.
- Supports 50+ currencies and transfers to 170+ countries.
- No transaction fees when transferring with OFX UK.
- Transfers can be set up 24/7 via an app or online platform.
- Simple setup for recurring payments, allowing users to schedule transfers up to 12 months in advance.
- Offers tools like spot transfers, forward contracts, and limit orders to manage currency risks.
- Access market rate alerts to make informed transfer decisions.
- Supports SWIFT payments for smooth global business supplier payments.
- Multipay function allows bulk payments to up to 500 recipients simultaneously.
- Xero integration streamlines transfer reconciliation, reducing manual workload.
- Ability to automate payroll and supplier payments in over 50 currencies.
- Debit card payments are only available in the UK for transfers up to £5,000.
- Weekend rates may differ from weekday rates, potentially increasing costs.
- A £100 minimum transfer applies to major currencies to avoid additional intermediary fees.
- Forward contracts typically require a £20,000 minimum, limiting smaller businesses.
- Advanced tools like forward contracts and limit orders may be unnecessary or too complex for small businesses without international dealings.
- Integration is primarily focused on Xero, limiting broader ERP system compatibility.
OFX is a trusted global money transfer provider with over 25 years of experience helping businesses and individuals move money internationally. Operating in more than 170 countries and offering over 50 currencies, it combines an easy-to-use digital platform with 24/7 support from currency experts. Listed on the Australian Securities Exchange, OFX is backed by strong regulations to ensure secure and reliable transactions.
- Supports 30+ currencies for personal customers and 70+ currencies for Business customers.
- Offers comeptitive interbank rates offered during market hours.
- Personal customers can make peer transfers typically delivered in 20 seconds.
- Business tools like limit orders and FX forwards to lock rates up to 2 years.
- Advanced security measures including two-factor authentication, biometric login, and real-time fraud detection.
- Business customers get monthly allowances for fee-free exchanges, scaling with plans, whilst Personal customers can access discounted fees based on their plan
- Free bank transfers inside the SEPA region for Personal customers
- 0.6% fee applies to exchanges above Business plan limits.
- Weekend mark-up of 1% on currency exchanges outside market hours for most plans.
- Limited support for certain currencies and countries due to sanctions.
- Fee discounts and free transfer allowances depend on paid plans, with free-tier users having the lowest allowances and highest rates.
Revolut is a financial technology company offering flexible currency exchange, money transfer, and payment solutions, catering to both personal and business users.
Revolut Personal is used by over 50 million users and allows transfers in 70+ currencies to 160+ countries through various payment methods, including instant peer-to-peer payments.
Revolut Business is ideal for international companies who want to exchange money in 30+ currencies at interbank rates. Key features include tools like forward contracts and automatic orders, as well as fee-free monthly allowances for currency exchanges based on different subscription plans.
Both account types prioritise security, transparency, and user-friendly features, making Revolut a versatile choice for personal and professional financial needs.
- Offers real-time exchange rates sourced from Reuters, ensuring fairness.
- Supports payments to over 160 countries.
- Allows transfers starting at £1, ideal for small amounts.
- Most transactions are completed on the same day.
- Zero fees and favourable FX rates on the first transfer (£100–£2,999) for Personal users.
- Partnerships with tier-1 banks and adherence to international standards.
- No additional fees for cross-currency transfers via the business account.
- No hidden charges, and fees are displayed upfront.
- Pay up to 1,000 employees or multiple suppliers in local currencies simultaneously.
- Cheaper than traditional banks for international transfers.
- Quick transfer to Visa debit cards for urgent needs.
- User-friendly app available on iOS and Android for seamless money transfers
- Earn and redeem InstaPoints for discounts on future transfers.
- Cash pickup is only available in the Philippines
- InstaPoints can only be redeemed for transfers above £500.
- Nominal fees are charged for same-currency transactions.
- Fees for cross-currency transfers depend on the partner bank.
Instarem is a fintech company founded in 2014, focused on making international money transfers simple and efficient for both individuals and businesses. Operating in over 60 countries, it offers a user-friendly platform with competitive exchange rates and low fees. As part of Nium Pte. Ltd., Instarem is regulated globally, ensuring secure and reliable financial services for its customers.
- Competitive exchange rates, often more favourable than banks, reducing transfer costs.
- No transfer fees, ensuring cost-efficiency.
- No maximum transfer limit.
- Flexible transfer options including spot contracts, forward contracts and market orders for different needs.
- A dedicated account manager to monitor markets and provide expert guidance.
- Same-day or next-day transfers for most currencies, improving cash flow management.
- Regular payments service,Ideal for recurring transfers, such as pensions or mortgage payments, with no fees.
- Ability to set alerts for favourable rates and automatic transfers when targets are met.
- User-friendly online platform and app giving you access to 24/7 transfers.
- Rate Improver Guarantee ensures highly competitive rates compared to other providers.
- Tailored solutions for businesses managing import/export payments, foreign payrolls, or repatriating earnings.
- Recurring payments feature is designed for transfers of between £500 and £10,000
- Must transfer at least £100 to access fee-free terms.
- Transfers may take up to two days for exotic currencies or locations.
- Advanced features like market orders may be unnecessary or overwhelming for small firms with simple transfer needs.
TorFX is a trusted foreign exchange provider, offering competitive rates and fee-free international money transfers for personal and business clients. Founded in 2004, it has served over 425,000 customers worldwide, processing more than £10 billion annually. With offices across the globe and award-winning customer service, TorFX combines a simple digital platform with personalised support to make money transfers seamless and secure.
- Sending money to 40 currencies and 200 countries.
- Transparent fees and no hidden charges
- Uses real mid-market rates, ensuring fairness and avoiding markups.
- Offers same-day or even instant transfers on many routes, with updates and tracking available.
- Multiple payment methods (e.g., debit/credit cards, bank transfers, mobile wallets)
- Send up to £1 million per transaction depending on payment method.
- Guaranteed Rates locks in exchange rates for a set time to protect against currency fluctuations
- Features like 2-factor authentication and funds stored with established financial institutions for added safety.
- Manage transfers, check exchange rates, and repeat transactions easily from one platform.
- Seamlessly connects with accounting platforms like Xero, QuickBooks, and Shopify for easier financial management.
- Streamline recurring payments and manage expenses all from one account
- Receive email notifications when exchange rates are favourable
- Transfers involving less commonly used currencies or bank transfers can take up to 3 working days.
- Dynamic fees may apply for certain currencies or during volatile market conditions.
- Wise does not accept cash or cheque payments, limiting accessibility for some users.
- Rates are only guaranteed for a limited time, requiring prompt payments
- Certain specialised transaction types, like For Further Credit (FFC) payments, are not supported.
Wise, formerly TransferWise, makes international money transfers simple and affordable for individuals and businesses. Operating in over 160 countries with support for 40+ currencies, it offers competitive exchange rates and low, transparent fees. Most transfers arrive within one day, and some even instantly, through a secure and user-friendly platform. Regulated by the FCA in the UK, Wise ensures safe and reliable transactions.
- No transfers fees, making it cost-effective compared to banks.
- Offers better rates than banks by buying currency in bulk and passing savings to customers.
- A dedicated account manager to assist with transfers and timing decisions.
- High compliance standards, FCA regulation, and safeguarding of client funds.
- 24/7 transfers via app, online platform, or phone.
- Ability to send money to over 120 countries in 40+ currencies.
- Set target rates with automated execution when the market hits the desired level.
- Forward contracts and market orders enable businesses to lock in favourable rates.
- Email/SMS alerts and insights from currency analysts.
- API and Xero integrations simplify workflows and automates payments
- The exchange rate includes a margin which might not always be the lowest.
- Smaller transfers may not benefit as much from the personalised approach
- Online transfers are capped at £500,000; larger transfers require phone assistance.
- Limited to digital and bank transfers.
- need to iNeed to invest time in understanding currency management tools like forwards, rate fixing and market orders
Currencies Direct offers personal and business customers the ability to send funds to over 120 countries in 40+ currencies.
They provide a cost-effective alternative to traditional banks by offering competitive exchange rates and eliminating transfer fees on most transactions. Their service is designed to combine security, convenience, and value, ensuring money reaches its destination quickly and efficiently.
Each customer is assigned a dedicated account manager to provide expert guidance, making it particularly beneficial for larger transfers. With a 24/7 online platform, mobile app, and secure digital wallets, individuals have complete control over their money transfers.
- Transfers to over 220 countries in 100+ currencies.
- Cash pickup options at 500,000+ locations.
- Card payments are processed almost instantly, and most bank transfers are same-day.
- Transparent pricing, with fees and exchange rates displayed upfront.
- Intuitive Xe app for managing transfers on the go.
- Real-time transfer tracking and alerts.
- Supports international payroll and supplier payments for business customers.
- FX risk management tools such as forward contracts, market orders, and option contracts.
- Integration with ERP systems like Dynamics 365 and Sage Intacct.
- No minimum transfer amount.
- Handles high-value transactions (up to £350,000 per transfer online).
- Some transfers may incur additional fees, especially for card payments.
- Bank and wire transfers can take up to 4 business days.
- Account setup and verification might take time based on documentation.
- No cash-to-cash transfers as it requires a bank, card, or digital wallet for funding transfers.
- Advanced tools like option contracts may be unnecessary for simpler needs.
- Integration into ERP systems may involve additional setup costs and effort.
- Entirely digital, which may not suit businesses preferring personal consultation.
- Operates in over 200 countries and territories
- Multiple options for receivers, including cash pickup, bank transfers, and mobile wallets
- Transfers can be funded through bank accounts, debit/credit cards, or cash at agent locations
- Cash pickups can be completed in minutes in many cases
- Mobile app with features like rate checking, real-time tracking, and mobile top-ups.
- Users can send up to £4,000 for cash pickups and £50,000 via bank transfer after identity verification.
- Western Union’s transfer fees can be higher than those of competitors
- Exchange rates offered by Western Union often include a markup, which might be less favourable
- Non-verified users are limited to sending up to £800 within five days
- Cash pickups depend on the business hours of the local receiving agent location
Western Union is a global leader in moving money and payments across borders, connecting people and businesses in over 200 countries and territories. Founded in 1851, it has grown from its roots in telegraphy to become a trusted name in financial services worldwide. Based in Denver, Colorado, Western Union continues to innovate, offering solutions that meet the ever-changing needs of its customers.
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Currency Expert’s Recommendations
for Sending Money from United Kingdom to United States
The most affordable money transfer service available today might not retain its low-cost status tomorrow. To select the service that aligns best with your requirements and preferences, assess the top-performing options on our real-time rates engine for the past 30 days for transfers from the United Kingdom to United States.
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Learn More about Sending Money from United Kingdom to United States
We found 9 providers offering money transfer from United Kingdom to United States. The cheapest provider we found is OFX. With this provider, you’ll be able to transfer money as fast as in a few minutes.
- Providers Found – 9
- Cheapest Provider – OFX
- Fastest Transfer Time – TorFX (0 to 2 Days)
- Pay-in Options – Bank Transfer, Credit Card, Debit Card, Direct Transfer, , Bank Deposit, Card Transfer, Cheque, Wallet, SWIFT Transfer, Mobile Wallets, Balance, Bank transfer, Direct Debit, ACH, Wire Transfer, Cash
- Pay-out Options – Bank Transfer, Bank Deposit, Card Transfer, Peer Transfers, Wallet Transfers, Cash Pickup, Debit Card Transfer, Mobile Wallet, Bank Withdrawal
- We Recommend – Western Union
Find the Best Deal to Send Your Money
Our Assessment Method
Our mission is to help you find the best money transfer provider for your needs. To achieve this, we employ a rigorous and ongoing evaluation method.
We constantly monitor the top money transfer providers, ensuring that our recommendations reflect the latest offers, pricing, and service updates. Our approach goes beyond surface-level overviews. We conduct an in-depth analysis of all the factors that matter to you, including:
- Exchange Rates: Reviewing live rates to help you maximise your transfers.
- Fees: Breaking down hidden costs and transparent pricing.
- Speed: Evaluating how quickly transfers are completed.
- Ease of Use: Reviewing apps, websites, and customer service.
- Security: Ensuring your money is safe and the provider is reputable.
- Coverage: Checking which countries and currencies are supported.
This allows us to present the most relevant and tailored results, no matter your unique situation. By choosing us, you can feel confident that you’re making informed decisions with the best data available.
Understanding the
Mid-Market Rate
The mid-market rate, also known as the interbank rate, is the midpoint between the buying and selling prices of two currencies in the global market. It’s considered the most accurate and fair rate for currency exchange.
However, when transferring money, banks and exchange services usually don’t offer the mid-market rate to customers. Instead, they add a markup for profit, meaning the rate you get for a money transfer is often less favourable.
For accurate and up-to-date information, we use XE’s mid-market rate API.
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At Currency Expert, we recognise that navigating the world of currency exchange and international money transfers can be daunting. With an abundance of providers, varying rates, and often complex fee structures, finding the right service for your needs is a critical but challenging task. This is where we come in.
Our mission at Currency Expert is to simplify this process, providing you with clear, unbiased assessments of money transfer providers. Our approach is rooted in a commitment to trust and transparency, ensuring that you have all the necessary information to make informed financial decisions.
Experience
Currency Expert is backed by a team of professionals who bring decades of experience in the finance and currency exchange sectors.
Insights
We believe in giving you a complete picture of the market. By evaluating a wide range of money transfer providers, we ensure that you have access to a diverse selection of options.
Results
Your financial advantage is our priority. We are constantly analysing the market to keep our information up-to-date, helping you to make decisions that are both financially sound and efficient.
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