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UK Money Transfer - Transfer Money to The UK, Transfer Money From the UK - We are all about helping you make the right call when it comes to executing a UK money transfer order. Be your detination in Europe, the US, Australia, or pretty much anywhere for that matter, Money Transfer UK will help you make the right call.

Money Transfer to the UK


Our money transfer partners have told us that one of the more popular reasons retail clients will be making a money transfer to the UK in 2011 will be to finance university tuition.

The other popular reasons for transferring money to the UK are:

  • Large purchases abroad such as stocks and shares, property, boats, cars etc.

 

  • Regular transfers, pension transfers, overseas mortgage payments, salary transfers etc.

 

  • Smaller one-off transfers, topping up an overseas bank account, transfers to family etc

 

Money Transfer from the UK

We are finding that the key reason for transferring money from the UK abroad by retail clients is to finance foreign property purchases.

Our money transfer partners tell us that Spain is the most popular destination at present while transferring money to Australia is also popular.

Other reasons for transferring money from the UK are:

  • Regular transfers for pensions, mortgage payments.

 

  • Share purchases Smaller one-off transfers, topping up an overseas bank account,

 

  • Transfers to family.

Banks vs Foreign Exchange Specialists

Should I go with my bank when it comes to transferring money in and out of the UK?


You could certainly go with your bank when it comes to transferring money in and out of the UK.

However, as the Money Transfer UK comparison tool shows, you are not likely to get the optimum exchange rate.

The reason is because this is not a core area of traditional banking - where foreign exchange specialists are dedicated to moving money across borders and employ specialist 'hedging' techniques to do so, banks simply don't have the resources to devote to the retail client.

Simply put, they are not nimble enough.