What to check
There are two main costs to look out for when making international payments:
- Exchange rate: there will be a difference between how much a bank buys its currency for and how much they sell it to you for, known as the spread.
- Fees: most banks will also charge a fee for their service, which can vary depending on a range of factors.
When looking at how much you will actually get for your money, it’s worth taking both of these costs into consideration.
We regularly compare our costs against the main high street banks in the UK to make sure that our overall price (including bank charges, exchange rates and other fees) is better. There are two ways we can help:
- Our fees are simple
There is a £9 fee for transfers under £2,500. There are no fees for transfers over this amount*.
- Our rates are highly competitive
To get an idea of how much you could save, have a look at our most recent rate comparison.