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Find the best deal on your
International Money Transfers

We guarantee to beat any competitor*
We help you compare rates
With our partner FX Firm

We guarantee to beat any competitor*
We help you compare rates
With our partner FX Firm

Calculate the best rate

90%

of our users would
recommend us to others!

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What makes us different Business Comparison is here to help business owners no matter how big or small.

We found that as business owners ourselves, finding the best option is not easy to do online. We felt we could do better and provide a service to all small-to-medium sized businesses.

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If you want to secure a better exchange rate than many high street banks can offer and cut out fees when sending money abroad for business or personal use then using a broker could be the best way forward for you. Read our terms and conditions to find out more.

When can International Money Transfers be used?

Whether for one off international payments or regular transactions overseas international money transfers (IMT) can be used to provide a quick, easy and cost effective way of sending money from one bank account to another in a different country. Comparing deals in both instances can help you secure a path that suits your business or personal needs. There is usually a minimum for the amount of money to be transferred.

What are the advantages?

Using a company through which to send your money abroad could in fact save you money as well as time. Transfers can be arranged easily online or over the phone and, in many cases, the funds will arrive at their foreign destination within a few days. Another appealing feature of IMT is that it is possible to fix future payments at the current exchange rate to eliminate the risk of fluctuations. Whether for one off international payments or regular transactions overseas international money transfers (IMT) can be used to provide a quick, easy and cost effective way of sending money from one bank account to another in a different country. Comparing deals in both instances can help you secure a path that suits your business or personal needs. There is usually a minimum for the amount of money to be transferred.

What are the disadvantages?

In order to qualify to use IMT you need to check that you are sending the required minimum amount of money overseas. In most cases this is around £250. Whichever company you use you will need to pay a fee. This fee may be charged up front or built in to the exchange rate. Either way, check the cost to you in source currency or the amount being received by the beneficiary to ascertain which provider is offering you the best deal.

Why compare International Money Transfers?

Finding the right deal for your company or for personal transactions can save you time, money and ensure peace of mind when transferring money abroad. On larger transfers in particular you can save thousands of pounds. So why not let us help you compare deals? We can show you how much you’ll get with our comparison tool.

Type in your requirements and find the best deal using our online comparison tool

  • Register with a broker

    A dealer will then get in contact with you to discuss the transfer, costs and exchange rate. If you are happy to proceed you can book the transaction there and then over the phone.

  • Pay

    Forward the amount directly from your bank account to the company organising the IMT. The broker will then send the funds electronically to the international account of your choice.

    Depending on the currency, the whole process shouldn’t take more than one or two days. In some instances, for example with Euros and US Dollars, the process is so quick that the beneficiary could receive the funds on the same day you open your account with the broker.

  • Protection for you

    Firms must operate within certain guidelines to protect customers and safeguard the funds. You should always check that the broker you have selected is regulated by the Financial Conduct Authority (FCA). Having peace of mind is vital when sending money overseas.

What else should you take into account?

  • Forward contract

    A forward contract allows you to secure today’s rate to effect the transfer of money at a date in the future. It’s important to take into consideration that, whilst this could work in your favour, it may also work against you. If the rate improves you are locked in at the pre-agreed price. You will need to put down a deposit for this service.

  • Limit orders

    You nominate your ideal exchange rate and when this is reached your broker will automatically buy the currency and transfer the funds. Many brokers insist on a minimum of £30,000 for this service. Some brokers set a minimum of £10,000. Below that they may set a ‘Rate Alert’ and contact a client if their target rate is achieved. They can then decide whether or not to buy at that price over the phone.

  • Regular payments

    The minimum payment for this tends to be around £250 but will vary depending on the foreign currency broker used so you should always check. The facilitation of regular payments is useful if, for example, you are paying a foreign mortgage, salary or school fees.

Please use FX Firm online comparison service. Should you have any queries, simply call the number on the comparison journey to help you get the right deal for your international money transfer.