If you want to send foreign currency from one country to another for business you need an international money transfer provider.
| Currency Broker | Account Types | Key Information | More Info |
|---|---|---|---|
| Personal Transfers: ✔️ Business Transfers: ✔️ Currency Forwards: ✔️ Currency Options: ❌ Personal Service: ✔️ Phone Dealing: ✔️ Online Platform: ✔️ | Total Currencies: 40 Min Transfer: £100 Max Transfer: None Customers: 325,000 Founded: 2004 Transfers: £7.5 billion a year HQ: Cornwall, UK | Get A Quote Compare Quotes | |
| Personal Transfers: ✔️ Business Transfers: ✔️ Currency Forwards: ✔️ Currency Options: ❌ Personal Service: ✔️ Phone Dealing: ✔️ Online Platform: ✔️ | Total Currencies: 40 Min Transfer: £100 Max Transfer: None Customers: 325,000 Founded: 1996 Transfers: £7.5 billion a year HQ: London, UK | Get A Quote Compare Quotes | |
| Personal Transfers: ✔️ Business Transfers: ✔️ Currency Forwards: ✔️ Currency Options: ❌ Personal Service: ✔️ Phone Dealing: ✔️ Online Platform: ✔️ | Total Currencies: 55 Min Transfer: £250 Max Transfer: None Customers: +1 million Founded: 1998 Transfers: £82 billion HQ: Sydney, Australia | Get A Quote Compare Quotes |
What are corporate currency transfer specialists?
Money transfer companies offer exchange rates that are much better than banks and because they specialise in foreign exchange the process is much more user friendly. Most established currency brokers do not charge a commission or any fee for paying the money to an international beneficiary.
How to compare business currency exchange & transfer rates?
The foreign exchange industry is very opaque in terms of pricing with some currency brokers still not offering fixed and transparent exchange rates.
So our comparison tables allow you to compare currency rates by showing how far from the mid market a currency broker set their client exchange rates.
Top Tip: Get your account open first, negotiate rates second. Why? All money transfer brokers have to conduct identity checks so opening an account can take some time. Make sure you don’t miss a great exchange rate and get your account in place well ahead of a transaction.
Here are more tips before you make a large currency transfer.
Questions to ask when you compare currency exchange and transfers?
- How from from the mid market are your exchange rates
- Does that include all fees
- Do you offer currency forwards
- How long does a currency transfer take
Compare currency brokers and their fees in our comparison
What to avoid when you compare currency transfers & brokers.
Always ensure that a currency broker is registered with the FCA. You can check the FCA register here for authorised firms.
If a broker does not tell you how far their exchange rates are from the mid-market avoid as they may widen the price.
Always ensure that your currency exchange broker confirms that rates are fixed. You may find that when you compare currency rates you get a preferential rate for your first trade.
Tools to help you compare business exchange rates
The best way to compare a currency rate you have been given by a broker is to ask another one. If you fell that you are not getting the best currency exchange rate simply ask another broker what the rate you have been given is.
For currency broker transfer fees see our comparison table.
Where to find the benchmark rate to compare currency rates
You can find the live mid market exchange rates on site such as Google Finance or Yahoo Finance. To look up an exchange rate simple type the exchange rate you want to compare and search for it online.
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