Send money from Canada to UK

If you’re like millions of other people across the globe, at some point you will probably need to send a foreign currency transfer, either for a friend or family member living overseas, making a college tuition payment or payment to a vendor or business, or to purchase real estate. Whatever your reason, there are a wide variety of money transfer agencies that can help you. One of the fastest growing wire transfer markets is between Canada and the UK, as citizens from these countries travel back and forth commonly. If you need to send money from Canada to UK – perhaps you are emigrating? – an online money transfer company may be the best way to transfer money overseas.

In Canada, there are a number of traditional and online money transfer companies that can provide you options for a money transfer to the UK. Depending on what is most important to you and what services you’re looking for, you should easily be able to find a good fit for your needs. Most of these online transfer providers offer small- or no-fee wire transfer options, though sometimes this is dependent on how much you’re sending. The larger your money fund transfer amount, the more likely that you won’t be charged a fee for your transaction. If there is a fee, it is normally much less than what you would pay at a bank or financial institution. While an average bank fee for a wire transfer is normally around $30, a typical online transfer may cost you about $5, or less. It is also important to compare foreign currency rates to find the best one. Most of these companies can offer an exchange rate that is as good as, or better, than what you could find at a bank. As with the fee, money transfer providers will typically offer you a better exchange rate the higher your wire transfer amount.

The best money transfer service can also provide a variety of benefits and services to make your online money transfer an easy process. Online money transfer providers give you the ability to track your transaction every step of the way, giving you the security of knowing where your money is and when it’s reached your recipient’s account. This provides a level of transparency and gives you needed information in case anything goes wrong. You can request email or text notifications when your money is sent, as well as when it is received, into your recipient’s account in the UK. You can also have a text message sent to your recipient notifying them when the money has arrived in their account. Online providers also give you the ability to order pending or historical transaction reports so that you have quick access to all your account activity. Online transfers may also arrive at your recipient's bank faster than traditional money transfers and can be set up as an automated, repeatable process. This saves time because you set up the transaction only once. It can then be repeated when, and as often, as you choose.

When researching all of these money transfer options to send money from Canada to UK, please make sure to choose a money transfer service provider that is regulated by the Canadian authority, Fintrac, and follows all applicable rules and regulations if your provider is based in Canada. This will help ensure that your funds are protected and sent safely and legally to their intended recipient in the UK.