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Currency exchange and money transfer options for expats Currency exchange and money transfer options for expats

Currency exchange and money transfer options for expats

Last updated: 22 November 2024 at 12:34

Currency exchange companies for people making international payments

We have collated a number of currency exchange companies that we believe offer expats around the world outstanding value and services for making international payments.

This list does not constitute advice or recommendations in any way, if you are in any doubt about whether to open an account, you should seek advice from an independent advisor who is suitable qualified and regulated to give financial advice before proceeding.

This list is not exhaustive and there may be other options available not included below. The companies listed below do not pay to be included in this list, but we may receive payment from the firms listed if you open an account. This is known as an affiliate link and is indicated with a * next to the company name.

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Moneycorp Personal Account *

Moneycorp provides a sleek and professional money transfer service, which screams reliability and value. A solid choice for anyone looking for confidence when sending money overseas. Simple, safe and secure international money transfers from a Feefo Platinum Trusted award-winning service.

Key facts

  • Competitive exchange rates and zero transfer fees
  • Feefo Platinum Trusted award-winning service
  • Dedicated account manager
  • Transfer funds online, by phone & in app 24/7
  • Dealing in foreign exchange since 1979
  • 120+ Currencies supported for both private individuals and corporate institutions
  • Fully licensed across the UK, EU and USA
  • Trustpilot rating: 4.6

Important Facts

  • Minimum Balance
    No minimum balance
  • Country restrictions
    Access to over 120 currencies
  • Fees and Charges
    No fees for foreign exchange rate and no monthly account fee
  • Application options
    Online
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TorFX Personal Transfers *

With headquarters in the south-west of the UK, TorFX are slightly different to many forex companies. With over £3bn traded per year and offices located around the world, TorFX are able to manage over 50,000 private clients as well as 4,000 corporate clients globally.

At a glance

  • Option of fixed exchange rates
  • Account manager for all private clients
  • 0% commission on money transfers
  • No transaction fees for money transfers
  • Online account

Fees and Charges

  • Forex Transfer fees
    None
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XE *

Founded in 1993 XE allow people to send and receive money across 200+ countries and territories in over 170+ currencies. You can also easily receive money by connecting a bank account or opt for cash pick-up at one of our 500,000 locations worldwide.

Perfect for people who

  • Transparent fees and pricing
  • Conversion fees incorporated in the exchange rates
  • Cheaper than sending money through your UK bank
  • Online account set up in minutes

Important Facts

  • Minimum Balance
    No minimum balance
  • Countries
    Over 200 countries/currencies 
  • Application options
    Online
  • Forex Transfer fees
    None
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Disclaimer

Please note that we are not recommending any specific forex companies. We cannot be held responsible for out-of-date information contained on these pages or external websites we link to.

We try to keep this page up to date, however from time to time our information may be out of date. If you spot an error, or have some feedback about the products on this page please email us at advice@expertsforexpats.com.

Before making any decisions about your finances, you should always seek independent advice.