How to get the best exchange rate when sending money

Getting the most from a transfer is less about finding a headline rate and more about comparing the right number: how much your recipient actually receives.

1. Compare the received amount

Rank providers by what lands in your recipient's account after fees — not by the fee or the advertised rate alone. Small differences in the rate add up quickly on larger sums.

2. Fund cheaply

Bank transfer (open banking) is usually the cheapest way to fund a transfer. Debit and credit cards typically add a fee — sometimes a percentage — so use them only when you need the speed or convenience.

3. Understand promo rates

New-customer promotional rates are often the cheapest option for a first transfer, but they do not apply after that. Existing-customer pricing is a better guide to ongoing cost.

4. Check the payout fees

Some providers charge different fees depending on how the recipient is paid. A free bank deposit can beat a “cheap” cash pickup once the payout fee is counted.

5. Send in fewer, larger transfers

Fixed fees hit small transfers proportionally harder. Where it suits your recipient, combining transfers can reduce the overall cost.

Ready to compare? Open the full comparison and pick your route, amount and payout method.