International money transfer resources

Send money to UK

Article by Mozo

Wanna shout nan and her friends to a pub lunch for her birthday? Aren’t you lovely! Or her favourite. Whatever the situation, if you want to transfer money online from Australia to anywhere in the United Kingdom, you can. All you need is the right information like nan’s account name, number and a few other important details that we’ll go into later, and away you go! Well, not you, the money you’re about to transfer as a gift.

Mozo makes transferring money to the UK fast and easy - from comparing international money transfer provider rates and fees to answering FAQs about money transfers. If you’re after information on transferring money to pounds for an upcoming holiday, this isn’t the section for you. Head on over to Mozo’s Travel Money section to read up on the money dos and don’ts when travelling and find the best travel cards and exchange rates.

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Just select the amount of Australian dollars you want to exchange and Mozo’s IMT comparison tool will give you an estimate of how many Pounds you’ll get with today’s exchange rates. Our service updates GBP exchange rates every hour.

FAQs about transferring money to the UK.

How do I actually transfer money to the UK

An IMT or an International Money Transfer is possible when you transfer money from account to account. Converting Australian dollars to English pounds means you can transfer them anywhere in the UK. England? Ireland? Scotland? Wales? Wherever you need to send money, an IMT to the UK is one of the easiest transfers you could do, but you’ll need know the recipient’s account details as well as their bank’s ID numbers.

The bests part about needing so many different numbers to not only identify you and your bank but your recipient’s is that the transfer is very traceable. It will surely give you reassurance that the transfer is safe. You can use one of the following agents to wire your money to the UK:


Banks are great. We grew up with them. We know them. We ‘get them’. But they don’t always ‘get’ us. That’s why Mozo’s here, to let you know about other options. We’re not biased to any one kind of provider or financial agent. Just informative. And so we want to inform you of what’s out there so you don’t continue going down the same old predictable financial route.

For some it’s on repeat. Like a broken record. For others it’s more exciting and enticing and disruptive, because the alternative financial providers want to shake things up for you. So try another institution. You may even pocket a little cash for yourself while you’re at it.

Pros: Respectable brands you’ve known for years.

Cons: Usually higher transfer fees than other agents or financial providers. May not be convenient with their availability, especially if you can’t visit a branch during business hours.

Foreign Exchange Specialist

Also known as Specialist FX, these are companies that specialise in foreign exchange. Since they exchange foreign currency all the time, it means that they may have a better rate than others, especially banks.

Online IMT and foreign exchange providers like OFX and AFEX pride themselves in offering elite service without the price tag. As a brief overview, these types of providers are happy to transfer large or small amounts while giving you the same excellent attention and service all the way. What’s more, their fast and safe online service is available all day, all night.

Pros: Safe and fast and cheaper international money transfer

Cons: Even though they are trusted alternative brands in they may not always pass on the exchange rate you’re looking for.

How can I send money to the UK?

Will you walk in to a bank? Use a Foreign Exchange Specialist? Or take a punt and do it yourself online? Well, if you’re reading this then you’ve got internet access and have a PC of sorts. That means you’re more than capable of sending money to nan or whoever it may be to the UK online, and on your own.

Don’t worry. Your transaction can’t get lost. Reason being, each number supplied is sensitive to an individual account and can only identify one person or party and can’t be confused with any other person’s account. This means, that if you have the wrong BIC or SWIFT code for your recipient, the money won’t transfer and will bounce right back on your side.

Remember, online transfers are available 24/7 which means that there’s likely to be online help available round the clock too. Want to double check if the BIC or SWIFT code is correct? That’s easy! Log onto to see if you’re on the right track.

What happens when you transfer money to the UK?

  • Decide on how much money you will transfer
  • Provide your ID to transfer money
  • A fee may be charged to handle the transfer
  • A percentage of the amount transferred may be charged on top as an additional fee
  • A SWIFT code may be required to identify your recipient’s bank location in the UK
  • Recipient will need to provide ID to receive money
  • Money should be received from 1-3 days.

Can I make a one-off transfer to the UK?

Yes, you can make a one off transfer or set up regular payments. The FX finance agents don’t mind either way. What you need to think about is who will give you the best offer for the amount you need to send to the UK. Not only that - is time a factor? Is the money a gift or is it an emergency? The finance provider or IMT agent may be a determined by how urgent the delivery needs to be. If not, then there’s no need to panic! Sit back and let the transfer take its course, anywhere from immediately to days, depending on your final decision.

Ask around friends, colleagues and family. Who do they use? Have you even considered using PayPal? Certainly a popular online agent for one-off transfers. Do a bit of research to see if PayPal will suit you too. Who knows, may even suit regular payments or transfers to the UK.

When comparing money transfer agents - what should I look out for?

There are so many international money transfer providers available, so it can be a little confusing to begin with. But after you’ve done a little reading here and there about who provides what service at what rate, and how long it takes for the money you wire to get to your recipient, you’ll soon get the hang of it. Who knows, maybe you’ll even become an expert! Alrighty, enough of that, here are some differences between IMT agents that may even help you save money in the long run:

  • Limits: some banks or money transfer agents have high minimum transfers, others have $0. So if you don’t want to transfer the required amount, you don’t have to. Have a look around to get an overview of what service will support your budget and how much you want to send.
  • Rates: money agents make their money with the rates and fees they charge. Without their excellent and safe service, we wouldn’t be able to transfer money to the UK with ease, convenience and peace of mind. That includes rates and fees charged with online transactions. Even though there are less overheads in running an online business, you will still need to expect to pay toward the maintenance of their site and the 24/7 enquiry line if they have one.
  • Transfer speed: not every IMT agent transfer money to your desired destination at the same time. They can’t guarantee a time either. You’ll find an estimated time period is offered instead. So you’re better off planning ahead of time rather than waiting last minute to transfer money, in case there are any delays. That being said, you can transfer money using an online IMT service from a bank or agent 24/7. Look around to see who best suits your needs.
  • Fees: it’s nice to know that some banks are coming to the plate and reducing their fees when it comes to transferring money to the United Kingdom. They are wanting to become more competitive in the market which is a great move. But don’t take our word for it! Your trusty bank may still be more expensive when it comes to international money transfers, so it’s a good idea to compare between the alternative agents and financial providers. Could save you a bundle!
  • Online vs phone or in person: It’s a no brainer that international money transfers processed online are likely to be cheaper. As mentioned before, less overheads and the like can keep prices down.

But if you’re more of a traditionalist and prefer one-on-one service, then you may prefer over the phone assistance or a transfer made in a branch, if you don’t mind paying a little extra for the service that is. Or dare yourself to trying something a little different like an online transaction. You might even surprise yourself!

How do I set up an international money transfer?

Firstly, you need to decide which direction you will take - online, in person or over the phone?

Working this out first, will determine your best next steps.

  • Will you be logging on to your online bank account or app?
  • Visiting a branch?
  • Filling out a form online?

Whichever way you choose to transfer money to the UK, some crucial bits of information you’ll need for a successful transfer include:

  • Full name and address of the recipient’s bank
  • Recipient's name, address and account name
  • Account number or International Bank Account Number (IBAN)
  • SWIFT/BIC code of your personal account you're transferring funds from
  • Amount you would like to send.

IMT must-know terminology

BIC - Bank Identification Code

SWIFT - Society for Worldwide Interbank Financial Telecommunication

IBAN - International bank account number

Recipient - The person or party who receives the money being transferred

IMT - International money transfer

IMO - International money order.

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