Making International Payment

lindabea

I need to send some money to my daughter's bank account in Dubai (Dirham account), but not sure what service to use.  Very reluctant to use my own UK bank account as I know this would be very expensive.  I came across a company called Keycurrency and was wondering if anyone here has used them and if they would recommend this company.   Not sure about using Wise as I don't like the sound of their ID verification process and whether or not I need to open an account just to make a possibly one-off transfer.  Would appreciate any advise please. 

adindas

lindabea said:

I need to send some money to my daughter's bank account in Dubai (Dirham account), but not sure what service to use.  Very reluctant to use my own UK bank account as I know this would be very expensive.  I came across a company called Keycurrency and was wondering if anyone here has used them and if they would recommend this company.   Not sure about using Wise as I don't like the sound of their ID verification process and whether or not I need to open an account just to make a possibly one-off transfer.  Would appreciate any advise please. 

It will depend on the amount of  money you will need to be converted and sent. There are already a few thread in this forum about this, the general concencus is using Wise, Fineco, or HSBC Global money account.

You could also research it from MSE.

https://www.moneysavingexpert.com/banking/foreign-currency-exchange/

km1500

Download the Wise app and try that

ToastLady

Have you had a look at Western Union? I've used this to send money online to Northern Cyprus for a small fee, it was much cheaper than a bank transfer. Also it's a bit cheaper to go through post office online, but you do have to register with Western Union either online or through an app. https://www.postoffice.co.uk/international-money-transfer

grumbler

WorldRemit is worth checking because of £30 cashback
https://www.topcashback.co.uk/world-remit-ltd/

LHW99

I've used CaxtonFX for European transfers. Don't know if they operate in worldwide currencies.