Sending money to family abroad

Tassie_Devil

Wise is good. 

Bighitter32

Another vote for WISE, quick, efficient and fair exchange rates.

AmityNeon

You could also try Zing, part of the global HSBC Group, but they're not a bank and are separate from HSBC UK Bank Plc.

Zing:

Wise:

subjecttocontract

Another vote for Currencies Direct who we use fairly regularly. Been very happy with them for many years.

sausage_time

Another +1 for a Wise.

poseidon1

Ninjak said:

I have two sons - one living in Norway and the other in Spain and after a sale of a house I want to send them £25,000 each. Bank exchange rate is much lower than using a money broker, as on a sum like this there can be as much as £600 difference if using e.g, Key Currency who are based in Truro.  They say they are regulated by the FSCS but when I looked on FSCS website they are not covered if the company went bust.  As I have never used  anything like this - How safe is it and has anyone had experience of this?

You will see a lot of thumbs up for Wise, and I would also recommend and go a stage further and recommend each of your sons set up their own Wise accounts to receive your gift.

They can decide whether to retain they gifts in sterling ( as gifted by you) , or convert all or some of their gifts into the host country currency.

If all three of you are then part of the Wise ecosphere, future gifts and inter family financial transactions become so much more easier and cost effective.