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Pay money abroad with ease
When you are sending or receiving money right away, whether it is a payment to friends or family or purchasing that dream holiday home, we will make it simple and send your money quickly and safely. Agree a great exchange rate online, via our app or over the phone and we’ll take care of the rest.
How to send money abroad
It’s quick and easy to set up your moneycorp account and send money abroad. Simply add funds to your online account then exchange up to 33 currencies with our best rate. You can then send money abroad to over 190 countries, with payments typically taking 2-3 working days.
Alternatively, you can process your overseas payment over the phone by speaking directly with one of our currency experts.
What details do I need to send money abroad?
The information you’ll need to pay money abroad will differ depending on the country to which you make the payment. However, the majority of overseas payments typically require the name of the account holder and their BIC / SWIFT code. In addition, numerous countries, particularly in Europe, require you to provide the recipient’s IBAN.
Your exchange options when sending payments abroad
We exchange money for your overseas payment with a spot contract, ensuring that we convert your funds at that time with the present exchange rate.
However, you may also secure a forward contract for your payment should you need to make a payment in the near future and wish to take advantage of a favourable rate. This contract ensures you receive the same rate, and may require a deposit, however locks in a prevailing exchange rate for your future trade.
Experts in sending payments abroad
Currency markets are constantly moving, and we know you value your time. Our team of dedicated foreign exchange managers can help you navigate the fast moving currency markets so you don’t have to when making payments abroad.
Our expert team are here to talk you through the specialist products and tools available to you, such as how to target a desired foreign exchange rate, so you can pay money abroad when it bests suits you.