There are many ways to send money overseas and lots of firms competing for your business, including banks, transfer money abroad firms and foreign exchange (FX) brokers.
Choosing how to exchange your money
The best way to send money overseas depends on a number of factors including:
• How much you are sending.
• How much it is going to cost.
• How often you are sending it.
• How the person wants to receive it.
• How quickly the money needs to get there.