How does International Money Transfer work?

If you wish to transfer money straight from your UK bank account, you can do so through your bank’s online banking platform. You will need to provide additional information, including the following:

  • The name and address and the destination country of the recipient of the money
  • The bank account number of the sender and the international bank account number
  • You will need to state the amount you wish to transfer, currency to which the money is to be converted.
  • Specify the party to settle the fees. Is it to be paid fully by the recipient or you or by both of you?

With this guide, you can now easily, cheaply and conveniently send money overseas stress-free. If you do not know yet how to go about it, you can contact an experienced Moneycorp expert on TorFX Currency Transfer or online money transfer service to help you.