Learn How To Send an International Bank Transfer Online from the UK

If your family needs support back home or you want to reimburse a friend, being able to transfer money online is essential. Transferring money online is an excellent way for Brits to send larger amounts of money directly to a recipient’s mobile wallet or bank account. With the rise of online banking and digital money transfers, it’s easier than ever.

What is a Bank Transfer?

In simple terms, it’s either transferring funds directly from one bank account to another or making an electronic payment using a money transfer service. In some cases, you might not be sending the money to a bank account but to a digital wallet instead. In the United States, bank transfers are referred to as “wire transfers“. Both refer to the same process.

How to Transfer Money Online Securely

Safety first. Unfortunately, wire transfer scams are common, often targeting immigrants, young people, and the elderly. Fortunately, banks and money transfer companies are heavily regulated and follow strict safety standards. Even so, it’s important to take precautions.

The following tips will help you stay safe:

• Use two-factor authentication when using mobile apps.
• Log out of websites if you’re using a public computer.
• Only use your own phone for mobile transfers.
• Use a secure Wi-Fi or data connection if possible.
• Check that your chosen service offers strong account security.
• Avoid sending payments to people you don’t know.
• Never share your account information with anyone.

By taking these steps, you can ensure a secure transfer experience.

Choosing a Money Transfer Service

Your choice of service depends on whether you’re sending money domestically or internationally.

• For international transfers, popular options include Remitly, Western Union, and MoneyGram.
• Some mobile wallets like M-Pesa in Africa or GCash in the Philippines are convenient for recipients who already use these services.

Transferring directly from your bank account is another option, although this can sometimes be more expensive than app-based solutions. Banks may also allow you to make electronic payments through systems like the Faster Payments Service or SEPA for transfers within Europe.

Here are some questions to ask when selecting a money transfer provider:

• How long will it take? Some transfers are instant, while others can take several business days.
• What payment methods are available? Options might include debit card, credit card, bank transfer, or digital wallet.
• How will your recipient receive the money? Options include bank transfers, cash pick-up locations, or mobile wallets.
• What are the transfer limits? This is important if you’re sending larger sums.
• Does the provider offer good customer support? Look for 24/7 assistance or live chat.
• Are the fees reasonable?

What fees should you expect?

Before choosing a service, understand the fees involved—especially for international transfers.

Check for:

• Transfer fees: These vary by service and payment method.
• Exchange rate mark-ups: Some providers charge hidden fees by offering less favourable exchange rates.

To ensure transparency, compare rates and fees from different providers. For instance, Remitly offers competitive rates and low fees, which you can check by logging into their app or website.

Required Information To Transfer Money Using an App

If you’re making a domestic transfer with an app, the process is often quick and straightforward. Most apps require you to sign up, add a payment method, and verify your details. From there, you’ll typically only need your recipient’s email address or phone number to send money.

For international transfers, additional information is often required to verify your identity. Enter all details exactly as they appear on your ID to avoid delays.

Here’s what you may need to provide:

• Your full name (as it appears on your ID)
• Your phone number and address
• Your date of birth
• Payment details (e.g., bank account or card numbers)

For the recipient, ensure you have:

• Their full name (matching their ID)
• Their address
• Their phone number

Required Information For a Bank Transfer

For domestic bank transfers within the UK, you’ll need the recipient’s bank account number, sort code, and name.

For international transfers, you’ll also need the recipient’s:

• IBAN (International Bank Account Number)
• SWIFT/BIC code
• Name and address

Double-check the amount you’re sending, and be aware that exchange rates can fluctuate. Choose a provider offering fair rates to ensure your recipient gets the most value. Once you’ve entered all the details, review the information carefully before confirming the transfer. Most bank transfers cannot be reversed once completed.

Making the right money moves

Sending money to friends and family can be straightforward when you choose a reputable provider and follow the correct steps. With the right service, your recipient may receive their money in just minutes or within the same day.

If you need to send money abroad, Remitly makes international transfers faster, easier, and more affordable. Trusted by over 5 million people globally, their reliable app ensures a smooth experience.