Spot Contract

A Spot Contract is a basic, instant money transfer. Made "on the spot" it uses the current exchange rate.

Forward Contract

A Forward Contract is a buy now, transfer later option. When the transfer is ordered the current exchange rate is locked in place for the future transfer.

Limit Order

A Limit Order is a transfer in place that is only triggered when the exchange rate reaches a certain level.

The risk with a Forward Contract and a Limit Order is that the exchange rate could go in the opposite way to that which is desired.

Transfering money overseas to purchase property

Using a good money transfer company for an overseas property transaction is essential.

Whether you are buying, selling or investing the right transfer will save you a lot of money, time and hassle. Don't leave it to the last moment. We recommend you register with a transfer company early and start a dialogue with your account manager who will advise on the options available, depending on the state of the currency markets.

If you are buying and find your dream house the chances are you will need to transfer money quickly to secure the deposit. Maximum 2 days with a transfer company whereas a high street bank will take longer and cost you a lot more (remember until this deposit is paid you risk loosing the property).

Otherwise you will proabaly have more time to transfer your money and this is where the transfer professionals excel:

• Very competitive exchange rates

  • Options to wait for the rate to move in your favour

• Low or no fees

• Fixed rate transfers

• Fast transfers

Transfer companies offer more options than the banks. Which option is best for you depends on the circumstances: currency and the markets. The goal is to get you the best deal possible and save money!

FundsAbroad recommendations for purchasing property overseas:

The CurrencyFair Wallet is perfect to be in a position to transfer a deposit quickly. Otherwise CurrencyFair offers rate alerts and a limit order contract to wait for the best moment to make a money transfer. Support with CurrencyFair is all on-line.

OFX offers forward contracts and limit orders to maximise your transfer. You will have an account manager to advise and 24/7 telephone or email support.

TorFX offers forward contracts, limit orders and a stop loss order to maximise your transfer. You will have an account manager to advise with telephone or email support (limited to working hours).

We present clearly and precisely the pros and cons of the TOP international money transfer companies; helping you find the best deal available.

There are lots of money transfer companies and it is difcult to know who to trust your money with. At FundsAbroad we have studied lots of these transfer companies.and present on this site our top five. Below are the criterias we looked for in each company :

Trust

The company credentials

FundsAbroad.com only recommends companies that are established, with a solid track record and regulated. You can rest assured that your money is in safe hands during the transfer.

Efficiency

How long does it take?

All the money transfer companies featured in the FundsAbroad.com website provide the quickest international transfers available. They are all much quicker than any high street banks.

Value

How much does it cost?

The money transfer companies FundsAbroad.com recommends are the most competitive in the market. They are all much more effiecient and cheaper than banks, saving you time and money.

Currencies Available

What countries does the company serve?

Find out quickly which countries or currencies are covered by the financial transfer companies featured on FundsAbroad.com.

Signing Up

How to proceed and how do you get your funds to the transfer company

So you've found your perfect transfer company. What's needed to set up an account? How can you get your money to the transfer company and how is the money paid out?

We are the money transfer service for hard-working people.

We believe you deserve more, which is why we offer great rates, low fees and a hassle-free way to send money abroad.

Provider Type: Forex

Regulators: 3D Secure; Financial Conduct Authority (FCA); licensed by HMRC (Her Majesty’s Revenue and Customs); certified by German Technischer Überwachungsverein, Technical Inspection Association (TUV).

HQ: London, United Kingdom

Founded: 2012

Languages: English, French, German, Italian, Polish, Portuguese, Romanian, Russian, Spanish, 

Customer Service: Email and Chat (9am-6pm GMT)

Tech: Website and mobile app

Funds to Azimo: Bank Transfer or Credit/Debit Card

Funds from Azimo: Bank Transfer, Cash, Mobile Money

Transparent fees and competative rates. As an on-line company Azimo has reduced overheads and is a lot cheaper than banks. At the same time Azimo has found partnerships with many large bank groups to offer cash pick-up points.

Exchange rates charged by Azimo range between 0.1 - 2.25%, banks charge 5 - 10%. Equally Azimos fees are low, about a fifth of a banks fees. Expect an additional fee for paying through a credit/debit card.

Azimo states that in most cases transfers are completed the same day. However, an exact delivery time is given upon requesting the transfer, as it depends on countries/currencies involved and the method of payment. 

Delivery time is calculated in working days and excludes holidays - so a transfer initiated on a Friday afternoon may only be processed the following Monday morning.

You can only send money FROM the UK, the Eurozone, Sweden, Norway, Denmark, Switzerland and Poland.

Azimo transfers to the following countries and currencies (some local currencies are not accepted, if this is the case the currency code is not displayed. Transfers are still possible but in EUR, AUD or USD).

Registration to Azimo is free and can be completed online within minutes. Proof of address is required.

You can pay into your Azimo account by bank transfer or by credit card (there may be additional charges for credit/debit cards).

Azimo will transfer into another bank or as cash to one of 300,000 collection points or as Mobile Money (Mobile wallet transfers or Mobile airtime top-up).

Take Me to Azimo