There are many reasons why people choose to send money abroad, be they personal or business. You may want to buy an item from an overseas seller or you may need to find a way to pay freelancers or business partners the money they are owed. Alternatively, you might want to set up a regular payment to transfer your own pension or other revenue source into an overseas account.

Buying products or paying for services from abroad poses a number of challenges, even in the modern, technological, and supposedly more unified world we live in. Banking times and transfers may have improved considerably here in the UK but you won’t enjoy same day payments to bank accounts in other countries that you enjoy to UK banks.

If you have moved abroad but still receive a UK pension then you will want to find a financially beneficial and convenient means of sending money from the UK to your overseas bank account and an online foreign exchange account is an ideal means to send money abroad regularly or as a one off payment. You can track exchange rates, manage your transfers, and make payments all from your Internet enabled computer making it simple and convenient as well as affordable.