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Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours
Our global support team is available around the clock - 24 hours a day, 7 days a week
How to send money to the U.K.
Gather the relevant banking information of your recipient including the name on the account, the Bank Sort Code (BSC) and bank account number.
Create an online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Select ‘finalize transaction’ to process your payment.
It’s easy and affordable to send money to the U.K. using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to the U.K., keep in mind that different tax regulations may apply depending on many factors including:
how the money is going to be used
how much you are sending
the source of the funds
if you’ve paid tax on the funds elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums as a gift.
How to send money to the U.K. at a great exchange rateWhen reviewing exchange rates, keep in mind that how Brexit unfolds in the coming years may play a critical role in GBP valuations. If you want to read up on the factors that influence the value of the pound sterling or other currencies, head over to the Exchange Rates section of our site.
UK Money Transfers - FAQs
Wondering how to send money to the U.K.? Use OFX to exchange your Canadian dollars for pounds, because you’re too smart for your bank. With offices around the world, we provide 24-hour access to our highly skilled transfer team.
How quickly can OFX transfer your money to your UK bank account?Generally speaking, you can expect your funds to arrive overseas in 3 days: 2 days for your Canadian bank to Bill Pay or wire us the money and 1 day for OFX to convert your Dollars into Pounds and transfer to your UK bank account for final settlement.
Is there any limit on how much money you can send to the UK?Absolutely not. In fact the more money you send, the better the exchange rate we can give you. However, in order to give you the best exchange rate we do require a minimum of $1,000 be transferred.
How much does OFX charge to send money UK bank accounts?The most we charge is just $15 for converting Canadian Dollars to British Pounds. If you send more than $10,000 to the UK, we waive the fees altogether. Our customers’ real savings come from our highly competitive exchange rates. Compare our great exchange rates to your bank and see how hard they are to beat.
Can you send money from your UK bank account to Canada?It depends on where your permanent residence is. If you live in Canada, then yes you can send money from the UK to your Canadian bank account. If you live in the UK, you’ll need to need to use our European branch.
How can OFX help me manage GBP/CAD exchange rate movements?We offer Limit Orders to help our customers lock in a desired exchange rate and Forward Contracts to freeze a current exchange rate for future use. You won't typically realize the full potential of Limit Orders and Forwards until you send upwards of $30,000, the minimum for using our Forwards or Limit Orders.
Which banks in the UK do you transfer money to?
OFX can transfer funds to any bank in the UK, including, but not limited to:
- Royal Bank of Scotland Group
- Lloyds Banking Group
- National Westminster Bank
- Standard Chartered plc
- Santander UK
- Standard Life
- Clydesdale and Yorkshire Bank
Don't see your bank? Ask us about it after you register.