Send Money to Gibraltar
How to Send Money to Gibraltar
- Gather the relevant banking information, including the name on the recipient’s bank account, the Sort Code, the IBAN number, and the SWIFT/BIC code.
- Create a free online account with OFX, or login to get a live quote for your money transfer.
- Enter your details and those of your recipient.
- Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to Gibraltar 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 Gibraltar, keep in mind that different tax regulations may apply to sending large sums of money overseas depending on many factors including:
- how the money is going to be used
- how much you are sending
- the source of the funds
- if the money has been taxed elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift. See our Guide to Sending Money to Family Abroad for more details.
How to send money to Gibraltar at a great exchange rate
Keep in mind that Pound Sterling (GBP) is legal tender in Gibraltar. Therefore, OFX makes GBP transfers to Gibraltar, but not GIP. When looking at exchange rates, it’s important to know that the value of the Gibraltar pound (GIP) may be influenced by the value of the British pound (GBP), as the GIP is pegged to the GBP at par. When on holiday in Gibraltar, most shops will accept GBP and even EUR. Converting money to GIP is probably unnecessary, and may be an expensive choice if you end up needing to convert GIP again, if you have extra when you return home. If you want to read up on the factors that influence other currencies, head over to the Exchange Rates section of our site.
Gibraltar Money Transfers - FAQ
Wondering how to send money to Gibraltar? We've got the smart, secure way to exchange your pounds. Headquartered in Sydney, with offices around the world, we provide 24-hour access to our highly skilled transfer team.
Is there any limit on how much money I can send to Gibraltar?
No. OFX works well for both businesses and individuals.
Can I send money from a Gibraltar bank account to the U.K?
Does OFX transfer money to all Gibraltar banks?
OFX can transfer funds to any bank in Gibraltar, including, but not limited to:
- Jyske Bank
- Gibraltar International Bank
- Gibraltar Bank
- Natwest Bank
You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.
When you use OFX, you’ll get fast, efficient service, and we’ll keep you informed of where your money is along the way. For all your overseas payments, OFX is simply smarter.
How can OFX help you manage GBP exchange rate swings?
Check out our risk management strategies and stay in control of your money.