Send Money to the UK

How to send money to the U.K.

  1. Gather the relevant banking information of your recipient including the name on the account, the Bank Sort Code (BSC) and bank account number.

  2. Create an online account with OFX, or login to get a live quote for your money transfer.

  3. Enter your details and those of your recipient.

  4. Select ‘finalise 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 rate

When 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.