The BBA is the voice of the banking industry for all banks who operate within the uk
Sending money abroad / receiving money from abroad
08/01/2004
Many of us will either need to send money abroad at some time or, hopefully, receive money from abroad! The different methods used to transfer cash can sometimes be confusing and the British Bankers' Association has produced this fact sheet to help clarify some of the issues involved.
How do I arrange to send money abroad?
Your bank will ask you to complete a form giving details of the beneficiary and if possible the name and address of their bank (this will be used by the bank to help ensure that the transfer is routed in the quickest way). You will need to sign the form as your authority and the bank will either send the transfer direct or hand you a draft drawn on a bank abroad, according to your preferred method of transfer.
What options do I have to send money abroad?
Banks will normally offer a standard transfer or an express transfer. The express transfer will usually be slightly more expensive but should reach the recipient more quickly. In both cases, the bank will make the payment direct to the bank abroad. For gifts, you may prefer to send a bank draft which will be handed to you to send on to the beneficiary.
Related Links
Know before you go - Foreign and Commonwealth Office (External Link)
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