The main types of transfer fee
A fixed fee stays the same across an amount band. A percentage fee grows with the transfer. Some quotes combine both, while others show no separate fee and earn through the rate.
- Fixed fee
- Percentage fee
- Minimum fee
- Exchange-rate margin
- Third-party charge
Added fee or deducted fee
If the fee is added, a £100 transfer might cost £102 while the full £100 is converted. If it is deducted, you pay £100 but only £98 is converted. Read the labels carefully before comparing recipient amounts.
Why cards can cost more
Debit and credit cards can be convenient and fast, but processing costs and cash-advance treatment can increase the price. Bank payment is often cheaper, though it can take longer for the provider to receive your money.
Cash, wallets and receiving banks
Cash pickup needs an agent network. Mobile-wallet and bank-deposit prices depend on local partners. A receiving bank may charge separately even when the transfer provider says its own fee is zero.
Ways to reduce fees safely
Compare payment methods, avoid unnecessary credit-card costs, send an amount that does not trigger a poor minimum-fee ratio and confirm the destination method. Do not sacrifice a suitable, secure payout just to save a small fee.
- Try bank payment and debit card quotes
- Compare the effective rate
- Check fee thresholds
- Avoid unneeded currency conversions
- Confirm third-party fees
Where this guidance comes from
We use our own recorded quote data for comparison principles and link to the primary reference material behind factual explanations. Provider prices still need confirmation at checkout.
How international money-transfer fees work FAQs
Who pays the transfer fee?
Usually the sender, either on top of the amount or through a deduction. Some receiving institutions can charge separately.
Why does the fee change when I change the amount?
Providers may use percentage pricing, minimum fees or amount bands.
Are card fees included in the quote?
Provider card fees should be shown, but your card issuer may add its own charge.
