How to transfer a large amount of money
We all dream of having lots of money so that we can do what we want, whenever we want.
Holiday in the Mediterranean? Sure.
New car? Yes please.
The latest pair of trainers? No sweat.
Although it may not seem like it, there are some problems with having large amounts of money - especially if you want to send it abroad.
This is because sending a large amount of money abroad with your bank will expose you to high fees, which are often a percentage of the amount you’re trying to send.
For example, if you’re sending £2000 abroad to a friend or family member, you might expect to pay 7% of the amount as a bank fee. We can all agree that we’d rather not pay £140 as a transfer fee for this transfer!
Plus, when you transfer large amounts of money with your bank, you need to be aware of poor exchange rates. The exchange rate they offer might be up to 5% off what the real rate is. And you can guess where those hidden charges go - right into the bank’s pocket!
How can I transfer a large amount of money with low fees?
The safest way to steer clear of high fees when you’re sending a large amount of money abroad is by choosing a specialist money transfer provider that has low, flat fees for its international transactions.
Believe it or not, there are some very handy money transfer companies that charge a flat fee, no matter how you want to send abroad. Paysend is one of these money transfer companies.
With Paysend, it doesn’t matter how much you send - the transfer fee will always be the same. Paysend’s transfer fees are always locked at £1, $2 or €1.5, depending on where you’re sending money from.
This means that if you want to send £1000, £2000 or £3000 from the UK to over 100 countries worldwide, it’ll cost you only… you guessed it - £1 in transfer fees!!!! It really is that cheap!
Plus, Paysend offers excellent, competitive exchange rates, so you won’t be losing out with hidden fees.
So what are you waiting for? Sign up now, or download the Paysend app to start sending large amounts of money really cheaply!
To get started, head to the App Store or Google Play and download the Paysend Global Transfers app!
Eng soʻnggi xabarlar
Sending money internationally no longer needs to involve typing long card numbers, double-checking details or worrying about security on the go. With Apple Wallet and Google Wallet, you can fund your transfer in just a few taps using your mobile wallet, combining speed, convenience and an added layer of protection.
Paysend supports Apple Wallet and Google Wallet as funding methods for international transfers, helping reduce friction at checkout while maintaining strong security standards. In this guide, we explain how mobile wallets work, why they can be a safe alternative to manual card entry, and how to use them when sending money abroad.
Not long ago, sending money abroad meant standing in line, filling out forms, and hoping your recipient could collect the cash before the office closed. For decades, this may have been the reality of traditional money transfers: long waits, limited hours, and high fees.
Today, digital-first services like Paysend may have changed that story completely. Money now moves in real-time*, anytime and around the world. This evolution isn’t just about technology; it’s about breaking barriers and addressing the main pain points in cross-border money transfer.
*We’ll send your money in real-time, but it could take up to 3 business days depending on your recipient’s bank processing time.
