First Direct Money Transfer Review

First Direct Money Transfer Review
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

You know, I am actually pleasantly surprised by the money transfer service offered by First Direct. Yes, they are a bank. However, they do not offer those drastically awful fees that you come to expect of banks when it comes to international money transfers. It seems as though they almost care about the customers that they deal with.

One of the reasons as to why I love First Direct is that unlike a few other banks out there, they actually offer a range of different currencies to trade in. At the time of writing, you could send an international money transfer in 40 different currencies to 80 different countries. This is a huge amount in comparison to a few other banks out there. In addition to this, the exchange rates offered by First Direct tend to be rather competitive too. I mean, they are not brilliant, but they are certainly not going to break the bank.

First Direct are actually incredibly quick when it comes to money transfers. In my experience, other banks out there can take a good while to get the money where it needs to go…unless you pay an additional fee of course. That is not the case with First Direct. If you are sending within Europe, you can be sure that your payment will arrive within a day or two. There will be no waiting around. This makes the system perfect for those times when time is of the essence when it comes to the sending of money.

One of the things I absolutely love about First Direct is that they do not go overboard with their money transfer fees. If you are sending within Europe, the fee is fixed at £4.00. Other banks tend to have fees of £25.00, so this is already quite a big saving. The only downside is that there are limits on the amount of money that you can transfer to Europe on a daily basis through First Direct. If you are sending elsewhere in the world, you will be paying £10.00 to send to a HSBC account, and £25.00 to a non-HSBC account.

You do not need an account with First Direct if you wish to utilise their services. However, transferring money through their system is not necessarily all that quick. This is because, unlike other international currency sites out there, you can’t transfer the money online. You can either go via the telephone or by post (which is, obviously, not recommended). This means that not everything is that simple.

Honestly, if you absolutely must deal with a bank when it comes to money transfer, I have absolutely no hesitation when it comes to recommending First Direct. Their fees are competitive enough. However, they are slow. Really slow and the system is not easy to use. Honestly, whether you are a business or an individual user, you would probably be in a far better position if you look elsewhere for your international money transfer needs. You can save yourself both time and money.

Product Features

  • Banks offering International Payments: Banks offering International Payments
  • Buy Holiday Money Online: Buy Holiday Money Online
  • Cash Payments: Cash Payments
  • Make Instant Payments Under £1000: Make Instant Payments Under £1000
  • One off Large Currency Transactions: One off Large Currency Transactions
  • Remittance Providers in the UK: Remittance Providers in the UK
  • Send Regular Transfers Overseas: Send Regular Transfers Overseas
  • Commission Rate: 0%

Company Details

Quick Quote

Free Transfers

First Direct Money Transfer Review
Quote: ""
to receive a FREE transfer.
Simply call
0800 24 24 24

Website Screenshot

First Direct Money Transfer Review

Address Details

First Direct Money Transfer Review
first direct 40 Wakefield Road,
United Kingdom,
LS98 1FD

© 2017 : All Rights Reserved
Send Money Home 324 Southend Road, Wickford, Essex SS11 8QS