HIFX Money Transfer Review

HiFX Money Transfer
Margin Rate
Minimum Transfer
Transaction Fees
Transfer Timescales
Financial Regulation
0.7%
£50
£9 for amounts below £3,000.
Sameday to 48 hours
FCA authorised and regulated

HiFX PLC have a set of personalised rate alerts, access live customer rates and monitor your key currencies with our free, easy to use, customisable charts and tools with HiFX HiFX Review

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HiFX Currency Exchange Services

HiFX is not the largest money transfer company in the world. However, it does not want to be. You see, it prides itself on the fact that it is relatively small. The company loves the idea that it can give each and every one of its customers a personal service. However, they remain big enough to ensure that they can, in addition to this, also provide some of the best possible rates on the services that they offer. Let’s take a little look at the company in depth, shall we?

You can make transfers via HiFX in one of two different ways; online and over the telephone. As you can probably guess, the online system is always available. You just log in and you are ready to go. The telephone transfer service has been designed for those who wish for a slightly more ‘personal touch’. When you make an account with HiFX, you will be assigned your own personal account manager. It will be their job to ensure that you get the best possible exchange rates and that you are well-looked after. They do a pretty good job at this too.

I was actually surprised at just how good the online system offered by HiFX actually is. Many companies, the smaller ones at least, do not put a lot of effort into their online systems which can make transferring money to and from accounts rather cumbersome. With HiFX, you do not have to worry about that. Payments are as smooth as butter and even if you are a complete newbie to the world of computers, you should find it fairly easy to use the HiFX system.

Now, the majority of people who make money transfers will not be making a single payment here and there. They will, instead, be making payments on a regular basis. Thankfully, HiFX makes this as easy as possible for their customers. You can set up regular transfers via the telephone or online. This will ensure that the money comes out of your account and is transferred at the right time each and every month. This system is ideal for those who pay wages to those living abroad, or perhaps to pay bills that you may have.

Generally speaking, the exchange rates offered through HiFX are some of the most competitive around. They are not mind-blowing by any stretch of the imagination, but they are certainly going to be far cheaper than if you go through your bank. In addition to this, I am surprised at just how low the commission is on the transfers made through HiFX. I was expecting the figure to be a great deal higher considering the personal touch that HiFX give to each and every transaction. In my opinion, this site is going to be ideal for just about anybody. If you are transferring large sums of cash (into the thousands), you may want to look somewhere where you will be able to secure better rates, those who transfer smaller amounts from time to time will feel right at home, however.

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Customer Comments

14 Responses to “HIFX Money Transfer Review”

  1. McKnight says:

    I’m Converted to HiFX Currency Conversion!

    I was a little hesitant about changing to using an internet currency conversion company. I was used to the familiarity of using my bank to make international cash transfers. However, I need not have worried. The initial set up took only a few minutes.

    When I felt I needed some advice, I contacted HiFX’s very friendly Help Line. They were patient and helpful and did not make me feel stupid or incompetent.

    Once the system was set up, I have found it very quick and simple to use. I very much appreciate HiFX’s daily bulletins of the current £/€ exchange rate. I can choose to make my cash transfers when the currency exchange rates are favourable and the money will be in my French account very quickly. I like the speed with which these transfers take place. The last time I used HiFX, the cash was in my French account in 24 hours!

    With the speed, efficiency, simplicity and the helpful staff of HiFX, what more could anyone want?
    Thank you, HiFX. I lose no opportunity to recommend HiFX to all my friends here in France.

  2. Brian Smith Lee says:

    Excellent, professional service and the assistance from Matthew your account manger staff member was second to none. I would recommend your HIFX Plc to any person requiring transfer of funds.

  3. Simon Ashe says:

    Have just started using you, after i read reviews on HIFX am very happy with the service and exchange rate, should have done it 10 years ago.

  4. Maria says:

    Speed and Efficiency and a personal touch

    I’ve used HiFX twice now and will use them every time I want to make an international transfer. The online system is easy to use and three is always a person to call at the end of the telephone is you need any help. They keep you advised when the money reaches its destination. I made my most recent transfer on a Friday, to Australia, and the money was there Monday morning and I had an email from HiFX to let me know!!

  5. Walter Caney says:

    Dear Sir/Madam, It is not apparent to me how you could have improved your service to me at any stage of our dealings. Initially i was faced with a high Euro rate against Sterling and after searching the net found HIFX.

    I enrolled and then sold my property abroad and thanks to HIFX moved the money into their “Euro Holding Account”?. The Accounts Manager, Matthew, was absolutely magnificent in keeping me informed of the daily rate fluctuations,nothing was too much trouble for her,so much so it felt she had became part of the family with these daily conversations.

    Finally, on the 4th May the market for Sterling against the Euro was the strongest for 13 months and so i unloaded the Euros. The mark up was four figures and as HIFX give a better rate of exchange than the High Street Banks the savings to my pocket were considerable.

    I cannot speak too highly of the Bank and certainly Matthew whose professionalism throughout was a credit to her and the Bank. I would strongly recommend any Person/Company etc contemplating moving monies from overseas to the UK to go through HIFX. Words cannot start to express my satisfaction with HIFX.

  6. Peter says:

    Money transfers couldn’t be easier.

    Living in a remote, isolated location, I greatly appreciate the ease of using the website for currency transfers..

  7. Abbie says:

    Efficient and good service at a better rate than the bank

    HiFX were recommended to me and I was really happy with the service. Will definitely use again and have already recommended to a colleague.

  8. Katie says:

    Really easy service to use, highly recommended

    Really simple and easy service making International Payment less of a hassle to process

  9. Bill says:

    Quick, easy and cheap

    Once again a Euro transfer to Spain from UK went through quickly – a few days (including a weekend) easy process and a good rate. E-mail confirming transfer completed was very reassuring

  10. Mark Pickford says:

    Very pleased with my first contact with hifx. Jon provided an excellent and prompt service. I will use you again for my next currency exchange request. That says it all I guess.

  11. Alyson Fay says:

    I have found everything with HIFX absolutely splendid. Whenever I have a problem there is always someone there to guide me. I am moving to Turkey to live shortly and will certainly be looking for ways to get my pension over to my Turkish Bank and would be very happy to receive ideas on this.

  12. S Chandler says:

    Excellent, professional service and the assistance of your Hifx currency transfer team was second to none. I would recommend your company hifx to any person or business requiring money transfers internationally.

  13. Effie Kanae says:

    A stress-free and fee-free way to move money globally.

    I have been using HiFX for eight years to transfer funds from the UK to Australia. The rates are always competitive; the administration is clear, efficient and informative; and there has not been any sign of a hitch to date.
    In comparison to using banks to transfer money, using HiFX is a no-brainer.

  14. Jana says:

    Great exchange rate, transparent service, no reservations.

    What can I say? They transfer your money into foreign currency and send it to someone else’s bank account, for less than banks and bureau de change. Well done hi fx.

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