Making a Remittance Payment

Western Union
Margin Rate: 4%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Xendpay
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
CurrencyFair
Margin Rate: 2%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Transferwise
Margin Rate: 3%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
CorporateFX
Margin Rate: 1.5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
TorFX
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Orbitremit
Margin Rate: 1.5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: Not FCA Regulated
Frontierpay
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: Not FCA Regulated
Natwest
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £25
FCA Regualted: FCA Regulated
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Making a Remittance Payment

need to make a remittance payment then make an online currency exchange payment using a credit card or debit card.
In most cases a remittance or the word “remittance” when they refer to sending money from country to another. Remittance currency transfers also include electronic money transfers also known as currency payment platforms which allow you to control the whole process from one place including the ability to make multiple remittance payments. Consumers using online payment platforms can now take total control of remittance transfer payments and when the money is to arrive to the recipients abroad, including friends, family members, or even for business use.

Remittance payments are also referred to as remittance transfers” “instant transfers” “instant payments” “international wires,” “international money transfers,” or “remittances.”

If you send money abroad. consider the following first before sending any money overseas no matter which money transmitters or payment provider you use including banks and credit unions and foreign exchange companies. All companies that provide a “remittance payment service.” must provide consumers general information before they can offer remittance transfers.

  • The exchange rate.
  • Fees and commission charges and taxes they will charge.
  • Any additional fees that will be charged by the company’s agents abroad or bank involved in the transfer process.
  • The amount of money expected to be delivered,
  • Total charges including foreign taxes or fees charged to the recipient.
  • Conformation of transfer and statement showing complete breakdown including rate of exchange and all fees charged from the remittance currency payment.

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