What are the Different Types of Money Transfers?

Do you need to send money immediately? Or do you want to wait until the exchange rate has improved? UKForex offers a range of money transfer types so you can choose a deal that suits you:

Basic International Money Transfer ('spot' transaction)

Need to transfer money now? 'Spot' transactions are ideal if you need to make an international money transfer in a hurry: lock-in the current exchange rate, confirm the transaction and your money is on its way.

Our customers use spot transfers for a number of reasons, including sending money to family and friends, paying overseas bills, overseas purchases, paying for holiday accommodation, pension transfers.... The list goes on!

Recurring International Payments

If you send money to the same place regularly, it's important that the transfers are easy, time efficient and are made at a good rate of exchange. Our Regular Payments' plan is perfect for those that have monthly transfers to make. Find out more

Forward Contract ('Buy now, pay later')

Planning to make a foreign exchange transfer in the future? Fix the rate for the transfer you want to make on a set date in the future with a Forward Contract, so you don't have to worry about changes in the currency markets. Find out more

Limit Order ('Target your ideal rate')

Happy to wait for the exchange rate to improve? A limit order lets clients instruct UKForex to buy or sell one currency for another currency at a target rate that is better than the current market rate. Ideal for staying on top of the market even when you are sleeping. As foreign exchange markets are open 24 hours, you may miss out on the best rates if they a reached while you are not watching. Find out more


Transferring for the first time? Check out our  FAQs section to get started.



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UKForex provides international money transfer services to individual clients and business customers. Use our free currency calculator, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

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