The modern financial era is such that anybody can send money onshore or to a foreign country. The money can be sent as cash, cheque, or electronic funds and depending on the type of service used it may even be possible to access the cash as soon as the trade is made. Choosing the right transfer method can make a big difference in how much money you need to exchange or in the amount of money that the recipient receives so it is an important decision. International money transfers offer a convenient and competitively priced method of sending funds abroad.
Bank transfers are the most popular form of sending money abroad but they are rarely the most financially beneficial and they are also unlikely to be the fastest. They are convenient, in so far as most people wanting to send a transfer already have a UK bank account and it may even be possible to send the money online without even visiting the bank.
Online international money transfers provided by a foreign exchange account, however, are quicker and offer improved rates and fees. Smaller transfers may attract a minimal fee but this is a one off fee, compared to a bank transfer which usually attracts a fee for the sender and receiver. You will also enjoy access to better exchange rates which benefits both parties.