Money transfer providers
Moving money between pounds, dirhams and euros is one of the first practical jobs of any move, and the gap between a bank's rate and a specialist's can add up quickly on larger sums. Some people are happy with an app for everyday transfers; others prefer a named dealer for a house deposit or sale proceeds. Here are some well-established options to compare.
Providers to compare
Last checked November 2026. Listed in no particular order.
Wise
Everyday app-based transfers and a multi-currency account
App and web transfers across GBP, EUR, AED and many other currencies, plus a multi-currency account and card. Wise received final Central Bank of the UAE approval for payment and stored-value licences in October 2025; check which services are available where you live.
Visit WiseRevolut
Spending and exchanging on the go
App-based account with in-app currency exchange and international transfers. Revolut was granted a full UK banking licence in 2026; plan features and exchange limits vary by subscription tier.
Visit RevolutOFX
Larger transfers with 24/7 phone support
Publicly listed currency specialist whose UK entity is FCA-authorised as an Electronic Money Institution. Offers forward contracts and round-the-clock support, and pays into UAE banks in AED as well as euro accounts.
Visit OFXCurrencies Direct
Buying or selling property in Spain
Operating since 1996, authorised by the FCA and the Bank of Spain, with more than 20 local offices in Spain. Offers forward contracts to fix a GBP/EUR rate up to a year ahead, rate alerts and account managers for larger transfers.
Visit Currencies DirectMoneycorp
Broker-style service with online option
FCA-regulated payment institution with a team of FX specialists and account managers. Its site lists GBP to AED transfers to UAE banks, with online transfers and a phone dealing service for larger payments.
Visit MoneycorpTorFX
A personal account manager for one-off large payments
Operating since 2004 and FCA-authorised as an Electronic Money Institution, with client funds held in segregated accounts. Rates are agreed with a personal account manager, and the firm states it charges no transfer fees.
Visit TorFXWhat to look for
- FCA authorisation (and local regulation where relevant), with client money held in segregated accounts
- The total cost: the exchange rate margin as well as any transfer fee
- Support for the currencies you need: GBP, AED and EUR
- Forward contracts or rate alerts if you are timing a property purchase or sale
- A named account manager or phone dealing for large or time-critical payments
- Clear guidance on source-of-funds checks before a big transfer
We list these companies for information only. We don't receive payment from them, a listing isn't a recommendation, and we don't give financial, legal or insurance advice. Prices, products and regulation change, so check the details directly with each provider.
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