Send Money Abroad | Transfer Money Overseas | PayPal UK (2024)

FAQs

Can I transfer money from UK to overseas? ›

Whether it's wiring funds to a family member living overseas, or paying the bills on a foreign property, an international money transfer lets you move money from your account in the UK to one in a different country.

Sending money abroad to another PayPal account? Transfer money between PayPal accounts in seconds, no matter where you are in the world. The funds go quickly into the recipient's account and can be easily withdrawn at their convenience.

Can I send money through Zelle internationally? Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas. Read on for some international Zelle alternatives.

Recipients of foreign inheritances typically don't have a tax liability in the United States. And, if you're sending your own money from a foreign bank account to a domestic one, you won't have to pay taxes on the transfer.

PayPal's International Currency Conversion Fee

PayPal's currency conversion fee to US or Canadian dollars is 3.5% but is 4% for other currencies. PayPal also charges a 4.5% fee for conversion service, so it's important to factor this cost in as well to any currency conversion you do.

Are there fees to send money internationally with PayPal? International personal payments and purchase payments are subject to cross-border fees. They're paid by either the sender or recipient of the payment, not both. The sender of the payment generally determines who pays the fee.

There isn't a law that limits the amount of money you can send or receive. However, financial institutions and money transfer providers often have daily transaction limits. This depends entirely on the establishment. Some might have a $3,000 limit per day, while others might have none at all.

Can I send money from UK to USA via Remitly? ›

Send or Transfer Money to the United States Online from the United Kingdom with Remitly.

Frequently Asked Questions About Using Zelle in the UK

No, you can't use Zelle to send money to the UK, as Zelle is available only in the US. The payment app only allows you to send money from one US bank account to another, meaning both the sender and the recipient must have US bank accounts.

Best ways to send money internationally

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

The short answer is… yes! Paypal is available in over 200 different countries, giving companies the option to make cross-border payments and transfers via the app or website at PayPal.com. However, the process differs slightly depending on whether or not both the sender and recipient have a PayPal account.

Internet Banking guide

Log on and select More actions from your account. Choose Payments and transfers. Then select Send money outside the UK. If you're sending money to someone you've paid before, choose Select an international recipient.

Bank draft, wire transfer, money order or online remittance – for the occasional transfer, you might not be fussy with how you send your money. There are many options but you should prioritise what's important to you. Some methods are easier but take longer. Some are more expensive but get there quicker.

You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, Wise (formerly TransferWise) or Paysend.