Transfer money from Zimbabwe to United Kingdom. Cheap and fast ways to send money abroad

Shopping around is the best way to find the right service for your payment from Zimbabwe to United Kingdom. Our handy comparison tool makes the job easy.

We’ve taken a selection of reputable, reliable and safe money transfer services and rated them based on cost, speed and customer trust, to help you pick the right one for you. Our table starts from least to most expensive provider, so you can easily see the cheapest way to send money from Zimbabwe to United Kingdom, taking into account transfer fees and available exchange rates.

• Money transfer services compared: 2 services
• Currently the cheapest: OFX
• Cheapest cost: 14.6 USD
• Currently the fastest: OFX
• Fastest time: 1-3 Days
• Currently best rated: OFX
• Money transfer companies included: OFX, CurrencyFair

Banks and specialist international money transfer services each have their own pros and cons, so you’ll need to compare a few to decide which is best for you. Here are a few important factors to consider:

• Transfer time: Transfer times can vary a lot. While some specialist money transfer services can deliver your payment instantly or in just a few minutes, it’s common for banks to take 3 to 5 days if the transfer is processed using the Swift network. In our comparison, the fastest way to send money from Zimbabwe to United Kingdom was with OFX.

• Transfer fees: When you send an international payment you may have several different fees to pay including an upfront transfer fee, exchange rate markup and possible third party costs. Some providers split out all their fees transparently, but it’s not always the case. That means you’ll have to carefully compare both the stated transfer fees and the exchange rates to see which is the best overall value. In our comparison, OFX had the lowest overall cost when sending money from Zimbabwe to United Kingdom.

• Required documentation: For security reasons and to comply with international laws, you’ll often need to provide proof of your ID and address when sending a payment abroad. This can normally be done using a government issued ID document like your passport or driving license, and a bank statement or utility bill which shows your name and address clearly. Higher value transfers may also require extra paperwork, such as proof of the source of the funds. Learn more about the documents needed when sending money from Zimbabwe to United Kingdom here.

• Exchange rates: Banks and money transfer services set their own exchange rates, which can include fees. Use a currency converter tool to check the mid-market exchange rate, and compare this against the rates offered by different providers, to pick the one that’s best value for your specific needs.

Using a bank transfer from Zimbabwe to United Kingdom is one of the most straightforward methods for both the sender and the recipient. The recipient doesn't have to do anything, the funds simply arrive in their account in the chosen currency, ready for use or withdrawal.

If you're looking to transfer money from Zimbabwe directly to a bank account in United Kingdom, choosing a specialist provider can be cheaper and quicker than an international bank transfer. While different providers have different steps to process payments, the following steps usually apply to most:

• Choose and Register: Begin by selecting a regulated bank or money transfer provider that supports international bank transfers from Zimbabwe to United Kingdom.

• Account Verification: For enhanced security and to comply with international financial regulations, banks and online transfer providers require users to verify their identity before sending a money transfer. This process usually includes uploading digital copies of proof of ID (such as a passport or driving license) and a proof of address (like a utility bill or bank statement).

• Fund Your Account: Once registered, you'll need to deposit funds. While there are multiple methods available, local bank transfer or using a debit card are usually the most economical options.

• Initiate the Transfer: With your account funded, add your recipient's full name and their bank account details. Check everything over, and start your transfer.

Remember, the speed and efficiency of your transfer can vary based on the provider you choose. It's always wise to compare rates, reviews, and transfer times before making a decision.

Choosing the right provider when sending large amounts of money from Zimbabwe to United Kingdom can help you save on fees and hidden exchange rate markups. Banks and online transfer providers can add hidden markups in their rates, which can quickly grow as the amount you are looking to send increases.

Money transfer providers often offer discounts for high amount transactions, which may mean as reduced fees or more favorable exchange rates. To ensure you're securing the most advantageous offer for your transfer, use the Exiap cost comparison calculator and evaluate all options available.

The cost of transferring money abroad can vary based on the service provider, the amount being sent, and the method of transfer. Bear in mind also that bank transfer fees from Zimbabwe to United Kingdom can include upfront costs, an exchange markup and extra third party fees added by correspondent banks.

When sending your money from Zimbabwe to United Kingdom using an online money transfer provider, the cost of transferring 2000 USD can range from 14.6 USD to 16.99 USD, including provider transfer fees and any exchange rate markups the transfer provider might apply. If you plan to send with a bank, you could pay more overall. Bank costs often include a transfer fee, exchange rate markup, and Swift fees which are paid to third parties involved in the transfer.

As an example: the lowest cost option to send money from Zimbabwe to United Kingdom would be OFX with the total cost of 14.6 USD using a 0.7832 US Dollar/Pound Sterling exchange rate.

Understanding US Dollar/Pound Sterling exchange rate changes can help you to make better informed decisions on when to send your international transfer. Exchange rates are constantly changing, due to factors such as supply and demand, geopolitical events, and economic indicators.

The current exchange rate for US Dollar/Pound Sterling stands at 0.7888.

Exchange Rate Monitoring: Using a currency converter tool is an easy way to keep tabs on the US Dollar/Pound Sterling exchange rates. This way, you can be up-to-date on the latest changes and can identify the best time to start your transfer.

Rate Alerts: Consider setting up rate alerts with our rate tracking tool. This service will notify you when the US Dollar/Pound Sterling exchange rate reaches your desired threshold. For the best monitoring and alert tools, take a look at Currency Live's recommendations.

Most of the international transfer providers allow credit or debit card payments. While this method can speed up your transfer, it might also introduce added fees, making it less cost-effective than a bank transfer.

Here’s a handy list of providers that support card payments:

• CurrencyFair: Online