Transfer large sums of money overseas
Secure transfers. Expert support. Great exchange rates. Send large sums of money abroad confidently with TorFX.
Making large money transfers
Whether you’re buying property abroad, investing internationally or relocating for retirement, there are many reasons you might need to send a large sum of money overseas.
Whatever the purpose, moving a significant amount can feel like a big step – so it’s important to know your money is in safe hands and that you’re getting great value.
At TorFX, we offer fast, secure transfers with highly competitive exchange rates. You’ll also benefit from the support of a dedicated account manager, who can help you time your transfer and guide you through every stage of the process.
When to make large international money transfers
Property purchases
Buying a property overseas often means moving a significant lump sum in one go; timing your transfer carefully can make a big difference to the final cost.
Selling property
Once you’ve sold an overseas property, repatriating the proceeds usually involves a large transfer. Exchange rates can affect how much you end up with.
Foreign investments
Investing abroad or bringing back returns often involves high-value transfers. FX volatility can impact both the value going in and what you get back.
Inheritance
If you’re receiving an inheritance from abroad, transferring a large sum may be necessary. It’s worth thinking about how to protect against currency fluctuations.
How to transfer large amounts of money abroad
Sending large amounts of money overseas is simpler than you might think. Here’s what you need to do.
Choose who you transfer with
Currency specialists like TorFX tend to offer strong exchange rates, a wider range of services and better support than banks.
Gather the payee’s details
Make sure you have the correct bank account information for the recipient, including IBAN or SWIFT/BIC codes if needed.
Check any limits or documentation requirements
For high-value transfers, you may need to provide additional ID or proof of funds. Double-check what’s needed before you start.
Find the right time to transfer
Exchange rates move constantly, and with large amounts even small shifts can have a big impact. Consider speaking to an expert or using tools like rate alerts.
Decide on the right type of transfer
Spot transfers, forward contracts, or market orders – choosing the right method can give you more control and potentially save you money.
Keep track of your transfer
Once your money is on the move, it helps to have visibility. Choose a provider that offers updates and access to support if you need it.
How to transfer large sums with TorFX
Create an account
Open an account in minutes online or over the phone.
Get your rate
Secure an exchange rate with your account manager.
Make a transfer
Send us the funds to exchange and we’ll do the rest.
How exchange rates and fees work
There are various factors that impact the exchange rate you receive and how much money you get from your transfer.
Exchange rates
Financial institutions send money across borders at the ‘interbank’ or mid-market rate. This is essentially the wholesale price of currency, and it’s not available to customers or business clients. All currency providers will add a small margin or fee to the interbank rate.
Transfer fees
Some providers charge a fee for every transfer you make, which could be in addition to adding a margin to the mid-market rate. Transfer fees can quickly add up, and it’s important to be wary of providers advertising the interbank rate only to charge a fee later down the line.
Currency fluctuations
Currency markets are always moving and this can have a significant impact on how much money you get, particularly for larger transfers. Keep an eye on the market to find the best time to transfer – or better yet, get us to do it for you.
Our approach
With us, the rate you agree is exactly what you get, with no transfer fees or additional costs. We apply a small margin to the interbank rate to offer our customers rates that are always competitive.
We also help you navigate the ups and downs in the currency market with expert guidance and specialist tools. This can mean you secure an even stronger rate, potentially making your money go further.
Why choose TorFX for your large international transfers?
We pride ourselves on great exchange rates and swift, secure transfers. But what really sets us apart is our personalised approach, with expert support and outstanding customer service.
Great exchange rates
We offer highly competitive exchange rates with zero transfer fees.
Expert insights
Our currency specialists can help you transfer when the time is right.
Step-by-step support
Get guidance from a dedicated account manager, plus 24/7 customer service.
Top-tier security
Your funds are protected by robust safeguarding systems and strict regulatory standards.
Specialist services
Access tools like forward contracts and limit orders to help you optimise your transfers.
Fast, reliable transfers
Trusted by thousands worldwide, with award-winning service and an excellent Trustpilot score.
Things to think about when sending large sums of money overseas
Rates and fees
Find out exactly how much you’ll get for your transfer, including any fees. This keeps everything on budget and avoids any unpleasant surprises.
Security
It’s important you choose a reputable company that’s authorised by the FCA and other relevant bodies. You’ll also need to take steps to protect yourself from fraud.
Speed
Different things can affect how long your transfer takes, but most payments with TorFX should go through on the same day.
Timing
Currency fluctuations have a big impact on large money transfers. Talk to us for help with timing your transfer effectively.
Destination
Transfers to high-risk destinations may require more security checks. And in some countries, banks charge fees for processing large payments.
Documentation
You’ll need photo ID to open an account, and large transfers often require proof of the source of funds, such as a bank statement.
Purpose
There are different transfer tools for different situations. Get in touch with us to find the right solution for you.
Transfer limits
We don’t limit how much money you can send or receive, but your bank may have its own daily transfer limits. If they do, ask if they can increase it.
Unrivalled customer support
At TorFX, we don’t believe in a one-size-fits-all service. From day one, you’ll be paired with a dedicated account manager who gets to know you and your transfer needs so they can offer tailored guidance.
Whether you’re moving money once or making regular transfers, you’ll benefit from expert insights, responsive support and a personal touch that’s hard to find elsewhere.
Our dedication to an outstanding customer experience has seen us win multiple awards over the years and earn an Excellent score on Trustpilot. We’re proud to be a provider customers return to time and again.
See why customers choose us for their large international money transfers
“I was so worried about transferring a large amount of money from a UK account to an Italian account but Sam reassured me and explained everything to me numerous times. Everything was completely smooth and very efficient… Absolutely excellent and wouldn't hesitate to use them again.”
Bethany Thompson
How we keep your funds safe
TorFX is authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution. This means we’re required to keep your money in secure, segregated accounts, separate from our business funds.
We follow strict safeguarding procedures, work only with trusted banking partners, and hold the highest level of creditworthiness with Dun & Bradstreet. As part of a global group handling billions in transfers each year, we maintain the highest standards – so you can move your money with confidence.
Other currency transfer services
Emigration
Whether you're transferring wages, pensions or savings, we’ll make your move abroad simpler and more secure.
Regular transfers
Automate recurring payments like mortgages, pensions, and overseas expenses to make life easier and save money.
Property purchases
Buying overseas property is a big step. Let us simplify the transfer side of things and save you money.
Repatriation of funds
Bringing money back home? We’ll help you time your transfer and maximise what arrives in your account.
Refer a friend and receive £50
Get £50 each when you refer a friend, with no limit on the number of referrals.
Frequently asked questions on large overseas money transfers
Opening an account with TorFX is free, and there’s no obligation to trade. Furthermore, TorFX will secure you a competitive exchange rate and won’t charge transfer fees or commission.
Anything above £25,000 can be considered a large sum for international transfers. While you can send smaller amounts 24/7 online or through our app, you’ll need to talk to your account manager if you want to transfer £25,000 or more.
To transfer a large amount of money abroad, you’ll need to get in touch with your account manager.
This is partly so we can offer you specialist support and get you the best deal, but also because we have more robust security measures for larger amounts as part of our commitment to keeping your money safe.
Your tax obligations depend on the source of funds and the rules in the countries you’re transferring to and from, not the size of the transfer.
For instance, if you’re selling a property or repatriating investment income, you may have to pay capital gains tax. If you’re transferring savings or moving money to buy a house, then there may not be any taxes to be paid.
We support transfer to 120+ countries in 40+ currencies, including EUR, USD, AUD, NZD, ZAR and more. Just let us know what you need to send, and we’ll take care of the rest.
The larger the transfer amount, the better the exchange rate we can offer. We buy currency at the interbank rate apply a small margin for customers. When you transfer a large amount, we can lower this margin to offer you a rate closer to the wholesale rate.
Yes, you can track all your transactions online or in our app.
Most transfers are completed within 1-2 working days, depending on the currencies involved and the destination. We’ll keep you informed every step of the way.
We’ll get in touch with you straight away if there are any issues, such as the payment bouncing.
Likewise, if you notice anything or have any concerns then get in touch with us. Our team can track the payment if need be.