Question 1

What's the best way to do Cyprus to UK money transfers?

Accepted Answer

With the global remittance market booming, there are so many choices for Euro to GBP money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to UK from Cyprus. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final GBP amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best exchange rate for your money transfers from Cyprus to UK?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to UK.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Cyprus to UK transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your EUR to British Pound money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way to transfer money from Cyprus to UK?

Accepted Answer

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Cyprus to UK via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Euro to British Pound remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Cyprus to UK exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for EUR to GBP remittances.

Question 4

Should I use my bank to transfer money from Cyprus to UK?

Accepted Answer

We do not recommend using your local bank in Cyprus for your next EUR to GBP overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Cyprus to UK (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending GBP to UK. These companies will let you use your local bank account in Cyprus to pay for your UK money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

What is the fastest way to do a money transfer to UK from Cyprus?

Accepted Answer

The speed of your Euro to British Pound funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to GBP. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to UK from Cyprus is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in UK if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout GBP into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Cyprus bank to UK bank transfer.

Question 6

Which are the best money transfer companies to send money from Cyprus to UK?

Accepted Answer

Since the Euro to British Pound money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Cyprus that may also be able to send money to UK. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your EUR to GBP money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in UK gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Cyprus to UK transaction.

Question 7

Step by step guide to send money to UK from Cyprus

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Cyprus to UK, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Cyprus to UK that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in UK where they can receive monies in British Pound.
Then, provide details of your Cyprus bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EUR travel to another part of the globe.

1 EUR	0.87 GBP
5 EUR	4.33 GBP
10 EUR	8.65 GBP
25 EUR	21.63 GBP
50 EUR	43.25 GBP
100 EUR	86.50 GBP
150 EUR	129.75 GBP
200 EUR	173.00 GBP
250 EUR	216.25 GBP
300 EUR	259.50 GBP
400 EUR	346.00 GBP
500 EUR	432.50 GBP
600 EUR	519.00 GBP
700 EUR	605.50 GBP
800 EUR	692.00 GBP
1000 EUR	865.00 GBP
1500 EUR	1,297.50 GBP
2000 EUR	1,730.00 GBP
2500 EUR	2,162.50 GBP
3000 EUR	2,595.00 GBP
4000 EUR	3,460.00 GBP
5000 EUR	4,325.00 GBP
10000 EUR	8,650.00 GBP
15000 EUR	12,975.00 GBP
20000 EUR	17,300.00 GBP
30000 EUR	25,950.00 GBP
40000 EUR	34,600.00 GBP
50000 EUR	43,250.00 GBP
100000 EUR	86,500.00 GBP

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