When sending larger amounts abroad you should always check the total cost for any exchange rate you are provided by your bank. In foreign exchange the margin or cost should normally reduce the larger the amount you send. However your bank is unlikely to give you a better rate, even if you ask nicely!
A Complete Guide to Large International Money Transfers
When it comes to transferring large sums of money overseas—whether for purchasing property, investing, paying tuition, or managing business expenses—the stakes are high. Even small differences in exchange rates or fees can add up to thousands of dollars. That’s why it’s essential to approach large foreign transfers with careful planning and the right strategy.
Why Large Transfers Need Special Attention
Unlike small, everyday transfers, large transactions are more likely to attract bank scrutiny, incur additional fees, and be affected by exchange rate volatility. Many providers offer special services for high-value clients, but understanding how to leverage these can make a big difference to your bottom line.
Key Considerations:
- Exchange Rates: Small percentage differences in exchange rates can have a significant impact on large transfers. Always compare providers to find the best available rate.
- Transfer Fees: Some providers waive fees for large transfers, while others may apply tiered pricing. Make sure you understand the full cost before proceeding.
- Regulatory Compliance: Large transfers may be subject to reporting requirements or additional identity checks under anti-money laundering (AML) laws. Be prepared to provide documentation.
- Transfer Limits: Check the maximum amounts allowed per transaction or per day. Specialist FX providers often have higher limits than traditional banks.
Smart Strategies to Save Money
1. Use Specialist Money Transfer Services: Providers like OFX, Wise, and WorldFirst typically offer better rates and lower fees than major banks, especially for high-value transactions. Consider using our Multi-Vendor Quote service below.
2. Consider Forward Contracts: Lock in a favorable exchange rate now for a future transfer date. This protects you from rate fluctuations.
3. Break Up Transfers: If the market is volatile, consider splitting your transfer into smaller parts and sending funds when rates are more favorable.
4. Set Up Rate Alerts: Tools like the BER Rate Tracker notify you when your chosen currency pair experiences significant movement, helping you time your transfer for maximum benefit.
Multi-Vendor Quote
If you are sending a larger foreign transfer (over $US50K per transaction or more than $US100K annual aggregate), enter the details to get multiple vendors competing to help you save even more. ave time and money – fewer websites to visit and you get a much better exchange rate & service.
We will forward your transaction details onto our FX partners who will then get in touch via phone or email (as requested) with their best rates for your particular requirements.
For other amounts use the below Rate Menu to view live & interactive International Money Transfer rate tables to compare available rates for the amount and then visit the best FX provider websites directly.
Safety and Security
Reputable money transfer providers are regulated by financial authorities in their operating countries. Always choose a licensed provider, and be wary of offers that seem too good to be true.
The Bottom Line
Large international transfers don’t have to be stressful or expensive. By using the right provider, staying informed about exchange rates, and taking advantage of money-saving tools and strategies, you can ensure your funds arrive safely and cost-effectively.
Explore our top-rated money transfer services now to find the best option for your next big transfer.
Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management. Foreign transfers to buy overseas property are typically for large amounts, so it's important to be aware that any currency movements of just a few percent can have a large cost to you when you come to settle. We take a look at five tips that can help you avoid common mistakes and save money on overseas property purchases. Businesses need to send money overseas for all manner of reasons, from paying overseas vendors and suppliers to managing their company's foreign exchange risk. Whatever your business Forex requirements it’s important to know that you are getting a good deal and the right advice. Further reading on Large amounts - Guides, Reviews & News from our research team.
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Page Last Updated: 2025-04-04