In this article, we’ll explore the available options to send money to Pakistan from the UK.
As we’ll explain, there are a number of options you can choose from. These options range from connecting a global virtual bank account or an international digital bank account with free transfer services to traditional bank transfers – click here to learn more.
It’s important to understand the exchange rates and fees when transferring funds in the Pakistani rupee, the currency of Pakistan.
Of course, we’ll explore the other options for sending money to Pakistan from the UK as well, along with their pros and cons.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Send Money to Pakistan From the UK
- What Is the Best Way to Send Money From the United Kingdom to Pakistan?
- Factors to Consider Before You Send Money to Pakistan
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Send Money to Pakistan From the UK
To send money to Pakistan from the UK, you can choose from one of five transfer options. These options include international bank transfers, international transfer services, money orders, and money transfer services, as well as alternative transfer options, which we’ll explore below.
That said, before choosing which transfer option is best for you, it’s important to consider the various factors that can influence which platform is best for sending money to Pakistan from the UK.
Likewise, you should consider your specific priorities to decide which platform best matches your transfer requirements. Here are a few of the most common priorities that people have when trying to decide how to best send money.
Priorities When Sending Money
- Fastest transfer option
- Lowest-cost transfer option
- Safest transfer option
- Easiest to manage transfer option
We’ll discuss the most popular transfer options below and how they align with specific priorities so you can make a more informed decision whether you’re using an international money transfer to send money to Sri Lanka from the UK, Canada from the UK, or even Pakistan from the UK.
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What Is the Best Way to Send Money From the United Kingdom to Pakistan?
There is no single best way to send money to Pakistan from the UK. But, there are ways to look at each of the available options so you can decide which option is best for you. With this in mind, let’s take a look at the most popular options for sending money to Pakistan now.
Send Money Via a Bank Transfer
Bank transfers are best for individuals who are prioritizing security and sending large transfers. This is because bank transfers are sent through the SWIFT network over a direct connection between banks. However, you will need to confirm if the receiving bank in Pakistan requires the use of intermediary banks, which can result in additional fees and delays in sending the transfer.
Send Money Via a Transfer Service
Transfer services that specialize in cross-border transactions are best for individuals prioritizing low-cost and fast transfers to Pakistan. That’s because these services offer (in most cases) next-day transfers for a fraction of the cost that traditional banks charge. Additionally, they typically convert your British Pounds to Pakistani Rupee at competitive rates that are better than most banks.
Send Money Via a Money Order
Transfers sent via a money order are best for individuals who want to prioritize flexibility for the recipient when it comes to how they receive the funds in Pakistan. For example, money orders allow the recipient to pick up their transfer in cash at a money order agent location in Pakistan if that’s their preference.
Alternatives Ways to Send Money to Pakistan
There are other alternative ways to send money to Pakistan from the UK, including money transfer services like PayPal, cryptocurrency transfers to wallets or exchanges, and even using a debit or credit card to fund transfers.
Factors to Consider Before You Send Money to Pakistan
In this section of the article, we’ll explore the factors to consider before you send money to Pakistan from the UK. This is followed by a look at the various priorities that people typically have when sending money.
Important Factors to Consider
- Transfer fees
- Foreign exchange rates
- Transfer speed
- Security of the transfer
- Tracking of the transfer
- Ease of sending
- Access to the desired method
Not surprisingly, many of the priorities shared above align with the factors that most people consider when choosing how to send money to Pakistan from the UK.
That said, two of the most common concerns that people have when choosing the best method for transferring funds are the costs of transferring and additional fees, which we’ll explore now.
How Much Will It Cost to Send Money?
How much it will cost to send money ultimately depends on the transfer method you are using. For example, traditional banks typically charge between $35 and $50 for international transfers. However, an international transfer service like Wise may charge between $10 and $20 for the same transfer. Alternatively, if you are sending funds personally through a money transfer service like PayPal, you may just pay a percentage of the conversion being sent and the actual transfer is free.
Are There Any Other Money Transfer Fees?
Yes, there are other money transfer fees that you should be aware of. The most costly money transfer fee that can get added to a transfer is a foreign exchange fee. The foreign exchange fee relates to converting an incoming transfer from the source currency (e.g. GBP) to the receiving currency (e.g. PKR).
Frequently Asked Questions
Below are three of the most common questions that we receive from people looking to send money to Pakistan from the UK. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
What Is the Best Way of Sending Money to Pakistan?
The best way of sending money to someone in Pakistan is through the international transfer method that best aligns with your priorities. For example, if you are prioritizing speed and low-cost options, then an international transfer service may be best. On the other hand, if you are prioritizing security you may consider sending an international bank transfer through SWIFT to Pakistan. And, if you are prioritizing flexibility for the person receiving the transfer, you may want to consider a money order so the transfer can be received in cash in Pakistan.
Which UK Banks Send Money to Pakistan?
UK banks are capable of sending money to Pakistan. However, Pakistan is listed on the FATF greylist, so banks in Pakistan may request additional information when processing transactions. That said, Pakistan is not on the UK list of High-Risk Third Countries for AML purposes. So, UK banks should be comfortable facilitating transfers to the country. If you are dealing with a bank that is not comfortable with sending money to Pakistan, you can consider using an international transfer service instead.
Can We Transfer Money From The UK to Pakistan Bank Account?
Yes, you can transfer money from the UK to a Pakistani bank account. You can either do this by sending a transfer through the SWIFT network or by sending funds to a Pakistani bank account through an international transfer service. If you are looking for fast and cost-effective transfers, international transfer services may be a better option.
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