Royal mail money transfer
Royal Mail offers a money transfer service that allows customers to send and receive money securely and conveniently. Here are some key features and benefits of Royal Mail's money transfer service:
How it works:
- The sender (you) visits a Royal Mail Post Office branch and fills out a money transfer form.
- You provide the recipient's name, address, and other required information.
- You pay for the transfer using cash, debit card, or credit card.
- Royal Mail sends the money to the recipient's bank account or makes it available for collection at a Post Office branch.
Benefits:
- Convenience: Send money from over 11,500 Post Office branches across the UK.
- Security: Royal Mail's money transfer service is secure and insured against loss or theft.
- Speed: Money is usually available for collection or deposited into the recipient's bank account within minutes.
- Flexibility: Send money to over 200 countries and territories worldwide.
- Competitive rates: Royal Mail offers competitive exchange rates and low fees.
Fees and charges:
- Transfer fee: £1.50 to £5.00, depending on the transfer amount and destination.
- Exchange rate: The exchange rate is set by Royal Mail and may vary depending on the transfer amount and destination.
- Recipient fee: Some recipients may be charged a fee by their bank or financial institution.
Limits:
- Maximum transfer amount: £10,000 per day.
- Minimum transfer amount: £1.00.
Recipient options:
- Bank account: Money is deposited directly into the recipient's bank account.
- Cash collection: Money is made available for collection at a Post Office branch.
- Mobile money: Money is sent to the recipient's mobile wallet or phone.
Additional services:
- Track and trace: Monitor the status of your money transfer online or by phone.
- Insurance: Royal Mail's money transfer service is insured against loss or theft.
- Customer support: Get help and assistance from Royal Mail's customer service team.
Overall, Royal Mail's money transfer service is a convenient and secure way to send money to individuals or businesses worldwide.