London Banking
Move money to London with a plan, not a last-minute exchange-rate guess
A practical guide to transfer timing, fees, exchange rates, safety and how to keep money accessible during your first weeks.
Quick answer
Do not move everything at once without a reason
Most newcomers need enough accessible money for arrival, deposits and first-month costs, plus a plan for larger transfers once banking and housing are clearer.
- Compare total cost, not just advertised fees.
- Keep backup access to money.
- Time transfers around deposits, rent and first payday.
Fees, rates and real transfer cost
A low fee can still be expensive if the exchange rate is poor. Compare the final amount received.
- Check transfer fee.
- Check exchange rate margin.
- Check receiving bank charges.
- Check speed and limits.
When to transfer money
Transfer timing should follow your cash-flow needs: arrival costs, temporary stay, deposit, rent and setup expenses.
Transfer tools and bank options
Banks, Wise-style services and specialist providers all solve different problems. The right choice depends on amount, currency and urgency.
| Option | Good for | Watch out for |
|---|---|---|
| Multi-currency provider | Transparent transfers and holding balances | Limits and verification checks |
| Home bank | Familiar backup | Fees and exchange rates vary |
| UK bank | Local setup once established | May not exist before arrival |
Transfer safety basics
Moving savings across borders deserves care. Verify accounts, keep records and do not transfer large sums to landlords or agents without legitimacy checks.
- Send a small test transfer first if needed.
- Keep receipts and confirmations.
- Avoid pressure payments.
- Protect login and verification details.
Personalised
Browse the Banking hubBuild your London money transfer plan
Landing Connect can help map transfer timing around arrival, housing, banking and first payday.
- Transfers
- Deposits
- Arrival buffer
- Banking
Takes a few minutes - Free - No sign-up required
Need to compare Wise and UK banks?
Use the comparison guide to decide what to use first.
Open comparison guide →