Moving your savings to the UK when you already hold them abroad

Before anything else: your worry is probably tax, but your actual problem is the bank on the receiving side. Keep that the right way around and the rest of this reads straight.

The friction the transfer apps do not solve

If you were sending £300 home to your mother, Wise or Revolut would be the whole answer and this article would be a paragraph. That is not your situation. When you try to move a lump the size of a life saving, four separate walls appear at once.

The first is the rule on your side at home. Nigeria, India, China and Pakistan all limit how much foreign currency a resident individual can move out. The Philippines sets no yearly limit, but it asks for more paperwork above a daily line. The euro zone sets no limit either, but a person living in Germany has to report a payment abroad above 50,000 euros. The rule is different in each country and the number is not the one on the transfer-app comparison table.

The second is the apps themselves. Their limits depend on the direction you send. Some routes have low caps, and some apps do not send from your home country at all.

The third is the bank on the receiving side. Your UK bank has an obligation to ask "where did this money come from?" on a large incoming transfer, and it can freeze the account until you can answer with paperwork. Nobody warned you the question was coming and nobody told you what a good answer looks like.

The fourth is the tax question, and you should ask it before you move the lump, not after. HMRC does not tax the savings themselves on arrival for most people. What a tax adviser can tell you is which of your UK-resident years will have your future foreign interest counted as taxable, and whether the new four-year regime for new arrivals helps. That is a separate question with a separate answer, and it belongs with a tax adviser rather than a transfer app.

The order to take them in is: the UK bank first, because that is where a large incoming transfer gets frozen; the rule on your home side second, because that is where a transfer can be blocked before it leaves; the app third, since you can only pick the right tool once you know both ends; the tax question last, since it is the least urgent and the easiest to answer wrong from the internet.

The UK bank on the receiving side

Here is how it can go. You wire £50,000 from home into your UK account, and the next day the bank freezes the account. Then an email or an app message asks you for "proof of source of funds". You may never have heard the phrase, and you now cannot pay your rent.

This is not the bank accusing you of anything. UK law (the Money Laundering Regulations, enforced by the FCA) requires them to ask questions on transactions that look unusual for you, and a five- or six-figure inbound transfer from a country other than yours is by definition unusual for a new customer.

Also, no UK bank publishes the size that trips this. It is not £10,000 and it is not £8,800, whatever the internet says. It is discretionary and risk-based.

So the useful question is what you have ready when the request arrives, not how to stay under some limit. A short paperwork pack, prepared before you send, closes most of these conversations quickly.

Chase UK is the one big UK bank that publishes its list on the public web, so use it as your template even if you bank elsewhere. Working back from what Chase asks for, plus the FCA's risk-based framing (which the other UK banks all follow), what a reviewer is generally looking for is three things: a bank statement from the sending account showing the money accumulating, an ID that ties you to the sending account, and a document that explains where the money came from in the first place. None of the other big UK banks publishes an itemised list of its own; extrapolating from Chase is the closest a customer has to a template.

The document that explains the source depends on where the money came from. Inheritance: an executor's letter. Sale of a car: the V5C. Savings from a salary: several years of payslips or tax returns from home. Sale of a home: the sale contract and completion statement. A gift: a signed and dated letter from the person who gave it to you, ideally with their bank statement showing the outbound.

Two things Chase says explicitly: it will not accept a screenshot of the transfer confirmation, and it will not accept a handwritten letter. So build a small stack of official-looking paper from the country the money came from, showing the same story you have written on the source-of-funds form. If a paper is not in English, our advice is to get a certified translation.

Assemble that pack before you send the money, not after. Keep it in a folder. When the bank asks, you reply the same day.

• Do not time the transfer to a deadline. If the money is for a house completion, a rent deposit, a first-year tuition bill, send it several weeks before you need it. One customer on a UK money forum reported an account still frozen 10 days into a review. That is one customer's report, not a figure from any bank.
• Keep a second UK current account open with a different bank, funded with enough to live on for a month. If a freeze is put on the account the money arrived into, you should not be unable to pay rent from a different one.

The rule on your side at home

Every country you might be moving from has its own version of the same question: how much foreign currency are you allowed to move out, and what proof does the bank on the home side want. Check any live figure with your home central bank before you send.

Nigeria

If your money is in Nigeria, there is no simple "annual allowance" for moving personal savings out. What the Central Bank of Nigeria does have (in its Foreign Exchange Manual, fourth edition, May 2026) is the Personal Travel Allowance and Business Travel Allowance. Neither is a savings-move channel. We read the Manual on 4 November 2026.

The route that does work in practice is a domiciliary US-dollar account funded from foreign sources, which you then wire from to your UK account. If your money is sitting in a Naira account, we did not find a route in the Manual for buying dollars to move savings. Ask your bank what it allows before you plan around this.

India

If your money is in India, this is the friendliest of the routes. Which rule applies depends on whether you still live in India.

If you have moved abroad to live, your old savings account has to become a Non-Resident Ordinary (NRO) account. The Reserve Bank of India lets you send up to 1 million US dollars per financial year (April to March) from NRO accounts and from selling assets such as a flat. Above that, you need the Reserve Bank's approval. Money in a Non-Resident External (NRE) account is outside this limit. You can send all of it back out.

Any tax due in India has to be paid before the money leaves. Your bank will ask for tax forms, and a chartered accountant in India may need to sign one. Ask your bank which forms it wants. Do not try to skip them.

If you have not moved yet, you send under the Reserve Bank's scheme for residents, which banks call the LRS. It is only for people resident in India. It lets you send up to 250,000 US dollars per financial year for a wide list of purposes, including "maintenance of close relatives abroad" and "emigration". Your bank puts the transfer through against a Form A2 declaration, using your PAN. The quota does not roll over on 31 March, so if you are close to the limit and it is February, split the move across two financial years.

Above 10 lakh rupees per financial year, your bank collects Tax Collected at Source (TCS) and pays it into your Indian tax account. The rate is 20 percent, and it falls only on the amount above 10 lakh, not on the whole transfer. You get it back as a credit against your Indian income tax later, but the cash-flow hit is real. Education and medical are the exceptions, at 2 percent of the amount above 10 lakh.

We read the Reserve Bank's rules and these tax rates on 4 November 2026.

China

If your money is in China, this is the hardest of the routes. The State Administration of Foreign Exchange (SAFE) lets you buy up to 50,000 US dollars of foreign currency per calendar year. That is per person, not per transfer, and it counts any foreign currency you buy for any purpose. Above that cap, a bank can sell you more for a current payment (the rules' name for everyday spending, not moving capital) if you show your ID and proof of the amount.

The cap is on buying. HSBC China's guide for people who are not mainland Chinese says foreign currency already in your savings account can go abroad on valid ID. For mainland Chinese citizens, SAFE's rules allow up to 50,000 US dollars a day from a savings account on your ID, for a current payment. Above that, you also show proof of the amount. We read this rule on 5 November 2026. Ask your own bank whether these rules apply to you.

If you have moved abroad and hold legal immigration status there, moving what you owned before that has its own rules, and SAFE has to approve it. The same HSBC guide asks for an approval document from the SAFE office where you used to live. Ask your bank where to apply.

Do not split the money across family members' caps. The same guide says splitting a transaction to get around the rules is prohibited, and so is lending or borrowing a cap. Someone who borrows one goes on SAFE's Watchlist and loses the 50,000 dollars for that year and the next two.

If you are moving more than 50,000 dollars of savings out of China, talk to a professional adviser first. We read these rules on 4 November 2026.

Pakistan

If your money is in Pakistan, the State Bank of Pakistan lets you buy up to 10,000 US dollars a day from an exchange company, up to 100,000 US dollars a year, and send it abroad. Education transfers through a bank get a separate 70,000 dollars per year and medical transfers get 50,000 dollars per invoice. Above the annual cap you need SBP approval. The SBP has changed these numbers before, so check the current allowance before you start. We read these limits on 4 November 2026. The education and medical figures are from SBP's notice of December 2021.

Philippines

If your money is in the Philippines, the number to remember is 500,000 US dollars per individual per client per day. At or below that, your bank (an Authorised Agent Bank) takes a completed application to buy foreign currency (the Bangko Sentral ng Pilipinas's Annex A) and processes the sale.

Above that daily line, the bank needs Annex A plus the supporting documents listed in Appendix 1 of the BSP's Manual of Regulations on Foreign Exchange Transactions. If you have moved abroad, the row for you is item 6, Emigrants' assets. It asks for your visa or proof that you live abroad, proof that you own or transferred the assets, and proof of any income from properties. If you are not there in person, it also asks for a notarised special power of attorney. Since Circular 1192 (2024), banks no longer send those non-trade current-account transactions back to BSP for prior approval; the documentation regime does the work.

There is no hard annual cap on non-trade personal transfers for a genuine purpose. The per-client, per-day line is the one that matters. We read these rules on 4 November 2026, in the copy of the Manual saved in July 2026.

Germany, and other euro-zone countries

If your money is in the euro zone, there is no capital control to worry about and money moves freely between euro-zone banks. What Germany has instead is a reporting duty. Under Section 67 of the Foreign Trade and Payments Regulation, a person living in Germany who pays more than 50,000 euros to someone abroad must report it to the Bundesbank by the seventh working day of the following month. The bank does not withhold or block the payment. None of this can stop the money leaving. The duty is to report, not to seek approval. We read this rule on 4 November 2026.

Which apps work at this size

Once the rule on your side allows the transfer, and once the UK bank on the other end is primed to receive it, the last question is the tool. Most guides answer that with a comparison table pitched at a £500 send. Your move is a hundred times that, and the right tool for it is a different question.

Wise works well for a lot of these routes, but each direction has its own quiet limits. Sending rupees into India is fine and unrestricted at Wise's usual per-transfer limits. Sending them out of India through Wise is only for Indian tax residents living in India, at up to 60,000 US dollars per transfer. If you have moved abroad, use your Indian bank for this side.

Out of Nigeria, Wise does not move Naira in that direction at all, though it pays out Naira on the incoming side. Out of China, Wise supports the yuan only for a narrow set of personal users: people who are not mainland Chinese, have worked in China, and hold a valid Chinese tax record from the past three years. Everyone else uses a Chinese bank.

Sending pesos out of the Philippines through Wise is capped at 10,000 US dollars per transfer and 50,000 US dollars per calendar month. Sending rupees out of Pakistan through Wise is not currently supported at all. The routes SBP gives are an exchange company inside the limits above, a foreign currency account, or SBP approval through your bank.

For your direction, open the "Guide to XYZ transfers" page in the Wise help centre for your currency. The per-transfer cap on the specific direction you are sending is the number that matters. Scheme rules, regulator limits and Wise's own risk appetite all sit inside it. We read Wise's limits on 4 November 2026.

Revolut is similar in shape. Its UK help page, which we read on 4 November 2026, says there is no maximum on a bank transfer into your account. But the same page says your account has an annual deposit limit that counts incoming bank transfers. Revolut sets that limit automatically, and you cannot check or change it. So a large transfer can run into a limit you cannot see in advance. Revolut may also ask you for a source of funds document.

If you already have a Revolut UK account, it can receive from a bank on the home side, up to that limit. If you are trying to send from the home country through Revolut, check the home-country app supports personal-lump-size sending in your direction.

Check your currency first. Fixed rates are mainly offered in major currencies. OFX's list, from an FCA-authorised broker, has 15 currencies. It has the euro and the US dollar, but no rupees, pesos, naira or yuan. We could not read Currencies Direct's full list. If your money is in one of those four, ask the broker before you plan around a fixed rate. We read OFX's list on 5 November 2026.

A forward has a risk if your date moves. If the date falls away, or the money does not leave your home bank in time, the forward does not end by itself.

Currencies Direct's terms let you end a forward early by written notice, but you pay its costs and losses. If the pound has fallen since you fixed the rate, you owe the loss. What is left of your deposit comes back after that. If you do not have the money on the settlement date, it can close the contract and charge you the same costs and losses. Other brokers may differ, so ask before you sign. Do not fix the rate for a date you are not sure of.

A forward has a risk if the firm fails. Currencies Direct's terms say your deposit on a forward, and any extra payment it asks for if the rate moves (a margin call), are not safeguarded. If it became insolvent before your forward completed, you would join its list of creditors and might not get all of that money back. Ask any broker the same question.

If you need to fix the rate for a date, Currencies Direct is one broker to ask, if it can fix your currency. The company was set up in 1995 (Companies House 03041197) and is FCA-authorised. Boki may be paid if you sign up through this link. Get its quote, OFX's quote, Wise's price and your own bank's rate on the same day, and compare them. If you do not need a fixed rate and Wise is cheaper, use Wise and skip the broker.

Currencies Direct says one of its account managers will call you after you sign up. Ask any other broker if it works the same way. If you do not want the call, that broker is the wrong tool for you. Ask for the rate in writing before you agree to send.

The tax question, and what to ask

The tax situation for money moved into the UK from abroad changed on 6 April 2025. The UK ended the old rule for non-domiciled people, which taxed their foreign income and gains only when they brought the money into the UK. The Foreign Income and Gains (FIG) regime replaced it. If the advice you are reading online talks about that old rule and "non-dom" without mentioning FIG, it is out of date. Ask a UK-qualified tax adviser these three questions before you move the lump. This page is not tax advice.

The first is the date you became, or will become, UK tax resident. The answer is set by HMRC's Statutory Residence Test (RDR3). For a tax year it can be no, yes for the full year, or yes for part of the year (the "split year" rules). That date is the line between the two kinds of money in the next question.

The second is whether this money is pre-residency capital, or foreign income that arose after you became UK resident. Your savings you brought with you (whatever you had in the account before you became UK tax resident) are capital, and moving them to the UK is generally not itself a taxable event. Interest, dividends and gains those savings earned in your home account after you became UK resident are foreign income, and are in scope for UK tax under the arising basis.

In practice, most home accounts hold both, mixed together. HMRC's mixed-fund rules on which pound comes out first (its RDRM manual, from RDRM35200) belong to the old rule for non-domiciled people. We did not find an HMRC page that applies them to someone taxed on income as it arises. So ask your adviser how to separate the interest from the savings.

The third is whether you are eligible for the new four-year FIG regime, and whether an election makes sense. The FIG regime is available to new UK residents who were non-UK resident for at least the previous ten tax years. It lets you elect, year by year for up to four years, to exempt qualifying foreign income and gains from UK tax.

The catch: in any year you elect, you give up your personal allowance and your capital gains tax annual exemption. Whether the trade is worth it depends on how much foreign interest and gains you are earning. HMRC's Helpsheet HS266 (2026) and its online eligibility checker are the primary references your adviser will use. Do not just assume you should elect; the arithmetic is real.

If any other guide tells you "HMRC will tax you on the lump when it arrives", it is wrong. HMRC does not tax the capital itself. What it taxes is any foreign income or gain the money earned in a year you were UK resident, which is a different question, and one your adviser can work out from your dates.

The order to do it in

1. Assemble the source-of-funds pack before you touch the money. Bank statements from home showing the balance building, tax returns or payslips from your home country, sale contracts or executor letters for lumps that came from a one-off event, ID that ties you to the home account. Get a certified translation of any paper not in English. All in one folder.
2. Take the three tax questions to a UK-qualified tax adviser (a Chartered Tax Adviser or an accountant with international-personal experience). Get them in writing.
3. Verify the rule on your side. Confirm the current limit with your home central bank and confirm your home bank knows what documents it wants to see.
4. Pick the tool for the size of the move. The best £500 rate is a different question from the tool that will clear a five- or six-figure personal transfer on the route you are sending.
5. Make sure you have a second UK current account with living-costs money in it. If a freeze hits the receiving account, do not have a rent problem.
6. Send. Reply to the source-of-funds request the same day it arrives, with your pack from step one.
7. Keep every record. Screenshots of the transfer confirmations, the source-of-funds correspondence, the tax adviser's letter. If the same conversation comes up in five years with a different bank, you want to be able to pull the folder and hand it over.

And for the smaller moves

Everything above is written for the reader with a life saving stuck at home. If the amount is smaller (a few thousand pounds every couple of months, a top-up between visits home, the last balance in an account you are closing), the answer is different and much easier.

If Wise or Revolut supports your route, use whichever gives you the better rate that day on the pair you are converting. For someone who has moved, Wise does not send out of Nigeria, Pakistan or India, and it sends yuan only for the narrow group above. On those routes, use the bank route in your country's section, whatever the size.

A bank is much less likely to ask questions about a £2,000 incoming transfer from your own account in your own name. The apps have plenty of room at that size. Send it, and put the money away.

If you are the reader at home wiring money to the UK rather than moving your own savings, that guide is here. Both pages sit under the between systems hub.

Corrections

• 2026-11-05: An earlier version said Wise, Revolut and the rest have limits that are small for a savings move, and the summary of this page said "the apps do not choke". Wise's UK limits page gives limits in the millions on euros and dollars, and the low caps are on some routes only. Nobody can see Revolut's limit, so nothing shows it is small. The page now says limits depend on the direction you send.
• 2026-11-05: An earlier version said Germany wants a report on any single transfer above a certain size. The report is only for people living in Germany, and it does not cover every payment. The page now says who it is for and gives the 50,000 euro line.
• 2026-11-05: The page did not say that Boki may be paid if you sign up through its Currencies Direct link. It now says so.
• 2026-11-05: An earlier version said a currency broker is usually the right tool for a move in the mid-to-high five figures and above, that it is what Boki would reach for, and that a broker quotes you a rate on the phone. We could not source these, and they are gone. It also recommended Currencies Direct for this shape of transaction. The page now names it as one broker to ask if you need to fix a rate for a date and it can fix your currency, and tells you to get OFX's quote too.
• 2026-11-05: An earlier version said a broker can fix a rate for a payout date, without saying that the currency may not be covered. OFX's list has no rupees, pesos, naira or yuan, so the page now tells you to check. It also did not say what happens if your date falls away. Under Currencies Direct's terms you pay its costs and losses, and the page now says so.
• 2026-11-05: An earlier version said brokers phone you after you sign up. We can show this only for Currencies Direct, so the page now says that. It also said your UK bank has an obligation to freeze the account until you answer. The page now says it can.
• 2026-11-05: An earlier version said people on UK money forums report accounts frozen for 10 days or more. We hold one such report, so the page now says one customer.
• 2026-11-05: The summary of this page said HMRC may come knocking. The page puts the UK bank first and says HMRC does not tax the savings themselves, so the summary has changed.
• 2026-11-05: An earlier version gave mainland Chinese readers no rule for foreign currency already in a savings account. The page now gives SAFE's daily limit for a current payment.
• 2026-11-04: An earlier version of this page gave India's LRS, with its 20 percent tax collected at source, as the rule for money in India. That scheme is for people resident in India. If you have moved abroad, the limit is 1 million US dollars per financial year from an NRO account, and the page now says so.
• 2026-11-04: An earlier version named Forms 15CA and 15CB and tied them to selling a property. India renumbered its tax forms in April 2026, so the page now says to ask your bank which forms it wants, and that an accountant may need to sign one.
• 2026-11-04: An earlier version said Wise could send pesos out of the Philippines at up to 9 million pesos per transfer. That is the peso-to-peso limit. Sending to another currency is capped at 10,000 US dollars per transfer and 50,000 US dollars a month.
• 2026-11-04: An earlier version did not say that Wise's route out of India is only for Indian tax residents living in India, and listed Wise's conditions for sending yuan as alternatives. All of the yuan conditions apply, and the line that SAFE's cap binds first for most residents is cut.
• 2026-11-04: An earlier version said a broker's rate is closer to the real rate than any UK bank, that its margin saves thousands of pounds on £50,000, that Currencies Direct has run personal transfers for around 30 years and takes a fraction of what a bank would, and that a broker beats Wise on a £50,000 transfer. No source shows these, so the page now gives the year the company was set up and tells you to compare quotes.
• 2026-11-04: An earlier version said a broker phones within a working day to walk you through your first transfer, and that the rate on the phone binds while the online rate is only an indication. We could not source these, and they are gone. It also said that if you do not want the broker's call, an app is the wrong tool. That was backwards: a broker is.
• 2026-11-04: An earlier version said a broker is authorised to keep your money in a segregated client account, next to a line about forward contracts. Currencies Direct's terms say a forward's deposit and any margin call are not safeguarded, so that line is cut and the page now gives the risk.
• 2026-11-04: An earlier version said your bank usually files Germany's report on payments above 50,000 euros. Section 67 puts the duty on the person living in Germany who makes the payment, and the page now says that.
• 2026-11-04: An earlier version said China's regulator refuses transfers for emigration and pointed to several family members as a way to move more than the cap. We could not support the first line, and the second is prohibited, so both are cut.
• 2026-11-04: An earlier version said converting naira happens at a rate the Central Bank of Nigeria sets, usually worse than the street rate, and that its rules move quarterly. Those lines are cut, along with the travel allowance figures, which are not a route for savings. The page now says to ask your bank what it allows. It also gave 1 June 2026 as the start date of the Foreign Exchange Manual. The Central Bank dates the manual May 2026.
• 2026-11-04: Other lines we could not support are cut or narrowed: that each country section links to the central bank, that Pakistan's limits moved several times in the last two years, a story about a missed house completion, that many Revolut routes are card-only or capped, that bank markups run 1 to 4 percent and easily reach four figures on £50,000, that banks never ask about a £2,000 transfer, and a warning about the wire button in a UK bank's app, which sends money out of the UK, not into it.
• 2026-11-04: An earlier version pointed to section RFIG41000 of the FIG manual for rules on which pound comes out first from a mixed account, and said HMRC's mixed-fund rules decide this on your transfer. That was the wrong manual: RFIG41000 has no such rules, and the note of 2026-07-31 below repeats the reference. The mixed-fund rules belong to the old rule for non-domiciled people, and the page now says so. The line that an adviser is worth their fee above about £20,000 had no source and is cut.
• 2026-11-04: An earlier version said the day the money moves changes the tax on the same £100,000, that moving it before you become resident is often the cleanest thing to do, and that you should time the transfer around your residency. We found no HMRC source for this, so those lines are cut. What matters is whether money is capital or income earned after you became resident.
• 2026-11-04: An earlier version said India's 20 percent TCS falls on the transfer. It falls only on the amount above 10 lakh rupees, and so does the 2 percent.
• 2026-11-04: An earlier version said China's 50,000 US dollar cap covers all your foreign currency, and that SAFE has to approve anything above it case by case and refuses property purchases abroad. The cap is on buying. Above it, a bank handles a current payment with proof of the amount. SAFE approval is for assets moved after you emigrate. We could not support the refusal, that banks unwind split transfers, or that a larger move takes several years, so those lines are cut. The page now says splitting is prohibited.
• 2026-11-04: An earlier version said most banks in Pakistan ask for a Federal Board of Revenue tax clearance certificate on larger transfers, and pointed to a bank channel inside the annual cap. We could not support either, so the page now gives the routes SBP names.
• 2026-11-04: An earlier version said the Philippines limits what a resident moves out, and listed source of funds, tax clearance and evidence of purpose as the Appendix 1 documents. The Philippines sets no yearly limit, and the page now gives what Appendix 1 asks of someone who has emigrated.
• 2026-11-04: An earlier version said a Naira balance has to be converted first at your bank's rate. We did not find this route in the Central Bank of Nigeria's Manual, and the page now says so. It also said other euro-zone countries have similar reporting rules to Germany and that Wise re-enabled Naira payouts. We could not support these, so the first is cut and the second now says Wise pays out Naira.
• 2026-11-04: An earlier version said Wise or Revolut is almost always the right tool for smaller moves, and that the rules on the home side have plenty of room. For someone who has moved, Wise does not send from Nigeria, Pakistan or India, and it sends yuan only for a narrow group, so the page now says this.
• 2026-11-04: An earlier version told you not to phone your bank before a large transfer, because flagging systems are automated. That rested on one forum post, so the advice is cut. It also said a review can hold money for one to two weeks. The page now gives this as what customers report on forums. The line that an algorithm and a reviewer who cannot tell you the number apply the trigger is cut, because we could not support it.
• 2026-11-04: An earlier version said every UK bank means what Chase says about screenshots and handwritten letters, and that papers must be in English or certified. Those were our inferences, so the first is cut and the second now reads as our advice. The line that an app will not tell you it does not support your country until you try is cut too.
• 2026-11-04: An earlier version said a large transfer into Revolut will arrive, and that Revolut's limits are often lower than Wise's. Revolut's page says your account has an annual deposit limit that you cannot check, so the page now says that, and the comparison with Wise is cut.
• 2026-11-04: The regulator and Wise figures on this page had no date. Each section now says when we read them.
• 2026-10-01: An earlier version of this page said Boki uses Currencies Direct for this shape of transaction, and that an FCA-authorised currency broker is what Boki uses for a transfer this size. Boki has no personal usage relationship with the broker, and both lines implied one; the broker paragraph now says Boki recommends Currencies Direct, which is what was meant, and the earlier sentence has been rewritten to say it is what Boki would reach for on a transfer this size.
• 2026-07-31: An earlier version of this page put the Philippines BSP threshold at USD 60,000 per transaction and described an "affidavit of undertaking" and BSP passing the transaction back for approval. The current BSP Manual of Regulations on Foreign Exchange Transactions sets the line at USD 500,000 per individual per client per day; below that, only the Annex A application is required; above it, Annex A plus the Appendix 1 supporting documents. BSP Circular 1192 (2024) removed the prior-approval step for non-trade current-account sales of foreign currency. The Philippines section has been rewritten to match.
• 2026-07-31: An earlier version said India's LRS cap applied to sending rupees INTO India. LRS is an outbound-from-India cap and does not apply to inbound. The Wise India paragraph has been rewritten so LRS is framed as an outbound cap, alongside Wise's own USD 60,000 per-transfer limit out of India.
• 2026-07-31: An earlier version said Wise personal users "cannot send yuan at all" out of China. Wise supports CNY outbound for a narrow set of personal users (non-mainland Chinese, those who have worked in China, or those with three years of Chinese tax records); for most residents the SAFE USD 50,000 annual cap binds first. The China paragraph has been softened accordingly.
• 2026-07-31: An earlier version grouped PHP and PKR outbound together as "fine within Wise's per-transfer limits". Wise does not currently support sending PKR out of Pakistan for personal transfers. The Pakistan half has been split out and pointed at the SBP-cap bank / exchange-company route.
• 2026-07-31: An earlier version said Revolut UK would "happily receive up to a million pounds a day" into a personal account. Revolut does not publish an inbound cap; the £1m figure is the UK Faster Payments per-transaction scheme cap and does not apply to SWIFT inbound. The Revolut paragraph has been rewritten to describe a risk-based review rather than a numeric daily cap.
• 2026-07-31: An earlier version pointed at RDRM75100 for mixed-fund ordering rules. RDRM75100 covers the transitional Temporary Repatriation Facility for people who used the old tax rule on foreign income; the general mixed-fund rules sit around RDRM35000, and the FIG-regime treatment sits in RFIG41000. The tax section has been repointed at those.
• 2026-07-31: An earlier version implied Chase's document list represented what other UK banks quietly want as fact. Rewritten as an inference from Chase's public list plus the FCA's risk-based framing, since none of the other big UK banks publish an itemised list.
• 2026-07-31: An earlier version stated a specific £500 to £2,000 bank markup on a £50,000 send. The paragraph has been reworded to describe a 1 to 4 percent typical markup range and to point the reader at Wise's comparison page for the numbers on their own pair.