Saying ‘I do!’ Abroad: Paying for an Overseas Wedding

bride and groom with confetti If you are getting married abroad then there are three ways in which you can plan it. We’ve looked at paying for an overseas wedding.

  1. Use a British planner that specializes in organizing weddings abroad.
  2. Use a wedding planner in the country in which you want to organize the wedding.
  3. Do it yourself from the UK.


With options two and three, it is likely that you will need to make some overseas payments. The intention of this guide is to take you through the two most popular methods to pay for an overseas wedding, and consider their pros and cons.


Credit Card

This is, by far, the most common method as it is the most convenient. Remember to consider the fees that your credit card issuer will charge you when making a payment in a foreign currency overseas. Firstly they will charge you an international transaction fee. This is normally a flat rate of between £3 and £8. Secondly, they will charge you a percentage of the funds you are transferring which will likely be between 3% and 8%. This is quite a hefty fee but for payments that are under £1,000 you might be glad of the easy solution.


Direct Payment into a Bank Account

If you are transferring more than £1,000 then this might be a cheaper option. The source of your funds is up to you. You can either use your bank or a money transfer specialist. Both of these options will charge you two different types of fees.


  1. Transfer Fee. This is also sometimes called a Telegraphic Transfer fee. This can be £18 to £32 but most banks will reduce this charge if you make the transfer on-line instead of going into branch. If you choose a money transfer company then this fee is typically between £4 and £15. Some of these companies don’t charge this fee at all if the amount you are sending is above £10,000.
  2. Exchange Rate Margin. This rate is the difference you see between the exchange rate on (wholesale exchange rate) and the rate that the bank/transfer company offers to you. Or in other words the difference between the rate they buy the currency for compared to the rate they sell to you at.


If the money you’re transferring for the wedding is over £2,000 then the exchange rate you receive will have a big impact on the charges you have to pay.


Reduce the cost of getting married abroad by getting the best exchange rate

Planning and paying for a wedding is stressful enough and sending payments through a bank can unnecessarily increase the costs involved. Using a dedicated money transfer specialist such as OFX means you are getting a company with a proven track record in these kind of transactions.  And with excellent customer service, you can be guaranteed to beat the rates offered by the banks.


Whether you’re paying an initial deposit or for the whole wedding in one go, getting the best exchange rate is a sure fire way of reducing the costs.


Case Study

Mark and Julia are planning to get married in Jamaica next year. They have chosen the venue which has a dedicated wedding planning team in place to ensure nothing goes wrong.


After an initial deposit of £500 which they have paid by credit card, they are now required to pay another two deposits of £4,000 each in the coming months and want to choose the method of transfer with the lowest cost.


They decide to use a money transfer specialist. Not only are the fees charged lower than the ones their bank is offering, they also get the best exchange rate which reduces the cost of transferring the money.

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