Safe Money Transfers: 5 Things You Should Know When Sending Money Abroad

One of the most frequent questions people ask when sending money abroad is related to the safety and security of their money and data. “Is my money safe with Opal Transfer?”, you may ask. Yes, it’s safe to send money using Opal Transfer financial services and here are some strong facts about how this works, for the peace of your mind:

#1 Opal Transfer is an authorised payment institution
The company operates as a Payment Service Provider in the UK and EEA. This means that your money is always safe with Opal Transfer, as we are an Authorised Payment Institution, regulated by the Financial Conduct Authority (FCA) in the UK.  

#2 Opal Transfer is carefully supervised
Opal Transfer takes extra care with the safety of your money and the prevention of money laundering. Our company is registered with Her Majesty’s Revenue and Customs (HMRC) and you can always check Opal Transfer LTD in HMRC’s database using our registration number XRML00000109447.

#3 Opal Transfer prevents money laundering
Money transfers are closely monitored and regulated worldwide. To prevent money laundering or other illegal transactions, Opal Transfer applies the necessary preventive procedures, as requested by law. For this reason, we may ask you to send or upload through our website page or mobile app a copy of the ID or passport, proof of address, or proof of income source. To make it easier, you can also send these documents via email, at info@opaltransfer.com, or you can bring your original documents in person, at our physical branch in London.

#4 Your data is always protected with Opal Transfer
Opal Transfer applies SSL technology for processing all data. This ensures complete confidentiality of your data. Our company is registered with the Information Commissioner’s Office (ICO) that oversees the handling of public service information in the UK. You can find Opal Transfer LTD on the ICO website under the registration number Z1993210.
When you visit the Opal Transfer website on your computer, tablet, or mobile phone you can notice the small image of a padlock on your browser address box – just have a look at the bottom left of the web browser to see it. This icon confirms that your data travels on our website using the SSL protocol. This allows sensitive information such as card numbers, personal data, and login credentials to be securely and anonymously transmitted over the public Internet.

#5 The safety of your money transfers is guaranteed by Opal Transfer’s strong experience:

• We have 17 years’ experience in money transfers
• Over 300,000 people have already trusted us over time and they are happy with us
• We have dealt with over 700,000 receivers from 41 countries: UK, EU, and non-EU
• We have transferred over £2 billion and keep counting

Need help with your money transfer? Contact us now to get the support you need from the Opal Transfer team. We speak your language!