Frequently asked questions about money transfer service
Yes, Fonmoney is secure and trustworthy. We are an Authorised Payment Institution (API) and are licensed by HMRC and regulated by the Financial Conduct Authority (FCA) in the UK. This means that both your data as well as you money are completely safe with us.
All the current countries where you can send money to can be found on our homepage.
You can also check out our website: Transfer money abroad
You can send your money safely and quickly with Fonmoney if you live in Chile, the European Union, UK, Switzerland and Mexico. Fonmoney´s transfer service is also available to users from Liechtenstein, Iceland and Norway.
Fonmoney does not offer cash transfers at the moment. However, you can send money online directly to a bank account by using your credit card or your online bank account.
In some countries it is possible for the beneficiary to recieve the money in cash. In order to see if this option is available for your country of interest please select in our website the country you want to send money to.
Fonmoney is not a bank, but we are just as safe and secure! Fonmoney is regulated by the FCA (Ref. No 722528) and licensed by HMRC under license number 12579512. This way we are able to guarantee the security of your data, money, and transfers.
Making money transfers with Fonmoney is simple, fast and safe.

In order to start your transaction please visit our website and select the country you want to send money to. Then
1. Enter the amount you wish to send.
2. Enter the location, name and IBAN of the recipient.
3. Register/log in.
4. We will now ask you to verify your identity.
5. Pay for the transaction with a credit card or SOFORT transfer.

Once the transaction is entered, Fonmoney will keep you up to date on your transfer's every step.
With Fonmoney you can send money to a bank account in different countries. To send money, you need the IBAN and the first and last name of the recipient. In order to send money, Fonmoney is required by law to identify the sender. We need to ask our customers for documents: proof of identity and a selfie. The requested documents are uploaded in a secure manner. Your data is always safe with us.
Fonmoney transactions usually arrive to the recipient’s bank account within 1-2 business days. This does not apply to transactions to Cuba. ATTENTION! If you are making a transaction on a weekend or a banking holidays (this applies to the country you are sending from, as well as the country you are sending to) please keep in mind that the transaction will be processed on the next business day.
Fonmoney’s goal is to always be the most affordable option and to offer our customers the best exchange rates. Fonmoney can help you avoid high banking fees and save up to 80% of the transaction fees.
And as always, there are no hidden fees with Fonmoney! Once you type in the amount you want to send, you will see how much you have to pay, and that's it!
Our goal is to offer different target groups, especially to expats and business people, affordable international money transfers. We are daily working on this and improving our service! With Fonmoney you can save up to 90% fees! That means that you can support your family at the best deals - We are fast, safe and affordable.
Plus, our service is available only online and without administrating local agencies or representative personnel we can save substantial costs when compared to financial institutions which in the end translates into offering you more affordable and fast money transfers!
In comparison to other financial institutions, our service is available only online. Without administrating local agencies or representative personnel we save substantial costs and in the end we can offer you such affordable money transfers!
You can send money to any bank in your recipient's country. Keep in mind the beneficiary's bank account has to be in the local currency of that specific country.
Fonmoney is an online service that allows transactions at any time, so you can send money 24/7, regardless of the day or time.
Please keep in mind that should transfer on a weekend or on a bank holiday, either in the sender or reciever country, your transaction will be processed during the next business day.
You can check our current exchange rate on our website at any time. Choose the country you wish to send money to and then select “online money transfer”, you will be shown the exchange rate for that country.
When it comes about online money transfers, Fonmoney offers three payment methods:
- Payment via credit card (Visa, Mastercard, Maestro*) - Payment via Sofort Banking (if your bank account is at a bank in Austria, Germany, the Netherlands, Belgium or Poland). - Transfer directly to our bank *The payment with Maestro will depend on the card's issuing bank.
In order to send money from your bank account to another bank account abroad, we offer you the ''SOFORT Banking'' payment method. To make use of it you only need your access information for online banking. Just fill in your information and you are all set! You can also transfer the amount directly to our bank.
If you choose this option, the money transfer is connected with a small intermediate step. You have to be sure the money gets to us so we can complete the transaction. It is easy: you will receive a transaction overview at the end of your order. There you will see all transaction details, a reference number and the Fonmoney bank data. Now you have to transfer the selected amount to Fonmoney. You can do so with online banking or in the bank of your choice. As soon as we receive the money we will complete the transaction. The receiver and you will be informed by e-mail when the money has been transferred.
You can find the reference number for a transaction via bank transfer at the end of your transaction order. All of the shown data will be sent to you via e-mail as well. The reference number is important so we can assign your transaction and complete it as soon as possible. The number should look like this: FON-12345678910-12345.
Please contact our customer service [email protected], we are happy to help you and will send you your reference number again.
Fonmoney will keep the transaction data for three working days.
There will be costs of a SEPA transfer, which is incurred by your bank.
3D secure is a technology developed by Visa and MasterCard to combat anti-fraud by raising the security standards for online payments.

If you have a Visa or MasterCard, you can contact your bank any time to activate the 3D secure password. Depending on the country and the bank you are using, you will receive certain instructions regarding the activation of the 3D Secure Code. In some cases you will receive a password from the bank which can then be changed at a later date. In other cases you will receive mobile TAN codes from your bank, which can be used for online payments.
The CVV is the card verification value and the CVC is the card verification code. They are both 3 digit codes that can be found on the signature side of the credit card.
The safety of your banking and personal data is most important to us. Our website has an SSL certificate which encrypts your data and avoids it falling into the wrong hands. Please be reminded that your data, both personal and payment, and any document we might ask of you will be used only to verifiy your identity while making a money transfer.
For more details please read our Terms and Conditions.
Fonmoney handles your personal information and data securely and confidentially. This data is only used for your transactions and verification processes related exclusively to our services. For more information please view our Privacy and Cookie Statement.
As soon as Fonmoney has sent the money to your beneficiary, you will receive an e-mail. You can also check the status of your transaction at any time through your Fonmoney account.
No, we currently do not offer this option.
Depending on the receiver's country there are different limits imposed by the European financial regulators.
In order to register with Fonmoney, just go to and click on the link “REGISTER” in the top right corner. You can register with your e-mail address or alternatively with your Facebook account. Your information is safe!

ATTENTION! The data entered during registration must match your official personal data!
When registering with Fonmoney please make sure you introduce data that matches your official ID documents and residential address, especially if you want to make a money transfer. Nicknames or Initials won't be accepted and may delay both your registraton and use of Fonmoney's services. As mentioned, It is important that information you enter matches your official ID, this will allow us to quickly verify your identity and speed up the transaction process.
Fonmoney is regulated by the FCA in the UK and has the highest security standards set in place. In order to comply with FCA and European rules and regulations, we are obligated to ask for certain personal information for identity verification prurposes. Information required could be asked of you depending, but not limited to :

- Country specific regulations
- The amount of your transfer exceeds a certain limit
- Your transaction frequency

When making a bank transfer, depending on the amount being sent, we may need to verify your identity by going through a simple verification process with of our approved partners.

Once you have been sucessfuly verified, you will be allowed to continue with your transaction. In most cases, the verification process is one-time only.
Depending on the amount you want to send, we are obliged to eventually verify your personal information. This verification only takes place once, though in certain cases we may require additional documents.
Are you ready to send money with Fonmoney? We are. We just want to get to know you a little better. We are obliged by the rules of the FCA and the Bank of Spain to verify your identity by checking your documents. We need to ensure that you register on our website with your full name (as in your passport), date of birth and registered address. All customers must identify themselves with their valid photo ID (passport, national identity card, driver's license) and a selfie. In some cases, we may also need a copy of a current bill. Your residential address must be visible on this bill in order for us to process your transactions. Attention! Paper identification documents (such as some Italian, Greek documents, etc.) are not accepted.
Once you start transferring money, you will be taken through the transfer process step-by-step. During the process, the system will automatically request certain documents. We ask you to upload this so that we can verify your identity and proceed with the transaction.
For us to quickly verify your identity, we ask that you upload them in a PNG, JPG or PDF format, with a width of over 800 px.

Attention! The uploaded documents must be clearly visible and not blurry, so that your personal information is easy to read.
When you make a bank transfer abroad it is necessary that we get some personal information from you. This includes your current residential address. Please keep in mind that you enter your main address, not a secondary address.
The verification process offered by us and our partner Hooyu can take between 10-15 min. Before starting with the verification, make sure that you have your documents around you. For example your ID, passport or driving license in .JPEG, .PNG or .PDF format. If you have a smart phone with a quality camera and internet, you can also upload your documents by using it.

Please make sure that the uploaded documents are clear and thier margins are also in the picture. Thanks to our modern verification system you can upload them directly from your mobile phone provided that it has a camera with acceptable resolution lense and internet connection.
If there are any difficulties in uploading your documents or verifying your identity, please do not hesitate in contacting our Customer Support at [email protected]! We will try to find out why your verification could not be finalized.
Yes it is, as long as the currency of the country you are sending money to is Euro. It is possible to send money in EUR from the US, UK, Mexico, Chile and Swizerland.
If you have made a mistake while typing the IBAN and confirmed the transaction, please contact us AS QUICKLY AS POSSIBLE at [email protected].

We usually start processing your transaction as soon as payment has been completed in order to send the money as quickly as possible. For this reason it is of UTTERMOST IMPORTANCE that you contact us immediately in case there is still enough time to halt to process.
Yes! To do so, just log into your account and go to your transaction history.

Click on the transaction desired and then the “send again” button. You will be redirected straight to the check-out (without filling out the recipient's data), and that was it! The money transfer is processed immediately and the money will arrive shortly.
No. It is not necesarily to use a phone or a tablet to send money. However, if you want to use one of these devices,of course you can do it. Our webpage is optimized also for the mobile use so that you can easily proceed with your money transfers.
Yes. With Fonmoney you can send money online also by using your mobile phone or tablet. Our webpage is optimized also for the mobile use so that you can easily proceed with your money transfers.
Registered users will find all their transactions listed under "My Account".

If you have forgotten your Transaction ID, please contact our customer support team at [email protected] and tell us your full name. You can indicate us also the date, the IBAN or the recipient's name. The more details we have, the easier we can find your transaction in our system.
In order to check the transaction status, you must be logged into your Fonmoney account.

As soon as you are logged in, click on the sub-menu “My Transactions”, and you can check the status of any transactions.
There are various reasons this may have happened, depending on the individual case and transaction. If your money transfer was rejected or not completed, we will get in touch with you as soon as possible.

And you can, as always, contact us directly at [email protected]!
"Do you have questions about your transactions, or require additional information about our services? If you do, just ask our Customer Support at [email protected]! We are happy to answer any questions that may come up."
HooYu and SignD are our partners to verify your documents.

You can read more about this partnership from our article.
IBAN stands for International Bank Account Number. It is attached to bank accounts in most of the EU. This alphanumeric code tells us the name and location of the bank as well as the account number and the person the account belongs to.
Making a money transfer with Fonmoney has several benefits:

- Compared to SEPA, where the money transfer is only possible from one account to another (and with additional costs for currency exchange rates), Fonmoney allows you to send money into an account in the correct currency.
- Fonmoney always offers the best exchange rates.
- Faster money transfers: The recipient will get the money within a maximum of two business days.
- low fees, independent of the amount sent.
SEPA (Single Euro Payments Area) is the name for transactions made within the Euro-zone, which has the intention of simplifying international money transfers and removing the differences between national and international money transfers. SEPA was introduced to ensure lower costs and faster money transfers.
The SEPA zone includes all countries of the EU that use the Euro: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

The countries of the EU without the Euro: Bulgaria, Czech Republic, Croatia, Denmark, UK, Romania, Sweden, Hungary.
The countries of the European Economic Area (EEA): Switzerland, Iceland, Liechtenstein, Monaco, Norway, San Marino.
Others: United Kingdom.
When you register with Fonmoney, you have the following advantages:

- You will be informed on a monthly basis about current deals, offers and news regarding our products.
- You can check the status of your transactions at any time.
- You can resend previously processed transactions, without having to re-enter all the information again.
No, registering with Fonmoney is free.
Yes, you can change your data at any time.

How? Log into your Fonmoney account and click on “My Account” and then “Edit Information”. Don’t forget to save your changes, and that was it!
You forgot your password? No problem at all.

Just click on the “login” button on our homepage, and then on “forgot password?”. We will send you a link with which you can reset it.
We are sorry that you want to delete your account with us. Of course we respect your decision and still hope to keep you as a customer. For legal reasons, we are obliged to keep customer accounts for at least 5 years. However, we can deactivate your account. To deactivate your account, please contact our customer service at [email protected].
Your data security and money transfers play a fundamental role in our company. It is important to know that your data is carefully and confidentially stored and only used to provide our service under strict guidelines. You can find more information on our data protection agreement here.