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Cheapest way to send money to the eurozone

British pound to Euro. Short-distance, high-volume, and the corridor where high-street bank margins are least defensible. Fintech pricing is close to the mid-market rate.

Mid-market rate
1.17 EUR
Seeded — no live feed for EUR
Cheapest route
0.00%
Revolut
Most expensive
5.14%
Typical high-street bank
Corridor volume
$12bn
Annual, order of magnitude

Routes ranked by total cost

GBP to EUR transfer routes ranked by total cost
ProviderTransfer feeFX markupTotal costThey receiveSpeedPayoutVerifiedGo
TradFiRevolut
None0.00%GBP 0.000.00%1,170 EURInstantBank, Walletverified 2026-08-14Get quote
TradFiAirwallex
None0.50%GBP 5.000.50%1,164.15 EURSame dayBankverified 2026-08-14Get quote
TradFiCurrencies Directrate margin not disclosed
None0.55%GBP 5.500.55%1,163.57 EUR1 dayBankverified 2026-08-14Get quote
TradFiOFXrate margin not disclosed
None0.65%GBP 6.500.65%1,162.4 EUR1–2 daysBankverified 2026-08-14Get quote
TradFiInstarem
GBP 2.500.50%GBP 7.490.75%1,161.24 EURSame dayBankverified 2026-08-14Get quote
TradFiWise
GBP 4.100.35%GBP 7.590.76%1,161.12 EURMinutesBankverified 2026-08-14Get quote
On-chainStablecoin route — EURC via Kraken
GBP 1.100.85%GBP 9.580.96%1,158.79 EURMinutes, including weekendsBank, Walletverified 2026-08-14
  • Buy EURC with GBPGBP 5.50· Bank-funded purchase at an exchange or on-ramp — around 0.5% plus a flat charge.
  • Send over EthereumGBP 0.60· Network fee only. No banking hours, no cut-off, no correspondent chain.
  • Sell for EUR at KrakenGBP 3.48· Local venue spread and withdrawal, about 0.35%. This leg is where the route is won or lost.

Sending GBP 1000 this way delivers 1,158.79 EUR. Compare on-ramps →

TradFiXE Money Transferrate margin not disclosed
None1.10%GBP 11.001.10%1,157.13 EUR1–2 daysBankverified 2026-08-14Get quote
TradFiPaysendrate margin not disclosed
GBP 1.501.10%GBP 12.481.25%1,155.39 EURMinutesCard, Bankverified 2026-08-14Get quote
TradFiPayoneerrate margin not disclosed
None2.00%GBP 20.002.00%1,146.6 EUR1–3 daysBankverified 2026-08-14Get quote
TradFiWorldRemitrate margin not disclosed
GBP 2.991.80%GBP 20.942.09%1,145.5 EURMinutesBank, Cash pickup, Walletverified 2026-08-14Get quote
TradFiMoneyGramrate margin not disclosed
GBP 4.992.90%GBP 33.853.38%1,130.4 EURMinutes (cash)Bank, Cash pickup, Walletverified 2026-08-14Get quote
TradFiWestern Unionrate margin not disclosed
GBP 5.993.20%GBP 37.803.78%1,125.78 EURMinutes (cash)Bank, Cash pickup, Walletverified 2026-08-14Get quote
TradFiTypical high-street bankrate margin not disclosed
GBP 20.003.20%GBP 51.365.14%1,109.91 EUR1–3 daysBankverified 2026-08-14Get quote

Costs are computed from each provider's published fee schedule and typical rate margin on this corridor, applied to your amount. Promotional first-transfer rates are excluded — they distort the comparison and expire. Always confirm the quote at checkout.

How the stablecoin route actually works

  1. 1. Buy EURC. Fund an exchange or on-ramp with GBP and buy the token. This leg costs roughly half a percent on a bank transfer, several percent on a card.
  2. 2. Send it over Ethereum. Cents in network fees, settled in seconds, on a Sunday if you like. This is the leg that gets all the attention and it is the cheapest part of the journey.
  3. 3. Cash out at Kraken. The recipient sells for EUR and withdraws to their bank or wallet — about 0.35%. This leg decides whether the route wins. The euro-token leg only makes sense if the recipient wants EURC; otherwise SEPA out of a fintech wins.

The recipient needs an account at a local venue and has to complete its identity checks. If they will not or cannot, the on-chain route is not available to you at any price — which is the honest reason the cash networks still exist.

Sending money to the eurozone

+ What is the cheapest way to send money to the eurozone?

Rank routes on transfer fee plus exchange-rate margin, not on the advertised fee. On this corridor the fintech providers and the stablecoin route via Kraken are typically within a percent of each other, while cash-network operators cost two to three percent more because you are paying for a physical payout counter.

+ How long does it take to send GBP to EUR?

Fintech and remittance transfers to a bank account usually land within minutes to one business day; bank wires take two to five days and stop over weekends. The stablecoin route settles in minutes at any hour, with the only wait being the local off-ramp's payout.

+ Is the stablecoin route to the eurozone actually cheaper?

It depends on the off-ramp. The on-chain transfer itself costs cents, but you pay to enter the system and roughly 0.35% to leave it at Kraken. That makes it competitive rather than automatically cheapest — and clearly better when speed, weekend availability, or being paid in dollars matters. The euro-token leg only makes sense if the recipient wants EURC; otherwise SEPA out of a fintech wins.

+ Do I need to pay tax or declare a GBP→EUR transfer?

Personal remittances are generally not taxable income for the recipient, but reporting rules, limits and crypto-specific charges vary by country. Check local rules before using any route, particularly the on-chain one.

Informational only, not financial advice. Terms, fees and availability change frequently — always verify on the provider's own site before committing funds. Some outbound links may be partner links; they never affect ranking or scoring.