How to send money to Portugal from UK with the best GBP-EUR rate

We’ve compared 13 companies, and found TapTap Send to be the cheapest, while Wise is the fastest.

Sending £6,000 gets you €7,164 with TapTap Send at 1.1940 EUR per GBP, about 0.15% more than the next best option.

Best companies for GBP/EUR transfers

13 of 13 providers

Last updated on 28 October 2026

Based on 6,000 GBP transfer

Best companies for GBP/EUR transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee £20.25 1 GBP = 1.1947 EUR +0.01% vs mid-market Recipient gets €7,144.25 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Portugal with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£20.251 GBP = 1.1947 EUR
€7,144.25You pay£6,000.00
Promoted

Xe

Pay via Debit card
Fee £0.00 1 GBP = 1.1922 EUR +0.22% vs mid-market Recipient gets €7,153.20 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Portugal with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1922 EUR
€7,153.20You pay£6,000.00

Run a live search

Showing top United Kingdom to Portugal deals for 6,000 GBP. Do a live search with your exact amount for today's best rates.

TapTap Send

Pay via Debit card
Fee £0.00 1 GBP = 1.1940 EUR +0.07% vs mid-market Recipient gets €7,164.00 Minutes
Cheapest
Receive to bank account

Ways to receive money in Portugal with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 GBP = 1.1940 EUR
€7,164.00You pay£6,000.00

Xe

Pay via Debit card
Fee £0.00 1 GBP = 1.1922 EUR +0.22% vs mid-market Recipient gets €7,153.20 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Portugal with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1922 EUR
€7,153.20You pay£6,000.00

Xe

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1922 EUR +0.22% vs mid-market Recipient gets €7,153.20 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Portugal with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1922 EUR
€7,153.20You pay£6,000.00

Xe

Pay via Credit card
Fee £0.00 1 GBP = 1.1922 EUR +0.22% vs mid-market Recipient gets €7,153.20 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Portugal with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1922 EUR
€7,153.20You pay£6,000.00
Exclusive: Special Rate for 1st Transfer

Key Currency

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1918 EUR +0.25% vs mid-market Recipient gets €7,151.08 Minutes - 3 days
Personal account managerReceive to bank account

Ways to receive money in Portugal with Key Currency when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 3 days
Free1 GBP = 1.1918 EUR
€7,151.08You pay£6,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1916 EUR +0.27% vs mid-market Recipient gets €7,149.65 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Portugal with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1916 EUR
€7,149.65You pay£6,000.00

TorFx

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1912 EUR +0.30% vs mid-market Recipient gets €7,147.50 Minutes - 24 hours
Personal account managerReceive to bank accountIdeal for buying property abroad

Ways to receive money in Portugal with TorFx when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1912 EUR
€7,147.50You pay£6,000.00

Wise

Pay via Bank transfer
Fee £20.25 1 GBP = 1.1947 EUR +0.01% vs mid-market Recipient gets €7,144.25 Within minutes
FastestRecommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Portugal with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£20.251 GBP = 1.1947 EUR
€7,144.25You pay£6,000.00

OFX

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1889 EUR +0.50% vs mid-market Recipient gets €7,133.16 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in Portugal with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1889 EUR
€7,133.16You pay£6,000.00

Currencies Direct

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1887 EUR +0.51% vs mid-market Recipient gets €7,132.20 Minutes - 24 hours
Personal account managerMulti-currency cardReceive to bank account

Ways to receive money in Portugal with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 1.1887 EUR
€7,132.20You pay£6,000.00

CurrencyFair

Pay via Bank transfer
Fee £2.51 1 GBP = 1.1878 EUR +0.59% vs mid-market Recipient gets €7,123.80 Minutes - 24 hours
Receive to bank account

Ways to receive money in Portugal with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
£2.511 GBP = 1.1878 EUR
€7,123.80You pay£6,000.00

Wise

Pay via Debit card
Fee £39.24 1 GBP = 1.1947 EUR +0.01% vs mid-market Recipient gets €7,121.56 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Portugal with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£39.241 GBP = 1.1947 EUR
€7,121.56You pay£6,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee £0.00 1 GBP = 1.1830 EUR +1.00% vs mid-market Recipient gets €7,098.00 Minutes - 24 hours

Ways to receive money in Portugal with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 1.1830 EUR
€7,098.00You pay£6,000.00
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
Free1 GBP = 1.1770 EUR
€7,062.00You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 1.1733 EUR
€7,039.80You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee £0.00 1 GBP = 1.1830 EUR +1.00% vs mid-market Recipient gets €7,098.00 Minutes - 24 hours

Ways to receive money in Portugal with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 1.1830 EUR
€7,098.00You pay£6,000.00
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
Free1 GBP = 1.1770 EUR
€7,062.00You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 1.1733 EUR
€7,039.80You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1830 EUR +1.00% vs mid-market Recipient gets €7,098.00 Minutes - 24 hours

Ways to receive money in Portugal with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 1.1830 EUR
€7,098.00You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 1.1749 EUR
€7,049.40You pay£6,004.99
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee £50.00 1 GBP = 1.1929 EUR +0.16% vs mid-market Recipient gets €7,097.96 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Portugal with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£50.001 GBP = 1.1929 EUR
€7,097.96You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Moneycorp

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1781 EUR +1.40% vs mid-market Recipient gets €7,068.64 Minutes - 2 days

Ways to receive money in Portugal with Moneycorp when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
Free1 GBP = 1.1781 EUR
€7,068.64You pay£6,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee £92.00 1 GBP = 1.1929 EUR +0.16% vs mid-market Recipient gets €7,047.85 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Portugal with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£92.001 GBP = 1.1929 EUR
€7,047.85You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Wise

Pay via Credit card
Fee £153.10 1 GBP = 1.1947 EUR +0.01% vs mid-market Recipient gets €6,985.53 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Portugal with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£153.101 GBP = 1.1947 EUR
€6,985.53You pay£6,000.00

Barclays

Pay via Bank transfer
Fee £0.00 1 GBP = 1.1619 EUR +2.79% vs mid-market Recipient gets €6,971.46 Minutes - 5 days
0 reviews

Ways to receive money in Portugal with Barclays when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 5 days
Free1 GBP = 1.1619 EUR
€6,971.46You pay£6,000.00
How Our Results Work
Mid-market rate: 1 GBP = 1.1948 EUR Updates every 60 minutes.

How to send money from UK to Portugal

Pick a company

For a one-off GBP transfer to Portugal, I suggest picking the cheapest option which is TapTap Send.

TapTap Send was the cheapest on 30 of the 30 days it quoted £6,000 transfers to Portugal.

On a 6,000 GBP transfer, TapTap Send delivers the most EUR.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/EUR rate.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and credit card.

Paying from your bank is usually both cheapest and quickest, since most companies connect straight into your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer it's normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Portugal?

How much GBP you send to Portugal heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows TapTap Send was the cheapest in 100% of the transfers from £6,000 it quoted, and in 98% of all the transfers it quoted.

Cheapest service
£5000.07%£0.00€597.00with debit card to bank deposit+€9.16
£1,0000.05%£0.00€1,194.00with debit card to bank deposit+€15.08
£2,000-0.04%£0.00€2,390.00with debit card to bank deposit+€25.71
£6,000This page0.07%£0.00€7,164.00with debit card to bank deposit+€54.39
£10,0000.07%£0.00€11,940.00with debit card to bank deposit+€99.84
£50,000-0.03%£0.00€59,750.00with debit card to bank deposit+€422.83
£250,000-0.03%£0.00€298,750.00with debit card to bank deposit+€2,009.36

Mid-market rate: 1 GBP = 1.1948 EUR

GBP/EUR Exchange Rate History

Is today a good time to send money from UK to Portugal?

The cheapest way to send GBP to EUR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's TapTap Send), across 30 days of comparisons for 6,000 GBP transfers to Portugal.

EUR received for £6,000, after fees

Wed, 28 Oct 2026Mid-market rate€7,169.00 TapTap Send €7,164.00 Barclays €6,971.46TapTap Send€7,164.00Xe€7,153.20Key Currency€7,151.08Extra cost of a bank€192.54

6,700
6,800
6,900
7,000
7,100
7,200
At the mid-market rateWith the cheapest optionWith a bankTapTap SendXeKey Currency
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1660 – €6,996.08
TapTap Send Cheapest 1.1650 £0.00 €6,990.00 −€6.08
Key Currency 1.1631 £0.00 €6,978.59 −€17.49
Xe 1.1579 £0.00 €6,947.40 −€48.68
Barclays 1.1340 £0.00 €6,803.92 −€192.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1693 – €7,016.03
TapTap Send Cheapest 1.1680 £0.00 €7,008.00 −€8.03
Key Currency 1.1664 £0.00 €6,998.49 −€17.54
Xe 1.1612 £0.00 €6,967.20 −€48.83
Barclays 1.1367 £0.00 €6,820.08 −€195.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1702 – €7,021.23
TapTap Send Cheapest 1.1710 £0.00 €7,026.00 +€4.77
Key Currency 1.1673 £0.00 €7,003.68 −€17.55
Xe 1.1621 £0.00 €6,972.60 −€48.63
Barclays 1.1386 £0.00 €6,831.69 −€189.54
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1735 – €7,040.99
TapTap Send Cheapest 1.1730 £0.00 €7,038.00 −€2.99
Key Currency 1.1706 £0.00 €7,023.39 −€17.60
Xe 1.1653 £0.00 €6,991.80 −€49.19
Barclays 1.1386 £0.00 €6,831.69 −€209.30
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1762 – €7,057.07
TapTap Send Cheapest 1.1760 £0.00 €7,056.00 −€1.07
Key Currency 1.1732 £0.00 €7,039.43 −€17.64
Xe 1.1594 £0.00 €6,956.40 −€100.67
Barclays 1.1444 £0.00 €6,866.46 −€190.61
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1733 – €7,039.75
TapTap Send Cheapest 1.1730 £0.00 €7,038.00 −€1.75
Key Currency 1.1704 £0.00 €7,022.15 −€17.60
Xe 1.1596 £0.00 €6,957.60 −€82.15
Barclays 1.1444 £0.00 €6,866.46 −€173.29
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1802 – €7,080.97
TapTap Send Cheapest 1.1810 £0.00 €7,086.00 +€5.03
Key Currency 1.1772 £0.00 €7,063.27 −€17.70
Xe 1.1722 £0.00 €7,033.20 −€47.77
Barclays 1.1483 £0.00 €6,889.57 −€191.40
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1787 – €7,072.08
TapTap Send Cheapest 1.1790 £0.00 €7,074.00 +€1.92
Key Currency 1.1757 £0.00 €7,054.40 −€17.68
Xe 1.1702 £0.00 €7,021.20 −€50.88
Barclays 1.1462 £0.00 €6,877.37 −€194.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1817 – €7,090.07
TapTap Send Cheapest 1.1800 £0.00 €7,080.00 −€10.07
Key Currency 1.1787 £0.00 €7,072.35 −€17.72
Xe 1.1734 £0.00 €7,040.40 −€49.67
Barclays 1.1498 £0.00 €6,898.54 −€191.53
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
TapTap Send Cheapest 1.1780 £0.00 €7,068.00 –
Xe 1.1707 £0.00 €7,024.20 –
Barclays 1.1472 £0.00 €6,883.07 –
Key Currency No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1792 – €7,075.15
TapTap Send Cheapest 1.1780 £0.00 €7,068.00 −€7.15
Key Currency 1.1762 £0.00 €7,057.46 −€17.69
Xe 1.1711 £0.00 €7,026.60 −€48.55
Barclays 1.1472 £0.00 €6,883.07 −€192.08
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1818 – €7,090.85
TapTap Send Cheapest 1.1820 £0.00 €7,092.00 +€1.15
Key Currency 1.1789 £0.00 €7,073.13 −€17.72
Xe 1.1598 £0.00 €6,958.80 −€132.05
Barclays 1.1488 £0.00 €6,892.54 −€198.31
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1818 – €7,090.85
TapTap Send Cheapest 1.1820 £0.00 €7,092.00 +€1.15
Key Currency 1.1789 £0.00 €7,073.13 −€17.72
Xe 1.1598 £0.00 €6,958.80 −€132.05
Barclays 1.1488 £0.00 €6,892.54 −€198.31
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1821 – €7,092.59
TapTap Send Cheapest 1.1820 £0.00 €7,092.00 −€0.59
Key Currency 1.1791 £0.00 €7,074.86 −€17.73
Xe 1.1736 £0.00 €7,041.60 −€50.99
Barclays 1.1494 £0.00 €6,896.16 −€196.43
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1838 – €7,102.78
TapTap Send Cheapest 1.1820 £0.00 €7,092.00 −€10.78
Key Currency 1.1808 £0.00 €7,085.03 −€17.75
Xe 1.1752 £0.00 €7,051.20 −€51.58
Barclays 1.1509 £0.00 €6,905.15 −€197.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1826 – €7,095.85
TapTap Send Cheapest 1.1820 £0.00 €7,092.00 −€3.85
Key Currency 1.1797 £0.00 €7,078.11 −€17.74
Xe 1.1743 £0.00 €7,045.80 −€50.05
Barclays 1.1519 £0.00 €6,911.56 −€184.29
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1820 – €7,092.12
TapTap Send Cheapest 1.1820 £0.00 €7,092.00 −€0.12
Key Currency 1.1791 £0.00 €7,074.39 −€17.73
Xe 1.1736 £0.00 €7,041.60 −€50.52
Barclays 1.1491 £0.00 €6,894.35 −€197.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1848 – €7,108.96
TapTap Send Cheapest 1.1850 £0.00 €7,110.00 +€1.04
Key Currency 1.1819 £0.00 €7,091.19 −€17.77
Xe 1.1762 £0.00 €7,057.20 −€51.76
Barclays 1.1491 £0.00 €6,894.35 −€214.61
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1833 – €7,099.57
TapTap Send Cheapest 1.1860 £0.00 €7,116.00 +€16.43
Key Currency 1.1803 £0.00 €7,081.82 −€17.75
Xe 1.1619 £0.00 €6,971.40 −€128.17
Barclays 1.1541 £0.00 €6,924.48 −€175.09
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1833 – €7,099.57
TapTap Send Cheapest 1.1830 £0.00 €7,098.00 −€1.57
Key Currency 1.1803 £0.00 €7,081.82 −€17.75
Xe 1.1620 £0.00 €6,972.00 −€127.57
Barclays 1.1533 £0.00 €6,919.99 −€179.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1888 – €7,132.88
TapTap Send Cheapest 1.1880 £0.00 €7,128.00 −€4.88
Key Currency 1.1858 £0.00 €7,115.05 −€17.83
Xe 1.1804 £0.00 €7,082.40 −€50.48
Barclays 1.1555 £0.00 €6,933.11 −€199.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1884 – €7,130.17
TapTap Send Cheapest 1.1880 £0.00 €7,128.00 −€2.17
Key Currency 1.1854 £0.00 €7,112.34 −€17.83
Xe 1.1802 £0.00 €7,081.20 −€48.97
Barclays 1.1555 £0.00 €6,933.11 −€197.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1931 – €7,158.76
TapTap Send Cheapest 1.1920 £0.00 €7,152.00 −€6.76
Key Currency 1.1901 £0.00 €7,140.86 −€17.90
Xe 1.1850 £0.00 €7,110.00 −€48.76
Barclays 1.1604 £0.00 €6,962.37 −€196.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1930 – €7,157.93
TapTap Send Cheapest 1.1920 £0.00 €7,152.00 −€5.93
Key Currency 1.1900 £0.00 €7,140.04 −€17.89
Xe 1.1847 £0.00 €7,108.20 −€49.73
Barclays 1.1605 £0.00 €6,963.24 −€194.69
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1958 – €7,174.57
TapTap Send Cheapest 1.1940 £0.00 €7,164.00 −€10.57
Key Currency 1.1928 £0.00 €7,156.63 −€17.94
Xe 1.1875 £0.00 €7,125.00 −€49.57
Barclays 1.1619 £0.00 €6,971.12 −€203.45
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1939 – €7,163.41
TapTap Send Cheapest 1.1930 £0.00 €7,158.00 −€5.41
Key Currency 1.1909 £0.00 €7,145.50 −€17.91
Xe 1.1694 £0.00 €7,016.40 −€147.01
Barclays 1.1624 £0.00 €6,974.48 −€188.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1939 – €7,163.41
TapTap Send Cheapest 1.1940 £0.00 €7,164.00 +€0.59
Key Currency 1.1909 £0.00 €7,145.50 −€17.91
Xe 1.1701 £0.00 €7,020.60 −€142.81
Barclays 1.1624 £0.00 €6,974.48 −€188.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1912 – €7,147.46
TapTap Send Cheapest 1.1920 £0.00 €7,152.00 +€4.54
Key Currency 1.1883 £0.00 €7,129.60 −€17.86
Xe 1.1829 £0.00 €7,097.40 −€50.06
Barclays 1.1602 £0.00 €6,961.16 −€186.30
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1939 – €7,163.65
TapTap Send Cheapest 1.1940 £0.00 €7,164.00 +€0.35
Xe 1.1915 £0.00 €7,149.00 −€14.65
Key Currency 1.1910 £0.00 €7,145.74 −€17.91
Barclays 1.1625 £0.00 €6,975.30 −€188.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.1948 – €7,169.00
TapTap Send Cheapest 1.1940 £0.00 €7,164.00 −€5.00
Xe 1.1922 £0.00 €7,153.20 −€15.80
Key Currency 1.1918 £0.00 €7,151.08 −€17.92
Barclays 1.1619 £0.00 €6,971.46 −€197.54

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more EUR per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 10 of the last 30 days.

Right now, TapTap Send pays 7,164 EUR on 6,000 GBP, which is 5 EUR less than the mid-market amount.

Today's payout is the highest in the past month.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Portugal.

We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. TapTap SendAppeared in 196 comparisons

    Cheapest in 98% of them

  2. XeAppeared in 165 comparisons

    Never the cheapest

  3. Key CurrencyAppeared in 104 comparisons

    Never the cheapest

  4. BarclaysAppeared in 166 comparisons

    Never the cheapest

Based on 196 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today TapTap Send is the cheapest and gets you the most EUR, and it was also the cheapest in 98% of the 196 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Portugal.

Xe (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Portugal.

Ways to send money from the UK to Portugal

There are many ways to send money to Portugal from the UK, including broker, app, online, multi-currency account, global account, in person, and bank, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Portugal, say weekly or monthly, an app like TapTap Send is the easiest and cheapest way to do it.

It charges £0 in fees, has 0.07% markup, lets you save recipient details, and EUR will arrive in minutes.

Over the past month, TapTap Send was the cheapest app on 100% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized EUR transfers, around £1,000 - £5,000.

Online companies like Xe often have higher limits and/or first time promos.

Of the 13 companies we compared, Xe is the cheapest online service and will get you €7,153.2 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 2 of the 30 days it quoted.

For large transfers

Brokers

Currency brokers like Xe are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).

You get a dedicated account manager to handle your transfer to Portugal, and 24/7 support.

Xe charges no fees on large transfers, but adds 0.22% markup on top of the current GBP/EUR rate.

The markup gets better the more GBP you send, so we suggest .

Our analysis shows Xe was the cheapest broker in 5% of the transfers from £6,000 it quoted.

For fast money transfers

Cash transfer

Sending cash is the fastest way to send money from the UK to Portugal, but is usually a bit more expensive.

You will need to deposit £6,000 online via MoneyGram, and your recipient in Portugal will be able to collect €7,098 in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

For spending and receiving

Multi-currency accounts

Multi-currency accounts let you hold and spend Euros abroad like a local.

Wise offers the best multi-currency account.

With it, converting £6,000 to EUR will get you €7,144.25 after fees.

If you don’t have EUR in your account, your GBP will auto-convert whenever you pay with Wise in Portugal.

Once you have EUR in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Portugal, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Only if you have to

Banks

Your UK bank is the most expensive way to send money to Portugal.

On a £6,000 transfer, banks like Barclays will add 2.79% markup, getting you €6,971.46 vs €7,164 with TapTap Send.

We found Barclays was the cheapest bank on 30 of the 30 days it appeared for this amount.

Ways to fund GBP and receive EUR in Portugal

Pay-in and pay-out methods will affect how much GBP you deposit and how much EUR your recipient gets. Use the table below to see how different options change how much you pay and what they get.

Our data shows that TapTap Send gets your recipient 192.54 EUR more than Barclays, today's cheapest bank, on the same £6,000.

The overall best and cheapest way to send £6,000 to Portugal is via TapTap Send, using a debit card to deposit GBP and bank deposit to receive EUR.

Depositing GBP

You have 3 pay-in options for transfers to Portugal, including bank transfer, debit card, and credit card.

The cheapest pay-in option is debit card.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is credit card.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Portugal

Money can reach Portugal by bank deposit, card deposit, and cash pickup, and each delivery method comes with its own fees.

The cheapest way to receive money in Portugal is with bank deposit on average.

Receiving cash

MoneyGram is the cheapest option for cash pickup (getting you €7,098 on a £6,000 transfer).

Digital wallets

Your recipient can receive EUR directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.

  1. 1
    Debit card Bank deposit

    You pay £6,000.00

    €7,164

    Cheapest

  2. 2
    Bank transfer Bank deposit

    You pay £6,000.00

    €7,153

    -€11

  3. 3
    Credit card Bank deposit

    You pay £6,000.00

    €7,153

    -€11

  4. 4
    Debit card Card deposit

    You pay £6,000.00

    €7,062

    -€102

  5. 5
    Credit card Card deposit

    You pay £6,000.00

    €7,062

    -€102

Show moreShow less
  1. 6
    Bank transfer Cash pickup

    You pay £6,004.99

    €7,049

    -€115

  2. 7
    Debit card Cash pickup

    You pay £6,004.99

    €7,040

    -€124

  3. 8
    Credit card Cash pickup

    You pay £6,004.99

    €7,040

    -€124

Consider this when sending GBP to Portugal

There are a few nuances you should consider before sending GBP to Portugal such as limits, taxes, and safety.

Compare GBP/EUR transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Portugal:

Cheapest way to send money to Portugal

The cheapest way is to use TapTap Send, pay in with a debit card and withdraw via bank deposit. You will get €7,164, which is 0.15% more than the next best option.

Fastest way to send money to Portugal

The fastest way is to use Wise via bank transfer deposit and bank deposit for pay out. You get €7,144.25 and it will arrive in within minutes.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/EUR transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with TapTap Send will get you 7,164 EUR, that’s including £0 fee and 0.07% in exchange rate markup.

A bank like Barclays on the other hand, will get you €6,971.46, that’s £0 in fees but 2.79% in FX fees.

Taxes on money transfers

There is no UK tax for the act of sending money to Portugal.

And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 13 regulated companies offering money transfers from the UK to Portugal in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/EUR pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 196 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/EUR transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on how we work:

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.