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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
Overall best way: Wise
Wise scored the highest of the 26 money transfer companies supporting GBP to EUR transfers.
In total, Wise appeared in 98.5% of United Kingdom to Portugal searches.
For a great mix of cost, speed & features, we advise using Wise for your United Kingdom to Portugal transfer.
How to compare companies offering money transfers from United Kingdom to Portugal
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Portugal. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Portugal.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations ahead of sending money from United Kingdom to Portugal
A comparison of providers offering services between the United Kingdom and Portugal, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 26 providers that provide services for sending Pound Sterling to Portugal. This ensures you will get the best options for your transfer to Portugal from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to Portugal.
Cheapest way to send money from United Kingdom to Portugal: Ria Money Transfer
Our data shows, over the past six months, that Ria Money Transfer is 0% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 4* GBP and a GBP-EUR exchange rate for international transfers that is 2.8% different to the mid-market rate.
Securing the best rates on a GBP to Portugal transfer can be done with Ria Money Transfer but you can always search for your specific amount.
*The most common fee applied by Ria Money Transfer when sending GBP-EUR, based on data from the past six months.
Fastest way to transfer money from United Kingdom to Portugal: Wise
Our data shows that Wise came up as the fastest option for sending Pound Sterling into Euro in 59.7% of searches. This makes them well suited to urgent GBP to EUR money transfers.
The average fee for a GBP-Euro transfer through Wise is 4.61 GBP.
To get the 'fastest' option we compared 26 providers for overall speed of sending money from the United Kingdom to Portugal - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Portugal.
When speed matters, Wise is your best choice for sending into Portugal from the United Kingdom.
Transferring large sums of money
Of the 26 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom to Portugal.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from the United Kingdom to Portugal can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the costs involved when transferring money to Portugal from United Kingdom
When calculating the cost of sending money from the United Kingdom to Portugal, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-EUR mid-market rate is 1.198 EUR per Pound Sterling. Finding a provider as close to this number as possible will ensure more Euro for your money.
As a comparison, the GBP-EUR mid-market rate for the past three months has averaged 1.1821 EUR per Pound Sterling, hitting a high of 1.2035 and a low of 1.1564.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and Portugal.
Often the GBP-EUR exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Portugal.
Fees: Transfer fees are charged on top of a transfer. Ria Money Transfer currently offers lowest fees, at an average of 4 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Euro is the biggest indicator in the total cost of sending money to the United Kingdom from Portugal. The higher the total amount received in Portugal, the lower the cost of sending from the United Kingdom.
Tracking the exchange rate for Pound Sterling to Euro
Getting a better exchange rate between GBP and EUR can make a huge difference to the overall cost of sending money.
Over the last six months, between the United Kingdom and Portugal, the average numbers are:
GBP to EUR saw an average 1.1821 EUR mid-market rate.
The highest point was 1.2035 EUR, while the lowest was 1.1564 EUR.
26 providers are currently offering transfers between the United Kingdom and Portugal.
Want to secure the best GBP-Euro exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Portugal!
Payment methods available to fund your United Kingdom to Portugal transfer
Bank transfers
Bank transfers are often the better option for money transfers from the United Kingdom to Portugal.
Sending money via a bank transfer with a company such as Ria Money Transfer for transfers from the United Kingdom to Portugal allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Ria Money Transfer is the best provider for bank transfers of the 26 we tested when sending GBP to Portugal.
With an average fee of GBP4 to send money from the United Kingdom to Portugal, Ria Money Transfer offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the United Kingdom to Portugal with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from the United Kingdom to Portugal, competing among a total of 26 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from the United Kingdom to Portugal, Xe emerges as our top choice of the 26 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Portugal and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Portugal.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
