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The best way to send money from United Kingdom to Portugal

Compare ways to send money from United Kingdom to Portugal. Find the cheapest, fastest, and most reliable providers with the best GBP to EUR exchange rates.

Read on for the best deals, expert information, and all you need to send money to Portugal from United Kingdom.

Transferring the other way? Send EUR from Portugal to United Kingdom instead.
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Companies for transfers from United Kingdom to Portugal

Sponsored - Online

"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."

Fees
0.1% - 2.6%
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0%
Sponsored - Managed Service

"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."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.4% - 1.5%

"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."

Fees
0.1% - 2.6%
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0%

"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.2% - 0.7%

"Zing is a new money transfer app, offering a best-in-class mobile app & member perks. Fee structure is competitive, especially for smaller, regular payments."

Fees
0.2%
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0%

"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."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.4% - 1.5%

"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."

Fees
0.3% - 1%
Transfer Speed
Minutes - 5 days
Exchange Rate Markup
0.1% - 0.6%

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.4% - 1.5%

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Fees
$1.99 - $2.99
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.3% - 2.1%

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.15% - 1.5%

"Send money anytime, anywhere with the TalkRemit app. There's zero fees on your first transaction and you're able to send to family and friends in over 40 countries."

Fees
$1.99 - $3.99
Transfer Speed
Minutes - 3 days
Exchange Rate Markup
0.4% - 3.1%

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Fees
None
Transfer Speed
Minutes - 3 days
Exchange Rate Markup
0.1% - 1.3%

"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."

Fees
None
Transfer Speed
Minutes - 2 days
Exchange Rate Markup
1% - 2%

"Card-to-card transfers can be received in just two minutes."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
1.4% - 2.1%
Fees
None
Transfer Speed
1 - 5 days
Exchange Rate Markup
0.2% - 1.5%

"Xoom, a PayPal service, allows you to send money in more than 160 countries. You can send cash for over-the-counter pickup or home delivery, as well as send by bank transfer or debit card."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
2 - 3%

"Dahabshiil specialises in secure, affordable international money transfers, offering services across 120+ countries. It provides low fees, fast transactions, and mobile wallet options.

Fees
$1.99 - $3.99
Transfer Speed
Minutes - 3 days
Exchange Rate Markup
0.5% - 3.1%
Fees
Transfer Speed
Exchange Rate Markup

"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."

Fees
£/€/$3 - 5
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
1 - 2%

"Fast, secure internatinal transfers with no fees and transparent rates. They offer a free currency card for use at home and abroad."

Fees
None
Transfer Speed
Minutes - 2 days
Exchange Rate Markup
0.9% - 2%

"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."

Fees
$1 - $10
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
2 - 3%

"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
1 - 3%

"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."

Fees
None
Transfer Speed
Minutes - 2 days
Exchange Rate Markup
0.5% - 2%

"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."

Fees
1% - 3%
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
2 - 4%

Overall best way: Wise

Wise is our recommended company for GBP to EUR transfers.

Wise scored the highest of the 26 money transfer companies supporting GBP to EUR transfers.

In total, Wise appeared in 98.4% 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.

Screenshot

How to compare companies offering money transfers from United Kingdom to Portugal

Summary of recent searches

Top rated for transfers from United Kingdom to Portugal
Wise
Total number of GB - PT providers
26
Average cheapest fees & rate
Ria Money Transfer
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Ria Money Transfer
Best for debit card
Wise

Considerations ahead of sending money from United Kingdom to Portugal

1
Compare providers

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.

2
Get ahead of the Pound Sterling-Euro exchange rate
3
Choose the right payment method
4
Financial regulation in Portugal and United Kingdom
5
Consider transfer limits
6
Receiving money in Portugal
7
Have your ID ready
8
Tax declarations

Cheapest way to send money from United Kingdom to Portugal: Ria Money Transfer

The combination of the lowest fees and best exchange rate is through Ria Money Transfer. This makes them our cheapest transfer service of the 26 compared for sending Pound Sterling to Portugal.

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

Of the 26 companies compared, Wise currently offers the fastest money transfers to Portugal from the United Kingdom.

Our data shows that Wise came up as the fastest option for sending Pound Sterling into Euro in 70.3% 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 5.91 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.

Screenshot

Transferring large sums of money

For transfers of larger amounts of Euros to Portugal picking a provider with a competitive exchange rate and hands on management can make a huge difference.

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 1.1864 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 1.1906 EUR per Pound Sterling, hitting a high of 1.221 and a low of 1.161.

  • 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.

Mid-market Rate
1 
=
1.186379 
EUR

Over the last six months, between the United Kingdom and Portugal, the average numbers are:

  • GBP to EUR saw an average 1.1906 EUR mid-market rate.

  • The highest point was 1.221 EUR, while the lowest was 1.161 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, 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

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How long does it take to send money from United Kingdom to Portugal?
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Are there any minimum or maximum transfer amounts for sending money from United Kingdom to Portugal?
Can I schedule regular transfers between United Kingdom and Portugal?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.