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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 93.5% of United Kingdom to Portugal searches, and was the top rated company out of 17 that support GBP to EUR.
So for a great mix of cost, speed & features, make your United Kingdom to Portugal transfer using Wise.
How to get the best deal on your United Kingdom to Portugal transfer
Summary of recent searches
Important things to consider before sending money from United Kingdom to Portugal
Don't settle for the first option. Always compare ways to send money from United Kingdom to Portugal to find out about fees, speed, and reliability.
Our analysis included 17 providers that operate between United Kingdom and Portugal.
Through this, you get a comprehensive view of all the options you have in United Kingdom when you need to send money to Portugal.
Cheapest way to send money to Portugal from United Kingdom: Instarem
Data collected over the past six months show that Instarem is 0.3% cheaper than the second-best option.
The £0 transfer cost represents the most common fee for GBP to EUR international transfers, based on data from the past six months.
If you want to secure the best rates on a GBP to Portugal transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to GBP-EUR by Instarem, based on data from the past six months.
Fastest way to send money from United Kingdom to Portugal: Profee
Our data shows that Profee came up as the fastest way to send money from United Kingdom to Portugal in 53.3% of searches. This makes them well suited to urgent GBP to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from United Kingdom to Portugal - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Profee is your best choice at the moment. This service emerged as the quickest way to send money to Portugal from United Kingdom in 53.3% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send GBP from United Kingdom to Portugal, it’s the provider that will keep you safe and relaxed while your money moves into EUR.
Understanding the costs involved when moving money from United Kingdom to Portugal
When calculating the costs of money transfers between United Kingdom and Portugal, here's what really matters:
The Mid-Market Rate: Today, the GBP-EUR mid-market rate equals to 1.167937 EUR per Pound Sterling. Keep in mind that this rate fluctuates all the time.
The GBP-EUR average exchange rate of the past three months has been 1.1628 EUR per Pound Sterling, with a high of 1.1761 and a low of 1.1408.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent GBP to EUR rates that are only -0.04% away from the average.
How to find the best exchange rate for Pound Sterling to Euro
Timing is essential sending money between GBP and EUR. The exchange rate you secure impacts how much EUR you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to EUR has seen some fluctuation. On average, it stood at 1.1628.
During this period, the highest value recorded was 1.1761, while the lowest was 1.1408.
Wise, which is our recommended service to send money online from United Kingdom to Portugal offers an exchange rate that is only -0.04% above the mid-market rate.
Want to secure the best GBP-Euro exchange rates?
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Payment methods available to fund your United Kingdom to Portugal transfer
Bank transfers
Bank transfers are often the default option for sending money from United Kingdom to Portugal.
By using a money transfer company such as Instarem for transfers from United Kingdom to Portugal, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 17 we tested when sending GBP to Portugal.
With an average fee of GBP0 to send money from United Kingdom to Portugal, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from United Kingdom to Portugal with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from United Kingdom to Portugal, competing among a total of 17 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from United Kingdom to Portugal, Wise emerges as our top choice of the 17 companies offering this service.
Our comparison engine's last six months of data on GBP to EUR searches show Wise has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card 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.
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.
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