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Companies for transfers from Germany to United Kingdom
"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."
"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."
"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."
"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."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."
"Card-to-card transfers can be received in just two minutes."
"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."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Fast, secure internatinal transfers with no fees and transparent rates. They offer a free currency card for use at home and abroad."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
"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."
"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."
Overall best way: Wise
Wise scored the highest of the 23 money transfer companies supporting EUR to GBP transfers.
In total, Wise appeared in 99.3% of Germany to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Wise for your Germany to United Kingdom transfer.
How to compare companies offering money transfers from Germany to United Kingdom
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from Germany to the United Kingdom. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to the United Kingdom.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from Germany to your chosen country & currency.
Summary of recent searches
Considerations for sending money from Germany to United Kingdom
Always compare ways to send money from Germany to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 23 providers that operate between Germany and United Kingdom.
Through this, you get a comprehensive view of all the options you have in Germany when you need to send money to the United Kingdom.
Cheapest way to send money from Germany to the United Kingdom: Revolut
Data collected for transfers between Germany and the United Kingdom over the past six months shows that Revolut is 0.2% cheaper than the second-best option.
This cost combines an average exchange rate between the Euro and Pound Sterling that is 0.13% different to the mid-market rate and an average fee of 0* EUR.
*The most common fee applied to EUR-GBP by Revolut, based on data from the past six months.
Fastest way to send money to the United Kingdom from Germany: Paysend.
In our comparison, we found Paysend to be the fastest way to send Euros to Pound Sterling in 46% of transfers. For quick transfers between EUR and GBP, Paysend comes highly recommended.
Sending money from Germany to the United Kingdom through Paysend has an average fee of 0 EUR.
To find the fastest company, we compared 23 money transfer providers for the overall speed of sending money from Germany to the United Kingdom. This was made up of depositing Euro to a money transfer account and transfer times to the United Kingdom.
When looking for the fastest money transfer, Paysend is our best choice for sending into United Kingdom from Germany.
Sending large amounts of money
Of the 23 companies compared, Wise has the strongest option for large transfers from Germany to the United Kingdom.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Euro to Pound Sterling.
The Wise rate makes them great for large transfers between the United Kingdom and Germany.
Tax implications on transfers from Germany and into the UK
When receiving money in the UK from Germany, the recipient should be aware of any legal and tax implications of the transfer.
Depending the type of transfer being received, obligations in the UK will differ.
There are also potential tax reliefs that those receiving money in the UK from Germany should be aware of.
These are:
Type of Income/Tax | Declaration or Relief | Details | Monetary Values |
|---|---|---|---|
Employment Income | Declaration | Salary or wages received from abroad are subject to UK income tax. | Tax rates: 20%, 40%, 45% based on income. |
Self-Employment Income | Declaration | Payments from clients abroad are subject to UK income tax. | Tax rates: 20%, 40%, 45% based on income. |
Pension Income | Declaration | Overseas pensions are subject to UK income tax, with possible exemptions depending on tax treaties. | Variable based on pension income. |
Foreign Investments | Declaration & Relief | Gains from selling overseas assets are subject to capital gains tax, with relief under double taxation agreements. | Tax-free allowance: £12,300 (2023-2024). Tax rates: 10% or 20%. |
Gifts and Inheritances | Declaration | Subject to UK inheritance tax, especially if the deceased was a UK domicile. | Threshold: £325,000. Tax rate: 40% above threshold. |
Foreign Dividends | Declaration & Relief | Subject to UK income tax, with possible relief for foreign tax paid. | Tax-free dividend allowance: £1,000. Tax rates: 8.75%, 33.75%, 39.35%. |
Foreign Interest | Declaration & Relief | Interest from foreign accounts is subject to UK income tax, with possible relief for foreign tax paid. | Tax-free savings allowance: £1,000 (basic rate), £500 (higher rate). |
Double Taxation Relief | Relief | Relief against UK tax liability for foreign tax paid on the same income. | Varies based on foreign tax paid. |
Remittance Basis (Non-Domiciled) | Declaration & Relief | Tax on foreign income and gains only if brought into the UK, with specific rules and charges. | Annual charge: £30,000 (residents of 7 out of 9 years), £60,000 (residents of 12 out of 14 years). |
Reporting Requirements | Declaration | All foreign income and gains must be reported to HMRC via self-assessment tax return. | Penalties and interest for non-compliance. |
Understanding the cost of moving money from Germany to United Kingdom
The total cost of sending money to the United Kingdom from Germany, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for EUR-GBP is 0.8269 GBP per Euro.
Finding a company offering an exchange rate closer to this will mean more Pound Sterling for your Euro.
The average EUR-GBP mid-market rate for the last three months has been 0.8405 GBP per Euro. This includes a high of 0.8615, and low of 0.8232.
Out of the 23 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting EUR to GBP should be the biggest determining cost factor when transferring Euro to the United Kingdom.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Revolut, with a fee average of 0 EUR per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Pound Sterling eventually received in the United Kingdom.
A lower cost of sending from Germany will result in more money received in the United Kingdom.
How to find the best exchange rate for Euro to Pound Sterling
Timing is essential for sending money between EUR and GBP. The exchange rate you secure impacts how much GBP you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to GBP has seen some fluctuation. On average, it stood at 0.8405.
During this period, the highest value recorded was 0.8615, while the lowest was 0.8232.
Wise, which is our recommended service to send money online from Germany to United Kingdom offers an exchange rate that is only 0.06% above the mid-market rate.
Want to secure the best EUR-Pound Sterling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Germany to United Kingdom!
Payment options for Germany to United Kingdom money transfers
Bank transfers in the UK
Bank transfers are usually the best and easiest way to send money from Germany to the United Kingdom.
By using a money transfer company such as Revolut for transfers from Germany to the United Kingdom, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.
Revolut is the cheapest money transfer company for bank transfers from the 23 we compared for transfers from EUR into the United Kingdom.
With an average fee of 0 EUR to send money from Germany to the United Kingdom, Revolut offers a strong combination of competitive exchange rates and lower fees.
Debit cards and prepaid options
Sending money from Germany to the United Kingdom with a debit or a prepaid card is available through Wise.
Wise is one of the cheaper options for debit card payments for transfers from Germany to the United Kingdom. This cost is against a total of 23 money transfer companies offering this option.
Credit cards
When it comes to international credit card transfers from Germany to the United Kingdom, Xe emerges as our top choice of the 23 companies offering this service.
Be aware 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.
Opt for a multi-currency account to receive into GBP
There are receiving fees to be aware of in the UK when receiving international transfers from Germany. These are specific to using a bank account to receive money. Incoming transfers are also subject to conversion into GBP as well in some scenarios.
Bank
Receiving Fee
Details
Santander
No fee
Santander does not charge a fee to receive an incoming international payment. However, intermediary banks and exchange rate markups may apply additional costs.
NatWest
£1 - £5
NatWest charges between £1 and £5 for receiving international payments. Additional agent fees may apply depending on the intermediary banks involved.
HSBC
£4 - £9
HSBC charges £4 for online payments to another HSBC account and £9 to non-HSBC accounts. Their Global Transfer service allows fee-free transfers between global HSBC accounts.
Lloyds
£7
Lloyds charges £7 for receiving payments over £100. Payments in pounds from within the EU to their Basic Account are fee-free.
Barclays
£6 - £15
Barclays charges £6 for online international payments and £15 for payments arranged in branch or by telephone. SEPA payments made online are fee-free.
When receiving (or sending) payments regularly, it can pay to have access to a multi-currency account. This will give you local account details and reduce the time, and cost, of transferring money.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United Kingdom and Germany.
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 Germany to United Kingdom.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to GBP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
