Overall best way: Wise
Wise scored the highest of the 20 money transfer companies supporting EUR to GBP transfers.
In total, Wise appeared in 100% of Portugal to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Wise for your Portugal to United Kingdom transfer.
How to compare companies offering money transfers from Portugal to United Kingdom
Considerations for sending money from Portugal to United Kingdom
Always compare ways to send money from Portugal to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 20 providers that operate between Portugal and United Kingdom.
Through this, you get a comprehensive view of all the options you have in Portugal when you need to send money to the United Kingdom.
Cheapest way to transfer money from Portugal to United Kingdom: Revolut
Data collected over the past six months shows that Revolut is 0.3% cheaper than the second-best option.
This includes an average transfer fee of 0* EUR an exchange rate for buying Pound Sterling with Euros that is 0.1% different to the mid-market rate.
If you want to secure the best rates on transfers from Portugal to United Kingdom, Revolut will result in the most Pound Sterling received.
*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 Portugal: Paysend
Our comparison shows Paysend is the fastest option for sending Euro into Pound Sterling 44.4% of the time. For urgent EUR to GBP money transfers, they’re our recommended choice.
A EUR-Pound Sterling transfer through Paysend comes with an average 0 EUR fee.
To ensure Paysend was the 'fastest' option we compared 20 providers. This comparison was for overall speed of sending money from Portugal to the United Kingdom and is a combination of depositing Euro, transfer times to the United Kingdom and withdrawal timeframes where applicable.
When speed is a priority, Paysend is the top choice for sending into the United Kingdom from Portugal.
Transfer a large amount of money
Wise is the best rated company for sending large amounts of Pound Sterling to the United Kingdom out of 20 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to the United Kingdom from Portugal has the potential to be very expensive.
Wise is our choice for big transfers to EUR because of all round price, speed and management when making large transfers.
Understanding the cost of sending money to United Kingdom from Portugal
The cost of sending money from United Kingdom to the United Kingdom, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from EUR-GBP is 0.8359 GBP per Euro.
Finding a provider offering an exchange as close to 0.8359 as possible will ensure more Pound Sterling received when transferring.
For context, the EUR-GBP mid-market rate for the past three months has averaged 0.8456 GBP per Euro. This includes a high of 0.8647, and low of 0.8311.
Wise currently offers the best exchange rate on transfers from Portugal to the United Kingdom.
For the most part the EUR-GBP exchange rate you receive is the biggest factor impacting the cost of sending EUR to the United Kingdom.
Fees: Outside of exchange rates, you may need to pay a fee to send. Revolut currently offers the lowest fees on transfers to the United Kingdom from Portugal, averaging 0 EUR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Pound Sterling is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Euros to GBP, paired with a low fee, means a higher total amount 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 0.8456.
During this period, the highest value recorded was 0.8647, while the lowest was 0.8311.
Wise, which is our recommended service to send money online from Portugal to United Kingdom offers an exchange rate that is only 0% above the mid-market rate.
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How to pay for money transfers between Portugal and United Kingdom
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United Kingdom and Portugal.
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 Portugal 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.