Corridor GBP → EUR · British pound to Euro
What does it cost to send British pounds to the eurozone?
On 16 October 2026, the most a recipient in the eurozone got for 1,000 GBP was 1,182.21 EUR via Wise: a true cost of 3.81 GBP (0.38%) including fee and rate markup. The last of 13 quotes cost 4.90%.
Transfer cost receipt · GBP → EUR
Most to the recipient: Wise transfer service
- You send
- 1,000.00 GBP
- Upfront fee
- −3.81 GBP
- Amount converted
- 996.19 GBP
- Rate given
- 1.1867
- Mid-market when quoted
- 1.1867
- Exchange-rate markup inside the rate
- 0.00 GBP 0.00%
- True total cost
- 3.81 GBP 0.38%
- Recipient gets
- 1,182.21 EUR
Picking the last quote in this ledger (PayPal) instead would leave the recipient 53.37 EUR short.
Snapshot indicative quotes retrieved 16 Oct 2026, 17:03 UTC. Quote collected 16 Oct 2026, 17:02 UTC; provider delivery estimate under a minute. Source: Wise public comparison data.
Confirm the live quote on wise.com
Plain link to the provider's official site. No commission.
Every quote for 1,000 GBP → EUR
Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Wiseservice | 3.81 GBP | 0.00% | 3.81 GBP | 0.38% | 1,182.21 EUR | best |
| 2. Instaremservice | 0.00 GBP | 0.54% | 5.42 GBP | 0.54% | 1,180.58 EUR | −1.63 EUR |
| 3. Skrillservice | 0.00 GBP | 1.93% | 19.32 GBP | 1.93% | 1,164.07 EUR | −18.14 EUR |
| 4. Remitlyservice | 1.99 GBP | 1.84% | 20.35 GBP | 2.03% | 1,162.86 EUR | −19.35 EUR |
| 5. RBSbank | 0.00 GBP | 2.30% | 22.95 GBP | 2.30% | 1,159.77 EUR | −22.44 EUR |
| 6. NatWestbank | 0.00 GBP | 2.30% | 22.95 GBP | 2.30% | 1,159.77 EUR | −22.44 EUR |
| 7. OFXservice | 7.00 GBP | 1.77% | 24.60 GBP | 2.46% | 1,157.81 EUR | −24.40 EUR |
| 8. Western Unionservice | 2.99 GBP | 2.37% | 26.65 GBP | 2.67% | 1,155.38 EUR | −26.83 EUR |
| 9. Barclaysbank | 0.00 GBP | 2.75% | 27.51 GBP | 2.75% | 1,154.35 EUR | −27.86 EUR |
| 10. Monesebank | 30.00 GBP | 0.02% | 30.19 GBP | 3.02% | 1,151.18 EUR | −31.03 EUR |
| 11. Nationwidebank | 15.00 GBP | 1.96% | 34.31 GBP | 3.43% | 1,146.29 EUR | −35.92 EUR |
| 12. Xoomservice | 1.49 GBP | 3.54% | 36.82 GBP | 3.68% | 1,143.31 EUR | −38.90 EUR |
| 13. PayPalservice | 2.99 GBP | 4.62% | 49.01 GBP | 4.90% | 1,128.84 EUR | −53.37 EUR |
| Set aside, not ranked (4): see methodology | ||||||
| Moneygramcollected 76 h before retrieval | 0.00 GBP | 0.99% | — | — | 1,175.30 EUR | — |
| HSBCcollected 73 h before retrieval | 0.00 GBP | 2.23% | — | — | 1,160.60 EUR | — |
| Santander UKcollected 77 h before retrieval | 0.00 GBP | 2.85% | — | — | 1,153.14 EUR | — |
| Lloydscollected 76 h before retrieval | 0.00 GBP | 3.60% | — | — | 1,144.31 EUR | — |
Does the cheapest option change with the amount?
| You send | Most to recipient | Best cost | Worst cost | Recipient gets (best) | Gap best vs worst | Quotes |
|---|---|---|---|---|---|---|
| 200 GBP | Instarem | 0.54% | 9.31% | 236.12 EUR | 20.83 EUR | 13 |
| 1,000 GBP | Wise | 0.38% | 4.90% | 1,182.21 EUR | 53.37 EUR | 13 |
| 5,000 GBP | Wise | 0.34% | 4.67% | 5,913.52 EUR | 255.79 EUR | 13 |
What the GBP → EUR numbers show
- The provider that delivers the most changes with the amount: Instarem at 200.00 GBP, Wise at 1,000.00 GBP, Wise at 5,000.00 GBP. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
- At 200.00 GBP, true cost ranged from 0.54% (Instarem) to 9.31% (Nationwide); the recipient would get 20.83 EUR less with the last quote than with the first.
- Banks listed for this corridor averaged 2.76% in true cost at 1,000.00 GBP, against 2.32% for non-bank transfer services; on average 71% of the banks' cost sat inside the exchange rate rather than in a stated fee.
- 5 of 13 quotes at 1,000.00 GBP charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
How does the quoted mid-market rate compare with the ECB reference?
The European Central Bank reference rate for GBP/EUR on 16 October 2026 was 1.1850. The mid-market rate implied by the top quote at its collection time was 1.1867, a difference of 0.15%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.
Every quote for 200 GBP → EUR
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Instaremservice | 0.00 GBP | 0.54% | 1.08 GBP | 0.54% | 236.12 EUR | best |
| 2. Wiseservice | 1.18 GBP | 0.00% | 1.18 GBP | 0.59% | 235.95 EUR | −0.17 EUR |
| 3. Skrillservice | 0.00 GBP | 1.93% | 3.86 GBP | 1.93% | 232.81 EUR | −3.31 EUR |
| 4. NatWestbank | 0.00 GBP | 2.30% | 4.59 GBP | 2.30% | 231.95 EUR | −4.17 EUR |
| 5. RBSbank | 0.00 GBP | 2.30% | 4.59 GBP | 2.30% | 231.95 EUR | −4.17 EUR |
| 6. Barclaysbank | 0.00 GBP | 2.75% | 5.50 GBP | 2.75% | 230.87 EUR | −5.25 EUR |
| 7. Remitlyservice | 1.99 GBP | 1.84% | 5.63 GBP | 2.82% | 230.72 EUR | −5.40 EUR |
| 8. Monesebank | 6.00 GBP | 0.02% | 6.04 GBP | 3.02% | 230.24 EUR | −5.88 EUR |
| 9. Western Unionservice | 1.99 GBP | 2.67% | 7.28 GBP | 3.64% | 228.76 EUR | −7.36 EUR |
| 10. OFXservice | 7.00 GBP | 1.77% | 10.42 GBP | 5.21% | 225.03 EUR | −11.09 EUR |
| 11. PayPalservice | 2.99 GBP | 4.62% | 12.08 GBP | 6.04% | 223.06 EUR | −13.06 EUR |
| 12. Xoomservice | 0.99 GBP | 5.59% | 12.12 GBP | 6.06% | 223.02 EUR | −13.10 EUR |
| 13. Nationwidebank | 15.00 GBP | 1.96% | 18.63 GBP | 9.31% | 215.29 EUR | −20.83 EUR |
| Set aside, not ranked (4): see methodology | ||||||
| Moneygramcollected 76 h before retrieval | 0.00 GBP | 0.99% | — | — | 235.06 EUR | — |
| HSBCcollected 73 h before retrieval | 0.00 GBP | 2.23% | — | — | 232.12 EUR | — |
| Santander UKcollected 77 h before retrieval | 0.00 GBP | 2.85% | — | — | 230.63 EUR | — |
| Lloydscollected 76 h before retrieval | 0.00 GBP | 3.60% | — | — | 228.86 EUR | — |
Every quote for 5,000 GBP → EUR
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Wiseservice | 16.96 GBP | 0.00% | 16.96 GBP | 0.34% | 5,913.52 EUR | best |
| 2. Instaremservice | 0.00 GBP | 0.54% | 27.09 GBP | 0.54% | 5,902.89 EUR | −10.63 EUR |
| 3. OFXservice | 0.00 GBP | 0.80% | 40.15 GBP | 0.80% | 5,887.39 EUR | −26.13 EUR |
| 4. Remitlyservice | 1.99 GBP | 1.84% | 93.93 GBP | 1.88% | 5,823.56 EUR | −89.96 EUR |
| 5. Skrillservice | 0.00 GBP | 1.93% | 96.61 GBP | 1.93% | 5,820.37 EUR | −93.15 EUR |
| 6. Nationwidebank | 15.00 GBP | 1.96% | 112.72 GBP | 2.25% | 5,801.25 EUR | −112.27 EUR |
| 7. NatWestbank | 0.00 GBP | 2.30% | 114.76 GBP | 2.30% | 5,798.83 EUR | −114.69 EUR |
| 8. RBSbank | 0.00 GBP | 2.30% | 114.76 GBP | 2.30% | 5,798.83 EUR | −114.69 EUR |
| 9. Western Unionservice | 2.99 GBP | 2.37% | 121.58 GBP | 2.43% | 5,790.74 EUR | −122.78 EUR |
| 10. Xoomservice | 1.99 GBP | 2.47% | 125.61 GBP | 2.51% | 5,785.95 EUR | −127.57 EUR |
| 11. Barclaysbank | 0.00 GBP | 2.75% | 137.56 GBP | 2.75% | 5,771.76 EUR | −141.76 EUR |
| 12. Monesebank | 150.00 GBP | 0.02% | 150.94 GBP | 3.02% | 5,755.88 EUR | −157.64 EUR |
| 13. PayPalservice | 2.99 GBP | 4.62% | 233.63 GBP | 4.67% | 5,657.73 EUR | −255.79 EUR |
| Set aside, not ranked (3): see methodology | ||||||
| Moneygramcollected 76 h before retrieval | 0.00 GBP | 0.99% | — | — | 5,876.49 EUR | — |
| HSBCcollected 73 h before retrieval | 0.00 GBP | 2.23% | — | — | 5,802.98 EUR | — |
| Lloydscollected 76 h before retrieval | 0.00 GBP | 2.81% | — | — | 5,768.20 EUR | — |
What to check before paying out in eurozone
Euro payouts inside the Single Euro Payments Area use SEPA credit transfers and need an IBAN. Under EU rules, a cross-border euro payment within the EU costs the same as a domestic one from the same bank. Source: European Commission: cross-border payments.
Read next
- What do banks really charge for an international transfer?
- What is the mid-market rate and where can you check it?
- How can freelancers get paid from abroad without losing 5%?
- SWIFT wire or local payout: which costs less to receive?
- How do exchange-rate markups work, and how big are they?
- Check the hidden markup on a rate you were offered
- How RateRunner calculates true cost
Questions people ask
- Which provider gave the most for 1,000 GBP sent to eurozone?
- Wise, with 1,182.21 EUR delivered, in the snapshot retrieved 16 Oct 2026, 17:03 UTC. Its upfront fee was 3.81 GBP and its rate markup 0.00%.
- How much of the cost of sending GBP to EUR is hidden in the exchange rate?
- For the 13 quotes on 1,000 GBP, rate markups ranged from 0.00% to 4.62% of the amount converted. 5 quotes charged no upfront fee but still had a markup above 0.5%.
- How current are these GBP to EUR quotes?
- RateRunner retrieved them on 16 Oct 2026, 17:03 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.
Related corridors
Sources
- Indicative provider quotes: Wise public comparison data (retrieved 16 Oct 2026, 17:03 UTC). Wise collects quotes from listed banks and services and is itself listed.
- Reference rate: European Central Bank euro reference rates via Frankfurter (16 October 2026).
- Raw data for this page: gbp-to-eur.json