Send Money to Eurozone – Compare the Best Transfer Rates
Need to send money to Europe? Learn how to use IBANs, BICs, and the SEPA network to transfer euros quickly and cost-effectively with providers like Wise and OFX.
USD-EUR Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
🇪🇺 How to Send Money to the Eurozone
Whether you’re paying a supplier in Germany, supporting family in Spain, or buying property in France, sending money to Eurozone countries is easier than ever. This guide compares top transfer services and explains how the euro banking system works so your EUR transfers land smoothly.
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🔍 Key Things to Know
• Currency: Euro (EUR)
• Banking Format: IBAN + BIC/SWIFT
• Domestic Network: SEPA (Single Euro Payments Area)
• Popular Providers: Wise, OFX, Revolut, Western Union
• Fees: Range from 0.3% to 2.5%
• Speed: 0–2 business days depending on provider and method
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🏆 Best Money Transfer Options to the Eurozone
Provider
Speed
Typical Fee
Exchange Rate Margin
Notes
Wise
0–1 business days
Low fixed + %
Very low (~0.4%)
Deposits into SEPA accounts using local EUR rails
OFX
1–2 days
No fee
~0.6%–1.0%
Great for large EUR transfers
Revolut
Instant–1 day
Free up to limits, then % fee
Mid-market for premium users
Fast for EUR payments within SEPA
Western Union
Minutes–1 day
Higher fees
High margin
Cash pickup available in select countries
✅ Tip: Wise offers the best all-around value for small-to-medium transfers. For large sums, OFX offers competitive rates and dedicated dealer support.
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📋 What You’ll Need to Send Money
• Recipient’s full name
• IBAN (International Bank Account Number)
• BIC/SWIFT code
• Purpose of the transfer (e.g., family support, invoice payment)
• Available for both personal and business transfers.
🏛️ IBAN & BIC
• IBAN is used to identify the recipient’s account (e.g., DE89370400440532013000).
• BIC/SWIFT code is used to route the transfer correctly to the recipient’s bank (e.g., DEUTDEFFXXX).
💶 Receiving Fees
• SEPA payments are typically free to receive.
• Some banks may charge for non-SEPA or SWIFT EUR wires — check with your recipient.
🧾 Transfer Limits & Reporting
• For large transfers (over €10,000), you may need to provide extra documentation.
• Always specify the reason for transfer to avoid delays or regulatory issues.
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📦 Summary
The Eurozone’s SEPA network makes sending EUR to Europe efficient and low-cost. Providers like Wise and OFX simplify the process and offer transparent fees. Just make sure you have the correct IBAN and BIC, and your money should arrive quickly and securely.