🇬🇧→🇪🇺

Send Money from United Kingdom to European Union

Businesses in United Kingdom paying European Union suppliers for Manufacturing. Send GBP from United Kingdom, receive EUR in European Union with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local GBP collection + local EUR delivery = no correspondent bank fees

Save £1,520 per £100k Payment

United Kingdom to European Union corridor savings

Traditional Bank

£2,025

❌ 2-3 day settlement
❌ Multiple correspondent banks
❌ Hidden FX margins
❌ High SWIFT fees

Unicorn Currencies

£505

✓ T+0 (2.3s avg within Unicorn network)
✓ Local GBP collection
✓ Transparent 0.5% spread
✓ SEPA (Single Euro Payments Area)

Your Savings

75%

£1,520 per £100k

At £600k-£6M monthly, save £7,608/year

Sending from United Kingdom: What You Need to Know

GBP Origin Specifics

GBP free-floating currency
Post-Brexit customs documentation
FCA regulated payment services

Your Local Advantages

Local GBP account available
Faster Payments instant collection
No correspondent bank fees on origin side

Local Collection Method

Faster Payments

Instant (T+0) • UK domestic instant payments. Money available immediately.

Paying Suppliers in European Union: Compliance & Requirements

Regulatory Considerations

VAT (Value Added Tax) varies by EU country
Intra-EU vs extra-EU customs differences
GDPR compliance for customer data
EU sanctions regime (separate from UN/US)

Payment Best Practices

Use SEPA for €1-999,999 payments (very low cost)
Target2 for large/urgent payments
Post-Brexit customs documentation required for UK-EU
EUR volatility lower than GBP - good for budgeting

Destination Settlement

T+0 (2.3s avg within Unicorn network)

via SEPA (Single Euro Payments Area)

United Kingdom → European Union Corridor Insights

Popular Industries

Manufacturing
Freight Forwarding
Food & Beverage

Peak Trading Hours

GMT to CET (GMT+1) time zone consideration

Best for rate execution and faster settlement

Typical Volume

£100k-£500k

Average transaction size for this corridor

Monthly volume: £600k-£6M

Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Frequently Asked Questions: GBP-EUR Payments

How fast are GBP-EUR payments?

GBP-EUR payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.

What does a GBP-EUR transfer cost?

Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for GBP-EUR transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.

What exchange rate do I get for GBP-EUR?

You get real-time wholesale GBP-EUR exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.

Can I lock the GBP-EUR rate in advance?

Yes, forward contracts are available for GBP-EUR payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.

What details do I need for GBP-EUR payments?

Beneficiary details vary by destination. For European Union payments, you typically need the recipient's local account details (SEPA (Single Euro Payments Area)), account number, and beneficiary name. Some destinations may also require local clearing codes.

Ready to Send GBP from United Kingdom to European Union?

Save 75% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.

Open Account View European Union Details

Bank of Canada registered PSP | FINTRAC licensed MSB