PNB Europe review

PNB Europe (Punjab National Bank International) offers money transfers from Europe to India and the Philippines at competitive rates. Founded in 2010 and based in London, UK, PNB Europe is a high-street bank. PNB Europe is authorised and regulated by FCA, PRA, which means customer money is safeguarded separately from company funds.

On the fee side, expect £0-£5 per transfer, but the bigger cost is usually the exchange-rate markup of 0.3% - 1% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $10 up to $25,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 1-2 business days, and the service reaches 5+ countries across 5+ currencies. You can fund a transfer by Bank Transfer and Debit Card, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors PNB Europe handles best.

On the plus side: competitive gbp-to-inr rates, trusted indian banking brand and low fees for india transfers. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. Worth keeping in mind: very limited corridor coverage and only for transfers to india and philippines. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.