Send money to Europe

Wise offers the best EUR exchange rate for most corridors, typically within 0.3–0.5% of the mid-market rate. For USD-to-EUR, OFX and Wise are extremely competitive. For GBP-to-EUR, Wise and Revolut both offer near mid-market rates. The EUR's high liquidity keeps rate spreads very tight across providers.

All EUR bank accounts in the Eurozone (and several non-Euro EU countries) use IBAN. To send a SEPA transfer, you need the recipient's IBAN and BIC (SWIFT code). Specialist providers like Wise, Remitly, and OFX route through SEPA automatically. SEPA Instant arrives in seconds; standard SEPA arrives next business day. Banks charge EUR 0–5 for SEPA; providers often deliver for less.

IBAN (International Bank Account Number) is the standard European bank account identifier. It starts with a 2-letter country code (DE, FR, ES, IT, NL, etc.), followed by 2 check digits, then the domestic bank account details encoded in a standardised format. Length varies: DE has 22 characters, FR has 27, ES has 24, IT has 27, NL has 18. Recipients find their IBAN in their bank's mobile app or on a bank statement.

SEPA Instant Credit Transfer: under 10 seconds, 24/7. Standard SEPA Credit Transfer: next business day. Wise uses SEPA Instant for eligible transfers, making EUR delivery one of the fastest in the world. Banks participating in SEPA Instant include most major European banks — check with the recipient's bank if unsure.

SEPA covers all 27 EU member states plus Iceland, Liechtenstein, Norway, Switzerland, Monaco, San Marino, Andorra, and Vatican City — 36 countries total. Post-Brexit, the UK is no longer in SEPA but many UK banks still process SEPA-compatible transfers. SEPA covers EUR accounts; non-EUR countries (e.g. Sweden using SEK, Denmark using DKK, Poland using PLN) participate in SEPA but still require FX conversion.