How to send money from Germany to the UK

Learn more about the different ways to send money from Germany to the UK – and how you can reduce transaction fees:

4 ways to send money from Germany
to the UK

E-Banking service of traditional banks

You can simply use your bank’s e-banking to transfer money from Germany to the UK. Your bank will debit your bank account automatically and convert the desired amount into GBP if you don’t have a foreign currency account.

Pros

Usual transaction process with direct debit from bank account – ideal for 1-2 international payments per year

Cons

Can be very expensive as the exchange rate margin is usually high and the conditions are not transparent

Payment platforms for SMEs

These providers enable SMEs to process international payments efficiently online. Currencies can be credited directly to the online wallet. No separate foreign currency bank account is required. Due to their focus on SMEs, appropriate support is also offered.

Pros

Clever features adapted to SMEs allowing you to trade at the lowest possible rates – no minimum transaction volume required

Cons

Not suitable for individuals as the solutions are aimed at SMEs

Payment platforms for individuals

These platforms allow money transfers abroad – simple & online. The various features are adapted to the needs of private individuals and are suitable, for example, for longer stays abroad.

Pros

Low fees and global payment options ideal for private needs.

Cons

For larger amounts or multiple transfers you may be charged additional fees because there are monthly or yearly limits.

Private payment networks

Private payment networks are peer-to-peer solutions for sending money from Germany to the UK as quickly and easily as possible. The sender and the recipient are part of the same network, which is why transfers can take place in real time.

Pros

Transfers are free and happen in real time. There are often referral rewards for inviting new participants.

Cons

Sender and beneficiary must be part of the same network – but usually this can be arranged free of charge.

Payment schemes

The payment institutions described above can use different schemes to send money from Germany to the UK. These payment systems depend on the destination country, the currency, and the payment institution itself.

SEPA payments

Can only be used for Euro payments within the European payment area. Since Great Britain is a member of the Single Euro Payments Area, SEPA transfers are possible. However, higher transaction fees may apply.

For a SEPA payment you’ll need:

SWIFT

A global payment system that can be used for payments worldwide in various currencies – also for transfers from Germany to the UK. Both banks and payment platforms offer this option. The fees are usually higher as the transfers are cross-border payments.

For a SWIFT transaction you’ll need:

Domestic settlement networks

To execute international payments using local processes. Modern payment platforms use this new payment system because it makes money transfers considerably cheaper.

For a domestic payment you’ll need:

Peer-to-Peer payments

An efficient way to send money from Germany to the UK that is offered directly by payment platforms. Sender and beneficiary are part of the same network. Thus, the amount can be credited to the payee in the UK free of charge and in real time.

For a P2P payment you’ll need:

How much does it cost?

Different fees apply – depending on the payment system. The following options are available when sending money from Germany to the UK:

SEPA (only for Euro payments)

0 – 20 EUR (depending on your payment institution/volume)

SWIFT

0 EUR with BEN (the recipient bears all costs)

5 EUR with SHA (recipient and sender share the costs)

25 EUR with OUR (the sender bears all costs)

Domestic settlement networks

0 – 10 EUR (depending on your payment institution/volume)

Peer-to-Peer payments

Free

How long does it take?

The duration depends on the payment system as well as on the destination country, the currency and recipient’s bank. Here is a brief overview of how long a GBP-payment from Germany to the UK may take:

SEPA (only for Euro payments)

Intraday – 2 days

SWIFT

Intraday – 1 day

Domestic settlement networks

Intraday

Peer-to-Peer payments

Real time

Comparing four solutions for payments from Germany to the UK

E-Banking (like Sparkasse, Volksbank or Commerzbank)

Payment platforms (like Wise, Revolut)

Amnis PAY

Amnis PEER

Low fees

Free real-time payments

No minimum transaction requirement

Dedicated to SMEs

Pay everywhere

Simplified Currency Exchange

Currency Hedging

Beneficiary receives

78’000 GBP

78’000 GBP

78’000 GBP

78’000 GBP

I pay:

94’740 EUR

+ 4’644 EUR

* On average, based on our study from 07.05.2021

90’096 EUR

* On average, based on our study from 07.05.2021

89’730 EUR

– 366 EUR

* On average, based on our study from 07.05.2021

89’727 EUR

– 369 EUR

* On average, based on our study from 07.05.2021

E-Banking (like Postfinance, UBS, Kantonalbanken)

Low fees

Free real-time payments

No minimum transaction requirement

Dedicated to SMEs

Pay everywhere

Simplified Currency Exchange

Currency Hedging

Beneficiary receives

90’000 EUR

I pay:

100’008 CHF

+ 415 CHF

* On average, based on our study from 16.04.2021

Show benefits

Payment platforms (like Wise, Revolut)

Low fees

Free real-time payments

No minimum transaction requirement

Dedicated to SMEs

Pay everywhere

Simplified Currency Exchange

Currency Hedging

Beneficiary receives

90’000 EUR

I pay:

99’593 CHF

* On average, based on our study from 16.04.2021

Show benefits

Amnis PAY

Low fees

Free real-time payments

No minimum transaction requirement

Dedicated to SMEs

Pay everywhere

Simplified Currency Exchange

Currency Hedging

Beneficiary receives

90’000 EUR

I pay:

99’189 CHF

– 404 CHF

* On average, based on our study from 16.04.2021

Show benefits

Amnis PEER

Low fees

Free real-time payments

No minimum transaction requirement

Dedicated to SMEs

Pay everywhere

Simplified Currency Exchange

Currency Hedging

Beneficiary receives

90’000 EUR

I pay:

99’188 CHF

– 405 CHF

* On average, based on our study from 16.04.2021

Show benefits

Send money to the UK with Amnis in 5 steps only

You can transfer money from Germany to the UK in five simple steps:

  • Create your free account online

    Simply register online - it takes only 5 minutes. We will inform you by email as soon as you can get started.

  • Buy currency

    With just 5 clicks you can then enter the desired amount and buy GBP in your Amnis account...

  • Select beneficiary

    ...directly select the beneficiary (or create a new one)...

  • Enter payment

    ...and enter the payment (stating the amount, date and reference).

  • Pay

    Finally, you can pay for this transaction conveniently via eBill (only in CH) or bank transfer.

How much do I pay with Amnis?

When sending GBP from Germany to the UK with Amnis, you only pay EUR 3 as a transfer fee and a margin on the interbank rate (for currency exchange).

This margin is between 0.1 and 0.4% (depending on the selected plan) – no minimum transaction volume is required.

The exchange rate (interbank rate + margin) that you’ll pay at the end can easily be found in your Amnis dashboard.

We are also happy to prepare an individual offer for a currency volume of more than EUR 5M/year or for special foreign currency needs.

Check out our plans & pricing for sending money from Germany to the UK