Here you'll find everything you need to know about sending to and from Euros within the SEPA Zone.Skip to what is SEPA?
Skip to sending to EUR
Skip to sending from EUR
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What is SEPA?
SEPA stands for Single Euro Payments Area, and is an agreement between countries within Europe setting standards for EUR-EUR transfers within this zone. It aims to make transfers between European banks the same as domestic transfers, carrying no additional charges.
For further information about SEPA, see here.
TransferWise has two Euro bank accounts which we use to send and receive Euro deposits - one in Estonia and one in Germany.
Sending to EUR
For more information and to get started with your first transfer to EUR, click here.
|TransferWise Fee||0.5%||When sending from currencies with a different fee, the higher charge applies.|
|Delivery time*||1-2 working days||*After payout. Please keep in mind that TransferWise can take up to two working days to convert your money after receiving it|
|Maximum amount (per transfer)||€1,200,000|
|Countries we can send to||SEPA zone only**||**All EU countries, plus Iceland, Norway, Liechtenstein Monaco and Switzerland. For a full list, see here.|
|Additional Receiving Banking Fees||None in most cases||Very few banks charge for receiving SEPA payments. If you're at all unsure, it is worth checking with the recipient bank to find out if they will charge to receiving a transfer from us. Unfortunately we can't see what banks might charge ourselves.|
|Recipient Full Name||Yes||When sending to individuals, please include first name and surname|
|Recipient IBAN||Yes||IBAN should be between 15 and 31 characters long (letters and numbers) depending on the country. For a list of SEPA countries and IBAN lengths, see here.|
|Amount Lock Transfers||Yes||The currency you're sending from must also be able to send fixed amounts. Please see our other currency FAQs for more information|
|Guaranteed Rate||Yes||You'll get a guaranteed rate when sending to EUR from most of our currencies (excluding BRL, CHF, and CZK). This will last for 24 or 48 hours depending on your sending currency. You can see more information in our guaranteed rate article.|
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Sending from EUR
|TransferWise fee||0.5% (or €2 for transfers under €400)||Except when sending to SWIFT currencies, where an additional €7 flat fee is charge in addition to the outlined fees|
|Time for deposit to reach TransferWise||1-2 working days||Please note TransferWise usually only receives money within UK working hours (9-5 UK time Mon-Fri)|
|How to send money||Debit/credit card, SEPA bank transfer,
Trustly instant bank transfer,
SEPA Direct Debit
|For Debit/Credit cards there is a limit of 2500 EUR per transfer. Paying by credit card carries an additional 0.4% fee.
We have two bank accounts to receive Euro deposits - one in Estonia and one in Germany.
|Additional sending fees||No|
|Guaranteed exchange rate||To some currencies||For transfers to AUD, CHF, GBP, and USD from EUR, the rate is guaranteed (locked) at the mid-market rate for 2 working days (48 hours) from the time you finish creating the order. For transfers to all other currencies, the rate is determined at the time of conversion.|
|Amount Lock Transfers||Yes||The currency you're sending to must also be able to receive fixed amounts. Please see our other currency FAQs for more information|
If you cancel your transfer from EUR after you have sent your money to us (using one of the payment methods listed), and before your transfer has been completed, then we can simply refund your money back to you. See what is required to complete the refund for your payment method below.
When refunding a bank transfer, the money must be sent back to the account it came from. We will ask for the following details:
- Account holder name
- Bank code (BIC/SWIFT)
Your money will then be sent back to you. It should arrive within 2 working days maximum.
Card payment refunds are an automatic process (but not instant). Once you cancel a payment, your money will be sent back to the card you paid from. It can take up to 10 working days for the money to reflect back on your card.
When cancelling a transfer that you've paid for using SOFORT, your money must arrive to us before we can refund it. This typically takes 1-2 working days. Once it reaches our account, we can refund it directly back to the sending account.
The refund will take 1-2 working days to arrive back into your account.
If you cancel a EUR transfer that you've paid for using iDeal, your money will be sent back to the account you paid from. It will arrive back within 1-2 working days.
Trustly Instant Bank Transfer
If you cancel a EUR transfer that you've paid for using Trustly instant bank payment, your money will be sent back to the account you paid from. It will arrive back within 1-2 working days and you will see Trustly as the sender on your account statement.
SEPA Direct Debit
If you cancel a transfer with an active SDD payment before any money has been withdrawn from your account, then this will not be taken and nothing will happen. If you cancel after the money has been withdrawn, we'll need to wait for this to clear with us (up to 4 working days), and then refund it back to you which can take 1-3 working days.
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