HSBC Bank UK Pound vs Euro Exchange Rate

HSBC BANK GBP vs EUR MONEY TRANSFERS

Compare HSBC Bank UK pound and euro exchange rates for sending payments abroad between GBP and EUR, money transfer alternatives to HSBC service. Evaluate HSBC Bank money transfer options and alternatives to make sure you’re getting the best deal.

HSBC Bank	GBP to EUR	EUR to GBP	Minimum Transfer + Fee	TrustScore (Trustpilot)	More Details
Currencies Direct	€1.197 to €1.201	£0.819 to £0.822
TorFX	€1.2	£0.822
Wise	€1.202 to €1.203	£0.823 to £0.824
HSBC Bank	€1.159	£0.793

HSBC Bank UK pound vs euro exchange rate is GBP/EUR: €1.159 – EUR/GBP: £0.793

h3>Sending money abroad with HSBC Bank

The required information to send money abroad with HSBC depends on the destination country, as banking protocols vary internationally. However, some details are commonly needed for popular transfer destinations from the UK:

For HSBC Bank SEPA euro transfers or other currency payments to Europe, you need:

– Transfer amount
– Recipient’s full name and address
– Recipient’s IBAN
– Recipient bank’s SWIFT/BIC code (for non-SEPA transfers)

Before initiating any international transfer, double-check the specific requirements for the destination country.

Receiving money from abroad to your HSBC Bank account:

To receive an international payment into your HSBC UK account, provide the sender with your IBAN and HSBC SWIFT/BIC code.

European money transfers with HSBC Bank

For euro payments, HSBC Bank will use the SEPA (Single Euro Payments Area) scheme when possible. The SEPA scheme allows for faster and easier euro transactions within Europe. With SEPA, the recipient gets the money on the same day.

HSBC make SEPA payments to over 30 European countries including:

Austria, Andorra, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland and the UK (including Guernsey and the Isle of Man).

What is the time frame for an international money transfer through HSBC?

How long a HSBC international bank transfer takes will depend on the destination, payment method, and meeting the daily cut-off time. If you submit a transfer after the cut-off, processing may be delayed until the next business day.

HSBC European and international transfer times are not the same:

HSBC has different transfer times for payments within the EU versus international payments outside the EU. Transfers within the EU can take 1 or 2 working days, while transfers outside Europe may take up to 4 or 5 working days, depending on the destination and receiving bank (if not HSBC Bank).

How much does HSBC Bank charge for UK Pound vs Euro Rates?

When sending money abroad, HSBC will convert your funds to a different currency if the receiving account uses a different currency than the sending account. However, this currency conversion process comes at a cost beyond just up-front fees.

HSBC applies a margin above the mid-market exchange rate when converting between currencies, which is known as an exchange rate markup.

Sending money to another currency – HSBC Bank transaction fees:

When sending money to countries in the European Union (EU) or European Economic Area (EEA), the payment will go through using the shared charging option (also known as SHA), regardless of currency.

Receiving money from another currency – HSBC Bank transaction fees:

When receiving an international payment with HSBC, there are two possible fees to consider – a charge for the inward payment itself and an additional fee if currency conversion is required.

HSBC charges various fees for international transfers depending on the payment type. These include upfront fees, exchange rate fees, and third party charges. When sending international payments, be aware of all fees that may apply, as they are not always obvious.

Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers