How to Send Money to Europe Cheaply

 

European Financial News

 

There are many ways to send money to Europe. Some companies allow you to send cash.   You could purchase an old-fashion international wire payment directly from your bank. However, the cheapest way to send money to Europe is with a specialized foreign exchange firm like USForex.  All we do is international bank transfers!

You’ll need to know a few fine points when you transfer money internationally:

  • Beneficiary Name- The Person or Business receiving the money if it isn’t you
  • Receiving Bank’s Name
  • Sort Code(UK only) - Specifies the bank
  • Account#(UK only)- Specifies the bank account for each person or entity
  • SWIFT or Bank Identifier Code- An 8-11 character code specifying the receiving bank’s location & branch. Example of a German Bank SWIFT code(do not use this unless this is your bank):

SWIFT BIC Bank Code, Country Code, Location Code, Branch Code

  • IBAN (Europe)- Specifies the bank account for each person or entity

Always verify IBAN and SWIFT info with the bank receiving your funds transfer. 

European Country Details for Bank Transfers (SEPA, EU Customs Union, EFTU and EEA)

Country  Currency Symbol Required Info  IBAN Country Code
Andorra Euro EUR IBAN (24 characters) & SWIFT

AD Example: AD12 0001 2030 2003 5910 0100

Austria Euro EUR IBAN (20 characters) & SWIFT

AT Example: AT61 1904 3002 3457 3201

Belgium Euro EUR IBAN (16 characters) & SWIFT

BE Example: BE68 5390 0754 7034 

Bulgaria Bulgarian 

Lev BGN IBAN (22 characters)

BG Example: BG80 BNBG 9661 1020 3456 78

Cyprus Euro EUR IBAN (28 characters) & SWIFT

CY Example: CY17 0020 0128 0000 0012 0052 7600

Czech Republic Czech 

Koruna CZK IBAN (24 characters)

CZ Example: CZ65 0800 0000 1920 0014 5399

Denmark Danish 

Kroner  DKK IBAN (18 characters) & SWIFT

DK,FO,GL Example: DK50 0040 0440 1162 43 or FO62 6460 0001 6316 34 or GL89 6471 0001 0002 06 

Estonia Euro EUR IBAN (20 characters) & SWIFT

EE Example: EE38 2200 2210 2014 5685

Finland Euro EUR IBAN (18 characters) & SWIFT 

FI Example: FI21 1234 5600 0007 85

France Euro EUR IBAN(27 characters) & SWIFT

FR Example: FR14 2004 1010 0505 0001 3M02 606

Germany Euro EUR IBAN (22 characters) & SWIFT

DE Example: DE89 3704 0044 0532 0130 00 

Greece Euro EUR IBAN(27 characters) & SWIFT

GR Example: GR16 0110 1250 0000 0001 2300 695

Hungary Hungarian 

Forint HUF IBAN (28 characters)

HU Example: HU42 1177 3016 1111 1018 0000 0000

Ireland Euro EUR IBAN (22 characters) & SWIFT

IE Example: IE29 AIBK 9311 5212 3456 78

Italy Euro EUR IBAN (27 characters) & SWIFT

IT Example: IT60 X054 2811 1010 0000 0123 456

Latvia Euro EUR IBAN (21 characters) & SWIFT

LV Example: LV80 BANK 0000 4351 9500 1

Liechtenstein Euro EUR IBAN (21 characters) & SWIFT

LI Example: LI21 0881 0000 2324 013A A

Luxembourg Euro EUR IBAN (20 characters) & SWIFT

LU Example: LU28 0019 4006 4475 0000

Malta Euro EUR IBAN (31 characters) & SWIFT

MT Example: MT84 MALT 0110 0001 2345 MTLC AST0 01S

Monaco Euro EUR IBAN (27 characters) & SWIFT

MC Example: MC58 11222 00001 0123456789030

Montenegro Euro EUR IBAN (22 characters) & SWIFT

ME Example: ME25 5050 0001 2345 6789 51

Netherlands Euro EUR IBAN (18 characters) & SWIFT

NL Example: NL91 ABNA 0417 1643 00

Norway Norwegian 

Korner NOK IBAN (15 characters) & SWIFT

NO Example: NO93 8601 1117 947

Poland Polish 

Zloty PLN IBAN (28 characters) & SWIFT

PL Example: PL61 1090 1014 0000 0712 1981 2874

Portugal Euro EUR IBAN(25 characters) & SWIFT

PT Example: PT50 0002 0123 1234 5678 9015 4

San Marino Euro EUR IBAN (27 characters) & SWIFT

SM Example: SM86 U032 2509 8000 0000 0270 100

Slovak Republic Euro EUR IBAN (24 characters) & SWIFT

SK Example: SK31 1200 0000 1987 4263 7541

Slovenia Euro EUR IBAN (19 characters) & SWIFT

SI Example: SI56 2633 0001 2039 086

Spain Euro EUR IBAN (24 characters) & SWIFT

ES Example: ES91 2100 0418 4502 0005 1332

Sweden Swedish 

Kroner SEK IBAN (24 characters) & SWIFT

SE Example: SE45 5000 0000 0583 9825 7466

Switzerland Swiss 

Franc CHF IBAN (21 characters) or Account# & SWIFT

CH Example: CH93 0076 2011 6238 5295 7

Turkey Turkish 

Lira TRY IBAN (26 characters)

TR Example: TR33 0006 1005 1978 6457 8413 26

United Kingdom British Pounds GBP Sort Code (6 digits) & Account# (8 digits) N/A for USForex

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