This article is for our clients using international transfers with GB IBAN
Payments in euros worldwide
With Finom, you can send international SWIFT transfers in euros to more than 150 countries. worldwide.
To complete your transfer, you will need to provide the recipient’s:
IBAN or account number
BIC/SWIFT code
Full recipient address
For SWIFT transfers, intermediary banks may be involved in processing the payment. These banks can charge additional fees, which may be deducted from the transfer amount. As a result, the recipient may receive less than you originally sent. To minimize the risk of such deductions, you can choose the OUR option during the payment process. This option ensures that all transfer-related fees are covered on your side, so the recipient receives the full amount (additional charges may apply).
Delivery times for euro transfers can vary depending on the destination and the banks involved. In general, transfers may take anywhere from a few hours to 5 business days.
Payments in euros within the euro area
Most countries in the European Union use the euro as their national currency. For payments within the euro area, SEPA transfers in euros are the standard and most efficient option.
Examples of SEPA payments in euros
Germany → France
France → Italy
Italy → Netherlands
How it works
When you create a SEPA transfer in Finom, the system will automatically show you the available payment methods at the final step before sending. Depending on the recipient bank, you may see:
SEPA
SEPA Instant
Important considerations
SEPA transfers are typically faster and more cost-effective than SWIFT.
SWIFT is generally not recommended for payments within the euro area, as it is usually more expensive and may take longer.
Payments in euros to the UK
You can send euro payments to recipients in the United Kingdom, with different transfer options depending on the recipient bank.
What to expect
Compatibility check:
UK banks typically support incoming SEPA transfers. During the payment flow, Finom will automatically check whether the recipient’s bank can accept SEPA payments. If not, you will be notified and prevented from proceeding with that method.SEPA Instant availability:
Even if SEPA is supported, SEPA Instant is only available if the recipient’s bank supports instant processing. This means instant delivery cannot always be guaranteed.SWIFT alternative:
If SEPA is not available or suitable, you can send euros via SWIFT. However, this option usually involves higher fees and longer processing times.
Payments in euros to non-euro countries in Europe
Some European countries use their own local currencies but are still part of the SEPA network. This allows them to receive euro transfers even though the euro is not their national currency.
What this means for your transfer
You can send euros using SEPA (and sometimes SEPA Instant) to recipients in these countries.
Recipients typically have an IBAN, just like in euro area countries.
Important considerations
Availability check: During the payment flow, Finom will automatically verify whether the recipient’s bank accepts SEPA payments. If not, you will be notified and prevented from proceeding with that method.
SEPA Instant is not guaranteed: Instant transfers are only possible if the recipient’s bank supports SEPA Instant.
Bank-specific restrictions: Even if a country is part of SEPA, individual banks may still restrict incoming euro payments. It is recommended to confirm with the recipient whether their bank accepts SEPA transfers in euros before sending the payment.
Fallback to SWIFT: If SEPA is not available, you can still send euros via SWIFT.
Countries with local currencies that accept SEPA euro payments
Albania
Czech Republic
Denmark
Hungary
Iceland
Liechtenstein
Moldova
North Macedonia
Norway
Poland
Romania
Serbia
Sweden
Switzerland
United Kingdom