You can use a French bank to send money to the UK via international bank transfers, but these often involve high fees and less favourable exchange rates.
French banks typically charge fixed transfer fees, ranging from €15 to €50, plus a markup on the exchange rate.
While they are reliable for smaller transfers, for larger sums, currency brokers offer better rates, lower fees, and expert guidance, ensuring more of your money reaches its destination securely and efficiently.
How to Transfer Money From a French Bank to the UK
Think about this: You’ve wrapped up a property sale in France or have a family emergency that calls for a swift international money transfer.
Logging into your French bank feels like the logical next step, until hidden fees, slow processing, and exchange rates straight out of a horror movie catch you off guard.
Thankfully, there are better ways to ensure your money reaches the UK efficiently and cost effectively.
The French Bank Transfer Process
French banks like BNP Paribas or Societe Generale use the SWIFT network for international money transfers.
Here’s what you’ll need to get started:
- The recipient’s IBAN (International Bank Account Number).
- The SWIFT/BIC code of the UK bank.
Once you initiate the transfer, intermediary banks often step in to process it. While this sounds efficient, it can actually add unexpected fees and delays.
French banks charge a fixed fee, anywhere from €20 to €50 per transfer, and typically bake in a markup to the exchange rate.
Let’s put that into perspective: Transferring €5,000 could see €200 – €300 disappear in fees and poor rates before your recipient even touches the money.
Why Relying on Your French Bank Might Fall Short
The trouble with banks? They’re reliable but far from economical.
Transfers usually take 1 – 3 business days, and delays can stretch longer if multiple intermediary banks are involved.
That’s a hassle if you’re racing to close a property deal or pay an urgent bill.
And the kicker? Banks rarely let you lock in exchange rates.
This means your transfer is at the mercy of market fluctuations, which could shrink the amount your recipient ultimately receives.
Currency Brokers: The Pro’s Choice for Larger Transfers
If you’re sending €5,000 or more, currency brokers are your secret weapon.
Offering up to 4% better exchange rates than banks, they can save you hundreds on larger transfers. For example, on a €10,000 transfer, you could save €400 or more.
Plus, brokers don’t charge hidden fees, and they provide expert guidance to help you time your transfer perfectly.
Want to protect yourself against market fluctuations? Brokers allow you to lock in rates, giving you peace of mind.
Online Platforms: Simple and Transparent
For smaller, recurring payments, think rent or monthly tuition, online platforms shine.
They use the mid-market exchange rate (no hidden markups) and charge low, transparent fees.
Sending €1,000 might only cost €5 in fees, compared to the €20+ most banks charge.
Summary
If you’re handling smaller, routine payments, your French bank or an online platform might suffice.
But for larger transactions, like purchasing a property or managing significant investments, a currency broker is a no brainer.
They offer better rates, fewer fees, and expert support to make the process smooth and cost effective.
The right choice ensures your hard earned euros arrive intact, not lost to fees or unfavourable rates.