It’s quite simple to transfer money from the Netherlands to the UK.

I’ll explain how it works, the best ways available, and how you can avoid paying high charges.

Transferring money from Netherlands to the UK (in 4 simple steps)

If you need to transfer money to a UK bank account, there are only four steps.

None are difficult.

Whether you use a bank or money transfer specialist, the steps are pretty much the same.

Step 1 – Identity check

Before you can send money from Netherlands to a UK bank account, you will need an ID check.

It’s required by law due to anti-money laundering regulations.

Most people can be verified quickly and easily – sometimes just using basic details like your passport number and address.

Step 2 – Secure an exchange rate

Once registered, you are in a position to secure an exchange rate.

To send money to the UK, the Euro (EUR) to Pound (GBP) rate is what matters.

Note the exchange rate changes every few seconds throughout the day.

Whenever you’re ready, a bank or money transfer specialist will quote you their latest EUR/GBP rate.

No transaction will occur without your permission.

If you are happy to go ahead, the exchange rate is locked-in, and you will be emailed a confirmation with all the details of your transaction.

Step 3 – Send in your Euros

Next, you need to pay for your money transfer by sending in your Euros.

All the details will be on the confirmation you received.

A bank will require your Euros upfront, whereas a money transfer company can secure a rate before you send your funds in.

Step 4 – Your Euros are converted and sent to the UK

Once your bank or money transfer company has received your Euros, they will be converted into Pounds Sterling at the exchange rate agreed.

Your Pounds will then be sent to the UK bank account you request.

That’s it.

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How long does it take?

To send money from the Netherlands to the UK usually takes 1-3 working days.

Your money can be converted and sent out the same day. Most of the time taken is for your funds to clear into your UK bank account.

That can vary depending on your bank.

I note that ABN Amro say to allow 3-5 working days and Rabobank up to 5 working days.

That sounds slower than what I’ve seen in practice.

The best way to transfer money from Netherlands to the UK

To transfer money to the UK, you basically have two options.

You can use with a bank or money transfer specialist.

The best way will depend on the size and frequency of your payments.

For a small, one-off payment, it may be more convenient to use the Dutch bank holding your money.

While banks tend to charge additional fees, they offer a familiar and safe way to send money to the UK.

If you are looking to transfer a large amount or need to make regular international payments, it makes financial sense to consider the alternatives to a bank.

From my own experience, I have found banks are a more costly option, and they can be difficult to deal with.

Banks offer all sorts of products, whereas money transfer companies only carry out money transfers. It may explain why their service and process tends to be more customer-friendly.



Best for


Can use your existing account

High charges, minimal service

Small payments, convenience

Money transfer specialist

Lower cost, more efficient

Need to register 

Large or regular amounts

The charges explained (including the hidden ones)

Whenever you transfer money from Netherlands to the UK, there are two types of charges to look out for:

  1. Fees
  2. Exchange rate


1. Fees

Most people focus on the fees because they are more visible charge (but not necessarily the largest).

The most common type of fee is a transfer fee.

A transfer fee is a flat amount charged for every international transfer you make.

It varies depending on whether you who you use.

Here are the transfer fees charged by the three largest Dutch banks:

  • ING Bank charge €12 (standard) or €50 (urgent).
  • Rabobank charge 0.1% with a minimum of €10 and a maximum of €50.
  • ABN Amro charge €9 (online), €18 (urgent) and €25 (branch).

You will also find there are various fees for things like cancellations, incomplete or incorrect transfers, and even one if you make a complaint!

Some money transfer companies also charge transfer fees (we don’t by the way).

While the various fees are annoying, they often act as a distraction because the bulk of the cost is usually incurred in the exchange rate you get charged.

The foreign exchange industry has been marketing their services around ‘fees and commissions’ for years – which is misleading for customers.

For anyone sending a large amount of money to the UK, you need to be aware of the exchange rate.


2. Exchange Rates

If you’re new to money transfers, you might think exchange rates are roughly the same wherever you go.

That’s not the case.

Every bank and money transfer specialist set their own exchange rates.

What’s more, a lot of the time you’re not even looking at genuine rates.

By that, I mean exchange rates that customers get.

A lot of the big banks provide online Currency Converters or Rates Tables showing you their current exchange rates.

But if you look closely, they say that the rates shown are “indicative” or for “information purposes only”.

That’s because they are wholesale rates.

When you go to make an international bank transfer, you find out you are getting charged a different rate altogether.

While this is deceptive, it continues to be common practice. As long as there is a disclaimer somewhere on the page, they get away with it.

The big Dutch banks are pretty guarded about the exchange rates they charge. They make it difficult to see their rates without tinkering with their payment system.

Most of the banks use a tiered system: The larger the transfer, the better the rate.

Our research found that the exchange rate margin varied between 2% and 5%.

You generally need to transfer around €50,000 or more to qualify for the best rates. 

I have no gripe with any of the banks.

My point is just that I think you can do better elsewhere.

The reason you’re likely to get a better exchange rate from a money transfer specialist is that they have far lower overheads than a bank.

The running costs of a bank is on the billions. Ultimately, someone’s got to pay for that.

My advice is simple...

Before you send money from the Netherlands to the UK, do a quick cost comparison against your bank.

If you do it at roughly the same time, the fluctuations in the exchange rate won’t be significant.

Dutch panorama landscape with river blue sky and clouds

Is there a maximum amount you can transfer?

The UK has no foreign exchange restrictions with the Netherlands, so there are no legal limits on money transfers between the Netherlands and the UK.

Although there are no legal restrictions, the big banks often impose their own daily limits.

If you need to send a large amount back to the UK, using a bank can create extra costs and hassle.

Are you selling a property abroad?

If you use your bank, you may need to go into a branch to complete your transfer in one payment.

It may take several days longer using a bank, and you could incur more fees along the way.

The UK banks have daily online payment limits ranging from £25,000 to £50,000 (or Euro equivalent).

If you are planning to use a Dutch bank to transfer your Euros to your UK account, you may have to make an enquiry first as they appear to set their daily limit based on your account information.

It is worth noting that money transfer specialists don’t tend to have any maximum amounts for international transfers.

For large amounts, it is generally more cost-effective and efficient to use a money transfer specialist.

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How safe is a money transfer company?

I can’t make a sweeping remark about the safety and security of all money transfer companies.

However, I would always check you are dealing with a regulated company.

Why does it matter?

Using a regulated company for your money transfers is critical because it means your money will be held in a segregated client bank account.

That means your money can’t be mixed with company money. It’s an important safeguard for customers.

The big British banks and many money transfer companies are regulated by the UK’s Financial Conduct Authority.

If you use a Dutch bank, it may be regulated by the De Nederlandsche Bank (DNB) or the Authority for Financial Markets (AFM).

You should be able to spot a company’s regulation number on their website.

Or you can look them up on either the UK’s FCA register or the Netherland’s DNB register.

Key Currency can be found on both.

Cityscape Leiden with Catharinabridge, waterways, and Hartebrug church during the summer

How to get a better exchange rate

You have probably seen that the Euro to Pound exchange rate moves every few seconds.

Over a period of weeks, the moves can be substantial.

For a customer, the fluctuations in the rate can make it difficult to know when it’s the right time to exchange your Euros into Pounds.

With a large money transfer, even small swings in the rate can have a big financial impact.

As an example; say you were looking to transfer €75,000 to the UK.

It only takes some political news around Brexit or a national election to move the rate by 4-5%.

That news could trigger a difference to you of over €3,000.

Unless you are familiar with foreign exchange, you often don’t know the factors driving the rate or the underlying trends in the market.

It could lead to a costly mistake.

A money transfer specialist can discuss your requirements and work with you to achieve a more favourable rate.

That sets us apart from a lot of the other money transfer providers.

You may have heard of some of the bigger online-only operators, such as PayPal, TransferWise and Revolut.

They essentially offer a "do-it-yourself" platform or app.

You enter all the information and press all the buttons yourself.

Using a system or app will suit some people, such as online merchants who need to make frequent payments or people sending money every month to family living overseas.

However, for larger transfers, many customers want the peace of mind of having someone they can speak to and get some guidance from.

It comes down to what you're looking to do.

The larger your transfer, the more the costs and timing will make a difference to you.

Tourist passing Windmill the Monnikenburenmolen

Quick Summary

To transfer money from Netherlands to the UK, you can use either a bank or money transfer company.

Both options use the same method, but in my experience, it can be a lot cheaper and more efficient to use a money transfer company.

Who are we?

Key Currency is a leading money transfer specialist.

We help you achieve a better exchange rate and charge you no fees or commission.

Unlike the banks and online-only systems, we don’t make you do everything yourself.

All our customers are assigned an account manager who will talk you through the entire process, making sure everything goes smoothly from start to finish.

Our account managers can discuss rates with you to help optimise the timing of your transfer, and thereby reducing your costs.

It’s one of the unique features of our service.

The cost of our service is included within the rate we quote. There are no additional or hidden fees to worry about.

As a company, we are open and transparent.

That's why we are happy to show the names and faces of our people on our website.

We have a 5-Star "Excellent" customer rating on the review website Trustpilot; which is the highest rating available.

We’re committed to providing a service of the highest integrity and safety.

Key Currency is an FCA regulated Authorised Payment Institution (No. 753989), and as such, all money transfers are conducted through safeguarded client accounts.

To make a no-obligation enquiry, please request a quote below.