All my bank accounts are in EUR (I am German) and I needed to transfer 100£ (GBP) to a british bank account to pay a reservation fee. I was provided with an IBAN to that account.

I then converted from EUR to GBP by hand and transferred 117€ (+ a little bit more to compensate for currency flunctuations) via a SEPA credit transfer (UK still participates in SEPA as far as I know, even after the Brexit).

Question: Was this the right procedure? In particular, can I be sure that

  • the british account received at least 100£?
  • there are no charges or other inconveniences on the site of the receiver?

My EUR bank account has not seen any additional fees deducted. Is this normal (I expected fees)? Will these fees only be deducted later or do I need to worry that I chose the wrong way to transfer the money?

All in all, I would like to have a better unterstanding of how SEPA credit transfer works between accounts with different currencies. If my approach was wrong, what would be the correct way to transfer the money (without a month of preparation for opening a bank accounts in a different currency).


It was informed that the british bank account indeed received the right amount (100£). Several weeks later there have still not been deducted any additional fees, and I have just payed 117€ in total.

I can also confirm that it was a SEPA transfer. I just performed another such transfer and after I confirmed it I was informed (by the website) that, since it was not a EUR-EUR transfer, it will be performed as a SEPA transfer.

  • Are you sure it was actually SEPA even though the transfer was to a GBP account? Aug 2, 2021 at 11:53
  • @GS-ApologisetoMonica I assumed that this is the case when I am using an IBAN. Is it not? Sorry for my naivete!
    – M. Rumpy
    Aug 2, 2021 at 12:26
  • 1
    I don't think it would be, as I think SEPA is just for EUR-EUR transfers. Maybe you can edit the question to describe exactly what you do know about the transfer? Aug 2, 2021 at 14:23
  • SEPA is for EUR payments only. GBP->EUR may fall under SEPA under some/many circumstances, but EUR-GBP almost certainly doesn't (unless you are transferring euro and the beneficiary's bank handles the conversion).
    – xngtng
    Aug 2, 2021 at 18:56
  • @GS-ApologisetoMonica Just to point to my update, the website of my bank informed me that this was indeed a SEPA transfer, and surprisingly, they said that it was because it was not a EUR-EUR transfer.
    – M. Rumpy
    Aug 29, 2021 at 14:34


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