Question on bank transfers to other EU countries?

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joey11223
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Right so I want to send money to a guy in Germany, he believes bank transfer would be best because he thinks it's free. However from what I understand from my banks fees page it would cost me significantly, thus Paypal would be cheaper (he accepts these two payment options). I have no issue with security, I trust the guy, so I don't care that bank transfers aren't protected if he scammed me say.

He thinks it should be free and I must be mistaken because it is the law within the EEC...


"How much will I be charged if I transfer money from my account to an account in another EU country?

You cannot be charged more for transferring money to an account in another EU country than you would be for a transfer between two accounts in your own country.

Charges for different payments do vary between institutions. The only legal requirement is that the charge for a transfer to another EU country must not be more than the domestic charge for the same type of transfer (provided the amount transferred is less than 50 000 euros)."

http://europa.eu/youreurope/citizens...q/index_en.htm

However both Santander and Barclays, for instance, would seem to state I'd get charged £25 and £15 respectively if I'm not misunderstanding their charges/fees for international transfers?

http://www.santander.co.uk/csgs/Sate...in%20the%20UK;

http://ask.barclays.co.uk/help/trave...onal/payabroad

So which of these is correct?
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tehFrance
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Inter-Eurozone transfers are free, UK to Eurozone are not.
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joey11223
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(Original post by tehFrance)
Inter-Eurozone transfers are free, UK to Eurozone are not.
Ah I see, makes sense...I guess. Paypal it is lol.
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balotelli12
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PayPal?

Good luck with those cowboys.

I pay into Europe via FairFX
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tehFrance
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(Original post by joey11223)
Ah I see, makes sense...I guess. Paypal it is lol.
It's due to SEPA that's been introduced in Eurozone, they no longer have what we have so it's free right across Eurozone, I'd transfer with an FX provider as well not PayPal and I'd look into a Euro bank account if this is a regular thing (Commdirect).
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