>The Bank of England charges UK banks to make transfers to ANY country, even banks within the EU.
>That means in the UK we still have to pay a surcharge on international bank transfers, even to EU countries.
In general, EU standard money transfer must be the same price as domestic transfers if:
a) correct SWIFT/BIC and IBAN are given
b) the amount is in EUR (or SEK)
c) not above 50,000 EUR
c) takes place between accounts in EU states (plus Norway, Liechtenstein, Iceland)
d) standard fee agreement, usually "share"
If conditions are not met, the fee may be higher.
If conditions are met, the fee must not be higher.
See
EU regulationsUK's practice for dealing with EUR/GBP transfers is shown in a corresponding
study (pages 62/63).