Transferring euros from EU bank account to British bank account after 01/01/21

marjoriegw

Dear all, does anyone know if bank transfers from EU-based accounts (in this case France) to GB accounts will be subject to different checks and possibly higher fees (I am not talking about currency exchange rates) after the end of the transition period?
I am sure the government must have released some information on this by now but cannot find anything anywhere, so am unsure whether to transfer the funds across now or if it is OK to do this at a later point. Thanks!

colsten

Apart from possible exchange rate fluctuations, there should be no change as it has been agreed some time ago that payments between the UK and the Eurozone will continue to be handled as SEPA payments. The sending organisation will, however, may have to provide a few bits of extra data, and they may want to charge for that.

https://www.europeanpaymentscouncil.eu/news-insights/news/brexit-1-january-2021-onwards-get-ready-end-transition-period