Sending money is cheaper, faster and more transparent.
In the past 10 years the EU has simplified international bank transfers with the SEPA system and said ‘farewell’ to charges. SEPA uses a single set of standards that means euro payments across borders are as easy as national transfers. And they happen in minutes! You don’t wait to receive the money you’ve earned, and you don’t pay any more than you would for a domestic transaction. Even if you’re not paying in Euros, SEPA rules mean that your bank has to tell you the cost of a currency conversion before they make a payment abroad. Keeping things clear is worth a lot.