Send Money To Germany

Germany flagYou would think that sending money to Germany should be easy and cheap. But, in reality, banks charge large fees for sending the money. You can change that if you read the following Germany Money Transfer Guide.

We will show you how to pay 90% less on fees and send the payment more quickly than your local bank. Take a look at our best Foreign Exchange (FX) companies and see how much you can save.

The Guide’s Topics:

Best Way To Transfer Money To Germany

Payment Facility



CurrencySolutions logoMin. Transfer: £ / € 3,000.
Transfer: Online or by Phone.
Why Them? No Currency Limitations. Personalized Service. Business & Property Experts.
Currency Solutions Review
worldfirst-logoMin. Transfer: £ / € 1,000.
Transfer: Online or by Phone.
Why Them? 97% Positive Client Feedback. Personalized Service. eCommerce and Personal Transfer Experts.
WorldFirst Review
MoneyCorp logoMin. Transfer: £ / € 50.
Transfer: Online or by Phone.
Why Them? Best Rate Guarantee (UK). Personalized Service. 35 Years in the FX Business.
MoneyCorp Review
paypal logo2.9%+ Transfer Fees, and 2.5% more for Currency Exchanges. Quick but expensive. Paypal

Supported Countries & Payment methods

All of the above listed companies are able to make international money transfers to any location their customers needs. Most of them have offices on all four of the most important continent like Europe, America, African and Asia.

Each of them have differences and have specialized on certain benefits for their customers:

CurrencySolutions works most of the times with higher amounts and that’s why it is a preferred solution for businesses. Another affinity for them is from the real estate agents who serve international clients that want to buy properties abroad.

WorldFirst has decided to focus on technology and thus created a mobile app that is very easy to use. This way they can satisfy every customer by providing another method of transferring money, alongside the usual online platform and telephone dealers.

MoneyCorp is the oldest company reviewed by us, having more than 35 years of experience in the money transfer market. With a minimum transfer amount of only €50, they are accessible to all kind of clients, be it big or small.

Best Company to Transfer Money from Germany

Service Provider



worldfirst-logoMin. Transfer: £ / € 1,000.
Transfer: Online or by Phone.
Why Them? 75,000+ Active Clients. 100+ Currencies Available. 98% Positive Client Feedback.
WorldFirst Review

Supported Regions & Currencies

As it is the case with most countries that are part of EU, Germany doesn’t have restrictions about money transfers. Especially if you send or receive from another EU country, the transfers are quickly completed and most of the times they come with a zero fee – if using Foreign Exchange companies. Using banks, still means that you will pay a good chunk of money on each transfer.

Currencies: With WorldFirst you can send money from Germany to, practically, all over the world. Because they have access to over 100 currencies and the Euro alone is used in 19 countries, you can understand that very few places on Earth are not covered by them.

Most of their customers are using FX companies to buy properties as investments in places like Spain, Ireland, Mexico, Italy or Greece. Others are sending money back home, to countries are remittances depended like India, Philippines, Poland, Bangladesh, Nigeria, Ghana or Kenya.

Today’s Foreign Exchange Rates for EUR

GBP to EUR – Pounds to Euro; 10,000 GBP is 13,109.0000 EUR

EUR to GBP – Euro to Pounds; 10,000 EUR is 7,628.3469 GBP

EUR to CAD – Euro to Canadian Dollars; 10,000 EUR is 14,629.6438 CAD

CAD to EUR – Canadian Dollars to Euro; 10,000 CAD is 6,835.4364 EUR

AUD to EUR – Australian Dollar to Euro; 10,000 AUD is 6,443.9856 EUR

EUR to AUD – Euro to Australian Dollar; 10,000 EUR is 15,518.3462 AUD

EUR to USD – Euro to US Dollars; 10,000 EUR is 11,148.0662 USD

USD to EUR – US Dollars to Euro; 10,000 USD is 8,970.1656 EUR

EUR to CHF – Euro to Swiss Franc; 10,000 EUR is 11,071.0199 CHF

CHF to EUR – Swiss Francs to Euro; 10,000 CHF is 9,032.5915 EUR

NZD to EUR – New Zealand Dollar to Euro; 10,000 NZD is 6,060.0037 EUR

EUR to NZD – Euro to New Zealand Dollar; 10,000 EUR is 16,501.6401 NZD

Sending Money To Germany Bank Account

Germany is one of the 19 countries that use the Euro as their currency and being part of the European Union has it’s benefits. Using the same currency in multiple countries saves a lot of time because there is no need to exchange currencies every time you go across the border or send money to someone.

Keep in mind that in order to send money to Germany from UK, it must be in euros not pounds. But the exchange in to euros can be done automatically by the company you choose to transfer money with, at a fee of course. How much is this fee? At the banks or remittance companies like Western Union, the fees are significant. But using a Foreign Exchange company will mean a low fee or sometimes no fee at all. Yes, in some cases there is no transfer fee (mostly when the amount is over 5000 euros).

Business: Germany is the largest national economy in Europe and the fourth largest worldwide by the nominal GDP. It is also the third largest exporter in the world with a reported highest trade surplus in the world worth $285 billion, in 2014. It is no surprise that the business sector in Germany is of interest for many entrepreneurs. A good economic climate can positively influence the companies that reside or are tangent to that economy.

Tip: If you want to start meeting and working with a German businessperson, be sure to read about their cultural and business etiquette to be able to start your collaboration with the right foot.

Cars: For many years Germany has been the e World’s number one exporter of cars. Vehicles are also the most valuable exported goods for this country, bringing in almost $268 billion in 2014 alone, which accounts for 17.7% of total exports.

The economic crisis didn’t affect this industry too much as the majority of the national population have always remained loyal to local brands. As we can see from the research for 2014 Q3 here, the second place in sales is actually the premium brand Mercedes. This is pretty clear indicator of the purchasing power in this country.

Thinking Of Relocating To Germany?

If you consider moving into Germany and live there as an expat, you may find the following information helpful.

Advantages Of Moving To Germany:

  • Sensational Healthcare: Most services free including wisdom teeth extractions that can be quite costly in other countries.
  • Public Transport Bundles Even though German public transport is quite high; you can get a discount for traveling in groups or the 2 for 1 special when going out at night.
  • Low Crime Rates: Germany is 77th on the crime level index.

Disadvantages Of Moving To Germany:

  • High Taxes: Roughly 35- 40% of your paycheck is taxed.
  • Housing Shortage: Germany has a very extreme housing shortage, which makes rents expensive and apartments hard to come by. The average rent is 30% higher in Germany because of this.
  • High Cost of Living: Food is 25% more expensive than the rest of Europe.

Popular Destinations in Germany

Popular cities for business and real estate transactions in Germany are: Berlin, Hamburg, Munich, Cologne, Frankfurt, Essen, Stuttgart, Dortmund, Dusseldorf and Bremen.

How To Send Money to Germany Bank Account

Foreign Exchange companies, which are not Forex Traders – don’t get them confused – offer the best way to send money to Germany. Mostly because of three things:

– Low or Zero fees;

– Quick delivery time (1-2 days);

– Great currency exchange rates.

FX dealers are a common solution for those that want to buy properties overseas because they can send regular international payments towards your desired real estate company or directly to the banks where you have the credit.

They can offer low fees because you are indirectly helping them to distribute large amounts of currencies. The model is simple: They buy large quantities of currency at a wholesale prices at an opportune time and then transfer it to different locations through their clients. And because the acquisition prices are very low, they can offer far better exchange rates than banks. Simple and effective.

Because the money are sent to a bank account, you will need to provide the following details:

  • Account Holder’s Full Name
  • IBAN
  • Swift/BIC Code
  • Your identity card

After you provide all the details listed above, the process is simple:

  • Create a free account with the company;
  • Receive a quote from one of the dealers online or by the phone;
  • Send money to your account so you can fund the transfer;
  • Get a confirmation from the company when the transaction is completed.

Our Company Recommendation:

Biggest banks in Germany

  • Deutsche Bank
  • Commerzbank
  • Kfw Bankgruppe
  • DZ Bank
  • HVB Group

When the difference between Pounds and Euros really matters

We all know that the British Pound is a heavier currency than the Euro. And by this reasoning, any multiplication will translate to more and more euros for the person living in Germany. So when we think about the fact that some banks charge a percentage fee from the deposit amount, things get even more annoying.

Why should the you loose money for a simple transfer? Why should the receiver get £30 less and shouldn’t get a three-course meal for 2 at a Mid-range Restaurant?

It’s nonsense to waste money on fees upon fees when you can send money through FX companies in all the major cities (including Berlin, Hamburg, Munich, Cologne, Frankfurt or Stuttgart), for standard fees that usually don’t exceed £9.

Let’s say you have a small team of people that work for you and today payday. You need to send money to 3-5 employees. If you were to do these transactions with a bank, you would lose between £150 and £300 every month. With any of the companies that we listed above you will only spend, at most, £45.

With this difference, in 1 year, you could save a full month salary for one of you employees. Or better yet, you could give them the Christmas bonus that they strive.