International Money Transfers

Send Money To Germany

Germany flagYou would think that sending money to Germany should be easy and cheap. But in reality, banks charge big fees for money transfers. 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.

Best For Large Money Transfers:

currencies-direct logo

No fees

Website available in German

Minimum transfer = £/€/$100

You will have a dedicated dealer

Assistance by email, telephone or call-back

Mobile apps for both Android and iOS

Visit Currencies Direct For Quote
Best For Small Money Transfers:


Small transfer fee

Website available in German

No minimum transfer amount

Online transfers only

Contact through chat, email or telephone only

Mobile apps for both Android and iOS

Visit Currencyfair  –  Free Quote

Worth noting: While Currencies Direct provides a better service and allows you more flexibility, if you need to send a small amount of money abroad, Currencyfair might be the better solution for your needs.

The Guide’s Topics:

Best Way To Send Money To Germany

Payment Facility



currencies-direct logoMin. Transfer: £ / € 100.
Transfer: Online or by Phone.
Wire Fees: None.

- GBP: 1.1743 EUR to 1.1784 EUR
- CAD: 0.7573 EUR to 0.7599 EUR
- USD: 0.9681 EUR to 0.9715 EUR
CurrenciesDirect Review
currencyfair logoMin. Transfer: £ / € 1.
Transfer: Online or using the App.
Wire Fees: € 3

Expected Rates*:
- GBP: 1.1743 EUR to 1.1769 EUR
- CAD: 0.7573 EUR to 0.7589 EUR
- USD: 0.9681 EUR to 0.9702 EUR
Currencyfair Review
Germany BankBig International Transfer Fee + Currency Exchange Fee. Double The Cost Of Commercial FX.

Exchange rate would be approximately *:
- GBP: 1.1566 EUR to 1.1684 EUR
- CAD: 0.7458 EUR to 0.7535 EUR
- USD: 0.9535 EUR to 0.9632 EUR
paypal logo2.9%+ Transfer Fees, and 2.5% more for Currency Exchanges. Quick but expensive.

Exchange rate would be approximately *:
- GBP: 1.1507 EUR or worse
- CAD: 0.7458 EUR or worse
- USD: 0.9535 EUR or worse

* Expected Rates reflect our rate expectations based on our research. We do not guarantee accuracy. For some companies we used a range of rates because they offer wholesale rates for large trades and higher rates for small trades.

Best way to send money to Germany

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

Each of them has 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.

Currencies Direct 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 Send Money from Germany

Service Provider



currencies-direct logoMin. Transfer: $/€ 100.
Transfer: Online or by Phone.
Why Them? Over 150,000 Active Clients.
$4.5Bn Transferred Annually. 18 Worldwide Offices.
CurrenciesDirect Review

Supported Regions & Currencies

As it is the case with most countries that are part of the 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 Currencies Direct 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 11,802.0000 EUR

EUR to GBP – Euro to Pounds; 10,000 EUR is 8,473.1401 GBP

EUR to CAD – Euro to Canadian Dollars; 10,000 EUR is 13,139.4679 CAD

CAD to EUR – Canadian Dollars to Euro; 10,000 CAD is 7,610.6583 EUR

AUD to EUR – Australian Dollar to Euro; 10,000 AUD is 6,894.4567 EUR

EUR to AUD – Euro to Australian Dollar; 10,000 EUR is 14,504.4060 AUD

EUR to USD – Euro to US Dollars; 10,000 EUR is 10,277.9190 USD

USD to EUR – US Dollars to Euro; 10,000 USD is 9,729.5960 EUR

EUR to CHF – Euro to Swiss Franc; 10,000 EUR is 9,687.0869 CHF

CHF to EUR – Swiss Francs to Euro; 10,000 CHF is 10,323.0208 EUR

NZD to EUR – New Zealand Dollar to Euro; 10,000 NZD is 6,253.0796 EUR

EUR to NZD – Euro to New Zealand Dollar; 10,000 EUR is 15,992.1200 NZD

Popular EUR Routes

Popular currency transfer routes for people visiting this page:

  1. Transfer from UK to EU (GBP to EUR)
  2. Transfer money from US to Germany (USD to EUR)
  3. Transfer from Canada to EU (CAD to EUR)
  4. Transfer from Australia to USA (AUD to EUR)

Euro behaviour

euro-currency-germanyThe ECB is very independent and has the mandate to maintain long-term stability. Given structural issues, the currency has important underlying vulnerabilities despite strong notional fundamentals.

When created in 1999, the European Central Bank’s (ECB) over-riding mandate was to maintain price stability. The bank’s strong independence should ensure a strong currency over the medium term.

Monetary policy will inevitably be a key aspect determining the currency’s value on a shorter-term cyclical basis. The Euro strengthens when the ECB is raising rates to control inflation, weakening when there is a downturn and a cut in interest rates.

The ECB introduced quantitative easing and a negative deposit rate to put downward pressure on yields and raise inflation. The yield structure is also undermining the currency as capital outflows increase.

Global risk appetite is important and capital outflows into high-yield instruments will tend to increase when confidence in the international outlook is strong. When international fear tends to dominate, the Euro will tend to appreciate on capital repatriation, especially as the Euro-zone runs a strong current account surplus.

Given that the Euro-zone is comprised of individual countries, there are underlying divisions within the ECB over the appropriate setting of monetary policy.  These fault-lines and inability to cushion individual countries through fiscal transfers tends to intensify structural vulnerabilities. These persistent concerns make the currency brittle and susceptible to a crisis of confidence.

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 its 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 the UK, it must be in euros not pounds. But the exchange into 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 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 a 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 transfer money to German 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 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 is sent to a bank account, you will need to provide the following details:

  • Account Holder’s Full Name
  • IBAN
  • Swift 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 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 you lose 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 your employees. Or better yet, you could give them the Christmas bonus that they strive.