XE Money Transfers - Germany
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Between banks and online transfer companies, you may be wondering what the best option is when you’re looking to send money to Luxembourg. Since Luxembourg uses the euro, you’ll have plenty of services to choose from. Our guide will help you decide which service to go with.
Instances of people wanting to send money from Germany to Luxembourg are not uncommon. Here’s the help you need in picking the right option.
David Schmit first visited Germany as a child. Ever since, he wished to relocate to this country. Now that he’s here and has a steady job, he wants to send some money back home, to his mother who lives alone. He plans to send around €1,000 every month.
He has a bank account with a leading financial institution in Germany. While he can use its services to send money to Luxembourg, he thinks he might be able to get a better deal. He goes online to compare his options. This is what he finds.
|German bank||Money transfer service 2|
|Transfer time||Two to five days||One day|
|Transfer options||Bank account||Bank account|
When compared to his bank, the money transfer company resulted in a more profitable transfer as he could save €40 in transfer fees. Besides, it also got the money to his mother sooner.
While money transfer companies tend to rate better than banks in the field of international fund transfers, not all are equally good. When comparing your options, pay attention to these factors:
You can send money from Germany to Luxembourg using different methods, through banks or non banking institutions:
Getting money from Luxembourg to Germany is not difficult. Your options include:
Losing your wallet or money away from home can be daunting. If this happens when you’re visiting Luxembourg, make sure you cancel your debit and credit cards as soon as you can. You can then think about getting some emergency money in these ways:
Western Union and MoneyGram have several locations spread across Luxembourg. When you’re going to collect cash from any such location take the reference number with you. You’ll also need to provide an acceptable form of ID such as your passport or driver’s licence. If the transfer involves a large sum, you may want to call ahead of time to check for availability of funds. Here are some cash pickup locations in Luxembourg:
Scam artists can target foreign visitors and local residents alike, leading to considerable financial loss. There has been an increase in reports of burglaries by people who’ve moved into the countryside. Crimes in these regions tend to take place around holiday periods.
There have been instances of pickpocketing, especially at the main bus and railway stations. Thefts and pickpocketing take place in hotel lobbies, especially in the Findel area. It is in your best interest to keep your bags within sight at all times. Avoid displaying expensive items.
The steps involved in sending money to Luxembourg can vary depending on the method you select:
Learn how Ria Money Transfer, the third-largest provider of international money transfers in the world, may help you get more money to your destination with competitive exchange rates and low fees.
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Our top picks are our selection of the best money transfer services, based on our extensive research and market experience. Here’s how we choose them.
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