Find out how you can save money and enjoy a hassle-free transfer when you send funds from the United States to Germany.
There are more than 50 million Americans of German descent, which equates to more than 17% of the US population. So if you ever need to send an international money transfer to Germany from the United States, you won’t have any trouble finding a bank or money transfer company willing to handle your transaction.
With so much choice available, it’s crucial that you compare the features and fees of different transfer providers to find one that offers affordable and secure international payments.
Compare International Money Transfers
Banks versus money transfer companies
If you want to send money to Germany you can easily do so through any major US bank, but there’s one big problem with doing so: it’ll cost you a lot of dough. Banks are notorious for charging hefty fees and offering poor exchange rates for international money transfers, with the end result being that your wallet ends up far lighter than it needs to be.
A much better approach to sending money overseas is to use a money transfer company. These providers, some of which are based solely online and others which offer agent networks around the world, specialise in sending international money transfers. Their fees are much lower and their exchange rates generally noticeably higher than those you can get from your bank, meaning that both you and your recipient will be better off financially.
Klaus has been settled in Boston for more than five years now but he still maintains strong ties with his family back in Munich. Every year around Christmas time he sends them a $1,000 money transfer to help fund their holiday shopping spree, but Klaus is growing sick and tired of paying a $45 transfer fee imposed by his bank every time he makes a transfer. He decides to compare the services of two money transfer companies to see if he can find a better deal.
|Money transfer company 1||Money transfer company 2|
|Exchange rate||1 USD = 88.20 EUR||1 USD = 87 EUR|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||4 business days||3 business days|
|Amount received (in EUR)||882 EUR||870 EUR|
As you can see, a small difference in the exchange rate makes a noticeable difference in the amount that makes it to Klaus’ family, while fees and processing times also vary between companies.
How to compare transfer companies when transferring money to Germany
- Exchange rates. The exchange rate that applies to your transaction can have a huge bearing on the affordability of your transaction, so search for a company that regularly offers competitive rates.
- Fees. Make sure you’re aware of any fees that will apply to your transfers, keeping in mind that companies with higher exchange rates may also have higher fees.
- Transfer methods. Available transfer methods include online, over the phone, using a mobile app or visiting a branch.
- Transfer options. Limit orders, forward contracts and the ability to schedule repeat transfers are some of the flexible options available.
- Turnaround time. Processing times can vary from within 10 minutes to up to 10 business days, so check each company’s turnaround time if fast transfers are a priority for you.
- Minimum transfer amount. Some companies will force you to transfer more than a minimum limit each time you send funds overseas, which can be frustrating if you only need to send small transfers.
- Pickup methods. Can the funds be collected from a transfer agent or will they be deposited into your recipient’s bank account?
- Customer service. Will phone, email and/or live chat customer support be available when you need it?
How to send money to Germany from America
- Bank transfers. Bank-to-bank transfers are a safe and convenient way to send funds overseas.
- Online money transfer providers. Companies like TransferWise and USForex offer affordable international money transfers.
- Money transfer companies with cash pickup options. MoneyGram and Western Union are the two best-known providers of this service.
- PayPal. PayPal offers secure and quick transfers between the United States and Germany.
- Checks. Obtaining an international check from your bank is a reliable but slow transfer method.
Emergency cash transfers in Germany
If you ever need to send an emergency cash transfer to Germany – maybe your teenage son or daughter is backpacking through Europe and has run out of money – remember that urgent transfers often don’t come cheap. Fees rise and exchange rates often fall when you send a transfer ASAP, so take a little time to examine the full cost of your transfer before you send it.Back to top
Cash pickup locations in Germany / Western Union / MoneyGram / Ria branches in Germany
As the operators of the three largest money transfer networks in the world, Western Union, MoneyGram and Ria allow you to send funds to Germany which can be collected from their transfer agents throughout the country. The details of 12 popular cash pickup locations are below – just make sure your recipient knows the transaction reference number and takes some photo ID along when they go to pick up the cash.
Deutsche Postbank AG 5
Berlin, Berlin 10178
Open 9am to 7pm Monday to Friday, 9am to 4pm Saturday
Geco Hansa Center
Berlin, Berlin 13051
Open 8am to 8pm Monday to Saturday
Deutsche Postbank AG
Zweibrueckenstr 5 7
Muenchen, Bayern 80469
Open 8am to 6pm Monday to Friday, 8am to 1pm Saturday
Deutsche Postbank AG
Alter Hof 6 7
Muenchen, Bayern 80331
Open 9am to 6:30pm Monday to Friday, 9:30am to 12:30pm Saturday
Open 10am to 7pm Monday to Friday, 10am to 3pm Saturday
Open 8:30am to 5pm Saturday to Wednesday; 8:30am to 5:30pm Thursday; 8:30am to 4:30pm Friday
Rosenheimer Str. 30
Open 10am to 8pm Monday to Saturday
Open 8am to 8:30pm Monday to Friday, 9am to 8pm Saturday
Ria Deutschland GmbH-Berlin KF Tiergarten (Berlin)
Open 8:30am to 7:30pm Monday to Friday, 10am to 6pm Saturday
Ria Deutschland GmbH-KM Neukölln (Berlin)
Karl Marx Str. 87
Open 9am to 8pm Monday to Friday, Saturday 10am to 6pm
Ria Deutschland GmbH – Muenchen (Munchen)
Open Monday to Friday 8am to 2pm, 10am to 6pm Saturday
Ria Deutschland GmbH Munich 2 (München)
Open 8am to 10pm Monday to Friday, 9am to 7pm Saturday and 10am to 6pm SundayBack to top
Tips for picking up cash in Germany
Keep the following safety tips in mind if you ever pick up a cash transfer from an agent in Germany:
- Make sure your wallet and bag are secure
- Never leave your bag or wallet unattended in a public place
- Don’t carry around large sums of cash – deposit the funds with a bank as soon as you can
- Ask a friend to accompany you and act as a deterrent to thieves
- Don’t publicise your stash of cash in front of strangers
How to send money to Germany
There is certainly no shortage of transfer provider who will be happy to help you send money to Germany, but before you can lodge a transaction you will usually need to provide the following details:
- Your name, address, contact information and date of birth. Valid photo ID will also be required.
- Your recipient’s name, address and contact details. Depending on your transfer method you may also have to supply their bank account information.
- How much money you’re sending, where you’re sending it to and the currency you wish to transfer.
The entire transfer process is simple, straightforward and convenient, but it’s vital that you compare money transfer companies on finder.com before choosing one that suits your needs.