Castle in Germany

How to send money to Germany

Find out how you can save money and enjoy a hassle-free transfer when you send funds from the USA to Germany.

If you need to send money to Germany, determining the simplest and most cost-effective option can be stressful.
Transferring your dollars to Dusseldorf doesn’t have to be complicated and expensive. Get the most euros for your buck when you compare transfer fees and exchange rates from a range of providers.
World First Foreign Exchange

World First International Money Transfers

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  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    Compare providers who can help you send money to Germany

    Our interactive table lets you compare current fees, exchange rates, transfer speeds and other details about sending your money overseas. Enter the amount you’re transferring, and see how much will arrive at your destination.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
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    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1,000 1 day USD 0.00 0.846 Online, Phone, Bank Account to Bank Account EUR 4,232 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 1 3 - 5 days USD 50.00 0.849 Online EUR
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    1 day - - Online, Phone, Bank Account to Bank Account Exclusive exchange rate discounts
    No-maximum limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 100 3 - 5 days USD 5.00 0.845 Online, Phone EUR 4,223 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
    USD 1 Within an hour - - Online, Bank Account to Bank Account, Cash Transfer Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

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    How do international money transfers work?

    If you don’t already have an account with the company you choose for your transfer, you’ll need to open one either in person or online. The money you send can be in cash or from a bank account, a debit card or even a credit card. Simply put, once you’ve signed over your funds and designated a recipient, the bank or transfer agency whisks it through electronic money networks to its destination, where your recipient either picks it up in person or finds it deposited into their bank account.

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    Banks versus money transfer companies

    Think the obvious way to send money abroad is through your bank? It may also be the slowest and priciest, with high fees and weak exchange rates — resulting in fewer euros for your recipient.

    You can save time and money by using a money transfer company that specializes in zipping funds around the world. They stay in business by offering low fees, and most take a minimal cut of the exchange rate. You pay less upfront, and your recipient gets more euros.

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    Case Study: Klaus Sends Money to Germany

    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 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 1Money transfer company 2
    Exchange rate1 USD = 88.20 EUR1 USD = 87 EUR
    Transfer fee$10$5
    Transfer methodBank account depositBank account deposit
    Processing time4 business days3 business days
    Amount received (in EUR)882 EUR870 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.

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    How to compare transfer companies when transferring money to Germany

    • Exchange rates. The exchange rate that applies to your transaction can have a huge impact 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. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments, or does the company only provide one-off spot orders?
    • Turnaround time. Processing times can vary from within 10 minutes to up to 5 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?
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    Foreign exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, one dollar is worth approximately 83 euro cents as of September 2017. The euro’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
    Currency exchange rate for Germany

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    Ways 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 OFX 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.
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    Steps to send money to Germany

    1. Choose from among the numerous transfer providers who send money to Germany.
    2. Register with the provider of your choice on their website providing your name, address, contact information and date of birth. A valid photo ID will also be required.
    3. Provide your recipient’s name, address and contact details. Depending on the transfer method you may also have to supply their bank account information.
    4. Enter the amount you want to send, complete your transaction and save your tracking or receipt number to follow up on the progress of your transfer.
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    • Making a cash transfer to 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.

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    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 publicize your cash in front of strangers.

    Cash pickup locations in Germany

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