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Send money to Germany

Secure, convenient ways to transfer your US dollars to Germany.

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Online money transfer companies typically offer the lowest fees and the most competitive exchange rates — often beating your local bank by a longshot. You’ll need to send cash if your recipient doesn’t have an account with a supported bank, so compare options to find the best deal for your situation.

Send money to Germany with TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

  • Fair service fees and mid-market rates – a major market differentiator
  • Next-day delivery for most currencies
  • Easy-to-use app
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Compare providers who can help you send money to Germany

Compare minimums, speed, fees and more when converting US dollars to euros in Germany.

Enter the amount you’re transferring to see how much will arrive at your destination.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1,000 1 - 2 days USD 0.00 0.827 EUR 4,137 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
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$1 Same day USD 0.00 0.832 EUR 4,160 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.819 EUR 4,094 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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$1 1 - 2 days USD 40.00 0.836 EUR
4,146
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
$1 Within an hour USD 3.99 0.832 EUR 4,158 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Germany?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Germany. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like XE and Transferwise specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s German bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram and Western Union allow you to transfer cash for pickup at a local branch in Germany— often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

The euro is a popular currency, so your local bank may be able to exchange them. If your bank supports euros, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Germany.

Let’s crunch the numbers: Sending $1,000 to Germany

Let’s say you need to send $1,000 to family in Germany. Here’s what you might face as far as fees and exchange rates as of April 17, 2020.

Digital money transfer service Cash transfer Bank transfer
Fee $0 $4.99 $25 + additional correspondent bank fees
Exchange rate 1 USD = 0.913 EUR 1 USD = 0.884 EUR 1 USD = 0.878 EUR
Transfer speed 1-2 days Minutes 2-5 days
Amount received EUR€913 EUR€879 EUR€856
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being the slowest and gets the smallest amount of money to your recipient in Germany. If you go with the digital money transfer service, your recipient ends up with EUR€57 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Germany in as little as 15 minutes — just make sure there’s a cash pickup location near your recipient before sending.

How to send money to Germany online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their German bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Germany. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to Germany

Weigh costs and fees against convenience to best compare money transfer providers that send to Germany. Consider:

  • Exchange rates. The USD-EUR relationship fluctuates often, so using a service that allows you to lock in exchange prices may help you save money down the line if the euro rises against the US dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger USD-EUR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of euros you’re sending to Germany.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Germany.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a German bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer

When urgency trumps cost to get your money to Germany quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Germany without a bank account

Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Germany’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Germany’s exchange rate is based on the euro, which is flexible compared to the US dollar. Because both are relatively stable global currencies, the USD-EUR relationship typically doesn’t make sharp movements. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today’s exchange rate USD to EUR

1
0
Updated: 28 Nov 2020 11:19:08 UTC

Documents needed for transferring money to and from Germany

To send money to Germany from the US, you’ll need a government-issued ID and other documents, while documents needed to pick up money in Germany may be different by company.

Documents to send money from the US

To send money from the US to Germany, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SSN.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, German bank account and routing number.

Documents to receive money in Germany

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A German Passport, German ID, EU-country issued ID, or similar official ID may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

What to watch out for

Sending money to German relatives or family members in Germany may be subject to taxes on the money transfer, but it depends on several variables. In general, any large transfers being sent from the US to Germany or the EU should be filed with the IRS to avoid any penalties.

Learn more about using the European euro in Germany

Bottom line

Sending your hard-earned money to Germany shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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