Send Money to Germany at a Bank Beating Rate by Comparing Different Money Transfer Companies

There are more online money transfer companies you can use (not counting your bank!) to send money to Germany than you can shake a stick at.

We give you information you can use to make an informed decision about which company to use to send money to Germany.

Here’s what you need to know when you compare different quotes to send money to Germany.

Tips for picking up cash in Germany

Government advisory website, safetravel warns against bag snatching and other types of street crime as foreigners can be the target of theft in major German cities and tourist destinations. Travel in a group if you’re concerned for your safety when picking up cash. If you’re travelling solo, your hotel may be able to assist with an escort, especially if you’re collecting a large sum of money.

Rates last updated November 25th, 2017
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
Moneycorp Money Transfers
GBP 50
Same day
Online, Phone, Bank Account to Bank Account
The longest standing and largest full service specialist currency provider in the UK.
TorFX International Money Transfers
NZD 200
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
Exclusive: CurrencyFair International Money Transfers
2 days
Exclusive offer: 3 Free transfers (after your first transfer)
A peer-to-peer transfer service with a large range of currencies on offer.
Currency Online International Money Transfers
2 days
Online, Phone
Is committed to save money whenever you make a purchase or sale involving foreign currency. Highly competitive exchange rates and low or zero fees.
Currencies Direct International Money Transfers
NZD 100
2 days
Online, Phone
$0 online transfer fee that you can access 24/7.
XE International Money Transfers
1 day
Online, Phone, Bank Account to Bank Account
Send money in more than 60 currencies. Fee-free international money transfers with a global brand.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Banks versus money transfer companies

The table below shows the differences between overseas money transfer companies and your bank.

Bank Overseas cash payment company Online money transfer company
Exchange rate $1 NZD = 0.5930 EUR$1 NZD = 0.5852287 EUR$1 NZD = 0.6010 EUR
Transfer fee$18 NZD74.00 NZD3.00 EUR
Amount received for $1,000 NZD (in euros)593.00 EUR585.23 EUR598.00 EUR
Transfer time 2 – 4 business daysMinutes2 business days
Transfer optionsBank account depositCash collectionBank account deposit
Difference of (not including transfer fee)0-7.77 EUR+5 EUR

Current: 25/02/16

How do I compare money transfer companies?

  • Exchange rate. What rate of exchange can the international payment provider offer? All providers let you trade NZD and EUR. Look out for best rate guarantee offers if you’re rate hunting, and also be wary of the exchange rate on no transfer fee deals. Sometimes the transfer fee can be included in an inflated exchange rate margin.
  • The transfer fee. The cost to send money to Germany. Some money transfer companies will waive the transfer fee if you’re sending more than $10,000 for example, other providers give you first transfer free deals as a sweetener when you join.
  • Transfer time. Based on how you pay and how you want the money collected. Cash payments are available in an instant when you pay with your card. Bank account transfers can take up to 4 business days to clear.
  • Payment methods. Ways to pay can include: debit card, credit card, cash in person and bank account deposit. Credit, debit and cash payments can clear in minutes.
  • Collection options. A select number of providers have agents in Germany where cash can be collected in person. Banks and other money transfer companies all offer bank deposits as a transfer method.
  • Transfer options. All providers allow you to make a on-the-spot payment to Germany. Only a handful offer additional services such as recurring payments, forward contracts and limit orders.
  • Transfer limits. This may be a consideration for payments less than $50-$100 or more than $5,000 – $7,000.
  • Customer service. Does the money transfer company have a New Zealand based customer service team on hand to answer any of your questions.

How do I send money to Germany from New Zealand?

Use these different international payment services to send money to Germany.

Your bank

You can make a payment to a German bank account at your local bank branch, via telephone banking or you can make an online payment by logging in to your internet banking facility. Enter the following information about the payee to send money to a German bank account.

  • The payee’s name and address
  • The payee’s account number or International Bank Account Number (IBAN)
  • The overseas bank name, branch location and SWIFT code

Online money transfer company

Register for a free account to send money to Germany using one of the following online money transfer companies.

  • TorFX. Send money to Germany at a bank beating exchange rate. TorFX give customers a best rate guarantee on international money transfers.
  • CurrencyFair. A peer-to-peer transfer system giving you access to market rates. Send money to a German bank account for just a few euros.
  • WorldFirst. Pay a flat transfer fee for transactions under $10,000 NZD, WorldFirst can exchange NZD to EUR at close to the market rate.
  • OFX. Pay OFX by bank deposit to send money to Germany. Minimum transfer limits make this service a better option for large payments.
  • CurrencyOnline. An online money transfer company offering better rates than the banks and a range of transfer options including forward contracts and market orders.
  • CurrencySolutions. A UK based online money transfer company, CurrencySolutions also offer a best rate guarantee on your money transfer to Germany.
  • Compass Global Markets. Australian based, Compass Global Markets provide a range of FX transfer options.
  • Travelex International Payments. Travelex offer a Price Promise guaranteeing the best overall quote, Travelex also provide different transfer options like regular payments.
  • HiFX. HiFX provide NZD to EUR transfers for businesses and individuals, transactions over $10,000 are free.
  • 1st Contact Forex. 1st Contact is a UK based money transfer company with offices in Australia.
  • PayPal. Low transfer fees make PayPal worth comparing for small transfers. The recipient in Germany must also have a PayPal account to access the money.
  • Worldremit. Worldremit can send money to a German bank account in up to 3 business days. Debit and credit card payments are accepted.
  • Transferwise. Pay a flat transfer fee and get funds exchanged at the market rate.
  • PayPal. Both the sender and the receiver must have a PayPal account to send money to Germany. A low fee approach make PayPal a popular option for small payments.

International cash payment service

These companies can send a cash payment to collect in Germany in just minutes.

  • Western Union. Send cash to Germany in minutes.
  • MoneyGram. Like Western Union, MoneyGram cash collection points include major German banks as well as currency exchange offices and more.

How do I receive money from Germany in New Zealand?

Some key information for receiving an inward payment from Germany.

Bank account deposit

If you want money deposited in your bank account from overseas, you’re going to need to provide some information about yourself, such as:

  • Your name,
  • Your address,
  • Your bank’s name,
  • Your account number,
  • Your bank’s SWIFT code.

New Zealand law also requires the sender to provide:

  • Their name,
  • account number,
  • address,
  • date and country of birth.

Cash payment

If you’re going to collect a cash payment sent from Germany. Make sure you take your identification and quote the reference number or unique password, which should have been provided by the sender. If you’re collecting a large payment, you may also want to call ahead to make sure there’s enough cash on the premises.


PayPal is another popular online money transfer method, especially for smaller payments. Provide your email address or your phone number to the sender to receive a PayPal payment.

Emergency cash transfers to Germany

These options can help you get out of a tight spot.

  • International cash payment. Overseas money wire services such as Western Union can get cash to a collection agent, such as bank, in minutes.
  • Emergency cash assistance. Visa and MasterCard can issue emergency cash from your account if you lose your card or it’s stolen. An emergency cash request can take up to a day to process.
  • Travel insurance benefit. For covered events, your travel insurance provider may be able to issue an emergency cash benefit. Refer to your international travel insurance product disclosure statement to see what’s covered and what isn’t.

Cash pickup locations in Germany / Western Union / MoneyGram branches in Germany

Both Western Union and MoneyGram are partnered with major German and international banks. Western Union has more non-bank partners which operate for longer periods outside of business hours.

Western Union


  • Deutsche PostBank
    Rathausstr 5 Berlin, Berlin 10178Open Monday to Friday 9.00AM to 7.00PMOpen Saturday 9.00AM to 4.00PM+49 228 55005555
  • Spaetkauf Internet
    Greifswalderstr 204 Berlin, Berlin 10405Open Monday to Sunday 8.00AM to 6.00PM+49 305 1060732


  • Deutsche PostBank
    Sattlerstr 1 Muenchen, Bayern 80331Open Monday to Friday 9.00AM to 6.00PMOpen Saturday 9.00AM to 12.30PM+49 228 55005555
  • Barer Call Shop
    Barer Street 72 Muenchen, Bayern, 80799Open Monday to Friday 9.00AM to 11.00PMOpen Sunday 10.00AM to 11.00PM+49 892 4290250



  • DenizBank AG
    Grosse Johannisstr 19 Hamburg, 20457Open Monday to Friday 8.30AM to 5.00PM+49 800 4886600
  • Exchange AG Deutschland
    Steindamm 2 Hamburg, 20099Open Monday to Friday 09.00AM to 06.30PMOpen Saturday 09.00AM to 04.00PM+49 402 8003706


  • DenizBank AG
    Gurzenichstr 6 -16, Koeln, 50667Open Monday to Friday 8.30AM to 5.00PM+49 800 4886600
  • Black & White
    Frankfurter Street 702 Koeln, 51107Open Monday to Saturday 09.45AM to 07.15PM+49 221 2973482

What are the steps to send money to Germany?

Follow these steps to send money to Germany.

Bank transfer

To use your bank’s overseas wire transfer service, proceed to the international payments menu once you log on to internet banking. Create a new overseas beneficiary if this your first payment, you’ll need to enter the payee’s personal and bank account details to complete this step.

Money transfer company

You need to register an account with a money transfer company before you can send money to Germany. You’re required to enter the following details to register for a free account:

  • Your name,
  • Your address,
  • Your contact numbers,
  • Identification: You may be asked to send a copy of your licence or passport to verify your identity.

Once you’ve paid for a transfer, you’ll get a reference number to track the status of your transfer. If you’re sending a cash payment to Germany, you’ll need to provide the reference number to the person receiving the cash before they can collect the money.

Compare different providers to find the best way to transfer money to Germany. If you have a question about the companies and their services listed on this page, ask us a question using the form below.

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