Home / Best money transfer to Germany • Cost, duration, comparison

Best money transfer to Germany • Cost, duration, comparison

Best money transfer service to GermanyIf you have ever tried sending internationally you know how it can sometimes to difficult. This difficulty is always due to lack of enough knowledge on how to make this international money transfers.

If you want to transfer money to Germany you have to know existing money transfer providers that can help you initiate the transfer in favor of your beneficiary who is in Germany.

The recent developments in money transfer have given us online money transfer agencies which are much cheaper than the traditional banks that we were used to.

Therefore, choosing a reputable money transfer agency will help you transfer money to any of your beneficiary in Germany with a lot of ease than it in the recent past where you had to walk to a bank to initiate the transfers which will again take several days for your beneficiary to receive the funds.

Best Money Transfer Services to Germany




First Transfer Free!

  • Wise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.

TransferGo Reviews


Send money very fast!

  • Save up to 90% compared to banks. No hidden costs. Large selection of countries.



Five Transfers Free!

  • A world-class customer service, very good exchange rates and permanently favorable transfers abroad and to Germany convince. Only downside is the small selection of countries.
[compare_form lang=”en”]

How can I send money to Germany

With the emergence of several authentic third-party money transfer companies sending money to Germany and a good number of the countries in the world has become easy than it was before.

The most amazing thing with this third-party money transfer providers is that they offer competitive exchange rates and they have low transaction costs while others do not charge any fee for your money transfers to Germany.

Some of the reputable and authentic money transfer providers that will help you with your money transfer to Germany are; Wise, InstaRem, WorldRemit, TransferFast, Xoom, MoneyGram and foreign exchange companies such OFX, CurrenciesDirect and xe.

Bank transfer to Germany is expensive

International bank to bank transfers are usually very expensive and Germany is not an exception when it comes to these high bank transfer costs. Banks offer poor exchange rates since this one profitable technique the banks uses to boost their revenues, further, they charge extra transfer costs which are also generally high as compared to the rates most third-party money transfer companies offer.

The combination of money lost due to poor and uncompetitive exchange rates offered by the banks, their high transfer cost and some of their additional costs such withdrawal costs make a bank transfer to Germany very expensive. Hence bank transfer is not a better option if you want to make an international money transfer to Germany.

Money transfer provider

There is a good number of reliable money transfer companies that are available in most countries of the world that can help users transfer money to Germany conveniently. Some of highly recommended money transfer companies that you can use for your money transfer to Germany are;

  • InstaRem
  • Wise
  • WorldRemit
  • TransFast
  • Xoom
  • MoneyGram
  • OFX
  • CurrenciesDirect
  • xe

How much does it cost to transfer money to Germany

To avoid any inconvenience and disappointments it is wise to know how much it will cost you to make a money transfer from your country to Germany. Generally, the transfer cost is not uniform for these money transfer agencies.

Each money transfer provider has unique pricing, while other money transfer companies do not charge you any transfer fee for any money transfer to Germany.
Below is an overview of what each of the following companies is likely to charge you.

  • InstaRem
  • Wise
  • WorldRemit
  • TransFast
  • Xoom
  • MoneyGram


With InstaRem for your first money transfer to Germany, they will offer you a 10% discount off the transfer fee by using the code (MONIUS10).
For every transfer to Germany InstaRem will charge approximately 2.50 USD.


This company will charge you roughly 8.30 USD forever money transfer made to Germany.


For your first three money transfers to Germany using this company will be free by using the promotion code (3Free). After the first three free money transfers, you will be paying 3.99 USD for every money transfer initiated to Germany.


This company will charge you approximately 4.99 USD for every money transfer to Germany.


Depending on whether the beneficiary will receive the cash from the German bank account or he/she will pick the cash from Xoom cash pick-up at an agent location you will be charged differently. For the bank transfer option, you will be charged a transfer fee of approximately 4.99 USD while for cash pick-up at a location you will be charged roughly 15.39 USD.


For a transfer to a German bank account in favor your beneficiary you will be charged 20.00 USD. For cash pick-up, at an agent location within Germany you will charge approximately 51.39.
For OFX, XE, and CurenciesDirect you will always send money for free when sending money to Germany.


Duration of a money transfer to Germany

The period it will take for the transferred money to be available to your beneficiary in Germany will depend on money transfer used and method of payment used. This is how long it will take for your money transfer to be received by your beneficiary in Germany.

  • InstaRem

It will take two days.

  • Wise

When using debit and credit it will take around 24 hours. When using bank transfer it will take 2 days. When using direct bank payment it will take 3-5 days.

  • WordRemit

Within 24 hours.

  • Transfast

The beneficiary will receive the fund within the same day.

  • Xoom

Within minutes if the beneficiary uses cash pick-up at an agent location within Germany or two days for the other payment options.

  • MoneyGram

Within minutes if the beneficiary uses cash pick-up at an agent location within Germany or two days for the other payment options. OFX within 2 days, CurenciesDirect within 24 hours and xe within 3-5 Days.

Conclusion on the money transfer to Germany comparison

The third-parties money transfer companies have made money transfer to Germany simple and easy than ever before. You can also send a huge amount of money to Germany using foreign exchange companies like OFX, XE, and CurenciesDirect.