FAQ About Sending Money to Germany

• What's the cheapest way to send money to Germany?

  The cheapest way to send money to Germany is through an online provider. Among the 60 available, Wise was most often the cheapest provider (in 21.5% of the searches on Monito.com in the past 3 months).

• How much does it cost to send money to Germany?

  If you send money with the cheapest available provider, the total cost of a transfer to EUR was 1.4% of the transfer amount (including all fees and exchange rates) over the past month. Of course, this figure will vary based on the sending country, the pay-in and pay-out options

  In contrast, the cost of the most expensive option was 10.3% on average.

• What is the cost of making an international transfer to Germany using my bank?

  The average total cost (including hidden exchange rate markups) of making a transfer to Germany with banks compared by Monito.com during the past months was 7.0% of the transfer amount. This is 5.2x more expensive than sending money with the cheapest online provider alternative.

• Is PayPal a good option for sending money to Germany?

  It’s possible to send money to Germany with PayPal, but it’s expensive. The average cost of transfers to Germany with PayPal is 5.2%, whereas the cheapest online services have an average cost of 1.4% of the amount you send.

• Is Western Union good for sending money to Germany?

  Western Union is a popular provider with the biggest agent location network. The average cost of online money transfers to Germany with Western Union* is 0.1% of the amount you send, whereas the cheapest online services have an average cost of 1.4%. Remitly is the provider that is most often the cheapest for money transfers to a cash pick-up location in Germany.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest cash pick-up provider in Germany?

  Over the past three months, the provider that was most often the cheapest for cash pick-up transfers in Germany was Remitly, with an average cost of 1.4% of the amount you send (which includes fees and exchange rate margins).
  
  The average total cost to send to a bank account rather than a pick-up location during the same period was 1.4%. Wise was the provider most often the cheapest for transfers to bank accounts in Germany.

• What is the fastest option to send money to Germany?

  The provider that was most often the fastest on Monito's comparisons over the last three3 months was Wise (average fastest transfer time: Same day)