How to send money to Germany the cheapest & fastest way
How we help you transfer money to Germany from USA at the best rate:
- Hidden costs exposed by comparing the money transfer services USD-EUR conversion rate to the mid-market exchange rate
- Real-time total costs including all fees and the exchange rate markup
- Full transparency, comparing 12 money transfer providers such as Wise, RIA, Remitly, Western Union and WorldRemit
Our comparison engine found 3 online money transfer services available to send money to Germany from USA. The list is sorted by total transaction costs including the hidden USD-EUR exchange rate fees, starting with the cheapest money transfer services at the top:
Researching money transfer services and reviewing the best rate for sending money to Germany can be time-consuming. Besides the total transfer fee, our list above shows you the different payment delivery options for each money transfer service.
Some factors to consider while evaluating the best way to send money to Germany from USA are transfer fees, exchange rates, the speed of transfer and convenience. The cost of transferring money depends on the country in which you want the money sent as well as the way the payment is received (e.g. bank transfer, cash pickup, app). Also whether you want to pay for your transfer via bank deposit, debit card or in cash at a money transfer operator will affect your remittance to Germany.
Best rate - The cheapest way to send money to Germany
The overall cheapest money transfer service is Stanford Federal Credit Union with 'Bank' as the receiving payment method. In this case, the total transaction costs are $ 4.14, whereas the service fee is $ 2.15 and the USD-EUR exchange rate is 0.8534.
In comparison, you would pay a total cost of $ 25.27 to transfer money to Germany if you selected to use RiaMoneyTransfer for the very same international money transfer. Two other options for sending money to Germany are worth considering: RiaMoneyTransfer and .
Wire transfer - Send money to a Germany bank account
Bank deposits: To make a wire transfer online and transfer your USD to a Germany bank account in EUR, the most competitive option is currently Stanford Federal Credit Union. With $ 2.15 transfer fees for the bank transfer and a competitive USD-EUR currency exchange rate (currently at 1 USD = 0.8534 EUR), it's the cheapest way to send money to a Germany bank account.
When doing a wire transfer from USA to Germany, it typically takes longer for the funds to arrive in the recipient's bank account compared to other money transfer methods such as cash delivery. International bank transfers do carry some risks and you need to make sure the bank details and payment details are correct or else the sent amount may end up in the wrong bank account.
Do you prefer a cash delivery method for the beneficiary to receive money at his preferred cash pick-up location in Germany? We list several money transfer service providers able to send EUR for cash pickup in Germany:
RiaMoneyTransfer is currently the most competitive provider with a low transfer fee of $ 5 and a competitive USD-EUR exchange rate of 1 USD = 0.844 EUR. This results in a total transaction fee of $ 10.27 to send money to Germany resp. a local a cash pick-up branch there.
Since most payout locations operate 24/7, this kind of international money transfer is almost instant. Even more so when you pay with a credit card or a debit card. With a valid photo ID and the transaction reference number, the recipient can pick up the cash at a payout location of RiaMoneyTransfer local partner network within minutes after the money has been transferred.
Remittance to Germany
Have you ever wondered, why some of the best money transfer providers such as Remitly and WorldRemit have the term 'remit' in their name? This is derived from the word 'remittance' which is a payment of money that is transferred to another party. Theoretically, any payment of a bill could be a remittance. However, nowadays the word is mainly used to describe the process of money being sent to a family back home by someone working abroad. The recommended way to remit money to Germany is by using the money transfer provider Stanford Federal Credit Union. At the time of writing, they boast the most competitive exchange rates to send money online to Germany.
This recommendation was updated 29 days ago.