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A money transfer company will offer lower fees and more competitive exchange rates than most banks — but which provider is best for you depends on how much you're sending and how fast you need it to arrive.
In this guide, we'll give you tips on the best way to send money to Germany and help you decide how to send.
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| Money transfer company | Bank transfer service | |
|---|---|---|
| Exchange rate | 1 AUD is equal to 0.66 Euro | 1 AUD is equal to 0.67 Euro |
| Fee for transfer | $60 AUD | $20 AUD |
| Amount received in Euro (EUR) | 657.10 | 665.30 |
| Transfer time | Ten minutes | Two to five business days |
| Transfer options | Cash pick up | Bank deposit |
| Difference | +8.20 EUR |
In both fees and the exchange rate, Jennifer saves by using the bank opposed to a transfer company. Since she is making regular monthly payments and will not need to send money quickly, the bank option is her better choice.
Important items to note when doing your comparisons are:
The Euro is a world recognised currency, making it relatively easy to find a service provider that will allow you to send money to Germany from Australia. Below is a partial list of the companies you can consider when comparing your money transfer options:
If you are visiting Germany and lose your wallet, there are few choices you have to get cash sent to you:
Below you will find listed a number of Western Union and MoneyGram locations that can be used for a cash pick up in Germany. Before leaving to pick up money, make sure that you have the special reference number and your photo identification.
Deutsche PostBank AG Torstr 105 107 Berlin, Berlin 10119 +49-22855003737 Open Monday through Friday 9am to 7pm. Saturday 9am to 1pm.
Bahnhof Friedrichstrasse 141 142 Berlin, Berlin 10117 +49-3020455096 Open Monday through Friday 7:30am to 8pm. Saturday and Sunday 8am to 8pm.
Deutsche PostBank AG Hamburg, Hamburg 20457 +49-22855003737 Open Monday through Friday 9am to 6:30pm. Saturday 10am to 1pm.
Moenckebergstr 7 Hamburg, 20095 +49-4032526403 Open Monday through Friday 9am to 7pm. Saturday 9am to 6pm.
Eurochange AG Alexanderplatz IM S-BHF Berlin, 10178 302415097 Open Monday through Saturday 8am to 8pm
Friedrichstraße, 56 Berlin, 10117 8004886600 OPen Saturday through Wednesday 8:30am to 5pm. Thursday 8:30am to 5:30pm. Friday 8:30am to 4:30pm.
Reisebuero Clip – Hamburg Willy – Brandt- Str 30 Hamburg, 20457 Phone. 4072005050 Hours. Monday through Friday 9:30am to 6pm. Saturday 10am to 2pm.
Bremer Reihe 26 Hamburg, 20099 Phone. 16093331958 Hours. Monday through Friday 10am to 8pm. Saturday 10am to 7pm.
The Department of Foreign Affairs and Trade (DFAT) advises that Australian travellers to Germany should exercise normal safety precautions. When picking up cash at an agency however, you should ensure that you have a reliable mode of transportation and someone to go with you. You should also make sure to go back to your hotel after completing the transaction to secure any excess cash in a room safe.
Back to topIf you decide that an online account to send money from Australia to Germany is the best option for you, it will first need to be established. To open the account you may need to supply your:
Once your account is established the process of sending money to Germany will be made easier as you will only need to verify your details and input the beneficiary’s information. This information may also be stored, a useful option if you are sending money to the same person consistently. German businesses, students and expats who are spending time or conducting business in Australia may all find reason to send money to Germany from Australia. With the number of options available, research thoroughly and compare the various rates, fees and features to find the service that gives you the most value for your money.
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Purchasing a property in France. we are in the proceeds of opening a Neo-Bank acct. Will require to send a large sum of money and we are considering the money transfer companies. ‘world first’ looks like our favoured company based on the completed transfer. Should we be considering another compay or anything else? Regards Tamara
Hi Tamara,
Thanks for your message. While we provide information about money transfer providers for Germany, kindly note that we are not in the position to recommend one product and deem it be best since choosing a service provider depends on a customer’s requirements. To help you choose the best one for you, let the information above guide you on that by going to part of the page that says “How to compare transfer companies.”
When sending money – it’s important to check the exchange rate beforehand to maximize the funds to be exchanged. You can refer to this page as it provides tips on finding the best exchange rate. Also, read through the transfer process of the provider such as transfer fees, transfer options and transfer speed to set expectations for the receiver. Take note of any reference or tracking numbers should any transaction delays come up during the transit. Hope this helps and feel free to reach back out for further assistance.
With care,
Nikki