Best Ways to Send Money to Germany
Of all the ways to get money to Germany, most options seem inconvenient due to either high cost or an inability to conduct business in a timely manner.
The safest way to send money remains through a bank, which through various regulations offers protection to both people in the transaction. However, both persons are required to have accounts at their respective bank, and even then, the service is not cheap. It costs $45.00 per transfer, regardless of the amount of the transaction.
A second option costs about the same as bank-to-bank transfers and seems just as speedy. If you choose location transferring when wiring funds to Germany, the sender chooses one of the business’ locations, then pays a fee based on the amount being sent and most often another fee to convert the money. For the recipient to get the money, they must go to the location nearest them, present identification – and most often a secret code – and finally collect the money.
If the sender has more time, they also have more options. Yet another way to transfer funds is to have the sender create a new account in the country they’re exporting the money from, request two debit cards, then mail one of them to the recipient. The person receiving the money can then go to the bank or an ATM to withdraw the funds. This form works well if you’re doing business with a trusted friend but if you do not know the recipient, this is obviously not the greatest method.
If you don’t care about transferring the money in a timely fashion, but you do worry about saving some money, you can buy a money order at a low fee, then just pop it in a stamped envelope and drop it in the mail. Although it might take a few weeks, all the recipient must to do is cash it or deposit it into their account.
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