Find the Best Way to Send Money to Germany

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Some of the best money transfer services to send money to Germany

Transfer Money from Australia to Germany
  1. TransferWise is one of the most popular online money transfer companies that is very easy to use
  2. TorFX are good, fee free option for larger amounts
  3. OFX are an Australian owned and run business with an easy to use online site
  4. WorldRemit is one of the cheapest ways to send money and is great for international payments to family and friends
  5. InstaRem has some of the best exchange rates with low fees
  6. WorldFirst have a range of business products and services
  7. SendFX are a newer money transfer service based in Queensland with good rates and no fees
  8. XE Money Transfers are one of the largest and most reputable money transfer companies in the world
  9. Currencies Direct offer an easy to use online platform, fee free

In this guide

With too many money transfer companies to choose from, transferring money to Germany can be overwhelming. Where do you start? Which company is safe? Fortunately, we break it down for you. In this guide, we help you find the very best way to send different amounts of money to Germany from Australia.

We also show you:

Need to send money to Australia from Germany instead? Learn more here.

Want to find the best time to buy?

Never miss a great rate again! Choose to track the rate daily or set an alert for the rate you want and we'll let you know when to transfer.

How to transfer money from Australia to Germany

How can I transfer money from Australia to Germany?

While each bank and money transfer service is different, you will always need to follow these steps to transfer your money safely and quickly:

  1. Setting up an account usually takes 10 minutes and make sure you have some I.D. on hand
  2. Enter the bank details of the person or company you are sending the money to
  3. Pay for your transfer using a card or bank transfer

Now that you know how to transfer money to Germany, you can compare your options.

We understand, this isn't easy. Every bank and money transfer company offer different exchange rates and transfer fees depending on how much you want to send.

That's why using our table compares the total cost of the transfer, based off the amount of your transfer.

What information do you need to transfer money to Germany?

  • Your personal information: Your full name, address, date of birth and valid I.D.

    For security reasons money transfer service's need your photo id scanned or photographed using your phone. It also needs to be high quality. Also note, you can't give your work/office address or PO box address

  • German bank account details: The full name on the account, banks name and branch address. You also need the IBAN, which in Germany is 22 alphanumeric characters long in this format: DEKK BBBB SSSS SSCC CCCC CC
    The first two digits are the country code ("DE" for Germany), followed by two check digits and the national account number BBAN (basic bank account number). This is the 8-digit German bank sort code (the BLZ or Bankleitzahl) together with a 10-digit bank account number.
    You can usually get these details by logging into your online banking or checking the bank statement.
  • How you wish to pay: Your bank details, account numbers and address or debit/credit card details to pay for your transfer.
What information will I need to transfer money from Australia to Germany?

Is there any other information I need to know?

Yes. All transfers over €12,500 (and some below this amount) to Germany needs to be reported by a German citizen to the Deutsche Bundesbank who are responsible for collecting statistics on foreign trade.

Further information regarding the reporting procedure can be found in full on Bundesbank's website.

How much will it cost to make my international money transfer?

There are 3 fees you'll usually be charged to send money to Germany:

  • Exchange rates - The better the exchange rate, the more Euro (EUR) you get in the bank account in Germany. Money transfer services that offer better exchange rates will usually charge you a separate transfer fee.
  • Transfer fees - These can range anywhere between $0 to $5. Some online transfer companies offer fee-free transfers for sending large amounts of money. These companies usually charge a slightly worse margin on their exchange rate, but are still better than bank fees.
  • Hidden fees - You or the person you're sending money too will often get charged a bank receiving fee or banks intermediary fee of approximately $25 each.
How much will it cost to transfer money from Australia to Germany?

How long does it take to transfer money overseas?

Money Transfer Services can take 0 - 3 business days

When using a money transfer service like TransferWise, they tend to quote transfer time in hours not days. Unlike banks, they keep you updated on the movement of your funds.

Remittance Companies can take 0 - 5 business days

An instant transfer is available with remittance companies if you pay a higher transfer fee and the person can organise a cash pick-up. You can send money using a bank transfer and it can take up to 5 business days.

Bank to Bank Transfer can take 2 - 5 business days

Also known as a 'wire' or 'telegraphic transfer'. These transfers are slow, because the money may go through a network of correspondent banks before landing into their local bank account.

How long does it take to transfer money from Australia to Germany?

How can I send small regular amounts to Germany?

Best way to send small amounts of money to Germany?

If you have family in Germany then you might need to frequently send them small amounts for birthday gifts, Christmas gifts or the be part of a family surprise gift. Two great options are Revolut and TransferWise.


Sending money to Germany is very quick on your mobile, very small transfer fees and close to mid market exchange rates.


With TransferWise sending very small amounts is affordable and fast. For example, you might send 7 lots of A$30 over 12 months to family in Germany. The cheapest bank transfer would cost you roughly A$65 in total transfer fees. It'll only cost you A$8 with TransferWise.

How do I send cash to Germany?

You can send cash to Germany from Australia with remittance companies like PayPal or Western Union. Typically these companies offer a service to instantly send cash to Germany, which can be very handy in emergencies, however the exchange rate for sending cash is very poor.


To send 100 euros it will cost A$5 if you pay using a bank transfer. If you pay with credit or debit card it will cost you A$7.60 Australian dollars plus 0.35 euros.

For the person overseas to access the money you sent them, they need to sign up or sign in to their PayPal account.

Western Union

To send A$500 in cash instantly it will cost A$9 with a credit card and A$7 with a bank transfer.


Can I send money with Paypal to Germany?

How do I send large amounts to Germany?

Transferring large amounts of money cross borders can be very scary, but not with TorFX or OFX. These two companies have built solid reputations for transferring large amounts over the years for emigration, retirement, inheritances and buying or selling property overseas. They are a trusted options when sending large amounts from Australia to Germany.


TorFX offer a dedicated account manager who is available to contact on the phone. TorFX understand that clients who move large sums of money want to speak with someone directly about their money transfer. They don't charge transfer fees and they add a small mark up on the exchange rate.

Can I send money a medium amount to Germany?


OFX specialise in sending large sums of money to Germany from Australia and charge no transfer fees for transfers over A$10,000. Transfers under A$10,000 attract a A$15 fee. They offer a quick online registration and 24/7 customer support.

What are the limits and tax implications on online money transfers to Germany?

What are the money limits and tax implications of making a money transfer from Australia to Germany?

Maximum limits

There are no limits on the amount of money you can transfer to a German bank account. Your money transfer service or bank might have a restriction, however sometimes these are as high as $2 billion per transfer. Some money transfer services do not have limits.


Gift or inheritance tax

Germany taxes all gifts, if either the donor or donee is a German resident at the time. However, the German Inheritance and Gift Tax Act provides for significant exemptions including 'Appropriate Occasional Gifts' and 'Personal Tax-free Exemptions' which can be up to €500,000 if it is your partner who is receiving the money transfer.

If you transfer more than tax free threshold, the amount of tax paid by the German resident is dependent on the relationship with the person who sent the money and the amount over the threshold received. You are required to report your money transfer to your local tax office within 3 months.

As German law for gifts and inheritance is complicated it is best to contact a tax professional for further advice.

How can I transfer money to Germany with the big 4 banks in Australia?

While we have covered the benefits of using a money transfer provider, many people have bank accounts with NAB, CBA, Westpac and ANZ and these guides show you:

  • How to transfer money overseas with Commonwealth Bank
  • How to transfer money overseas with NAB
  • How to transfer money overseas with Westpac
  • How to transfer money overseas with ANZ
How can I transfer money to Germany with the big 4 banks in Australia?

Keeping your money safe

Transfer Money to Germany Online Safely

One of the main questions people ask us is “will my money be safe online?" The answer is yes.

We've made sure that all the money transfer services and banks you compare are safe. Each company is :

  • Is regulated in Australia - AUSTRAC in Australia
  • Holds an appropriate financial services license - with ASIC in Australia
  • Have strict privacy and verification policies - this is to ensure they fully identify all of their customers. They invest in identity protection, fraud prevention and encryption to create a secure connection with your browser when you register and login into their online services.

FAQs for sending money from Australia to Germany

How can I pay for my money transfer to Germany?

Depending on your provider, there are several different ways to pay. Many providers accept direct bank transfers, wire transfers, or debit cards or credit card payments. They may charge a small additional fee, depending on how you decide to pay.

Is it safe to use The Currency Shop to compare?

Yes. The Currency Shop holds an Australian Financial Services Licence (ASIC) (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.

How does The Currency Shop make money?

The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.

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Need a hand? Call to speak to a human 1800 004 930 or send us an email.

By Justin Rampono Updated March 5th, 2021