Looking to carry out an international money transfer to Germany from UK? Getting professional advice from a currency transfer broker could mean the difference in you gaining a higher currency exchange rate when purchasing Euro's. Even sending regular payments to Germany you now have the facility to book your exchange rate in advance which could secure you a better rate of exchange and reduce the risk of currency fluctuations.
Obtaining the best exchange rate when purchasing a property in Germany or simply making an international money transfer to Germany could mean the difference of you securing a 3% better foreign exchange rate than your bank.
Currency in Germany:
Germany currency is the Euro. The Euro (EUR; symbol €) = 100 cents.
Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5.
Coins are in denominations of €2, 1 and 50, 20, 10, 5, 2 and 1 cents.
Transfer Money To Germany
Currencies usually accepted when transferring money to Germany is the Euro.
Typical time for transfer to arrive: Either same day (Swift Payment) or 2 days (SEPA Payment) when sent through a money transfer provider.
German bank charges: Usually none, although use a SEPA payment to make sure
Payment details needed to Pay in to German Account:
Name of Beneficiary (and address if you have it)
Name of German Bank (and address if you have it)
IBAN (International Bank Account Number)
BIC (Bank Identifier Code) or SWIFT code
The IBAN includes various codes, like your branch and account numbers, and is the standard system for sending Euro payments across Europe. German IBANs have 22 characters, starting with 'DE' followed by 20 characters, and can usually be found on your bank statement or other paperwork, along with your BIC or SWIFT code.
There are further techical details below, although the money transfer payments team will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.
German IBAN Format: DEkk BBBB BBBB CCCC CCCC CC
B = Sort Code (Bankleitzahl/BLZ)
C = Account No.
k = Check Digits
German BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD
B = Bank Code (Only Letters)
C = Country Code 'DE' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)
Avoiding high street banks will improve your exchange rate to Germany and banks often charge additional service charges. One of the main issues with using a bank is that you need to have a bank account with them and in most cases bank counter staff are inexperienced when it comes to giving you advice when sending money to Germany.
With the foreign exchange companies listed on our site you will get a dedicated account manager to best advice you when doing money transfer giving you crucial market information before you make a decision in timing. Using our website you can see alternatives to banks with a cheaper money transfer to Germany from UK or sending money to Germany from USA.
Plus all the money transfer companies listed on this site are regulated by the UK Financial Services Authority (FSA) and have been carefully vetted by Money Transfer to Germany.
Expats in Germany
Boasting an enormous and powerful economy, international business hubs and a notably high quality of life, Germany is a sought-after expat destination. A large expat community adds to centuries of German history and culture, making this destination both uniquely German and familiar to expats from around the globe. Expats in Germany can enjoy unusually good schools and well-run and efficient infrastructure, public transportation and healthcare.
Often one of the largest hurdles in moving to Germany is the stringent immigration regulations which have tightened recently in order to protect German jobs.
Yet many industries are in dire need of skilled employees and the government actively courts qualified workers from around the world as Germany emerges as a technology and science hub. Many other industries with household names and international offices have headquarters in Germany .
Some expats can find German life a bit rigid and may prefer a more relaxed, sun-filled lifestyle. Yet the developed country is constantly evolving and trying to redefine itself both culturally and historically. German expats are often on the forefront of this dialogue in both new industry and as immigrants.
The process of moving to Germany is very official. Make sure you have at least 10 copies of your passport made for all of the different submissions. It is much easier for EU citizens to move to Germany than applicants from elsewhere.
