Send a Money Transfer to Germany – Get More Euros

July 3rd, 2025
Send a Money Transfer to Germany – Get More Euros

Transparent Rates, Fast Transfers, Trusted Options

If you want to do a money transfer from the UK to Germany, the exchange rate should be one of the first things you look at. A small change in the exchange rate can make a big difference in how many Euros your recipient will get. In this article, you will read about how exchange rates work, which fees to watch for, and how to be sure you get the best value when sending your money.

What Is an Exchange Rate and Why Does It Matter?

An exchange rate is the price of one currency in terms of another. For example, if the rate is 1 GBP = 1.15 EUR, it means each British pound converts to 1.15 Euros.

Getting a better exchange rate means the person you send money to will get more of it. This is very important for some people. There are times when this can really matter.

  • Family members who get help a lot
  • Students who pay money for school or for the place where they stay
  • Small businesses that pay the people they buy from
  • Freelancers and people who work from another place

Even a small change can help you get €10 to €30 more when you send £1,000.

How Exchange Rates Are Set

There are two key types of exchange rates:

Mid-Market Rate

This is the real average of the buy and sell prices that you see in the world money market.

Retail Rate (What You Get)

This is the rate that money transfer services give you. Most of the time, they put on a fee or raise it.

Transfer Type Rate Markup
High Street Banks 2% to 4%
Online Transfer Apps 0.5% to 1.5%
Currency Brokers Varies, often lower for large transfers

What Affects the GBP to EUR Rate?

The GBP to EUR exchange rate is influenced by:

  • Inflation and interest rates in the UK and EU are very important. This is because UK and EU rules can change how things work for people and businesses.
  • Economic data and growth forecasts help us know how the UK and EU are doing. They tell if things are getting better or if things are getting worse.
  • Political stability is also important. Things like Brexit have an effect on people in the UK and the EU. When there are many changes, people feel unsure about what will happen.
  • Central bank policy is another thing to watch. The Bank of England and the European Central Bank set things like interest rates in the UK and the EU. What they do changes what happens with money for people and for companies.

To get a good rate with GBP and EUR, send money when the GBPis strong or when the EUR is weak. This can help you get more for what you give.

How to Compare Providers – Get the Best Deal

When transferring money from the UK to Germany, both fees and the exchange rate affect the final amount your recipient gets.

Provider Transfer Fee Exchange Rate Recipient Gets (on £1,000) Delivery Time
HSBC (High Street Bank) £20 1 GBP = 1.12 EUR €1,120 2–4 business days
Wise £4.78 1 GBP = 1.155 EUR €1,150.22 Same day
OFX £0 1 GBP = 1.157 EUR €1,157 1–2 business days
Currencies Direct £0 1 GBP = 1.160 EUR €1,160 Next working day

Why it matters:

Sending £1,000 through a high street bank like HSBC could cost your recipient over €40 compared to using a low-fee provider like Currencies Direct or Wise.

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Best Money Transfer Methods for Germany

Debit Card Transfer

  • You can get your order fast, sometimes on the same day.
  • You will pay less in fees than if you use a credit card to send money.
  • You can use it on your phone with apps or on websites.

Bank Transfer

  • This is good if you want to send a large amount.
  • The money will go right to a German bank account.
  • The person who will get the money must give you their bank account number, IBAN, and BIC or SWIFT code.

Mobile App Transfers

  • The service is easy to use.
  • You get to track transfers right away and see updates in real time.
  • Many of these have tools to show the exact amount your recipient will get.
  • There is support for Google Pay, Apple Pay, and there are apps for Android or iOS.

Real Example: Sending £1,000 to Germany

Provider Exchange Rate Fees Recipient Gets Delivery Time
HSBC 1.120 EUR £20 €1,120 2–4 business days
Wise 1.155 EUR £4.78 €1,150.22 Same day
OFX 1.157 EUR £0 €1,157 1–2 business days
Currencies Direct 1.160 EUR £0 €1,160 Next working day

Tip: Choosing a provider like Currencies Direct or Wise could give your recipient €30–€40 more than using a traditional bank.

How to Avoid Poor Exchange Rates

  • Compare total cost: Add up the rate and all the fees to see the total cost.
  • Use apps that give you real-time rates and show the total cost without any hidden fees.
  • Do not use credit cards, because they add extra charges for a cash advance.
  • Ask for a full list of the total cost before you send any money.

What Info Do You Need to Send Money to Germany?

You’ll need:

  • Recipient’s name
  • Bank account number and IBAN
  • SWIFT/BIC code
  • Recipient’s email address so they can get notifications
  • Your own email address and your contact details
  • Money transfer method and the payment method you want to use

Is It Safe to Transfer Money to Germany?

Yes, as long as you use:

  • The services are regulated by the FCA.
  • The platforms use HTTPS to keep data safe.
  • There is two-factor authentication, and online transactions are secure.
  • They have clear privacy policies about how personal data is handled.

Tips to Make the Most of Your Transfer

  • Try online calculators to see and compare the rates before you send money.
  • Send money early in the day. This way, it may get processed faster.
  • Keep records so you have them if you need to check later.
  • Look at the recipient’s details twice before you confirm and send everything.

Who Sends Money to Germany?

  • People in the UK who look after family costs
  • Students and UK people living in another country
  • UK workers who work from home or work on their own
  • UK businesses that pay the people or companies they get things from
  • People in the UK who want to buy a home or a car

Who Sends Money to Germany

Correct as of 05 June 2025

FAQs – About Money Transfers to Germany

What’s the best way to get a good exchange rate?

Compare providers. You can use online apps to check different choices. Do not use banks if they have bad rates for this.

How long does a transfer to Germany take?

It can take from right away to three work days. This will depend on how you use it.

Can I send money without a bank account?

Yes, via debit card or digital wallet apps.

Are there limits on how much I can send?

Yes, most providers do have limits on transfers. You should check this at the time you sign up.

Will the recipient pay fees?

Usually, when you do a bank transfer for personal reasons, you do not have to pay a fee. But some banks might ask you to pay when you get money from another country.

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