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Best ways to send money abroad from Germany

When considering the process of sending money from Germany to another country, it is important to choose a reliable and trustworthy money transfer company. These companies offer competitive exchange rates, and low transfer fees, and ensure that your funds are transferred quickly and securely. They are equipped with the latest technology and advanced security measures to protect your financial information and ensure a smooth and stress-free transfer process. With so many options available, it is important to research and compares the services and fees offered by various money transfer companies to find the best solution for your needs.

Best ways to send money abroad from Germany:

If you are working/studying in Germany and want to send money to your loved ones then the following are the best ways to send money abroad from Germany.

Ria Money Transfer:

Ria is a popular money transfer company that allows people to send money from Germany to other countries around the world such as Pakistan, India, Bangladesh, etc. It offers competitive exchange rates and low transfer fees, making it a cost-effective option for individuals and businesses alike. Ria allows for transfers to be made online or in person through its network of agents, offering flexibility for customers. Additionally, Ria offers the option for recipients to receive the funds in the form of a bank deposit, cash pickup, or mobile wallet, depending on their preferences and the country they are in.

Features of Ria money transfer:

  • Affordable: Take advantage of Ria’s competitive exchange rates and low transfer fees.
  • Flexible: Choose from multiple options to send and receive money, including cash pick-up, bank account transfers, and mobile money/wallet transfers.
  • Easy to use: Ria’s online platform and mobile app make it easy to send money from the comfort of your home or on the go.
  • Convenient: With over 507,000 locations worldwide, you can find a Ria location near you for easy and convenient transfers.
  • Helpline: Ria provides various ways for customer services in almost all serving countries.

ACE Money Transfer:

ACE Money Transfer is also one of the best companies to use for money transfers. It is a quick, convenient, and affordable way to send money from Germany (or any EU country) to non-EU countries. It is also very popular among Pakistani, Indian, and Bangladeshi students and ex-pats.

Features of ACE Money Transfer:

  • ACE Money Transfer is good because it offers money transfer services for more than 100 countries.
  • They have offices in the UK (United Kingdom), Europe (in almost all major countries of Europe), Australia, Pakistan, India, and Bangladesh. So, it’s easy for customers to get fast customer service from ACE Money Transfer.
  • It also has low transfer fees and money reaches on destination very fast.
  • They offer different online methods to pay money.
  • Recipients can receive money directly in their bank accounts, get money in cash from local banks, or get it in their wallets.
  • They also offer a mobile app that you can use for money transfers on the go.


Remitly is another money transfer company that offers services from Germany to various countries worldwide. It aims to simplify the process of sending money abroad and offers competitive exchange rates and transparent fees. Remitly offers transfer options through its mobile app or website, allowing customers to send money quickly and easily. Additionally, it provides a range of services, including instant money transfers, scheduled transfers, and transfers to mobile wallets, allowing customers to choose the best option for their needs. Overall, Remitly is a reliable and user-friendly option for those looking to send money from Germany to other countries.

Wise [TransferWise]:

Wise ( TransferWise is now called Wise) is also a good and fast way to transfer money abroad especially if you want to transfer money to currencies other than the EURO.

It is a fast, convenient, and cheapest way to transfer money to non-EU countries. That is the reason it is very popular among foreigners working and studying in Germany. By using TransferWise, you can send money to the USA, UK, Australia, Russia, Syria, IndiaPakistan, China, and all other countries of the world.

Features of Wise Money Transfer:

  • It’s cheaper because of the lowest transfer fees.
  • It’s fast and transfers money in hours.
  • It always provides a very good exchange rate.
  • It’s trusted and safe.
  • It’s simple and easy to use. You can transfer money with the Wise mobile app or with a PC. You don’t need to go to any outlet to do a transfer. You can use bank transfer, Sofort banking, debit, or credit card to transfer money with Wise.

How to send money with Wise?

Follow these steps to complete your transfer.

  • Choose a specific amount that you want to transfer.
  • Select the currencies. e.g EUR to USD
  • Choose the transfer type. Easy transfer or Fast transfer.
  • Add the recipient’s bank details. You just need the recipient’s name and IBAN for this transfer.
  • Pay for your transfer with a direct bank transfer, Sofort, debit, or credit card.
  • That’s it. The recipient will receive the money within a few hours or at least the same day.

Western Union:

The third most popular way to send money abroad from Germany is Western Union because it is also a very convenient and reliable way to send money. You can send money to Western Union anywhere in the world. People mostly use Western Union to send remittances to their home countries.

Western Union gives a good currency exchange rate but their transfer fees are higher than TransferWise. Western Union has 525,000 agent locations worldwide where the recipient can directly pick up the money. The recipient can also receive the money in a bank account.

If you want to transfer with WU mobile app or PC then you can pay for your transfer with a bank account, Sofort banking, or credit, or debit card. If you don’t want to use these methods then transfer the money with Western Union agents. You can easily find Western Union agents in your city. The recipient can receive the money instantly from Western Union agents but receiving money in the bank account take some time.


InstaReM is the 4th most popular way to send money abroad from Germany. It is very popular among students from different countries, especially India, Malaysia, and Pakistan. That’s why it is also highly recommended.

InstaReM is not as big as other money transfer companies but their service is very reliable and fast. InstaReM always provides a very good currency exchange rate with very low transfer fees. The recipient can receive money in a bank account. You can pay for your transfer with Electronic Funds Transfer (EFT)/Bank Transfers/Wire Transfers in all countries. You can also pay for your transfer through Debit Card (in the EU), POLi (in Australia), FPX (in Malaysia), and Bank Transfer or ACH Pull method (in the USA).

InstaReM is focusing on niche markets and provides money transfer services only for specific countries. These specific countries are Bangladesh, China, Hong Kong, India, Indonesia, Malaysia, Nepal, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Vietnam, Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherland, Portugal, Spain, UK, Australia, USA, Canada, and Mexico.

Features of InstaReM:

  • It provides a very good currency exchange rate.
  • It charges a nominal fee.
  • It’s easy to use.
  • It provides loyalty points that you can redeem against your transactions.
  • It’s small so it focuses more on the quality of service.


MoneyGram is the fourth most popular way to send money abroad. It is very convenient, fast, and reliable but more expensive than Western Union and TransferWise.

MoneyGram offers a money transfer facility on an online platform, with a mobile app, and with the help of nearly 350,000 global agent locations. You can send and receive money with MoneyGram in any place in the world. Normally, people use MoneyGram to send remittances to their home countries.

Transfer of money within Germany and Euro countries:

Bank transfer:

A bank transfer is an electronic transfer of funds from one bank account to another. It is one of the most well-known ways of transferring money within Germany and Euro countries. It works with an international bank account number or (IBAN).

The European Union has simplified the bank transfers within the EU and EEA region and declared this whole area a Single Euro Payments Area (SEPA). That’s why bank transfers within Germany, the EU, and EEA are free of charge.


PayPal is an online payment system in Germany that also allows money transfers. It is very popular among youngsters, especially foreign students. It is also the best alternative to a Credit Card.

Paypal is very easy to open and you can use it with a credit card or bank account. PayPal directly deducts the money from your account or credit card after the payment or money transfer.

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