Need to transfer money to Germany? Are you considering a wire to transfer the money to Germany? Before you walk into your bank to do it, be sure to check out the wire transfer fees. It might come as a shock as to how much the costs will be and depending on the transfer amount, it might be better to have a look at the alternatives to forward the money another way.
What can make it worse is in addition to your financial institution charging a fee for sending the funds to a place in Germany, the person getting the transfer of funds will probably be charged a fee at their end. One way to reduce the possibility of the charge is to send the international wire transfer in their designated currency.
To make a bank wire transfer to Germany, you may require a SWIFT code. These are unique codes for each bank and based on references including the country and individual bank.
Bank wire details for Germany
- Country – Germany
- SWIFT Country Code – DE
- Central Bank Name – Deutsche Bundesbank
- Currency – Euro
- Currency Code – EUR