Send money to Germany
InstaReM
Rate 0.8873 · Fee free
You send
$1,000
Estimated receipt
€887
€41 more than the lowest estimate · 0.14% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: InstaReM ranks first of 20 for 1,000 USD → EUR: 887.25 EUR estimated. 40.94 EUR separates first from last.
Latest pricing observation: . Quotes are kept per USD→EUR pair, not per country, so check is served before you commit. Methodology.
What is the cheapest way to send USD to EUR?
Sending $1,000 to Germany, ranked by estimated payout.
Source: our collected quotes
0.8810
Free
€881.03
Send
0.8801
$0.99
€879.27
Send
Effectively tied · rated 4.4
0.8777
Free
€877.65
Send
0.8714
$2.49
€869.26
Send
0.8619
Free
€861.93
Send
Chase (US)
1-3 business days
€858.19
recipient gets
0.8569
Free
€856.86
Send
0.8689
$15.00
€855.91
Send
Estimated payout difference: €40.94 between first and last on $1,000.
Germany is Europe's largest economy and one of the top destinations for money transfers from Turkish, Polish, Russian, and broader global diaspora communities. German IBAN (DE format, 22 characters) is one of the most commonly used in the world. SEPA Instant Credit Transfer enables EUR transfers to German bank accounts in under 10 seconds — faster than most countries globally.
- German IBANs are 22 characters: DE + 2 check digits + 8-digit BLZ (bank sort code) + 10-digit account number. Sparkasse, Deutsche Bank, Commerzbank, and DZ Bank use the standard DE IBAN format.
- SEPA Instant is widely supported by German banks — Deutsche Bank, Commerzbank, all Sparkasse branches, and most Volksbanken/Raiffeisenbanken offer instant EUR credit within seconds.
- N26, a German digital bank, is popular among younger residents and expats. It has IBAN, supports SEPA Instant, and is widely used by those who receive international transfers regularly.
- The Bundesbank (Deutsche Bundesbank) and BaFin (Federal Financial Supervisory Authority) regulate all financial services in Germany.
- Germany has a large Turkish diaspora — approximately 3 million people — making it one of the largest source countries for Turkish remittances, and significant for inbound transfers from Turkish family members too.
Which provider offers the best USD to EUR rate?
InstaReM
4.0Exchange rate
0.8873
Fee
Free
Recipient gets
€887.25
Speed
1-3 business days
Crypto & stablecoin routes for USD → EUR
Each is a fiat on-ramp → blockchain → local cash-out, not a one-tap transfer. All-in cost below.
KrakenBitcoin · LightningBeats mid-market
Strike → Lightning Network (BTC) → Kraken (BTC) · ~1 second
889 EUR
0.07% rebate all-in
+
KrakenBitcoin · LightningBeats mid-market
Strike → Lightning Network (BTC) → Kraken (BTC) · ~1 second
889 EUR
0.07% rebate all-in
- 1Strike USD→BTC: FREE
- 2Lightning Network network: 0.000001 BTC
- 3Kraken (BTC): 0.00% spread
- 40.09 EUR withdrawal fee
Also routable via Lightning Network (BTC), Stellar (USDC), Solana (USDC), Polygon (USDC).
Source: CCXT (kraken)
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, refreshed every 6 hours. Not financial advice.
Guides, fees & how it works
Which provider suits each USD→EUR transfer?
InstaReM currently delivers the most EUR on this route, while Wise is the fastest.
Cheapest transfer
InstaReM
Delivers the most EUR for your money
Fastest transfer
Wise
Delivers in Instant
Cash pickup
Remitly
Widest cash pickup network
Bank transfer
InstaReM
Best rate for bank deposit to Germany
What you need to send money to Germany
Full name
Recipient's full legal name as it appears on their bank account
IBAN
22-character IBAN starting with 'DE'
Example: DE75512108001245126199
Bank name
Name of the receiving bank
SWIFT/BIC code
Optional8 or 11-character SWIFT code identifying the bank (may be optional with IBAN)
Transfer examples: USD to EUR
Send $500
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| InstaReM0.89 · 1-3 business days | Free | 0.89 | €444 | 1-3 business days |
| Wise0.89 · Instant | $1.35 | 0.89 | €443 | Instant |
| TapTap Send0.88 · Under 3 minutes (95% of transfers) | Free | 0.88 | €441 | Under 3 minutes (95% of transfers) |
| LemFi0.88 · Minutes to 1 business day | Free | 0.88 | €440 | Minutes to 1 business day |
| Remitly0.88 · Minutes to 3-5 days | $2.99 | 0.88 | €439 | Minutes to 3-5 days |
| Western Union0.88 · Minutes to 5 days | $0.99 | 0.88 | €439 | Minutes to 5 days |
Send $1,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| InstaReM0.89 · 1-3 business days | Free | 0.89 | €887 | 1-3 business days |
| Wise0.89 · Instant | $5.47 | 0.89 | €884 | Instant |
| TapTap Send0.88 · Under 3 minutes (95% of transfers) | Free | 0.88 | €881 | Under 3 minutes (95% of transfers) |
| Remitly0.88 · Minutes to 3-5 days | $2.99 | 0.88 | €880 | Minutes to 3-5 days |
| CurrencyFair0.88 · 0-6 days | $3.39 | 0.88 | €881 | 0-6 days |
| LemFi0.88 · Minutes to 1 business day | Free | 0.88 | €880 | Minutes to 1 business day |
Send $5,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| Wise0.89 · Instant | $5.47 | 0.89 | €4,439 | Instant |
| InstaReM0.89 · 1-3 business days | Free | 0.89 | €4,436 | 1-3 business days |
| Remitly0.89 · Minutes to 3-5 days | $2.99 | 0.89 | €4,422 | Minutes to 3-5 days |
| CurrencyFair0.88 · 0-6 days | $3.39 | 0.88 | €4,415 | 0-6 days |
| TapTap Send0.88 · Under 3 minutes (95% of transfers) | Free | 0.88 | €4,405 | Under 3 minutes (95% of transfers) |
| XE Money Transfer0.88 · 0-3 days | Free | 0.88 | €4,401 | 0-3 days |
How much does it cost to send money to Germany?
Of the 20 estimates we hold for $1,000 USD to EUR, 9 charge no transfer fee and 11 charge between $0.99 and $15.00. Their exchange rates sit 0.00% to 4.27% above the mid-market rate (median 1.40%), a spread worth 38 EUR on this amount.
A steady pair: just 4.2 points apart; today's "great" is typical. Best payout day InstaReM (1 October 2026), worst TapTap Send (11 April 2026).
How can my recipient receive money in Germany?
Recipients in Germany have 3 ways to receive this transfer: sepa transfer; bank deposit; cash pickup.
SEPA Transfer
Fast SEPA bank transfer within the Single Euro Payments Area.
Bank Deposit
Direct transfer to bank accounts in Germany.
Cash Pickup
Collect cash from agent locations in Germany.
How long does it take to send money to Germany?
10 of the 21 providers quoting USD to EUR advertise delivery within minutes (Wise, TapTap Send, Remitly); 11 quote longer, such as InstaReM at 1-3 business days on USD to EUR.
Provider-stated speeds for Germany, not our measurement.
- WiseInstant
- TapTap SendUnder 3 minutes (95% of transfers)
- RemitlyMinutes to 3-5 days
- LemFiMinutes to 1 business day
- Western UnionMinutes to 5 days
- InstaReM1-3 business days
- CurrencyFair0-6 days
- XE Money Transfer0-3 days
- Currencies Direct0.5-1.5 days
- Revolut2-3 days
Popular banks in Germany
6 banks commonly receive international transfers in Germany, including AACHENER BAUSPARKASSE AKTIENGESELLSCHAFT and SPARKASSE AACHEN — each bank's SWIFT/BIC code is below.
AACHENER BAUSPARKASSE AKTIENGESELLSCHAFT
AABSDE31
SPARKASSE AACHEN
AACSDE33
AAREAL BANK AG
AARBDE5W
SANTANDER CONSUMER BANK AG (FORMERLY AKB BANK AG)
AKBCDE31
AKF BANK GMBH AND CO KG
AKFBDE31
BANKHAUS ANTON HAFNER KG
ANHODE77
Exceptional time to send
SendScoreBest rate +2.01% vs the 30-day average, near the 90-day high. Rates are improving — +1.01% week on week. Today's best beats the median provider by +2.95%.
- 40%near the 90-day high
- 25%+2.01% vs the 30-day average
- 20%today's best beats the median provider by +2.95%
- 15%improving — +1.01% week on week
Who is usually cheapest here
InstaReM delivered the most on 89 of the last 91 days it quoted here (98%); InstaReM is today's best too.
- 98%InstaReM — cheapest on 89 of 91 days it quoted
- 2%TapTap Send — cheapest on 2 of 91 days it quoted
- 0%LemFi — cheapest on 0 of 91 days it quoted
- 0%Revolut — cheapest on 0 of 90 days it quoted
91 contested days of 91; single-quote days excluded for USD→EUR. See every corridor.
USD→EUR: 196 days of our recorded provider rates
USD to EUR Exchange Rate History
Per 100 USD sent, last 14 of 196 days.
| Date | Xoom (PayPal) | InstaReM | Wise | __mid Market__ | MoneyGram |
|---|---|---|---|---|---|
| Trend | |||||
| Oct 3 | 0.8067 | 0.8873 | 0.8887 | 0.8887✓ | 0.8802 |
| Oct 2 | 0.8065 | 0.8873 | 0.8887 | 0.8887✓ | 0.8777 |
| Oct 1 | 0.8037 | 0.8881 | 0.8894✓ | 0.8894 | 0.8717 |
| Sep 30 | 0.8001 | 0.8811 | 0.8825 | 0.8825✓ | 0.8733 |
| Sep 29 | 0.8000 | 0.8803 | 0.8817 | 0.8817✓ | 0.8703 |
| Sep 28 | 0.7980 | 0.8781 | 0.8793✓ | 0.8793 | 0.8693 |
| Sep 27 | 0.7970 | 0.8773 | 0.8787✓ | 0.8787✓ | 0.8693 |
| Sep 26 | 0.7970 | 0.8765 | 0.8778 | 0.8779✓ | 0.8693 |
| Sep 25 | 0.7974 | 0.8765 | 0.8778✓ | 0.8778✓ | 0.8705 |
| Sep 24 | 0.7967 | 0.8774 | 0.8789✓ | 0.8789✓ | 0.8634 |
| Sep 23 | 0.7948 | 0.8771 | 0.8784✓ | 0.8784✓ | 0.8634 |
| Sep 22 | 0.7926 | 0.8720 | 0.8735✓ | 0.8735✓ | 0.8624 |
| Sep 21 | 0.7911 | 0.8708 | 0.8721✓ | 0.8721✓ | 0.8619 |
| Sep 20 | 0.7905 | 0.8691 | 0.8707✓ | 0.8707✓ | 0.8619 |
Frequently asked questions
Common questions about sending money to Germany
What is the cheapest way to send money to Germany?
Which provider delivers the most euros depends on the currency you send from — the live comparison on this page ranks them for USD, and OFX is worth quoting for amounts above $3,000. Given Germany's EUR use and SEPA connectivity, the fee structure matters more than the exchange rate spread — both are generally very low for major currency pairs.
What IBAN format do German banks use?
German IBANs are exactly 22 characters: DE + 2 check digits + 8-digit BLZ (Bankleitzahl — bank sort code) + 10-digit account number. Example: DE89370400440532013000. The BLZ identifies the specific bank and branch. Recipients can find their IBAN in their bank's online banking portal or on a bank statement.
How long does a transfer to a German bank take?
SEPA Instant transfers to German banks arrive in under 10 seconds. Standard SEPA Credit Transfer arrives next business day. Wise uses SEPA Instant where available, making transfers to Deutsche Bank, Commerzbank, Sparkasse, and N26 near-instant. International SWIFT wires take 1–3 business days before the SEPA leg.
Which SWIFT code does Deutsche Bank use?
Deutsche Bank's SWIFT/BIC code is DEUTDEDB (Frankfurt) or DEUTDEFF. Commerzbank: COBADEFFXXX. Sparkasse (varies by region): check with the specific Sparkasse. N26: NTSBDEB1. For SEPA transfers, the IBAN alone is sufficient — the BIC is optional under SEPA rules for EUR transfers within SEPA.
Are remittances taxed in Germany?
Germany has a gift tax (Schenkungsteuer) with generous exemptions. Gifts from parents or grandparents are exempt up to €400,000 per recipient per 10 years; from siblings or other relatives up to €20,000. Personal support payments between family members are generally not taxable. Germany's tax authority (Finanzamt) requires declaration of gifts above exemption thresholds, but routine family remittances are exempt.
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