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Top 3 Money Transfer Providers for Australia to Germany

Provider Amount Received Fee Exchange Rate Speed
OFX (prev. OzForex) OFX (prev. OzForex) EUR €6,093.49 No Fee 0.6093 1-3 days more...
TorFX TorFX EUR €6,105.80 No Fee 0.6106 1-3 days more...
Moneycorp Moneycorp EUR €6,044.25 No Fee 0.6044 1-3 days more...
FXcompared Country Guides
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AUSTRALIA
The central bank does not target a specific value for the AUD Read More
GERMANY
Being a member of the single currency Eurozone, Germany does not impose any currency controls and has completely deregulated all individual and business transactions between residents and non-residents Read More
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Top 10 Money Transfer Providers

Latest prices for transferring money from Australia to Germany
Exchange Rates as of 13 July 2020, 09:06

OFX (prev. OzForex)

Est. 1998
Celebrated international money transfer service connecting our customers when it matters most. Best-in-class global payments provider for people and businesses for over 17 years.
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Amount Received
EUR €6,093.49
AUD $410.41
saved vs. banks

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

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FXcompared Rating
Amount Received
EUR €6,105.80
AUD $430.41
saved vs. banks

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
EUR €6,044.25
AUD $330.41
saved vs. banks

WorldFirst

Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Amount Received
EUR €6,124.26
AUD $460.41
saved vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Amount Received
EUR €6,093.49
AUD $410.41
saved vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

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Amount Received
EUR €6,105.80
AUD $430.41
saved vs. banks

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

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Amount Received
EUR €6,099.03
AUD $419.41
saved vs. banks

Average Australia Bank

Est. 1800

Average of the top 9 Australian Banks costs as compiled by our own FXC Intelligence group

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Amount Received
EUR €5,844.82
AUD $6.41
saved vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More InfoLess Info
Amount Received
EUR €6,099.64
AUD $420.41
saved vs. banks

Global Reach (formerly FC Exchange)

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

More InfoLess Info
Amount Received
EUR €6,099.64
AUD $420.41
saved vs. banks

How to Transfer Money from Australia to Germany

What is in this guide

Australia to Germany Guide

Summary

Germany and Australia have strong bilateral ties in investment, trade, education and migration. In fact, according to the Australian Department of Foreign Affairs and Trade, more than 900,000 Australians claim to be of German descent. The free floating Australian dollar (AUD) is a freely convertible currency, and Australian authorities do not restrict international transfers, making it easy to send money to Germany. Outgoing money transfers are regulated by the Australian Securities and Investment Commissions (ASIC).

Visas and Immigration

Australian nationals who will be staying in Germany for up to 90 days, including both tourist and business travellers, do not require a visa to enter Germany. However, your passport or other travel ID should be valid for at least three months at the time that you plan to travel. As an Australian native, you may apply for a residence permit when you arrive in Germany. The application forms are available free of cost both in paper format and online at the official website of a German embassy or consulate general. Australian natives who plan to stay in Germany for more than 90 days must obtain a visa. Although the cost is currently €60, students under the age of 25 and family members of foreign diplomats may be subject to a fee waiver.

Studying in Germany

International study programmes are a frequent driver of money transfer from Australia to Germany. The two countries have over 300 linkages in research and development through several major universities and colleges. Germany has become even more attractive for university education as tuition is now free in all states at public universities for both national and international students pursuing an undergraduate degree. In many cases, the only costs will be administrative and enrolment fees, in addition to living expenses.

As a result, Germany is currently the fourth most popular destination in the world for tertiary education. How much you stand to pay for your education while in Germany is highly relative to the level of degree, the particular institution, the duration of the course and the particular German state in which you reside. Private universities, who are dependent on tuition fees as a major source of funds, usually cost as much as €20,000 for each year of study. Australians can also benefit from several scholarship opportunities available through the Group of Eight Universities as a move to enhance research opportunities for eligible students who are between the ages of 18 and 30.

Bilateral Trade & Investment

Bilateral trade in goods and services is another key factor driving money transfers from Australia to Germany. Germany is Australia’s tenth largest trade partner in goods. Australia mainly imports German-made cars, putting the trade balance in Germany’s favour, whereas its major exports are gold coins, legal tender and metal ores.

Australian investments in Germany amounted to about $48.9 billion in 2013. This represents foreign direct investment (FDI) and portfolio investment. For example, Australian Industry Funds (AIF) bought 40 percent of the shares in the 50Hertz Transmission company. CSL Behring is a major manufacturer operating in Germany as well as the Australian investment bank, Macquarie.

Banking, money and taxes

Germany has a dense, sophisticated banking network; online banking is widely available, making it easier to manage funds held in the country. The major banks include Commerzbank, Westdeutsche Landesbank, PostBank and Bayerische Vereinsbank. In order to open a bank account, you will require some form of ID, such as your passport, visa or residence card if you are an expat, and proof of address. Some banks require a nominal amount in order to open a new account. You can also transfer money from Australia to Germany direct to bank, but that may take several weeks.

Travelling with your pet

If you plan on travelling with your pet to Germany, there are some strict controls that must be taken into consideration beforehand. You must be able to prove that your pet has been vaccinated against rabies in order to avoid being quarantined upon arrival in Germany, as is the case in most countries.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from Australia to Germany. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.