Transfer money from Germany to USA

EUR €164.16 Avg. Saving vs. Banks ?
 

Here are the latest prices for transferring money from Germany to USA
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Top 10 Money Transfer Providers

Exchange Rates as of 2018-05-25T20:59:56+00:00

OFX (prev. UKForex)

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Amount Received
USD $11,531.74
EUR €158.51
saved vs. banks
Bank Beating Rates

TorFX

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Est. 2004
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Amount Received
USD $11,555.04
EUR €178.51
saved vs. banks

Moneycorp

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Est. 1979
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Amount Received
USD $11,531.74
EUR €158.51
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FC Exchange

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Est. 2005
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Amount Received
USD $11,543.39
EUR €168.51
saved vs. banks
Bank Beating Rates

Currencies Direct

 

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Amount Received
USD $11,520.09
EUR €148.51
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WorldFirst

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Est. 2004
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Amount Received
USD $11,552.13
EUR €176.01
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Currency Solutions

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Amount Received
USD $11,542.22
EUR €167.51
saved vs. banks

Smart Currency Exchange

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Amount Received
USD $11,531.74
EUR €158.51
saved vs. banks

RationalFX

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Est. 2005
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Amount Received
USD $11,543.39
EUR €168.51
saved vs. banks

OFX Business

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Amount Received
USD $11,531.74
EUR €158.51
saved vs. banks

How to Transfer Money from Germany to USA

Summary

As a member of the European Union (EU), Germany enjoys a strategic and collaborative partnership with the United States on a variety of issues, including trade and investment agreements, global policy alliances, and global safety initiatives. Currently, there are no restrictions for German citizens who want to transfer money from Germany to the USA.

Visas, work permits and residency

German citizens who wish to live or work in the United States must apply for the appropriate visa or be granted permanent resident status. There are a variety of visitor and work visas. The type and duration of the work visa that will be required depends on the applicants profession and current employment status. For more information on visa requirements, please refer to the US Embassy website.

For most foreigners who plan to visit the United States for a period of up to 90 days, a visitor or business visa is still required. However, American authorities have waived this rule for citizens of Germany, as well as several other countries in Europe. For short stays, German passport holders need only register online through the Electronic System for Travel Authorization (ESTA). For stays of more than 90 days, an immigrant or non-immigrant visa is required.

Buying property in the US

There are few restrictions for German citizens who wish to own or rent property in the US. Before making a purchase, however, foreign nationals will need to obtain an Individual Taxpayer Identification Number (ITIN), required for all property transactions in the US. German citizens must provide their ITIN upon close of the transaction in order for it to clear. To obtain an ITIN, the buyer must apply with the national tax authority, the IRS. Please beware that this process may take five weeks or longer, so it is advisable to take this step early in the process. Once the ITIN is issued, the buyer can then easily transfer from Germany to USA for their property purchase. Working with a licensed real estate attorney or real estate agent is advisable, as they can guide German citizens on regional and federal real estate laws, which differ state by state.

Taxation

In 1989, Germany and the United States entered into a tax treaty for the avoidance of double taxation of citizens living and working in either country. For German citizens living and earning money in the US, a tax return must still be filed with the German government, but citizens may be eligible to receive tax credits based on what they pay in the US. If taxes are owed to the US government, there are no restrictions to transfer money from Germany to the US to make these payments.

Studying in the US

US educational institutions require a student visa before a non-residents can study within the United States. However, before a German citizen can apply for a student visa, they must first apply for and be accepted to a US-based accredited school or program. Once the institution has issued its acceptance, it will supply the necessary documents to the student so that they can apply for the student visa.

Currently, there are two student visas offered by the American government to foreign citizens wishing to study in the US. The F-1 visa, the most common type of student visa, is for academic studies at an approved school or accredited American university. Non-academic or vocational studies require the M-1 visa.

Voting

Like all other non-US citizens, Germans citizens are not permitted to vote in American federal elections. Historically, voting for federal office has been restricted to citizens of the United States. Although states may allow non-citizens to vote, this is rare and limited to local elections in only a few places today.

Healthcare

American healthcare is a pay-as-you-go system, with most American citizens owning some form of health insurance. It is advisable for German citizens who are planning to visit America to purchase travel insurance or a short-term health insurance policy before entering the US.

Importing from Germany to the US

As part of the EU, Germany is one of the leading partners in contributing to one of the largest economic relationships in the world; the US government recognised in 2012 that US-EU trade accounts for one-third of total global trade. Goods and services exchanged between the US and the EU amounted to roughly US$2.7bn per day in 2012. The EU and the US collaborate on a number of trade, investment, and global safety initiatives throughout the world. Recently, they entered into discussions for a new trade and investment agreement, the Transatlantic Trade and Investment Partnership (T-TIP).

Germany is the USAs single largest trade partner within the EU. In 2013, Germany imported goods and services worth US$47.4bn from the US, followed closely by the United Kingdom, the Netherlands and France. Considered together, EU countries are the second largest market for US exports, which drives constant, high-volume money transfers to the USA.

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