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Top 3 Money Transfer Providers for UK to Germany

Provider Amount Received Fee Exchange Rate Speed
TorFX TorFX EUR €11,065.24 £0.00 1.1065 1-3 days more...
Moneycorp Moneycorp EUR €11,042.93 £0.00 1.1043 1-3 days more...
OFX (UK) OFX (UK) EUR €10,986.05 No Fee 1.0986 1-4 days more...
FXcompared Country Guides
See all guides here
UK
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy 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
See all guides here
 

Top 13 Money Transfer Providers

Latest prices for transferring money from UK to Germany
Exchange Rates as of 2019-06-26T07:04:58+00:00
Bank Beating Rates

TorFX

?
Est. 2004

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
EUR €11,065.24
GBP £214.24
saved vs. banks

Moneycorp

?
Est. 1979

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

More Info Less Info

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

Amount Received
EUR €11,042.93
GBP £194.24
saved vs. banks

OFX (UK)

?
Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

More Info Less Info

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

Amount Received
EUR €10,986.05
GBP £143.24
saved vs. banks
Bank Beating Rates

Currencies Direct

Call us0203 018 1318

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

More Info Less Info

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
EUR €11,031.78
GBP £184.24
saved vs. banks

WorldFirst

?
Est. 2004

Transparency and security | Great customer feedback rating from Feefo

More Info Less Info

Transparency and security | Great customer feedback rating from Feefo

Amount Received
EUR €11,045.17
GBP £196.24
saved vs. banks

Global Reach (formerly FC Exchange)

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

More Info Less Info

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

Amount Received
EUR €11,054.09
GBP £204.24
saved vs. banks

RationalFX

?
Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More Info Less Info
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
EUR €11,059.67
GBP £209.24
saved vs. banks

Western Union Business Solutions

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
More Info Less Info
The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
Amount Received
EUR €10,987.16
GBP £144.24
saved vs. banks

Azimo

?
Est. 2012

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

More Info Less Info

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

Amount Received
EUR €11,093.00
GBP £239.12
saved vs. banks

Currency Solutions

Currency exchange specialists ranking No.1 on Trustpilot for the past two years
More Info Less Info
Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Amount Received
EUR €11,064.13
GBP £213.24
saved vs. banks

Smart Currency Exchange

Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
More Info Less Info
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
EUR €11,059.67
GBP £209.24
saved vs. banks

WorldRemit

?
Est. 2010

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

More Info Less Info

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

Amount Received
EUR €11,028.00
GBP £180.85
saved vs. banks

Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More Info Less Info

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
EUR €10,787.28
No saving vs. banks
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How to Transfer Money from UK to Germany

Daniel Webber
Summary written by Daniel Webber

Summary

There are no restrictions if you want send money from the United Kingdom to Germany. Germany is the UK’s largest trading partner, receiving 10% of the country’s exports, while being the source of 13.8% of imports (ahead of the Netherlands, in second place, with 8.5%). Germany is also one of the most popular countries for Brits to emigrate and retire abroad.

Visas and immigration

Thanks to European Union (EU) free circulation policies, German and British citizens wishing to relocate to the other county, whether for work or retirement can do so freely without the need for a resident or a work permit. However they must have a valid passport.

Retirement and pensions

Germany has become an increasingly popular destination for UK retirees, with some 39,000 retirees settling there as of 2012 according to the UK’s Department of Work and Pensions and the Institute of Public Policy Research. This makes Germany the eighth most popular overseas retirement destination by numbers; as a proportion of retirees to total UK residents there, however, Germany is number one, with retirees accounting from around 40% of the total. The UK state pension can be paid to expats in Germany, but the EU has ruled that the UK is not obliged to adjust pension payments in line with inflation. You can then make a regular money transfer to Germany from your UK account into a German bank account to support your retirement.

Buying property in Germany

Germany has one of the lowest rates of home ownership in the developed world, estimated by the government at 43% in 2013. There are several policy and historical reasons for this, but UK expats moving to Germany may still prefer to buy their home rather than rent. Foreign nationals are freely able to buy property in Germany, but while foreign nationals are able to secure domestic mortgages, funding is normally capped at around 60% of the purchase price. As such, it will be necessary to transfer money to Germany for a deposit, if it has not been built up locally.


The process of buying property in Germany is not vastly different from that in the UK, although, like in the rest of Europe, a notary (Notar) is needed to check the title deeds and oversee the signing of the contract. Estate agents (Makler) charge a commission of 3-7% of the total purchase price, which is agreed in advance, and can be paid by the buyer, the seller or both. The Notar will also usually receive the funds from the buyer on behalf of the seller, who will then receive them once the transfer of ownership has been completed by the land registry. Total transaction costs can be expected to be in the region of 10-15% of the property value.


Inheritance law and tax work very differently in Germany compared to the UK, so specialist legal and accounting advice should be sought before you send money to Germany to purchase the property. Superficially, it is worth knowing that there is no estate tax in Germany. Rather, inheritance tax (Erbschaftssteuer) is applied to each individual heir or beneficiary and not on the entirety of a German estate. The UK Germany Double taxation Convention ensures that no taxes are paid twice, however. Whether resident or non-resident, it may be advisable to make a will according to German law in the event of purchasing property. If a decendent possesses more than one citizenship at the time of death, German law disregards any non-German citizenship in determining the laws applicable to the estate. There is no capital gains tax on real estate held for longer than 10 years, but will start at 25% if sold within that time.

UK to Germany trade

Germany is the UK’s largest source of imports and supplied goods and services worth £57.4bn (EUR71.8bn) in 2013, 13.8% of total UK imports. This is nearly double the £30.7bn – 10% of the total – that the UK exported to Germany that year. In the first three quarters of 2014, Germany was the source of £42.7bn of goods imports, equivalent to 14.3% of the total. Imports from Germany are dominated by motor vehicles and parts, followed by machinery and chemicals.

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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.