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Four Methods For Transferring Money To Germany: Tips On Remitting Funds To Germany
By Money Transfers
Of all the ways to get to Germany, most options seem inconvenient due to either high cost or an inability to conduct business in a timely manner.
The most secure way to send remains through a bank, which through various regulations, offers protection to both people in the transaction. However, both persons are required to have accounts at their respective bank, and even then, the service is not cheap. It will run you about $45.00 per transfer, no matter how much you send.
A second option costs about the same as bank-to-bank transfers and appears just as speedy. If you choose location transferring when wiring funds to Germany, the sender chooses one of the business’ locations, then pays a fee based on the amount being sent and sometimes another fee to convert the money. For the recipient to get the money, they must go to the location nearest
them, present identification - and most often a secret code – and finally collect the money.
If the sender has more time, they also have more options. Another way to transfer funds is to have the sender create a new account in the country they’re exporting the from, request two debit cards, then mail one of them to the recipient. The recipient can then go to the bank or an ATM to withdraw the funds. This option works well if you’re doing business with a someone you trust but if you do not know the recipient, this is obviously not the best option.
If you aren’t in a rush to wire the money, but you do care about saving some cash, you can buy a order at a low fee, then just pop it in a stamped envelope and drop it in the mail. Although the process will take a few weeks, all the recipient must to do is cash it or deposit it into their account.
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