Did you know that, you can send money from Germany to your home country literally for FREE of charge?
When you are abroad and want to transfer money to your home country or to any of your friends/relatives, you can choose any of the following methods:
- International transfer via Bank
- Peer-to-Peer money transfer services
Everyone knows about the traditional bank transfer method, which usually takes weeks for the recipient to receive the money and there can be some unwanted charges included during the transaction.
For example, at the time of writing this article 1EURO = 80.2 INR and when we do the transfer via banks, we incurr more charges for the services and in total, it would amount to 85-88INR per EURO - which is really high.
The other easier way is to use any of the "peer-to-peer" money transfer services like TransferWise, Xendpay, etc., The main advantage of using these services is that, the usual service charges are way less than the traditional methods and the sender can know how much money will be charged and how much money will the recipient receive - everything in real-time.
Based on our experiences, we would recommend - TransferWise; which is comparatively cheaper and quicker. For instance, one of our friend tried to transfer X Euros from Germany to India, he got best rates from TransferWise and the money was transferred within 4 hours to the Indian account.
Here is a video from TransferWise:
So, here is how you send money from Germany to your home country for FREE:
- Visit TransferWise website and create a FREE account
- Enter the amount and desitnation
- You will get a transparent price quote, with service charge and how much the recipient will receive
- Then proceed with entering your bank details and recipient's bank details
- Click send
You can create a FREE account using this link: TransferWise
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