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KFW Bankgruppe International Transfers & Exchange Rates
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Published On:
November, 23 2022
Edited On:
January, 28 2023

KFW Bankgruppe International Transfers & Exchange Rates

KFW was founded in 1948 and has its headquarters in Frankfurt, Germany. It is a development and investment bank and the 3rd biggest in Germany. The bank covers 90% of the borrowing needs of capital markets in Germany and the total assets are 472.3 billion Euros as of 2017.

About KFW Bankgruppe

KfW is owned by the Federal Republic of Germany (80 per cent) and the States of Germany (20 per cent).It is led by an Executive Board, which reports to a 36-member Board of Supervisory Directors. The Chair and Deputy Chair of the Board of Supervisory Directors are the German Federal Ministers of Finance and of Economic Affairs. The roles are switched on an annual basis.

Exchange rates

KFW Bankgruppe does not offer currency conversion services, but you can find the lowest rates via Using a 3rd party service to complete money transfers ensures you have the best exchange rate available online.

Transfer fees

It’s not possible to send money with a KFW Bankgruppe, but you can when using money transfer services such as They are ideal if you want to send money regularly and avoid the transfer fees building up over time.

Additional costs

There are minimal additional costs when using 3rd party services. The idea is to keep the costs low so that you’re able to get a good deal. You won’t have to pay for signing up to a new account or downloading their mobile app.

How do KFW Bankgruppe transfer fees compare to using a money transfer provider?

Banks similar to KFW Bankgruppe charge up to $40 per transaction depending on where you are sending the money. However, with a 3rd party service you don’t have to worry about high fees. In most cases they are small and don’t scale as you increase the amount of money sent.

Receiving money using a regular German bank account is comparable to a third-party service. You will not get charged for receiving money but it might take longer for the money transfer to complete.

KFW Bankgruppe Pros and Cons


Trusted German bank with around 500 billion EUR assets
Around for a long time since it was founded in 1948
Offers a range of products including housing finance, enterprise finance, import finance and foreign investments
Good bank for business customers


Does not provide regular current accounts
No ability to send money internationally

KFW Bankgruppe Swift Codes

KfwGermanyFrankfurt Am Main
Kfw Ipex Bank GmbhGermanyFrankfurt Am Main

How to open an account and transfer money with KFW Bankgruppe on the website

You don’t have an option to open a regular private bank account at KFW Bankgruppe. However, you have many options to send money to Germany using other services, which you can find at

Can I use KFW Bankgruppe for international bank transfers?

Transferring money at KFW Bankgruppe is not possible but easy with a money transfer service. In most cases you need the email of the recipient’s account and the amount you wish to send – it’s that simple.

Additional information

  • The CEO is Dr. Gunther Braunig

  • The number of employees is 6,705

  • Offers branches in 11 countries worldwide including Moscow, London, New York and Singapore

  • Received awards for international deals from organizations such as PFI Project Finance International, IJGlobal and GTF Global Transport Finance


KFW Bankgruppe customers are unable to send or receive money to a traditional private bank account. However, they offer a range of other services such as foreign investments, small and medium enterprises, housing finance and more.

Customers of KFW Bankgruppe can send money using money transfer alternatives such as Western Union and Payoneer. They are trusted methods of sending money quickly with minimal fees.

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April Summers
April Summers
April is a trained journalist and the Content Editor for She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she's not writing about global remittances she can be found daydreaming about her next holiday abroad.

Answers to key questions about KFW Bankgruppe

Can I open a KFW Bankgruppe account in any country?
Does KFW Bankgruppe have an app?
Are there transfer limits?
How long do transfers take with KFW Bankgruppe?
What customer support options are available?
Can I use a KFW Bankgruppe debit card when traveling abroad?
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