Landesbank Hessen-Thüringen International Transfers & Exchange Rates

Landesbank Hessen- Thüringen, also known as Helaba, is a trusted commercial bank offering a wide range of financial services that practically make it a one-stop-shop. It serves banks, companies, the public sector, commercial real estate, and institutional customers.

About Landesbank Hessen-Thüringen

Helaba is the central S-group bank that enables savings banks to fulfill their responsibilities to the community they serve. Helaba does this through its superior financial products and services. Helaba is a strong partner for about 40% of Germany's Sparkassen as it serves the German federal states of Brandenburg, Hesse, North Rhine-Westphalia, and Thuringia.

The States of Hesse and Thuringia own 12% of Helaba, with the German savings bank sector owning the remaining 88%. The bank has maintained long-term relationships with institutional clients, corporations, retail customers, and the public sector.

The bank offers business development services, corporate financing, investment management, online banking, and savings accounts.

It has headquarters in Frankfurt and Erfurt and branches in Berlin, Düsseldorf, Hamburg, Kassel, Munich, Münster, Offenbach, and Stuttgart.

The bank has a robust international presence in London, Madrid, Moscow, New York, Paris, São Paulo, Shanghai, Singapur, and Stockholm.

Landesbank Hessen-Thüringen Exchange Rates and Fees

Exchange Rate

As of June 01, 2021, the exchange rate for every EUR is USD 1.42 and GBP 0.86.

However, like other banks, Helaba uses retail conversion rates, ranging from 1 to 2% lower than the market rate. For example, if you send EUR100 to the US through Helaba, the recipient may be getting only USD127.8 instead of USD 142.

Always check the exchange rate with the bank.

Transfer Fees

Incoming and outgoing wire transfer fees for Helaba are waived.

Additional Costs

No additional costs are published, but you may inquire from an advisor or through Frankfurt Sparkasse.

How do Landesbank Hessen-Thüringen transfer fees compare to using a money transfer provider?

Helaba uses an exchange rate that is lower than what money transfer services such as Wise use. However, since Helaba transfer fees are waived, it is still best to compare the rates among the bank and the money transfer services.

Landesbank Hessen-Thüringen Pros and Cons

Landesbank Hessen-Thüringen Swift Codes

How to open an account and transfer money with Landesbank Hessen-Thüringen

Opening an account

You may register for an account online in three ways. The PIN/TAN method is for customers who have already registered for online banking. From the online banking homepage of Frankfurter Sparkasse, you will be asked to log in, after which you will be asked to complete the online registration form. After clicking "Submit," you will be shown the filled-out form to check the details. Once confirmed, you will be requested to enter the requested TAN to confirm your request.

The other method is through e-mail. You will be asked to complete the online registration form, check the details on the filled-out form before submitting it, and send the e-mail to your Sparkasse.

The third method starts with completing the online registration form, followed by checking the details. But this time, you need to print the form and post or fax it to your Sparkasse.

Your registration is considered complete once you receive a confirmation letter from you Sparkasse, except if you need to sign other forms.

All documents are written in German.

Your application data will be stored in electronic format. Your Sparkasse will send you a copy of the contracts by post. You can request to view the stored data they have on you.

Transferring money

You may transfer money in three ways: through Helaba Webbanking, S-app, or visit the bank.

If the transfer is to be made outside of SEPA, you need to fill out an international payment form and provide the IBAN and BIC/bank code (SWIFT). Express transfers are subject to an additional charge.

Additional information

None published, but you may log in to their online banking facility to get the information.

Customer service details for users of Landesbank Hessen-Thüringen

You may contact Helaba advisors at +49 69 91 32-01 or +49 69 29 15-17. You may also visit them at the Helaba Head Office or its branches.

You may also get in touch with them through Helaba Webbanking and S-App.

Can I use Landesbank Hessen-Thüringen for international bank transfers?

Yes, you may use Helaba for international bank transfers. You may place your transfer orders through its online banking facility or mobile banking.

Summary

Helaba, which has pioneered several digital banking initiatives, is committed to serving the community through superior financial products and services.

However, when it comes to international money transfers, there are better options than Helaba, primarily because there are apps and some money transfer services that use higher exchange rates than what the bank offers. These alternatives can also complete the transfer quicker than the bank can.

But if you are looking for a name you can trust because of its stability and reputation for being compliant, then Helaba is the better option.

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