How to send money to Germany from Australia
The best way to send AUD to EUR | Wise |
The total number of Australia to Euro providers | 11 |
The average cheapest way to send money from Australia to Germany | Instarem |
Best option for debit card transfers | Instarem |
Best option for bank transfers | TorFx |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from Australia to Germany
We recommend using Wise for money transfers to Germany from Australia.
We analyzed 11 providers that allow AUD to EUR transfers. Wise emerged as the best option in 66.7% of searches.
What’s the cheapest way to send money from Australia to Germany?
Based on results from the last 3 months, of the 11 providers we list, the cheapest way to send money from the Australia to Germany was Instarem, and the average cheapest payment method was bankTransfer.
Instarem has averaged 0.3% cheaper than the next nearest provider for money transfers to Germany from Australia.
Just to make you aware, bankTransfer was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Germany from Australia is calculated
The cost of sending money from Australia to Australia depends on several things, including:
The mid-market rate
The current mid-market rate between AUD and EUR is 0.602533. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Australia and Germany. This is why Instarem is listed as our cheapest option - they offer the best combination of Australian Dollar to Euro (-0.01) and fees (12604.01).
Bank transfers from Australia to Germany
Bank transfers are the most common way of sending AUD to Germany as they are secure, reliable, and convenient.
If you want to send Australian Dollars to Germany through a bank transfer, TorFx has been the top rated provider in our comparison system for the last 3 months, being recommended 52.9% of the time.
That’s because companies like TorFx bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, TorFx's transaction fees for Australian Dollars into Germany have averaged significantly lower than banks for the last 3 months.
Credit card payments from Australia to Germany
Sending money with a credit card is quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Australian Dollars to Germany with a credit card, Instarem has been the top rated provider in our comparison system for the last 3 months, being recommended 54.9% of the time.
Credit card payments are often classified as cash advances, which bring their own charges, not to mention currency conversion and usage fees. And forgetting to pay your balance can result in high interest charges or even damage your credit score.
Debit card payments from Australia to Germany
Debit card payments let you send money from the Australia to Germany with the similar convenience of a credit card, and there are usually no tax advance fees. That said, when sending money from a debit card, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.
If you want to send Australian Dollars to Germany with a debit card, Instarem has been the top rated provider in our comparison system for the last 3 months, recommended 54.9% of the time.
Finding the best exchange rate for AUD to EUR
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Euros you can get for your Australian Dollars. The average Australian Dollar to Euro mid-market rate over the last month was 0.6031, with a low of 0.5975 and a high of 0.6072.
For comparison, the best exchange rate for AUD to EUR right now is through Wise, at a difference of -0.03%.
How we find the best transfer deals from Australia to Germany
We’ve compared the cost, speed, and product offering of the top money transfer services (including TorFx) available between Germany and Australia.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Australian Dollar to Germany, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.