How to send money to Tanzania from Germany with the best EUR-TZS rate

TapTap Send is the best and cheapest service overall. On €7,000 you will get 20,580,000 TZS after fees and the exchange rate.

We’ve compared 8 money transfer companies in more detail below.

Best companies for EUR/TZS transfers

8 of 8 providers

Last updated on 28 October 2026

Based on 7,000 EUR transfer

Best companies for EUR/TZS transfers

Sort Cheapest
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 2836.9542 TZS +3.55% vs mid-market Recipient gets TZS 19,858,679.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Tanzania with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2836.9542 TZS
TZS 19,858,679.40You pay€7,000.00
Promoted

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 2931.6765 TZS +0.27% vs mid-market Recipient gets TZS 20,521,735.75 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Tanzania with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2931.6765 TZS
TZS 20,521,735.75You pay€7,000.00

Run a live search

Showing top Germany to Tanzania deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.

TapTap Send

Pay via Debit card
Fee €0.00 1 EUR = 2940.0000 TZS -0.01% vs mid-market Recipient gets TZS 20,580,000.00 Minutes
Cheapest
Receive to bank account

Ways to receive money in Tanzania with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 EUR = 2940.0000 TZS
TZS 20,580,000.00You pay€7,000.00
Mobile moneyMinutesAvailable via:Airtel, M-PESA, Tigo
Free1 EUR = 2940.0000 TZS
TZS 20,580,000.00You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 2931.6765 TZS +0.27% vs mid-market Recipient gets TZS 20,521,735.75 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Tanzania with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2931.6765 TZS
TZS 20,521,735.75You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 2924.9154 TZS +0.50% vs mid-market Recipient gets TZS 20,474,407.97 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in Tanzania with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2924.9154 TZS
TZS 20,474,407.97You pay€7,000.00
Only available via Mobile App

WorldRemit

Pay via Debit card
Fee €1.99 1 EUR = 2907.3347 TZS +1.10% vs mid-market Recipient gets TZS 20,345,557.02 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in Tanzania with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 2 days
€1.991 EUR = 2907.3347 TZS
TZS 20,345,557.02You pay€7,000.00
Only available via Mobile App

Sendwave

Pay via Debit card
Fee €0.99 1 EUR = 2895.9391 TZS +1.50% vs mid-market Recipient gets TZS 20,268,706.58 Minutes - 3 days
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Sendwave when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 3 days
€0.991 EUR = 2895.9391 TZS
TZS 20,268,706.58You pay€7,000.00
Bank depositMinutes - 3 days
Free1 EUR = 2890.9718 TZS
TZS 20,236,802.39You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €30.95 1 EUR = 2901.5122 TZS +1.30% vs mid-market Recipient gets TZS 20,220,783.29 Within minutes
FastestRecommended
Multi-currency cardReceive to bank account

Ways to receive money in Tanzania with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€30.951 EUR = 2901.5122 TZS
TZS 20,220,783.29You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €9.99 1 EUR = 2881.1042 TZS +2.01% vs mid-market Recipient gets TZS 20,167,729.40 Minutes - 24 hours

Ways to receive money in Tanzania with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€9.991 EUR = 2881.1042 TZS
TZS 20,167,729.40You pay€7,009.99
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
€9.991 EUR = 2873.3455 TZS
TZS 20,113,418.50You pay€7,009.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 2865.0743 TZS
TZS 20,055,520.10You pay€7,009.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €9.99 1 EUR = 2881.1042 TZS +2.01% vs mid-market Recipient gets TZS 20,167,729.40 Minutes - 24 hours

Ways to receive money in Tanzania with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€9.991 EUR = 2881.1042 TZS
TZS 20,167,729.40You pay€7,009.99
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
€9.991 EUR = 2873.3455 TZS
TZS 20,113,418.50You pay€7,009.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 2865.0743 TZS
TZS 20,055,520.10You pay€7,009.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €9.99 1 EUR = 2881.1042 TZS +2.01% vs mid-market Recipient gets TZS 20,167,729.40 Minutes - 24 hours

Ways to receive money in Tanzania with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€9.991 EUR = 2881.1042 TZS
TZS 20,167,729.40You pay€7,009.99
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
€9.991 EUR = 2873.3455 TZS
TZS 20,113,418.50You pay€7,009.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 2865.0743 TZS
TZS 20,055,520.10You pay€7,009.99

Xe

Pay via Debit card
Fee €0.00 1 EUR = 2836.9542 TZS +3.55% vs mid-market Recipient gets TZS 19,858,679.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Tanzania with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2836.9542 TZS
TZS 19,858,679.40You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 2836.9542 TZS +3.55% vs mid-market Recipient gets TZS 19,858,679.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Tanzania with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2836.9542 TZS
TZS 19,858,679.40You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 2836.9542 TZS +3.55% vs mid-market Recipient gets TZS 19,858,679.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Tanzania with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 2836.9542 TZS
TZS 19,858,679.40You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee €191.00 1 EUR = 2901.5122 TZS +1.30% vs mid-market Recipient gets TZS 19,756,396.27 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Tanzania with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€191.001 EUR = 2901.5122 TZS
TZS 19,756,396.27You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

How Our Results Work
Mid-market rate: 1 EUR = 2939.6135 TZS Updates every 60 minutes.

How to send money from Germany to Tanzania

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is TapTap Send.

TapTap Send was the cheapest on 7 of the 30 days it quoted €7,000 transfers to Tanzania.

On a 7,000 EUR transfer, TapTap Send delivers the most TZS.

This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/TZS rate.

Fund your transfer

You have 3 ways to pay, including debit card, bank transfer, and credit card.

Verify and send

First time round you'll need a photo ID and proof of your German address.

Video identification is also normal and takes a few minutes.

Compare amounts

How much EUR are you sending to Tanzania?

How much EUR you send to Tanzania heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows TapTap Send was the cheapest in 20% of the transfers from €7,000 it quoted, and in 22% of all the transfers it quoted.

Cheapest service
€1,0000.03%€0.00TZS 2,940,000.00with debit card to bank deposit+TZS 52,337.66
€5,000-0.24%€0.00TZS 14,700,000.00with debit card to bank deposit+TZS 283,241.57
€7,000This page-0.01%€0.00TZS 20,580,000.00with debit card to bank deposit+TZS 407,168.21
€50,000€0.00TZS 147,000,000.00with debit card to bank deposit+TZS 29,690,875.95

Mid-market rate: 1 EUR = 2939.6135 TZS

EUR/TZS Exchange Rate History

Is today a good time to send money from Germany to Tanzania?

The cheapest way to send EUR to TZS can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's TapTap Send), across 30 days of comparisons for 7,000 EUR transfers to Tanzania.

TZS received for €7,000, after fees

Wed, 28 Oct 2026Mid-market rateTZS 20,577,294.44 TapTap Send TZS 20,580,000.00TapTap SendTZS 20,580,000.00Regency FXTZS 20,521,735.75OFXTZS 20,474,407.97

20,2M
20,4M
20,6M
20,8M
21,0M
21,2M
At the mid-market rateWith the cheapest optionTapTap SendRegency FXOFX
Exchange rateFeeRecipient getsDifference
Mid-market rate 3013.6880 – TZS 21,095,815.71
Regency FX Cheapest 3005.5510 €0.00 TZS 21,038,857.01 −TZS 56,958.70
OFX 2998.6195 €0.00 TZS 20,990,336.63 −TZS 105,479.08
TapTap Send 2981.7000 €0.00 TZS 20,871,900.00 −TZS 223,915.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 3010.9174 – TZS 21,076,421.63
Regency FX Cheapest 3002.7879 €0.00 TZS 21,019,515.29 −TZS 56,906.34
OFX 2995.8628 €0.00 TZS 20,971,039.52 −TZS 105,382.11
TapTap Send 2981.7000 €0.00 TZS 20,871,900.00 −TZS 204,521.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 2986.9370 – TZS 20,908,558.87
TapTap Send Cheapest 2981.7000 €0.00 TZS 20,871,900.00 −TZS 36,658.87
Regency FX 2978.8723 €0.00 TZS 20,852,105.76 −TZS 56,453.11
OFX 2972.0023 €0.00 TZS 20,804,016.07 −TZS 104,542.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 2966.6786 – TZS 20,766,750.39
TapTap Send Cheapest 2981.7000 €0.00 TZS 20,871,900.00 +TZS 105,149.61
Regency FX 2958.6686 €0.00 TZS 20,710,680.16 −TZS 56,070.23
OFX 2951.8452 €0.00 TZS 20,662,916.64 −TZS 103,833.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 2966.8432 – TZS 20,767,902.47
TapTap Send Cheapest 2981.7000 €0.00 TZS 20,871,900.00 +TZS 103,997.53
Regency FX 2958.8327 €0.00 TZS 20,711,829.13 −TZS 56,073.34
OFX 2952.0090 €0.00 TZS 20,664,062.96 −TZS 103,839.51
Exchange rateFeeRecipient getsDifference
Mid-market rate 2960.3616 – TZS 20,722,531.37
TapTap Send Cheapest 2956.0000 €0.00 TZS 20,692,000.00 −TZS 30,531.37
Regency FX 2952.3686 €0.00 TZS 20,666,580.53 −TZS 55,950.84
OFX 2945.5598 €0.00 TZS 20,618,918.71 −TZS 103,612.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 2950.0740 – TZS 20,650,518.22
TapTap Send Cheapest 2956.0000 €0.00 TZS 20,692,000.00 +TZS 41,481.78
Regency FX 2942.1088 €0.00 TZS 20,594,761.82 −TZS 55,756.40
OFX 2935.3237 €0.00 TZS 20,547,265.63 −TZS 103,252.59
Exchange rateFeeRecipient getsDifference
Mid-market rate 2959.1760 – TZS 20,714,231.93
TapTap Send Cheapest 2956.0000 €0.00 TZS 20,692,000.00 −TZS 22,231.93
Regency FX 2951.1862 €0.00 TZS 20,658,303.50 −TZS 55,928.43
OFX 2944.3801 €0.00 TZS 20,610,660.77 −TZS 103,571.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 2966.7382 – TZS 20,767,167.50
Regency FX Cheapest 2958.7280 €0.00 TZS 20,711,096.15 −TZS 56,071.35
OFX 2951.9045 €0.00 TZS 20,663,331.66 −TZS 103,835.84
TapTap Send 2942.0000 €0.00 TZS 20,594,000.00 −TZS 173,167.50
Exchange rateFeeRecipient getsDifference
Mid-market rate 2949.9726 – TZS 20,649,808.07
Regency FX Cheapest 2942.0077 €0.00 TZS 20,594,053.59 −TZS 55,754.48
OFX 2935.2227 €0.00 TZS 20,546,559.03 −TZS 103,249.04
TapTap Send 2935.0000 €0.00 TZS 20,545,000.00 −TZS 104,808.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 2968.8750 – TZS 20,782,125.01
Regency FX Cheapest 2960.8590 €0.00 TZS 20,726,013.27 −TZS 56,111.74
OFX 2954.0306 €0.00 TZS 20,678,214.38 −TZS 103,910.63
TapTap Send 2935.0000 €0.00 TZS 20,545,000.00 −TZS 237,125.01
Exchange rateFeeRecipient getsDifference
Mid-market rate 2958.2895 – TZS 20,708,026.56
Regency FX Cheapest 2950.3021 €0.00 TZS 20,652,114.88 −TZS 55,911.68
OFX 2943.4981 €0.00 TZS 20,604,486.42 −TZS 103,540.14
TapTap Send 2915.0000 €0.00 TZS 20,405,000.00 −TZS 303,026.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 2958.2895 – TZS 20,708,026.56
Regency FX Cheapest 2950.3021 €0.00 TZS 20,652,114.88 −TZS 55,911.68
OFX 2943.4981 €0.00 TZS 20,604,486.42 −TZS 103,540.14
TapTap Send 2915.0000 €0.00 TZS 20,405,000.00 −TZS 303,026.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 2959.3394 – TZS 20,715,375.88
Regency FX Cheapest 2951.3492 €0.00 TZS 20,659,444.37 −TZS 55,931.51
OFX 2944.5427 €0.00 TZS 20,611,799.00 −TZS 103,576.88
TapTap Send 2920.0000 €0.00 TZS 20,440,000.00 −TZS 275,375.88
Exchange rateFeeRecipient getsDifference
Mid-market rate 2955.2187 – TZS 20,686,531.10
Regency FX Cheapest 2947.2396 €0.00 TZS 20,630,677.47 −TZS 55,853.63
OFX 2940.4426 €0.00 TZS 20,583,098.45 −TZS 103,432.65
TapTap Send 2913.0000 €0.00 TZS 20,391,000.00 −TZS 295,531.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 2947.6086 – TZS 20,633,259.89
Regency FX Cheapest 2939.6500 €0.00 TZS 20,577,550.09 −TZS 55,709.80
OFX 2932.8705 €0.00 TZS 20,530,093.59 −TZS 103,166.30
TapTap Send 2913.0000 €0.00 TZS 20,391,000.00 −TZS 242,259.89
Exchange rateFeeRecipient getsDifference
Mid-market rate 2964.1365 – TZS 20,748,955.58
Regency FX Cheapest 2956.1333 €0.00 TZS 20,692,933.40 −TZS 56,022.18
OFX 2949.3158 €0.00 TZS 20,645,210.80 −TZS 103,744.78
TapTap Send 2908.0000 €0.00 TZS 20,356,000.00 −TZS 392,955.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 2966.9477 – TZS 20,768,634.03
Regency FX Cheapest 2958.9370 €0.00 TZS 20,712,558.72 −TZS 56,075.31
OFX 2952.1130 €0.00 TZS 20,664,790.86 −TZS 103,843.17
TapTap Send 2930.0000 €0.00 TZS 20,510,000.00 −TZS 258,634.03
Exchange rateFeeRecipient getsDifference
Mid-market rate 2973.8530 – TZS 20,816,970.96
Regency FX Cheapest 2965.8236 €0.00 TZS 20,760,765.14 −TZS 56,205.82
OFX 2958.9837 €0.00 TZS 20,712,886.10 −TZS 104,084.86
TapTap Send 2930.0000 €0.00 TZS 20,510,000.00 −TZS 306,970.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 2973.8530 – TZS 20,816,970.96
Regency FX Cheapest 2965.8236 €0.00 TZS 20,760,765.14 −TZS 56,205.82
OFX 2958.9837 €0.00 TZS 20,712,886.10 −TZS 104,084.86
TapTap Send 2930.0000 €0.00 TZS 20,510,000.00 −TZS 306,970.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 2966.6797 – TZS 20,766,758.19
Regency FX Cheapest 2958.6697 €0.00 TZS 20,710,687.95 −TZS 56,070.24
OFX 2951.8463 €0.00 TZS 20,662,924.40 −TZS 103,833.79
TapTap Send 2930.0000 €0.00 TZS 20,510,000.00 −TZS 256,758.19
Exchange rateFeeRecipient getsDifference
Mid-market rate 2968.6533 – TZS 20,780,573.02
Regency FX Cheapest 2960.6379 €0.00 TZS 20,724,465.47 −TZS 56,107.55
OFX 2953.8100 €0.00 TZS 20,676,670.15 −TZS 103,902.87
TapTap Send 2930.0000 €0.00 TZS 20,510,000.00 −TZS 270,573.02
Exchange rateFeeRecipient getsDifference
Mid-market rate 2968.0659 – TZS 20,776,461.51
Regency FX Cheapest 2960.0522 €0.00 TZS 20,720,365.06 −TZS 56,096.45
OFX 2953.2256 €0.00 TZS 20,672,579.20 −TZS 103,882.31
TapTap Send 2950.0000 €0.00 TZS 20,650,000.00 −TZS 126,461.51
Exchange rateFeeRecipient getsDifference
Mid-market rate 2976.2881 – TZS 20,834,017.02
Regency FX Cheapest 2968.2522 €0.00 TZS 20,777,765.18 −TZS 56,251.84
OFX 2961.4067 €0.00 TZS 20,729,846.94 −TZS 104,170.08
TapTap Send 2950.0000 €0.00 TZS 20,650,000.00 −TZS 184,017.02
Exchange rateFeeRecipient getsDifference
Mid-market rate 2965.1434 – TZS 20,756,003.56
Regency FX Cheapest 2957.1375 €0.00 TZS 20,699,962.35 −TZS 56,041.21
OFX 2950.3176 €0.00 TZS 20,652,223.54 −TZS 103,780.02
TapTap Send 2950.0000 €0.00 TZS 20,650,000.00 −TZS 106,003.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 2963.6938 – TZS 20,745,856.89
Regency FX Cheapest 2955.6919 €0.00 TZS 20,689,843.08 −TZS 56,013.81
TapTap Send 2950.0000 €0.00 TZS 20,650,000.00 −TZS 95,856.89
OFX 2948.8754 €0.00 TZS 20,642,127.61 −TZS 103,729.28
Exchange rateFeeRecipient getsDifference
Mid-market rate 2963.6938 – TZS 20,745,856.89
Regency FX Cheapest 2955.6919 €0.00 TZS 20,689,843.08 −TZS 56,013.81
OFX 2948.8754 €0.00 TZS 20,642,127.61 −TZS 103,729.28
TapTap Send 2940.0000 €0.00 TZS 20,580,000.00 −TZS 165,856.89
Exchange rateFeeRecipient getsDifference
Mid-market rate 2966.4331 – TZS 20,765,031.72
Regency FX Cheapest 2958.4237 €0.00 TZS 20,708,966.14 −TZS 56,065.58
OFX 2951.6009 €0.00 TZS 20,661,206.56 −TZS 103,825.16
TapTap Send 2940.0000 €0.00 TZS 20,580,000.00 −TZS 185,031.72
Exchange rateFeeRecipient getsDifference
Mid-market rate 2951.3166 – TZS 20,659,216.38
Regency FX Cheapest 2943.3481 €0.00 TZS 20,603,436.49 −TZS 55,779.89
TapTap Send 2940.0000 €0.00 TZS 20,580,000.00 −TZS 79,216.38
OFX 2936.5600 €0.00 TZS 20,555,920.29 −TZS 103,296.09
Exchange rateFeeRecipient getsDifference
Mid-market rate 2939.6135 – TZS 20,577,294.44
TapTap Send Cheapest 2940.0000 €0.00 TZS 20,580,000.00 +TZS 2,705.56
Regency FX 2931.6765 €0.00 TZS 20,521,735.75 −TZS 55,558.69
OFX 2924.9154 €0.00 TZS 20,474,407.97 −TZS 102,886.47

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more TZS per EUR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 4 of the last 30 days.

Right now, TapTap Send pays 20,580,000 TZS on 7,000 EUR, which is 2,705.56 TZS more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 21,038,857.01 TZS.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Tanzania.

We've tracked 78 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

  1. TapTap SendAppeared in 78 comparisons

    Cheapest in 22% of them

  2. Regency FXAppeared in 45 comparisons

    Cheapest in 82% of them

  3. OFXAppeared in 76 comparisons

    Cheapest in 22% of them

Based on 78 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today TapTap Send is the cheapest and gets you the most TZS, but it was the cheapest in only 22% of the 78 comparisons it appeared in over the past month.

Regency FX (today's second cheapest) was the cheapest in 82% of its comparisons, so if you send money to Tanzania regularly, it's worth comparing it with TapTap Send before each transfer.

If it's a one-off transfer, go with TapTap Send, since it's the cheapest right now.

Ways to send money from Germany to Tanzania

There are 8 companies for sending money from Germany to Tanzania, across app, broker, online, multi-currency account, global account, and in person, and more below.

Fastest and easiest way

Online and app transfers

Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.

Sending €7,000 with TapTap Send to Tanzania gets you 20,580,000 TZS with a €0 fee and -0.01% markup.

In our comparisons over the past month, it was the cheapest online service on 21 of the 30 days it quoted.

Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.

For paying in cash at a counter

In-person transfers

There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.

Deposit €7,000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

In general, online transfers are cheaper than sending cash to Tanzania.

For large transfers from Germany

Currency brokers

For buying property, moving to Tanzania, or moving pensions, a currency broker is the best option.

A broker like Regency FX charges no fee and works on a margin. It adds 0.27% on EUR/TZS which gets negotiated the more you send.

And you get an account manager to help you through the process.

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from €7,000 it quoted.

For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.

For making business payments

Global accounts

Global accounts are for businesses making payments to Tanzania.

Be it overseas suppliers and contractors, receiving TZS payments, or holding TZS and EUR in one business account.

Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.

For spending & receiving

Multi-currency accounts

A multi-currency account lets you hold EUR and TZS in one account.

You get TZS bank details, and can receive international payments like rent, dividends, family payments without additional conversions.

You can convert TZS to EUR or EUR to TZS whenever you need.

The best multi-currency account is Revolut, it adds ~1.3% markup and charges small fees.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund EUR and receive TZS in Tanzania

With TapTap Send, paying by debit card and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 20,580,000 TZS.

You can pay for the transfer using debit card, bank transfer, and credit card.

Using German bank

A SEPA bank transfer is usually the cheapest way to deposit EUR.

An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to Tanzania.

The recipient in Tanzania can receive TZS by bank deposit, mobile money, cash pickup, and mobile wallet.

To receive TZS by bank deposit

Enter the recipient's banking details and account holder's name.

Check both before sending because correcting a bank deposit will delay the transfer.

They can receive cash in Tanzania

For cash pickup, the recipient needs to visit the nearest MoneyGram branch and bring a valid photo ID and the transfer reference number.

  1. 1
    Debit card Bank deposit

    You pay €7,000.00

    TSh20,580,000

    Cheapest

  2. 2
    Debit card Mobile money

    You pay €7,000.00

    TSh20,580,000

    TSh0

  3. 3
    Bank transfer Bank deposit

    You pay €7,000.00

    TSh20,521,736

    -TSh58,264

  4. 4
    Debit card Cash pickup

    You pay €7,009.99

    TSh20,167,729

    -TSh412,271

  5. 5
    Bank transfer Cash pickup

    You pay €7,009.99

    TSh20,167,729

    -TSh412,271

Show moreShow less
  1. 6
    Credit card Cash pickup

    You pay €7,009.99

    TSh20,167,729

    -TSh412,271

  2. 7
    Debit card Mobile wallet

    You pay €7,009.99

    TSh20,113,419

    -TSh466,582

  3. 8
    Bank transfer Mobile wallet

    You pay €7,009.99

    TSh20,113,419

    -TSh466,582

  4. 9
    Credit card Mobile wallet

    You pay €7,009.99

    TSh20,113,419

    -TSh466,582

  5. 10
    Credit card Bank deposit

    You pay €7,009.99

    TSh20,055,520

    -TSh524,480

Things to know before sending money from Germany to Tanzania

The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.

Compare EUR/TZS transfer options

For a €7,000 transfer to Tanzania, these are the best options:

Cheapest way to send money to Tanzania

The cheapest option is TapTap Send, funded by debit card with bank deposit for the payout. Your recipient gets 20,580,000 TZS, which is 0.28% more than the next best option.

Fastest way to send money to Tanzania

The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 20,220,783.29 TZS in within minutes.

Transfers over €50,000 may get reported

Germany's AWV reporting threshold is €50,000.

A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.

It is a statistics report, not a tax or permission request.

Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.

The automated AWV notice shown by a bank does not mean every transfer is reportable.

The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.

SEPA and SWIFT are different

If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.

A payment converted into TZS sits outside that pricing rule and may involve another bank or payout partner.

Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.

This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.

How we analyse the market

Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.

We then track 8 of them on EUR to Tanzania, comparing rates, fees and the pay-in and payout options.

In the past 30 days alone, we analysed 78 comparisons across 4 amounts.

This page covers the cheapest and fastest options for EUR/TZS transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on who we are, why you can trust us and how to get started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.