How to send money to Germany from Singapore with the best SGD-EUR rate

The exchange rate determines the price you will pay when buying Euro.

A better exchange rate means more money being sent to Germany.

If you are paying for services in Euro from Singapore, this can make a huge difference.

The current rate between the Singapore Dollar and Euro is 0.6775, and it fluctuates all the time.

The cost of sending money from Germany to Germany, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from SGD-EUR is 0.6775 EUR per Singapore Dollar.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to Germany from Singapore. They charge 20.58 SGD per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Euro is the amount you started with, minus the amount you paid in the exchange and fees.

Here's a tip, if you're making a large transfer, you can also use a forward contract to lock in an agreed exchange rate between Singapore and Germany.

Using a bank transfer to send via money transfer company is the payment method that will get you the best price when sending from Singapore to Germany.

Here are all the ways to send money from Singapore to Germany:

Bank transfers

Bank transfers are often the fastest and cheapest way to send money from Singapore to Germany.

Using a money transfer company such as Wise for payments from Singapore to Germany, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money with a debit card from Singapore to Germany is easy with Wise.


Wise is a leader in debit card money transfers from Singapore to Germany. They are the best option of the 11 transfer companies compared.

Credit cards

When it comes to credit card transfers from Singapore to Germany, we recommend comparing your options to get the best deal.

Ensuring you fully understand regulations in Singapore and Germany will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Singapore and Germany.

Some companies offering money transfers between Singapore and Germany have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare SGD-EUR rates for your specific transfer amount.

For regular transfers to Germany, shopping around each time can make a huge difference.

For sending large amounts of SGD to Germany we'd recommend using Wise. They offer a combination of rates and fees when sending from Singapore to Germany that is the most competitive, even at larger amounts.

There are different options for receiving Euro in Germany.

The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering transfers from Singapore to Germany will offer every method for incoming Euro, so it’s best to check ahead of time.

Again, a comparison of SGD to EUR providers will tell you if the method for receiving is supported.

One of the most common ways to transfer money from Singapore into Germany is by sending directly to a bank account. Wise is the best company for bank transfers between Singapore and Germany.

And if you need cash right away, check if cash pickup is an option for transfers between Singapore and Germany.

P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience but are better for domestic transfers. For receiving international payments they come with more limitations and higher costs compared to money transfer options like multi-currency accounts.

If using a money transfer company to send Euros to Germany, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need more than one.

ID can be verified in Singapore through a government issued ID such as a passport or driver's license.

If the recipient needs an ID to collect money in Germany, it will be similar.

Large transactions between Singapore and Germany, can be subject to additional checks. This includes proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to Germany is their easy sign up process in Singapore.

Sending regular, or larger amounts of money between Singapore and Germany could mean there are tax declarations to consider.

Some transfers into Euro may need to be reported to tax authorities in Germany, particularly where inheritance or property purchases are involved.

Germany has many different tax obligations for residents and non-residents.

When in doubt, please contact a tax professional in Singapore or Germany to discuss your personal circumstances. This ensures you are not missing any specific tax needs associated with your transfer.