How to Send Money from Germany to Russia

Ways to send money from Germany to Russia

The best way to send money from Germany to Russia

Remitly is the best way to send money to Russia from Germany. This is based on cost, speed, and how easy it is to use.

We analyzed 4 providers that allow EUR to RUB transfers. Remitly emerged as the best option in 51.2% of searches.

How to send money from Germany to Russia

Follow these steps to send money between Germany and Russia

1. Choose your provider. Register with the provider of your choice by clicking on the link above.

2. Enter your details. Enter your details and provide any of the documents needed.

3. Start your transfer. Tell your provider that you'd like to send money from Germany to Russia, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from Germany to Russia once it's been sent. Make sure all the details are correct before you submit.

5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from Germany to Russia

The cheapest way to send money from Germany to Russia is Remitly. On average, transfers from Germany to Russia with Remitly cost €, making them 0 cheaper than their nearest competitor.

Remitly has been the cheapest way to send money from Germany to Russia for the last three months, on average.

Just to make you aware, Debit/Credit Card was the cheapest payment method.

The current mid-market rate between EUR and RUB is 100.161424. The rate the time you transfer will impact your overall cost. As an example, Remitly has averaged -0.47% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

Note: The cheapest way to send money isn't always the fastest

Remitly is the cheapest way to send money from Germany to Russia, but make sure the timeframes work for you.

How the cost of sending money to Russia from Germany is calculated

The cost of sending money from Germany to Germany depends on several things, including:

The mid-market rate

The current mid-market rate between EUR and RUB is 100.161424. The rate the time you transfer will impact your overall cost. As an example, Remitly has averaged -0.47% 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 Russia and Russia. This is why Instarem is listed as our cheapest option - they offer the best combination of Euro to Russian Ruble rates (2.33) and fees ().

Bank transfers from Germany to Russia

Bank transfers are the most common way of sending EUR to Russia as they are secure, reliable, and convenient.

If you want to send Euros to Russia via bank transfer, Deutsche Bank has been the top rated provider in our comparison system for the last three months, recommended 95% of the time.

That’s because companies like Deutsche Bank bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, Deutsche Bank's transaction fees for Euros into Russia have averaged at 9.92 for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from Germany to Russia

Credit card payments are 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 Euros to Russia with a credit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 3.8% of the time.

Note: Beware of charges

Credit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.

Debit card payments from Germany to Russia

Debit card payments let you send money from the Germany to Russia with the similar convenience of a credit card, and there are usually no tax advance fees. That said, 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 Euros to Russia with a debit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 3.8% of the time.

Finding the best exchange rate for EUR to RUB

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many RUBs you can get for your EURs. The average Euro to Russian Ruble mid-market rate over the last month was 99.9104, with a low of 98.8812 and a high of 100.9837.

For comparison, the best exchange rate for EUR to RUB right now is through Remitly, at a difference of 0%.

How we find the best transfer deals from Germany to Russia

We’ve compared the cost, speed, and product offering of the top money transfer services (including Remitly) available between Russia and Germany. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Euro to Russia, 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.