Germany is home to millions of expatriates, with significant remittance flows sent globally each year. For many, choosing the right money transfer service isn’t just about convenience—it's about maximising how much of your hard-earned money reaches loved ones abroad.

While Remitly is a popular choice, exploring alternatives that offer better rates, faster transfers, or more flexible options could save you more in the long run.

In this blog, we’ll explore the top alternatives to Remitly for international money transfers from Germany, helping you find the best option for your needs.

1. Vance

Vance is a solid option for international money transfers, especially for those who want a simple, user-friendly experience combined with competitive rates. Designed for NRIs (Non-Resident Indians) by Indians, Vance is rapidly expanding its appeal globally.

• Google Exchange Rates: Get the exact currency exchange rates you see on Google - with no markups, ensuring you save more. 
• Flat £3 Transfer Fee: No hidden charges or fluctuating fees—just a straightforward, low-cost service.
• Wide Currency Support: Vance currently supports transfers in GBP, EUR, AED, and INR, with more options coming soon.
• User-Friendly Interface: Designed for ease, even first-time users can navigate effortlessly.
• Secure Transfers: Advanced encryption keeps your money safe at every transaction stage.

With over 140,000 NRIs already saving on fees, Vance is ideal for those looking for a blend of simplicity, security, and affordability.

2. Wise (formerly TransferWise)

Wise is known for its transparency, particularly with exchange rates and fees, making it a popular choice for those wanting to avoid hidden charges.

• Real Exchange Rates: Uses the mid-market rate, the fairest available exchange rate.
• Low, Transparent Fees: Fees range from €0.41 to €1.9, depending on the transfer amount and destination.
• Multi-Currency Support: Hold and manage over 50 currencies in a single account.

Wise is perfect for users who prioritise saving on transfer costs by avoiding inflated exchange rates.

3. XE

XE is another excellent alternative, especially if you're looking for a service with a strong reputation and competitive pricing.

• Competitive Exchange Rates: XE offers some of the best exchange rates available.
• Low Transfer Fees: XE charges a small fee, typically starting around €2 for most transfers from Germany, with additional fees possible for credit card payments. Bank transfers are fee-free but may take longer to process​
• Fast Transfers: Many transactions are completed within 24 hours.
• User-Friendly Mobile App: Real-time tracking and easy navigation through the XE app.

4. OFX

OFX is a standout choice for larger money transfers, offering low or no fees on more substantial amounts.

• No Fees on Large Transfers: Typically, transfers above €10,000 are fee-free.
• Competitive Exchange Rates: OFX provides better rates for more significant amounts.
• 24/7 Customer Support: Access to customer service whenever you need it.

5. WorldRemit

WorldRemit is known for its flexibility in payout options, making it an excellent choice for sending money to regions with limited banking infrastructure.

• Flexible Payout Options: Recipients can receive funds through bank deposits, cash pickups, mobile money, or airtime top-ups.
• Fast Transfers: Most transactions are completed within minutes.
• Affordable Fees: Fees usually start from €3.99, depending on the payout method and destination.

In Conclusion

Choosing the right money transfer service is essential for ensuring your loved ones receive as much of your hard-earned money as possible.

While Remitly is a reliable option, alternatives like Vance, Wise, XE, OFX, and WorldRemit offer unique advantages such as better rates, lower fees, and more flexibility. Consider your specific needs to select the best service for you.

Enjoy Money Transfers from Germany to India with Vance

Experience lightning-fast money transfers from Germany to India with Vance. Get real-time Google rates on all your money transfers with absolutely no hidden fees—no surprises, just the best deals.

Stay ahead with our exclusive rate alerts, tracking the EUR to Rupee so you can send money at your desired rate. Join a savvy community of over 100,000 NRIs who’ve collectively saved more than ₹50 Cr in transfer fees.

Sources

• Wise: wise.com
• Vance: vance.tech
• WorldRemit: worldremit.com
• XE: https://www.xe.com/
• OFX: https://www.ofx.com/en-au/

Disclaimer 

This content is for general informational purposes only and should not be taken as financial, legal, or professional advice from Vance or its affiliates. While we strive for accuracy, the information may change over time. Vance makes no representations, warranties, or guarantees, whether express or implied, regarding the information's accuracy, completeness, or reliability. The comparison is based on publicly available data and is intended to assist users in making informed decisions. It is not a substitute for professional advice or consultation with financial experts. Please review your region's terms of use and product availability or visit the service provider's website for the latest pricing and service information.

FAQs

Q1. What payment options are available with these alternatives in Germany?

Most services support bank transfers, debit cards, and credit cards for sending money from Germany.

Q2. How do these Remitly alternatives manage exchange rates for transfers from Germany?

Services like Wise and XE offer real-time, mid-market rates, while others may apply a small margin on the exchange rate.

Q3. Are there German regulations that affect the use of these Remitly alternatives?

All services must comply with Germany's financial regulations, ensuring secure and transparent transactions.

Q4. What is the typical processing time for transfers with these alternatives in Germany?

Transfer times vary. Some services, like WorldRemit, offer instant transfers, while others may take up to 24 hours.

Q5. How do customer support services compare among these Remitly alternatives in Germany?

Most providers offer 24/7 customer support through phone, chat, or email, ensuring help is available when needed.