Best Options to Send Money to India from Germany in 2024

In today’s globalized world, sending money internationally has become easier than ever, especially with the rise of fintech apps. If you're living in Germany and need to send money to family, friends, or business associates in India, you're in luck—there are plenty of great options available. In this article, we'll review some of the best money transfer services and apps, focusing on the ones that offer competitive exchange rates and low fees.

1. Paypenny

One of the top choices for sending money from Germany to India is Paypenny. It is a widely trusted platform known for offering excellent exchange rates with minimal fees. Paypenny stands out for its user-friendly app interface and transparent fee structure.

• Exchange Rate: Paypenny typically offers one of the best exchange rates in the market, which ensures you get more INR for your EUR.
• Transfer Time: Most transfers are completed within 24 hours.
• Fees: Low to no fees, depending on the transfer amount.
• Availability: Paypenny is available as an app for both iOS and Android users.

Visit Paypenny for more details and to start sending money.

use this code bP0Y5NE0 and receive 10 euro off on first transfer.

2. Ria Money Transfer

Ria Money Transfer is another solid option for sending money to India from Germany. Known for its vast network and quick transactions, Ria is favored for providing high exchange rates and a reliable service.

• Exchange Rate: Ria is competitive, often matching or exceeding traditional banks.
• Transfer Time: Instant to 3 business days, depending on payment method.
• Fees: Typically lower than traditional banks, but it depends on the amount sent and the transfer speed chosen.
• Availability: Ria has a mobile app for both Android and iOS, making transfers easy on the go.

Check out Ria Money Transfer for their latest offers and rates.

3. Skrill

Skrill has been a reliable option for international money transfers for years. Known for its speed and security, Skrill is a popular choice among users who prioritize convenience and reasonable rates.

• Exchange Rate: Skrill provides competitive rates, though sometimes slightly lower than Paypenny or Ria.
• Transfer Time: Most transfers are completed within 1-2 business days.
• Fees: Skrill charges around 1.45% for transfers, but this can vary based on the transfer method.
• Availability: Available as an app on Android and iOS, Skrill also offers additional features such as a prepaid debit card.

Visit Skrill to explore more about their services and fees.

4. Wise (Formerly TransferWise)

Wise, previously known as TransferWise, is well-known for its transparent fees and mid-market exchange rates. Wise is perfect if you're looking for a no-nonsense service with low fees.

• Exchange Rate: Wise uses the real mid-market rate, which is generally the best rate available with no markup.
• Transfer Time: Transfers typically take 1-2 business days, but it can be quicker if paying via bank transfer.
• Fees: Wise charges a small percentage fee based on the transfer amount, but this is clearly displayed before you complete the transfer.
• Availability: Wise is available through a mobile app and website, and it's trusted by millions worldwide.

Learn more at Wise and get started with your transfer today.

5. Remitly

Remitly is another user-friendly platform for sending money to India. It offers two delivery speeds: Economy and Express, depending on how fast you need the money delivered.

• Exchange Rate: Remitly provides a competitive exchange rate, especially if you choose the Economy option.
• Transfer Time: Express transfers are nearly instant, while Economy transfers can take 3-5 days but with lower fees.
• Fees: Remitly’s fees vary based on transfer speed, but they are generally affordable.
• Availability: Available as a mobile app and through their website.

Visit Remitly to see current rates and start sending.

Key Factors to Consider When Choosing a Money Transfer Service

When choosing the best way to send money to India, you should take several factors into account:

• Exchange Rates: This can vary from service to service. Even a slight difference in rates can lead to significant savings on large transfers.
• Fees: Always check the fee structure. Some services offer "no-fee" transfers, but the exchange rate might be less favorable.
• Transfer Time: Depending on how urgently you need to send money, transfer times can range from instant to a few days.
• Security: Ensure the platform is regulated and provides encryption for your sensitive financial information.

Conclusion

Choosing the best app to send money from Germany to India largely depends on your priorities. For the best exchange rates, Paypenny and Wise are excellent options. If you’re looking for speed, Ria and Remitly are hard to beat. Meanwhile, Skrill offers a well-rounded experience with competitive rates and additional features like a prepaid card.

Whichever service you choose, make sure to compare rates and fees before making a transfer to ensure you get the best deal.