How to Send Money to Germany from Canada?

Knowing how to find the best way to purchase Euros will help you get great value and reduce the cost of currency conversions. 

If you have suppliers or customers in Germany, your business cash flow is undoubtedly dependent on keeping your profit margins predictable. A Euro purchase order or invoice payment with just a few cents in currency exchange rate fluctuations can affect the transaction by thousands of dollars.

Do the math: If you purchase a shipment of German auto parts for your business worth 50,000 Euros, a currency fluctuation of just 3 cents in the Euro exchange rate could result in a $1,500 loss or gain depending on how the currency moves.
 

How to transfer money from Canada to Germany?

The two most common approaches for sending money from Canada to Germany include an online money transfer service or relying on a traditional bank. Below, you'll find a step-by-step procedure for executing a money transfer from Canada to Germany;

Choose your method: If you are looking for a quick and easy way to transfer funds, then an online money transfer service may be the best option. However, if you prefer the conventional approach and do not need your funds immediately, then it may be best to use your bank or pre-paid card instead.

Gather the necessary information: Depending on which method you have chosen, you will need certain pieces of information to complete the transaction. For example, if using an online money transfer service or bank, you will need the recipient’s bank details and contact information.

Initiate the transfer: Once all of the required information has been provided, initiate the transfer and wait for it to be completed (this could take anywhere between one day to one week depending on which method you choose).

Track your transfer: Once you've initiated the transfer, it's essential to monitor its progress to confirm its arrival in the destination country. This tracking process is typically available through most online services and can also be facilitated by your bank.
 

What is the best way to send money to Germany?

When sending funds to Germany or any other destination, minimizing the discrepancy between what you send and what your beneficiary receives is crucial.

Unfortunately, relying on banks or traditional financial institutions for fund transfers can lead to unfavorable exchange rates and hefty international bank transfer fees, making the process less cost-effective.

The good news? With MTFX, you have a straightforward and cost-efficient solution to send money from Canada to Germany.

It's never been easier. With a quick sign-up process, competitive currency rates, rapid transfers, and state-of-the-art technology ensuring seamless transactions, you can now bypass the costly transfer fees imposed by banks. Plus, you'll receive personalized guidance to facilitate the secure and efficient movement of your funds to the intended destination.
 

What is a good EUR/CAD exchange rate for sending money?

Save thousands of dollars on international money transfers by securing the best exchange rates available. When conducting global business, knowing where to exchange currency is paramount. You have two primary options: your bank or a foreign exchange (FX) specialist like MTFX.

While banks may seem convenient, they often offer less favorable EUR/CAD rates and charge hefty transfer fees, sometimes as high as CAD 150.00 per transaction. These fees can quickly accumulate with frequent transfers. In contrast, MTFX prioritizes personalized service and strong client relationships. We are committed to offering competitive exchange rates and minimal transfer fees, empowering clients to maximize the value of their international transactions.
 

Who can use MTFX to send money to Germany?

Both companies and individuals can use MTFX to transfer money to Germany.
 

Why do individuals send money to Germany from Canada?

Individuals typically send money to Germany from Canada for the following reasons;

• Making purchases in Germany
• Buying homes or businesses
• Investing in Germany
• Relocating to Germany
   

Why do companies send money to Germany from Canada?

Companies typically send money to Germany from Canada for the following reasons;

• Making supplier payments in Germany
• Purchasing goods and services
• Settling financial transactions
• Investing in Germany
   

What bank details are needed to transfer money to Germany?

When sending money to Germany from Canada, you will need;

• Beneficiary's name
• Beneficiary's address
• Beneficiary's account number
• Bank's name
• Bank's Swift code
• Bank's address
• Reason(s) for transfer
   

Can I set up a regular money transfer to Germany?

Once your business account is set up with MTFX, you can easily schedule money transfers to Germany. Our platform utilizes cutting-edge automation technology to streamline your payments, offering accessibility from anywhere, at any time, all while ensuring secure and swift transaction processing.
 

How to send money to Germany from Canada with MTFX?

The most optimal way to send money to Germany is by choosing the quickest method with the lowest transaction charges. When dealing with German suppliers,  it is easier to pay them in Euros. Paying your European supplier in Canadian dollars or U.S. dollars entails currency conversions and foreign currency conversion charges, leading to unnecessary costs for your overseas purchase.

Sending money to Germany from Canada has never been easier thanks to MTFX, a trusted provider of money transfer services. With MTFX, you can make seamless international payments without worrying about hidden charges or complications. To discover just how efficient it is, follow the simple steps outlined below:

• Visit our website.
• Register with the necessary information
• Specify the amount you wish to send and review the fees and exchange rates (CAD/German Euro).
• Entrust the task to MTFX, and they will take care of the rest.  
    
   

Send money to Germany now

Whatever your reason for wanting to transfer money to Europe is, you can save money with MTFX.

How efficient is it? Turnaround is fast, and you can set up Euro transfers for supplier payments, purchase of goods, property purchases, monthly mortgage payments, and even Euro tuition payments for those studying in Europe.

What help do I get? You also get free expert guidance from a personal account manager throughout the process.

How secure is it? A secure online platform is available 24/7, that means you can send payments whenever you need to.  

Open an account today with MTFX and enjoy competitive exchange rates, low transfer fees, and quick international money transfers.

FAQs

1. How can I send money from Canada to Germany?

Sending money from Canada to Germany has become more convenient in recent years. While traditional, bank transfers often come with high fees for international transactions. Consider using services like MTFX, which provide competitive exchange rates and lower fees compared to banks.

2. How long will it take to transfer money from Canada to Germany?

It depends on the method you choose to send funds. However, if you send money with a service like MTFX, it typically takes 1-2 business days for the funds to arrive in the recipient's account. 

3. How much does it cost to transfer money to Germany?

With MTFX, you can send money abroad for as little as $15 in transfer fees. Plus, transactions over $10,000 incur no additional fees, making MTFX significantly more affordable than banks, which may charge up to $50 for the same service. 

4. Is it safe to send money to Germany from Canada online?

Indeed, when you choose MTFX, you can rest assured that your online money transfers to Germany are in safe hands. It is officially registered and regulated by FINTRAC, guaranteeing the highest levels of safety and security.