Two Different Ways to Transfer Money from Germany to India Online

Two Different Ways to Transfer Money from Germany to India Online


Online fund transfers between Germany and India come with several benefits over offline transfers. Read this post to know the two common ways in which you can send funds to India in a secure and hassle-free manner.

Online transfers have eliminated the need for NRIs in Germany to visit any offline money transfer agent. They are quick, cost-efficient, and highly secure too.

Moreover, with most offline transfer agents, your recipient is required to visit the nearest branch office of the service provider in India for collecting cash. But with online transfers, the funds get deposited directly into the Indian bank account of your recipient.

If this is the first time that you are planning to send funds from Germany to India online, you should know the two common ways in which such transfers work. The first method is using a payment gateway, and the second is transferring funds from your local bank account in Germany to the local bank account of your service provider.

Take a look at how these methods work-

1. Online Payment Gateway

Transferring funds between Germany and India through a payment gateway is as simple as paying utility bills online. You need to visit the online portal of the money transfer service provider and enter the details of your recipient. Enter the EUR that you’d like to send to India and confirm the transfer.

You will then be redirected to the online portal of the selected payment method. Complete the transaction and your money transfer to India will be initiated.

2. Bank Deposit

In this method, you are required to first initiate the transfer from the online portal of the service provider and then fund your transfer from your local bank account. You will find local bank account details of the service provider on their website. You then need to send the same amount of EUR from your local German bank account to the local German bank account of the service provider.

Once the service provider receives the funds, your money transfer to India will be initiated. Note that you will have to enter the tracking number received from the service provider at the time of funding the transfer.

Which Method Should You Select?

As can be seen, both the methods to transfer money from Germany to India online are super convenient and quick. The selection between the two is only a matter of personal preference. But note that while online transfers are known to be highly cost-efficient, the transfer fee for payments through payment gateways is higher than the local bank deposit method.

So, once you have selected a reputed money transfer service provider, do check the transfer fee for both the methods before choosing one.

What If You Do Not Have a Local Bank Account in Germany?

If your bank account is not in Germany but some other Eurozone country, you can make use of SEPA (Single Euro Payments Area) transfers for transferring funds to the local bank account of the service provider. Most banks in the Eurozone do offer an online SEPA transfer facility.

But note that SEPA transfers can take up to 3 days. Alternatively, you can also use the SWIFT wire transfer method for completing the transaction.

Sending Money to India from Germany Online

Even if this is the first time that you are about to send funds to India from Germany online, you should be able to do it conveniently without any major hassles. Reputed service providers also offer customer support through phone and email to help customers get instant answers to their queries.

Make sure that you do check the transfer process in detail at the official website of the service provider to avoid any confusion and errors.

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