Highest remittance rate for converting 1 EUR to GHS = 12.7
It is very easy to send money from Germany to Ghana today thanks to the impact of technology. However, there are some people who have never had a smooth process. With Exchange Rate IQ, you should be able to avoid some obvious uncertainty which can lead to a bad disappointment during money transfer. We provide people who want to transfer money from Germany to Ghana with the right resources required to make the best decision.
Many people are stuck between options when it comes to sending money from Germany to Ghana because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
Considering the size of the annual remittance that is made from Germany to Ghana, it is safe to say that there are a good number of Ghanian migrants in Germany. With a high demand for an excellent international money transfer service, the EUR to GHS exchange has gotten much easier. Keep in mind that money transfers from Germany to Ghana did not start in the 21st century. The impact of technology on international money transfer has made things better allowing money transfer agents to offer a wide variety of service packages to offer.
Sending money today has been simplified and if you want to send money from Germany to Ghana cheaply, you will want to consider the following options.
Cash pick up/delivery: Services like Western Union, MoneyGram, and, Travelex will allow you to send money directly to Ghana for pick up at the designated location. Cash delivery services are considered the fastest way to send money from Germany to Ghana. However, it is good to know that the service cost usually is higher compared to most online money trnasfer services. With technological advancements taking place in the international money transfer field, cash pick up delivery services are today making their services available through apps like the Western Union App that allows you initiate a transfer through your phone.
Bank transfer: Banks are one of the longest existing ways of sending money from Germany to Ghana. That is because, these institutions already had a working system long before technology and any other system. When sending money through bank transfer, it is important for you to make sure that the bank offers updated exchange rates to avoid any inconveniences. It is also good to know that a bank transfer can take anything between 24hours to five days depending on the speed of service. It is advisable to identify a bank that operates in both countries or already provided the service for a better experience.
Online money transfer services: According to users, this is the cheapest way to send money from Germany to Ghana with services like XE Money and XendPay allowing you to send money free of charge. The good thing with money transfer apps is that they are intergratable and you can even make payments directly from your bank account or smart card. The only problem with o line money transfer services is that they are way too many in the market making it hard to tell apart genuine agents from fake ones. It is also good to know that not all online money transfer options in Germany are available in Ghana. Through our platform, you can quickly identify top options according to sellers which include; Remitly, WorldRemit, Xoom, TransferWise, and Azimo.
Although there are many ways of transferring money from Germany to Ghana, some people still fail to enjoy a successful transfer because they fail to pay attention to the following;
Customer reviews: This is the only way that you can be able to get the opinions of people who have actually used the service. That way, you can know what to expect from the service first hand. There are plenty of resources where you can access customer’s opinions and reviews including our website.
Service cost: One mistake that many people make is initiating cross boarder transfers without considering the cost if service. As a result, they end up sending less money or in worse scenarios, they fail to transfer the money because they cannot afford it. Knowing if the receiver will be charged on withdrawal is also someting to confirm.
Duration of transfer: As stated, it can take a few minutes or even days to send money from Germany to Ghana. This means you have options but always know that the fastest way to send money from Germany to Ghana will cost more than the slow and free options. Knowing the service duration will help you know which service to use depending on why you are sending the money.