SEND MONEY FROM GERMANY TO INDIA..

I have money transfer experience (dollars / pounds / euros) for over 3 years now and I have used all major services mentioned here. And I would weigh in pros and cons of each service to help you ultimately decide your go-to money transfer service.

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Pros & Cons of each service:

xendpay

Pros:

· Decide your own transfer rate

· Guaranteed Exchange Rate

· Supports transfers to NRE & NRO accounts (in India)

· Signing up using the referral link will enroll you to receive the promotional bonus ( 10 USD / Euros / GBP as joining bonus – refer my blog for details)

Cons:

· Instant service not available

· You have a daily and half yearly sending limits, which can be raised based on the usage (You can request to raise those limits by sharing required documentation )

Note: XendPay gives promotional gift cards to referred new customers. It normally 10USD/ Euros/GBP, based on their referral policy.

Remitly

Pros:

· No fees on transfers over $1000 /1000 GBP / 1000 Euros

Cons:

· Fee of $/£/ Euros 3.99 for transfers below $/£/Euros 1000

· Take 3 business days to transfer from your Bank account

· Instant deposit rates are not better than others

· 3% fee on Credit Card transactions

· You have a daily and half yearly sending limits, which can be raised based on the usage (You can request to raise those limits by sharing required documentation as it is required by the Law

Note: Remitly promotional value is adjusted in their first time transfer rate. You’ll have a much better rate for your first transfer which equates to approx. $/£/Euros 20 if you transfer $/£/Euros 2500.

1. Transferwise 

Pros:

· Current mid-market exchange rate, as you can see on XE .com

· Customers have transferred $4.5bn using the platform

· Price Match Guarantee

· Available as an app on iOS & Android

· Signing up using the referral link will enroll you to receive the promotional bonus (Zero fees for your first transfer, limits apply)

Cons:

· No transfers are free.

· You are always charged a 0.9% of your total transfer amount, which brings down the effective transfer rate

· The transfer takes about 3 days and for some new customers it can take upto 5 days, however your committed rate remains same as of the transaction date

· You have a daily and half yearly sending limits, which can be raised based on the usage (You can request to raise those limits by sharing required documentation as it is required by the US Law)

Note: TransferWise gives promotional benefits to referred new customers. Your first transfer fee is waived off (transfer limits apply).

1. azimo

Pros:

· Signing up using the referral link will enroll you to receive 10 GBP / 10 USD / 10 Euro Joining bonus (Zero fees for your first transfer, limits apply)

Cons:

· Heavy Credit Card Fees

· You have a daily and half yearly sending limits, which can be raised based on the usage (You can request to raise those limits by sharing required documentation)

Note: Azimo offers joining bonus to newly referred customers (terms & conditions change periodically).

Transfergo 

Pros:

Money-back guarantee

Cash pickup available in India

Available as an app on iOS & Android

Promotional rates available for new users periodically

Cons:

· Rate for instant bank transfers is too less compared to Azimo / Remity

·

You have a daily and half yearly sending limits, which can be raised based on the usage (You can request to raise those limits by sharing required documentation )

Note: First time TransferGo users get free transaction

I am not directly affiliated to any of these services mentioned here, but I have personally used all these services for money transfer, and thus I am vouching for them. That is also a reason why I have not covered many other such services.