public area, pre-security zone. Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Private brokers offer commission free currency transfers, typically over a value of 5000. Their location offers convenience, but youll pay for this in higher fees. Skip to: Germany Money Transfer Specialists Typically, sending funds to or from your Hypovereinsbank account in euros, the UK pound or US dollar overseas bank account will involve a margin rate.9 much higher than most currency broker rates (typically.7.0). Join Date: Jan 2005, posts: 363, currency exchange.
Not only does TransferWise use the real mid-market exchange rate to convert your money (which almost always beat the banks but since your currency is received and sent via local banking systems in both your home country and in Germany, all those nasty international bank. Things to know before exchanging your money. To avoid getting ripped off, find one of these instead. OR, they will advertise "no commission" but give you a poorer exchange rate. Munich, airport Center (Lvl 03 public area, Terminalstrasse. If youre planning a visit to the festival, or to enjoy the citys beauty at any other time of the year, this is your guide to the best places bond day trading strategy stocks to exchange your money. More as nytraveler mentions, a function of a more sophisticated/safer economy/banking system than in the less developed countries. In europe - as in the US - almost all banking (and the rest of the economy) is electronic.