Rutland FX is Rated ‘Excellent’ on Google & Trustpilot

Straightforward and hassle-freeAmin Shaikh

The entire process, from making trades to handling the required documentation, is straightforward and hassle-free. Rutland FX has made currency exchange seamless and efficient for me. All in all, this company is fantastic, and I highly recommend their services!

Outstanding Service and Competitive RatesElliot Robertson

I am thoroughly impressed with the service and competitive rates provided by Rutland.FX. Their professionalism and efficiency have exceeded my expectations, and I am confident in continuing to use their services in the future.

A Great Efficient ServiceArz Ozlem

A great efficient service we used to pay for our abroad wedding. Leigh was incredibly helpful and talked me through the whole process. Felt reassured throughout and will be using their service again for future payments. I would highly recommend!

Easy to use Money Transfer PlatformKerry

Easy to use money transfer platform with great rates! Highly recommend.

Better Rates Than My BankEbony Reid

Better rates than my bank and the transfer arrived quickly. Customer service was amazing! Definitely using again!!!

The Portal Was Easy to use!Leonie Haynes -Moses

Great customer service, they walked me through the process and the portal was easy to use!

Excellent and Efficient CompanyMichael Fennell

I can without any doubt in my mind recommend this company as a trusted partner in transferring your funds between countries.

We Have Used Rutland For Around 5 YearsPaul Forsyth

We have used Rutland for around 5 years now and have always found them prompt, efficient and Happy to recommend!

Excellent ServiceIstvan Bartok

Rutland has consistently provided me with excellent service. Their support team is responsive, and their rates are competitive.

Good Personal ServiceKirsty Murphy

Good personal service at competitive rates, been using Rutland for over 3 years now and always dependable and responsive

Compare Exchange Rates for Buying €25,000 Euro

rutlandfx

Rutland FX Fee & Exchange Rate

Payment Fee: NONE

Exchange Rate: 1.2058 The exchange rate displayed for Rutland FX is an indicative rate. The rate you will receive from us is volume dependent. To get a live quote, please log into your account or contact our sales team.

Cost for €25,000 EUR

£20,732.32

barclays

Barclays Fee & Exchange Rate

Payment Fee: £25

Exchange Rate: 1.1727 The exchange rates shown for this bank are for comparative purposes only. Actual rates may vary for more information about this data please click here

2.75% below the mid-market rate

Cost for €25,000 EUR

£21,293.58

Save up to £561.26 with Rutland FX


HSBC Fee & Exchange Rate

Payment Fee: £5

Exchange Rate: 1.1721 The exchange rates shown for this bank are for comparative purposes only. Actual rates may vary for more information about this data please click here

2.8% below the mid-market rate

Cost for €25,000 EUR

£21,324.54

Save up to £592.23 with Rutland FX


natwest

NatWest Fee & Exchange Rate

Payment Fee: £15

Exchange Rate: 1.1576 The exchange rates shown for this bank are for comparative purposes only. Actual rates may vary for more information about this data please click here

4% below the mid-market rate

Cost for €25,000 EUR

£21,581.16

Save up to £848.85 with Rutland FX


santander

Santander Fee & Exchange Rate

Payment Fee: £25

Exchange Rate: 1.1757 The exchange rates shown for this bank are for comparative purposes only. Actual rates may vary for more information about this data please click here

2.5% below the mid-market rate

Cost for €25,000 EUR

£21,238.91

Save up to £506.60 with Rutland FX


Lloyds Fee & Exchange Rate

Payment Fee: £9.50

Exchange Rate: 1.1630 The exchange rates shown for this bank are for comparative purposes only. Actual rates may vary for more information about this data please click here

3.55% below the mid-market rate

Cost for €25,000 EUR

£21,485.90

Save up to £753.59 with Rutland FX


The table above is a currency exchange comparison to illustrate the cost in pounds for buying 25,000 Euro with Rutland FX against various high street banks to help you compare exchange rates. For more detailed information about the data shown in this table, please see our comparison information page.

How We Keep Your Money Safe

FCA-Regulated

FCA Regulation

Rutland FX is a UK-based FinTech company incorporated in 2016. Rutland FX is powered by Currencycloud, a Visa subsidiary. Currencycloud is regulated by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI) under firm reference number 900199.

Onfido

Account Security

To secure your account, we implement strong customer authentication in compliance with the Payment Services Regulations 2017. We use Onfido for identity verification and fraud prevention, ensuring the authenticity of government-issued IDs.

2-Factor

Multi-Factor Authentication

Access to your Rutland FX account requires Two-Factor Authentication (2FA) via Authy or SMS. Outbound payments to new payees will also require Two-Factor Authentication (2FA) for added security.

How to Send Money to Germany with Rutland FX?

Sending money to Germany with Rutland FX is simple. Both businesses and individuals can sign up for a free account, provided they meet the criteria on our application guidelines page. Once your account is set up, you can make currency conversions and money transfers directly on our platform or by contacting your account executive.

dashboard-2-Hero-rutland
EUR-Multi-Currency-Account

What Details Do I Need for a Transfer to Germany?

To send money to Germany with Rutland FX, you have two options: SEPA or SWIFT.

For SEPA, you will need:

  • IBAN: The recipient’s International Bank Account Number.
  • Recipient’s Name and Address

For SWIFT, you will need:

  • IBAN: The recipient’s International Bank Account Number.
  • SWIFT/BIC Code: Identifies the recipient’s bank internationally.
  • Recipient’s Name and Address

You can easily validate and save these account details on the platform for future use.

What is the Fastest Way to Send Money to Germany?

The fastest way to send money to France is via SWIFT GPI. This method is highly efficient, with 40% of payments arriving in less than 5 minutes and most payments arriving within 24 hours. In some cases, you can even make an instant international payment to France in EUR. SWIFT GPI also provides easy tracking of your payments through the SWIFT network, ensuring transparency for your international bank transfers. You can monitor your payment directly on our platform.

To make a payment via SWIFT GPI with Rutland FX, simply select ‘Priority Payment.’ If SWIFT GPI is available for your transaction, it will be enabled automatically, allowing you to make a quick international money transfer at no additional fee.

what-is-SWIFT-GPI
rutland-payees

How Long Will It Take for the EUR to Arrive?

The duration of international bank transfers to Germany depends on the payment rail and correspondent banks involved. Generally, payments sent to Germany with Rutland FX in EUR via SWIFT arrive within a few hours, with almost 100% arriving within 24 hours. SEPA transfers, on the other hand, may take 1-3 days to complete. The receiving bank’s processing times can also affect how quickly the funds become available.

If you need the funds to arrive quickly, it’s best to select ‘Priority Payment’ on the platform. However, if you’re not in a hurry, you can choose ‘Regular Payment.

Open a UK-Based EUR Account

Rutland FX offers UK-based EUR multi-currency accounts in your name or your business’s name, designed to simplify managing your EUR transactions. Whether you’re a business handling German transactions or an individual with financial interests in Germany, our accounts provide a convenient solution. You can hold and manage EUR balances, simplifying cash management and reconciliation. Receiving funds from Germany into your Rutland FX account is easy, and you can convert them back to GBP as needed. For outbound payments, you can hold EUR in your account until you’re ready to send it out.

Free_Multi_Currency_Accounts

Start Sending Money to Germany with Rutland FX

Sign Up Online

Tell us about yourself! Are you a business or a private individual? What countries do you plan to send or receive money from, what currencies do you need, and what volumes do you expect to send with Rutland FX?

Onboarding Review

Our dedicated onboarding team will review your application quickly and inform you if we need any additional information, such as an ID or a bank statement. Once that’s sorted, your account will be activated and ready to go!

Send Money Globally

You’re all set! Enjoy transferring money to over 170 countries and receiving funds in over 35 currencies from more than 120 countries, all with no payment fees and competitive exchange rates.

Ready To Get Started With Rutland FX?

Get Started
Landing-Hero-rutland

FAQs: Sending Money to Germany

 

What is an IBAN and SWIFT/BIC Code for Payments in EUR?

When sending money to Germany via SEPA or SWIFT, the IBAN and SWIFT/BIC Code are required. These codes help identify the recipient’s bank and specific branch in Germany, ensuring the money is directed correctly.

  • IBAN: The recipient’s International Bank Account Number. For example, an IBAN could be “DE89 3704 0044 0532 0130 00”.
  • SWIFT/BIC Code: Identifies the recipient’s bank internationally. For example, a SWIFT/BIC Code could be “DEUTDEFF”.
  • Recipient’s Name and Address
What is the Difference Between SWIFT and SEPA Euro Transfers?

The SWIFT network is the primary method Rutland FX uses for facilitating international payments because it offers speed, traceability, and recallability. With SWIFT, we can track payments along their journey, monitor their delivery status, and there are no limits on the amount you can transfer.

SEPA (Single Euro Payments Area) transfers are used for payments to or within the Eurozone. SEPA transfers typically take 1-3 days to complete and are designed for ease of transactions within Europe. Unlike SWIFT, SEPA transfers may not offer the same level of traceability and recallability.

How Are My Funds Protected?

As an Electronic Money Institution (EMI), Currency Cloud is obligated to maintain adequate capital reserves and ensure the proper safeguarding of customer funds. All funds received in relation to electronic money will be safeguarded in tier-one credit institutions such as Barclays Bank PLC. This ensures that in the unlikely event of our insolvency, administrators would reimburse your funds from the safeguarded funds.

Can I Receive Funds from Germany?

Yes, Rutland FX can provide you with a UK-based EUR account that supports SWIFT transfers. This is particularly useful if you are selling a property or assets in Germany and need to repatriate funds at a better exchange rate. However, we can only onboard you as a customer if you are a citizen or have a residence in, or if your business is registered in, one of the supported countries.

Can I Send Money to Germany Using Other Currencies Besides EUR?

Yes, you can. For example, it is common for businesses and individuals in Germany to hold multi-currency accounts. You can send USD to Germany if the recipient holds a USD account in Germany that supports SWIFT payments.

Are There Any Limits on the Amount of Money I Can Transfer to Germany?

There are currently no transfer limits on SWIFT payments to Germany with Rutland FX. This means you can settle large invoices or move substantial amounts of money with ease using Rutland FX.

How Do I Track the Status of My Transfer to Germany?

Our EUR transfers are sent using SWIFT GPI by default, meaning they will be trackable, traceable, and recallable. You can track your payment directly on the platform or by contacting your account executive. You will be able to see the full journey of the transfer along the SWIFT network, detailing how long it took to arrive and any deductions taken by correspondent banks, if any.

How Do I Cancel or Amend a Transfer to Germany After It Has Been Initiated?

You should always double-check bank details and ensure you want to dispatch a payment before sending funds internationally to avoid delays. However, on some occasions, you may want to cancel a payment. If a payment has been instructed on your account but has not yet been dispatched, you can cancel it on the platform or by contacting support.

If the payment has already been dispatched and the funds have gone to a trusted recipient, the fastest way to get the funds back would be to ask the recipient to send it back to your EUR account with Rutland FX. If not, we can action a recall on the funds; however, this is not guaranteed and may require consent from the recipient if the funds have credited their account.

How Can I Contact Rutland FX Support?

Rutland FX offers live support via telephone and email. Email support is available 24 hours a day, ensuring you can get assistance at any time. Telephone support is available during UK business hours, from 8:30 AM to 5:30 PM.