Prepaid Cards in Germany
Neteller offer a free virtual account which can be upgraded to a prepaid MasterCard, subject to T & C's including applicant providing acceptable ID, being a resident in the UK or Ireland. Prepaid Card & usage fees apply.
Application is free based on you loading £200 of currency on to your card. This card is an electronic money product issued by Clydesdale Bank PLC. Clydesdale Bank PLC, a company registered in Scotland with number SCOO1111
Europe Traveller by Caxton FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Euro Card by Ace FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Prepaid cards available in Germany where you need to be a Germany resident to get a prepaid credit cards
Foreign exchange rate for Germany
Germany is a common destination for international money transfer, so if you are planning to send money there, read on to find out everything you need to know.
Different types of money transfer
There are a range of different forms individuals can use to send money to Germany. Throughout the country, both traveller cheques and credit cards are accepted, although there are some restrictions that people need to be aware of:
Germany’s official currency is the euro which is used across Germany. The previous form of currency was the Mark but this is no longer accepted.
Credit cards are widely accepted in the UK, however just over half of all the hotels and shops in Germany accept credit cards. This is considerably less than that of the UK and the USA, therefore it is advised cash is used as a selection of businesses will not accept credit cards. The majority of major credit cards are accepted but it is important you check with your bank first.
Travellers cheques are accepted everywhere in Germany, therefore it is advisable to take Euro travellers cheques and euro notes. When using traveller cheques it is important to have the receipt of the currency purchase and your passport at hand.
Banks in Germany
Generally banks are open Monday to Friday. They tend to open at 8.30 am and shut between 3.30 pm or 4:00 pm and the bank is often shut between the lunch hour (12:30pm and 1:30 pm). Therefore, most banks will not be open on the weekend, and they will be shut on bank holidays.
Some smaller local banks may shut in the afternoon so it is always advised to visit the nearest bank in the morning.
Transfer money with a specialist broker
A specialist foreign exchange broker is good to use when transferring money to Germany as a one-off or on a regular basis.
A foreign exchange broker has the facilities and ability to update the various exchange rates regularly to ensure customers get the most current and most rewarding exchange rates when sending their money abroad.
When you send larger sums of money abroad you will make larger savings with a broker then you would with a small amount. Greater amounts, such as those used to purchase a property or business in Germany are typical examples where large amounts of money are transferred. In this situation, a specialised broker could save thousands of pounds.
The period of transferring money to Germany
The length of time is takes to send money to Germany relies on a number of different factors. If you are sending money to Germany from the UK, it shouldn’t be an especially long process when compared to the time it would take to send money as far as Australia.
Also, because Germany’s official currency is the euro, which is considered a major currency the speed should also be quicker as it is far easier for banks to transfer and send funds in a currency that is easily converted.