Deutsche Bank International Transfer

deutsche bank international transfer

Deutsche Bank is a global financial institution based in Frankfurt, Germany. It was founded in 1870 and has since grown to become one of the world’s largest banks, with operations in over 60 countries and a workforce of around 83,000 employees. Deutsche Bank offers a wide range of financial services, including investment banking, corporate banking, private banking, wealth management, and retail banking. It serves a diverse client base, including individuals, corporations, governments, and institutional investors. Read to know more about Deutsche Bank international transfer and its benefits.

Bank Name Deutsche Bank
Bank Type Public 
Established 1870
Headquarters Germany 

Benefits of Deutsche Bank International Transfer

There are several benefits to using Deutsche Bank for international transfers, including

  • Deutsche Bank has a global presence and operates in over 60 countries, which means it can facilitate transfers to a wide range of destinations.
  • Deutsche Bank has a sophisticated payment processing system that can facilitate fast and efficient international transfers.
  • Deutsche Bank International Transfer offers competitive exchange rates for international transfers, which can help you get the most value for your money.
  • Deutsche Bank uses advanced security measures to protect its customers’ transactions and personal information.
  • Deutsche Bank offers a range of payment options for international transfers, including online banking, mobile banking, and in-branch transfers.
  • Deutsche Bank has a dedicated customer support team that can provide assistance and guidance throughout the transfer process.

Money Comparison 

Let’s compare the costs of making using Deutsche Bank International Transfer 

Provider Fee Exchange Rate Total Cost 
Deutsche Bank² – OUR payment, where the sender pays all fees€15 + €1.55 SWIFT fee + €25 flat fee for third-party expensesReal exchange rate + markup€41.55 + exchange rate markup
Wise€4.58The real exchange rate – the same one you find on Google€4.58

Fees for Deutsche Bank International Transfer

You can choose who bears the charges when you send money abroad using Deutsche International Transfer. The fees are often split between the sender and the receiver, but you have the option of paying them entirely.

Deutsche Bank international transfersRegular fees
Sending SEPA payments (EUR within EEA)€0.60
Sending OUR payments outside EEA (paperless)1.5% of the total amount+ €1.55 SWIFT fee+ €25 fixed fee for third-party expenses
Sending SHARE payments outside EEA1.5% of the total amount+ €1.55 SWIFT fee+ €2.60 postage fee
Receiving SEPA paymentsFree
Receiving BEN or SHARE transfer – up to €2,500€5.50
Receiving BEN or SHARE transfer – between €2,500 and €12,500€10
Receiving BEN or SHARE transfer – €12,500+1% of the total amount (max. fee of €95)

Deutsche Bank Exchange Rate 

Deutsche Bank Transfers offers exchange rates for a wide range of currencies, which may fluctuate based on a variety of factors such as market conditions, geopolitical events, and economic trends.

How to make an international bank transfer from Deutsche Bank

To make an international Transfer using Deutsche Bank, you will need to follow these steps:

  • Log in to your Deutsche Bank online banking account or visit a Deutsche Bank branch to initiate the transfer.
  • Provide the recipient’s name, address, and bank account details, including their IBAN or SWIFT/BIC code.
  • Enter the amount you wish to transfer and choose the currency.
  • Review the transfer details, including any fees and exchange rates, and confirm the transaction.
  • Ensure that you have sufficient funds in your account to cover the transfer amount and any fees.
  • After initiating the transfer, Deutsche Bank will process the transaction and send the funds to the recipient’s bank account.

Information Required to Make an International Bank Transfer 

The information required to make International Transfer using Deutsche Bank is given below:

SEPA transactions require the following:The precise information you require for non-SEPA transfers may change based on the beneficiary’s country. To be safe, make certain you have:
The name or business of the beneficiary
IBAN of the beneficiary.
The beneficiary’s and the bank’s names and addresses
The SWIFT/BIC code for the bank
IBAN, account number, or any other regional identification symbol or number belonging to the beneficiary.

Information Required to  Receive an International Bank Transfer 

You must provide the same information to the sender in order to receive funds overseas into your Deutsche Bank account:

  • your IBAN figure
  • SWIFT/BIC code for your bank
  • Names and addresses of you
  • Address of Deutsche Bank

Contacts Details 

  • Call the general enquiries line on (069) 910-100 00
  • Pop into your local DB branch
  • Send an email message from the Deutsche Bank website.

FAQs

Q1. What is an international wire transfer?

Ans. An international wire transfer is a method of transferring funds electronically from one bank account to another bank account located in a different country.

Q2. What information do I need to provide for an international wire transfer with Deutsche Bank?

Ans. You will need to provide the recipient’s name, address, and account number, as well as the bank’s SWIFT code and the relevant bank branch information.

Q3. How long does it take for an international wire transfer with Deutsche Bank?

Ans. The time it takes for an international wire transfer with Deutsche Bank can vary depending on a number of factors, including the destination country, the receiving bank, and any intermediary banks involved in the transfer. Generally, transfers can take anywhere from 1-5 business days.

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