Deutsche Bank international transfer: Fees, rates and transfer time

5 minute read

Established in 1870¹, Deutsche Bank is now one of the world’s largest banks, with a huge global reach.

If you’re a Deutsche Bank customer, you’ll find it useful to know how to make an international transfer with the bank. In this guide, we’ll show you how.

We’ll cover everything you need to know about Deutsche Bank international transfers, including how to set one up and how much it costs.

But first, a quick example.

Here’s a theoretical bank transfer, sending €1000 from Germany to GBP in the UK. Let’s do a comparison of how much this transfer will cost you using Deutsche Bank, and using a money transfer specialist like Wise.

ProviderFeeExchange rateTotal cost
Deutsche Bank² - OUR payment, where sender pays all fees€15 + €1.55 SWIFT fee + €25 flat fee for third-party expensesReal exchange rate + markup€41.55 + exchange rate markup
Wise³€4.58The real exchange rate - the same one you find on Google€4.58

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What are the fees for an international transfer with Deutsche Bank?²

When you make an international transfer with Deutsche Bank, you have a choice about who pays the costs. By default, the sender and recipient share the fees, but you can also choose to pay all of them yourself. The first arrangement is known as a SHARE transfer, while the second is an OUR payment.

There’s also a third option known as BEN, in which the recipient of the money chooses to cover all the fees.

With these different payment types in mind, here are the regular Deutsche Bank international transfer fees you need to know about:

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)

As well as fees from Deutsche Bank, there may be charges from other banks involved in the transfer. These are known as intermediary or correspondent banks, or the destination bank. This will vary depending on the countries and banks involved. There might also be further or different fees from these ones, depending on the precise details of your account and transfer.

Deutsche Bank exchange rates

If you’re sending money to an account that isn’t in euros, it will need to be converted to the new currency. When your money is converted by Deutsche Bank, a markup is added. This is on top of the mid-market rate you’ll find on Google or, and that Wise uses for all its currency conversions.

This markup figure depends on the currency sent, and the currency converted into. To give you an idea of how this works, here are just a few examples of the mark-up/markdown on currency pairs with Deutsche Bank:

Deutsche Bank Currency PairsExchange rate markup/markdown²

What this means is that if you use an online currency converter or do a quick Google search to find the current rate, it won’t be the same one that Deutsche Bank offers.

This is why it’s always worth taking a close look at the exchange rate before sending an international payment with a bank. Even if the upfront fee is low, an unfavourable rate can make your payment a lot more expensive.

How do you make an international bank transfer with Deutsche Bank?

With a Deutsche Bank account, there are a few different ways you can transfer money abroad using DB’s own services. The easiest way is online, by following these steps⁴:

  • Log into your online Deutsche Bank account to start an international credit transfer
  • Select the DB account from which the money should be transferred
  • Next, select the country you’re sending money to, and the currency to use.
  • You’ll then be taken to a different page depending on whether you can make a SEPA payment or not - this is for EUR payments within the EEA. Either way, follow the website’s instructions to complete the transaction.

You’ll also need to provide certain details, such as account details for your recipient. We’ll cover everything you need in just a moment.

Deutsche Bank international transfer limits are €1,000 per day⁴ for payments made via online banking. You may be able to apply for a higher daily limit though by contacting Deutsche Bank.

If you prefer, you can also set up an international payment or receive advice on how to do it by popping into your local Deutsche Bank branch. Alternatively, if you’re registered for telephone banking, you can call up and set up your payment with a DB customer service agent. The general support number is (069) 910-100 00⁵.

What do I need in order to make an international money transfer?⁴

Euro payments will be SEPA (Single European Payment Area) transfers if the destination account is in the EU and the payment in EUR. SEPA transfers are treated like local transfers within the same country.

For SEPA transfers, you’ll need:

  • The beneficiary’s name or company
  • The beneficiary’s IBAN.

For non-SEPA transfers, the exact details you need may vary depending on the beneficiary’s country. To be safe, you should make sure you have:

  • The name and address of both the beneficiary and the bank
  • The bank’s SWIFT/BIC code
  • The beneficiary’s IBAN or account number or any other local identifying code or number.

Get all the information you need to know on our Deutsche Bank IBAN number page.

What do I need in order to receive an international bank transfer?

To receive money internationally into your Deutsche Bank account, you should give the sender the same information:

How long does an international bank transfer with Deutsche Bank take?²

For paperless transfers made in EUR, you can expect it to take up to one working day for your payment to go through. Paper-based transfers can take up to two working days with Deutsche Bank.

Transfers in other currencies can take up to four working days to go through, regardless of whether you choose a paperless or paper-based transfer.

Is there any way to make a faster transfer for an extra fee?

Yes, for non-SEPA payments you can request ‘express execution’, which costs €10².

Need help with your transfer? Here’s how to contact Deutsche Bank⁵

  • 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.

A cheap and transparent alternative: Wise

When you make an international transfer using Wise, your money is converted at the mid-market rate - that’s the rate you find on Google. Which means you’ll get a real, up-to-the-minute average of what your money is worth, and you could find that the amount your recipient receives is much more than if you’d use your bank for the transfer. Wise charges a simple, low fee that is always stated upfront.

Also, with a multi-currency account from Wise, you can hold money in 50+ currencies. It’s like having a local account both in Germany and abroad, so it’s a great way to make or receive international payments without worrying about either the costly bank transfer fees or the ever-fluctuating exchange rate.

Not convinced? See for yourself - take a look at Wise’s rates and compare the amount you’ll get in the end, or simply send money now.

Join Wise today

After reading our guide, you should be all set to make your first Deutsche Bank international transfer. We’ve covered how to do it, how long it takes and the fees and exchange rates you need to know about.

Sources used for this article:

  1. DB - about
  2. DB - list of prices and services
  3. Wise - send money
  4. DB - international credit transfer
  5. DB - contact info

Sources checked on 15-Oct-2021.

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

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