Having the same concerns and having found the solution ourselves, we'd like to introduce you to an incredible money transfer service provider: Wise. They make cross-border money transfers easy and secure!

Why Wise?

Convenience

Transferring money abroad via Wise is easy, fast, and simple. The transfer process is fully available online and works perfectly on all devices. You can sit at home and transfer money from your home country to Germany at any time - day or night, on any device - smartphones or tablets.

All you need to do is create a free Wise account and follow the easy-to-follow instructions. Your recipient doesn't need to have a Wise account to receive your money.

We said it was fast to transfer money via Wise, but how fast is it? You want to know the answer: just a few days or sometimes just one day! It's possible that the money you sent will appear in the destination account the next day.

The Lowest Possible Fees and No Hidden Charges

Money transfers abroad via Wise are done at the average market exchange rate or what Wise calls the real exchange rate. This is the rate you see on Google, XE, or Yahoo Finance. This saves you the costly exchange rates usually disguised as zero commission or free transactions.

You'll see the costs of international transfers upfront and be assured that you'll only pay what you see!

High Security

Wise is a member of the Financial Conduct Authority (FCA) - an organization that protects consumers against fraud and unfair prices and ensures a healthy operating environment for financial businesses. This means that with Wise, you're protected just as you would be with the b...

Detailed Guide: How to Transfer Money via Wise

Are you impressed by what Wise has to offer and considering using Wise to transfer your money to Germany or other countries around the world? If so, here's a detailed guide to using Wise. Follow these steps and be assured that your money will be sent to the right place in no time!

1. Go to the Wise website: Wise.com and create a free account.

Account verification can take up to 4 to 5 days, depending on your country.

2. Once logged in, you'll see the following page. Click on "Send money."

3. Check your fees upfront

On the right side of the page is the Wise calculator that shows you upfront all fees charged as well as the arrival date of your money in the recipient's account.

Let's say you're sending money from India and you want the recipient in Germany to receive exactly 1,000 euros, enter that amount in "recipient gets exactly" and choose the currency in EUR.

Wise will do the calculation and show you the total amount you need to send so that the recipient in Germany receives exactly 1,000 euros. The gross amount you're supposed to send already includes the INR-EUR exchange rate and the total fees charged by Wise, which is 1,951.79 INR.

4. If you're not transferring money to other people, click "Personal" and fill in your details.

5. Click on the recipient. Is it that simple? Let's say you want to send money to another person.

6. Fill in the recipient's details.

The IBAN is an international account numbering system commonly used for international transfers. Your recipient will provide you with their IBAN, and if they don't, ask for it. Otherwise, you won't be able to send money.

7. Identity verification (temporary)

If this is your first transfer via Wise, you need to verify your account by uploading your ID document (passport, national ID card, or driver's license). Remember that it must be in photo format, as PDF files are not accepted.

8. Review the details of your transfer.

You'll find all the information, including the amount, your details, and those of your recipient. Make sure everything is correct, and if you spot an error, you can always go back to fix it. No worries - just make sure each piece of information is accurate.

9. Let's move on to the very last part: how do you like to pay?

There are four options: debit card, POLi bank transfer, credit card, and bank transfer. Each has its pros and cons, but here, we'd like to focus on the bank transfer, because it can be (just slightly) more complicated than the others. The good news is that it can save you daily limits (unlike debit cards), security risks (unlike POLi transfers), or extra fees (unlike credit cards).

Wise will send you the bank details, depending on where your bank account was originally opened. For example, if you're sending money from an Indian bank account, you'll receive Wise's Indian bank account details.

Don't forget to use the reference number provided by Wise so they know it's you who sent the money. You can put it in the transfer description, which is usually optional for the sending bank, but this time, it's mandatory. Never forget your reference number!

Have you finished everything? Now, relax and have fun because you won't need to deal with the complicated task of sending money abroad anymore. Wise takes care of the rest!

You can use Wise to send money to your blocked account opened with EDUBAO - as you can see, it's fast, cost-effective, and secure! If you have any questions about the transfer and the blocked account, let us know. With us, you're never alone on your journey to Germany!