Most of you are so new to Germany, you probably haven’t got the German bank account sorted just yet. Up until recently, I have been recommending Paypal payments, but the enormous fees are really killing me. A payment made from a foreign Paypal account into my German Paypal account can attract a fee of more than 5% of the total cost. Ouch!
TransferWise seems to have done an enormous global marketing campaign in the last few weeks, and as a result, it’s constantly coming up on my news feeds. When I recently helped a client recover a lost payment made by TransferWise to a German company, curiosity finally got the better of me.
I’ve used it and I like it! All you, dear client, need to do is make sure that Red Tape gets the correct “Amount Received” by adjusting the amount you send in your home currency. Takes less than a few minutes, and you can always send me the confirmation as a PDF if you’re in a real hurry to book an interpreter or get a translation done.
The bank details to use on a TransferWise payment are:
IBAN: DE27 1005 0000 1067 3570 13
If you need things to happen quickly (for example, it’s Friday morning, and you need an interpreter on Monday), please send me a screen shot or a PDF of your confirmation that the payment went through.
If you haven’t heard of TransferWise, check it out, it will be a useful tool for paying German utilities before you get your banking sorted. In future, I’ll be recommending TransferWise for payments for Red Tape services instead of Paypal.