![]() Real-time SEPA money transfers are charged at EUR 1.50 per transfer. Express transfers are possible only for SEPA transfer orders within Germany, and they cost 11 EUR per transfer. Still, they cost EUR 6.00 per transfer if the transfer is an informal one. SEPA money transfers via telephone with a personal identification number cost EUR 1.50 per transfer. Transfers within Germany to other countries in the European Economic Area (EEA) in euros or in another EEA currency: Transfer FeesĬommerzbank's transfer fees vary greatly depending on the destination country, the recipient's currency, and the mode of transfer. It is essential to know the exchange rates and transfer fees of banks before doing an international money transfer, so you know exactly how much you will spend and how much the other party will receive. If they will receive it in GBP, this means they will receive 83.72 GBP. This means that if you are sending 100 EUR abroad, your recipient will receive the equivalent of 98.5 EUR in the currency they will be receiving it in. International money transfers with Commerzbank have an FX margin rate of 1.5%. Forex rates change every day, so it's best to check the bank's transfer rates right before making an international money transfer. Exchange RateĪs of, Commerzbank's GBP to EUR rate is 1.141 EUR, while their EUR to GBP rate is 0.85 GBP. Commerzbank Exchange Rates and FeesĮvery bank offers their own individual exchange rates and fee structures for international bank transfers and in this section we will look closely at Commerzbank services, comparing the cost to money transfer providers. However, to send an international bank transfer customers must unblock transfers to/from foreign countries by logging into My Online Banking and selecting Change Transaction Limit for Transactions. Yes it is possible to set up an international bank transfer with Commerzbank this service is referred to as a Foreign Country/Foreign Currency Transfer. South Georgia and the South Sandwich IslandsĬan I Use Commerzbank for International Bank Transfers?.Other successful digital ventures include Commerzbank’s Polish subsidiary, mBank, now the biggest digital bank in Poland, providing a range of innovative products and services solely online. The financial group has improved their online offerings by developing their mobile app, producing a host of informative how-to videos and enhancing the services accessible through My Online Banking platform. After merging with Dresdner Bank in 2009,Commerzbank now looks after 30,000 corporate client groups and more than 11 million individual and small business clients.Over the last decade, Commerzbank has honed in on goals to combine personal advisory services with high quality digital services. Headquartered in Frankfurt, Commerzbank has a huge presence throughout Germany and the rest of Europe. We want to test this claim, by evaluating how easy and effective it is when sending money online using Commerzbank international transfer services. Commerzbank claims to have developed one of Germany’s most advanced online banking platforms, having merged with innovative mobile banking group Comdirect in 2020. Commerzbank is a German banking institution with over 150 years experience offering financial services to private, small business and corporate clients in Europe.
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