fbpx
Check your eligibility >

How to transfer money using Transferwise (Wise) in 2021!

Since the day I started Bharat in GermanyI had one simple goal: Making Bharat in Germany, the ONE-STOP solution by making your journey to Germany a lot easier and hassle-free! 🇩🇪
So that you don’t have to look anywhere else when it comes to your studies in Germany.
And one of the major concerns that many upcoming students have is:
How to transfer money from India to Germany in the most secure way?
What is the cheapest way to transfer money from India to Germany?

When you should transfer money from India to Germany?

You probably know by now that on multiple occasions you might have to transfer money from India to Germany or vice-versa.

And what are these occasions?

  1. Transfering money from India to Germany for your Blocked Account. You’d need to transfer an amount of 10,332 Euros (as of 2021).
  2. You need to transfer money from India to Germany for Uni-Assist application fees.
  3. You’d also need to transfer money from India to Germany for university application fees.
  4. For the semester contribution fees you need to transfer money from India to Germany
  5. To pay the tuition fees (in selected universities) you’d need to transfer money from India to Germany
  6. For any emergency or miscellaneous expenses you might need to transfer money from India to Germany

So it becomes important that you should plan this thing out properly. Because without knowing any proper way of transferring money from India to Germany, you might end up spending a lot extra.

So keep reading on..

Yes I know this sounds plain and simple. But where does the problem start?

The problem starts when you see that when you transfer this amount to the German blocked account using “traditional methods” like bank transfer, they would charge you a huge amount EXTRA on top of this.

No what is the solution?
In such cases, it’s always better to use instant Forex remittance services.

And today I will tell you once such Forex remittance services which I have been using for a long time!

I personally have been using Wise myself since 2019.

And the main advantage that I saw while using Wise?

You can transfer the money almost instantly!

Plus minimum they charge you the lowest fees for these transactions.

So if you want to transfer money from India to Germany (or any other country) then do check out this video to get detailed guidance on how you can easily transfer money from India to Germany!

And why Wise?

First, their charges are extremely low and student-friendly.

Second, they transfer the amount instantly.

Third, they are one the largest Forex Service providers of the world right now!

And last but not the least, the procedure to transfer money from India to Germany or vice-versa using Wise is super-smooth and hassle-free!

How to use Wise?

Using Wise is quite simple and believe me, anyone who is having even the slightest technical knowledge can use Wise.

I myself use Wise to pay my employees working remotely from India or to transfer money to my home.

For your better understanding and easy accessibility, I am laying down the step-by-step path to use Wise.

Step 1: Sign up from here. You need your basic details which includes your email id, creating a password and the country in which you are currently residing in.

Step 2: Setup your Transfer. You need to choose the currency and the amount of money to be transferred.

Step 3: Filling in the details of the Recipient (details of the person you are sending the money to).
In this next step, you will have to fill in the bank details and the country details of the recipient.

For example, if you want to enroll in Complete course for studying in Germany, then you should fill in my bank account details, which is:

Account owner: Brandevise Consulting SRL 

IBAN: BE14 9671 8775 5283 

BIC: TRWIBEB1XXX 

Amount to be transferred: Course price shown in INR here.

Please note: Here the IBAN shows BE, which means the bank account is in Belgium.

You’d also need the recipient’s address:

Again, for enrolling in my course, the address will be, our business address. Which is:

Strada Zboina Neagra
No. 8-10 Bl. 91-95 Sc. 3 ap. 99
Sectorul 6,
Bucuresti, 060455
Romania

After this, the recipient’s account will be verified.

Step 4: OTP and Payment confirmation. Before you proceed with the payment, you will be required to enter the OTP that would be sent to your registered mobile number for the bank from which you’re are transferring the money.

Step 5: Sender’s ID verification. After this Wise would need to verify the sender’s (your) PAN and one photo ID proof.

Step 6: Select the reason for the transfer. This is the final step before you actually proceed with the payment and in this step, you need to select the reason for the money transfer from a dropdown menu.

Step 7: Choose how to pay (Final step). This is the last step, and here you need to fill in your bank account details (make sure the account is in your name only and not someone else’s!

And that’s it!

You can also track where your money is and the “tentative date” on which it will be received at the other end!

You can also refer to this video below to know more!


Related Posts
Leave a Reply

Your email address will not be published.Required fields are marked *

three × three =

Open chat
Contact us on Whatsapp!