2. Transfer time Wire transfers, which are settled in real time, can take anywhere from a few hours up to two business days to process and are generally considered the faster option. In comparison, ACH transfers typically take one to four business days.
If 1 USD is 0.906 EUR, your bank can add a 3% exchange rate markup and give you a rate of $ 1 = 0.933 €. CurrencyFair is the cheapest option, with a USD/EUR exchange rate of 0.8996. Their fees to transfer money to Germany is 71.21 USD. Wise offers a USD/EUR exchange rate of 0.9041.
Generally speaking, transfer fees will either be implemented as a percentage of the total transfer amount or a fixed, flat-fee. In this case, Navy Federal Credit Union charges members a flat-fee of $25 per transfer. Check out our full guide to Wire Transfer Fees here to evaluate how reasonable this fee is.
.