Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
The bank’s network spans 58 countries with a large presence in Europe, the Americas, and Asia. As of 2017–2018, Deutsche Bank was the 21st largest bank in the world by total assets. As the largest German banking institution, it is a component of the DAX stock market index. It is considered a systemically important bank by the Financial Stability Board.
The company is a universal bank with four major divisions: Investment Bank, Corporate Bank, Private Bank and Asset Management (DWS). Its investment banking operations often command substantial deal flow.
Deutsche Bank – Other Useful Information
International money transfers from Deutsche Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Deutsche Bank account holder to use their services. Deutsche Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000.
Unless you pay a premium, Deutsche Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Deutsche Bank International Money Transfers
Save on the foreign exchange rate conversion when transferring money or making monthly payments overseas from your Deutsche Bank account in euros, the UK pound and other currencies. Deutsche Bank international money transfers to or from Germany have higher transaction charges, due to a less competitive exchange rate offered by Deutsche Bank. Skip to: Germany Money Transfer Specialists
Typically, sending funds to or from your Deutsche Bank account in euros, the UK pound or US dollar overseas bank account will involve a margin rate of 2.9% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Deutsche Bank
Sending foreign currency to or from your Deutsche Bank account in Germany needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 euro (EUR) using Deutsche Bank services would have a transaction exchange rate margin of around 2.9% – or 2,900 EUR. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 700 EUR in total, which is a large saving over the bank service.
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