Question 1

What's the best way to transfer money from Germany to Madagascar?

Accepted Answer

Sending money internationally to Madagascar from Germany can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Euro to MGA remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Madagascar. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Malagasy Ariary.

Question 2

How to get the best rate to transfer money to Madagascar from Germany?

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from Germany. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your EUR to Malagasy Ariary money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Germany to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

What's the cheapest way to send money to Madagascar from Germany?

Accepted Answer

When you want to send money to Madagascar from Germany, you obviously want the cheapest possible option to maximize the money your recipient gets in Malagasy Ariary. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your EUR to MGA money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Germany to Madagascar. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Germany to Madagascar exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Malagasy Ariary overseas.

Question 4

How to send money from Germany to Madagascar through a bank?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Germany to Madagascar. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to MGA exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Germany bank for your Madagascar money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

What is the fastest way to transfer money from Germany to Madagascar?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Germany to Madagascar. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to MGA. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Malagasy Ariary. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Germany to Madagascar money transfers.

Question 6

Which are the best money transfer companies to send money to Madagascar from Germany?

Accepted Answer

Comparing money transfer companies for sending money to Madagascar from Germany can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Madagascar. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Euro to Malagasy Ariary transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Malagasy Ariary yield on every Euro that you send.

Question 7

Step by step guide to transfer money to Madagascar from Germany

Accepted Answer

Follow the below easy steps to send money to Madagascar from Germany.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Germany bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in Madagascar).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your EUR to MGA remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 EUR	4,841.29 MGA
5 EUR	24,206.46 MGA
10 EUR	48,412.92 MGA
25 EUR	121,032.31 MGA
50 EUR	242,064.62 MGA
100 EUR	484,129.24 MGA
150 EUR	726,193.86 MGA
200 EUR	968,258.48 MGA
250 EUR	1,210,323.10 MGA
300 EUR	1,452,387.72 MGA
400 EUR	1,936,516.96 MGA
500 EUR	2,420,646.20 MGA
600 EUR	2,904,775.44 MGA
700 EUR	3,388,904.68 MGA
800 EUR	3,873,033.92 MGA
1000 EUR	4,841,292.40 MGA
1500 EUR	7,261,938.60 MGA
2000 EUR	9,682,584.80 MGA
2500 EUR	12,103,231.00 MGA
3000 EUR	14,523,877.20 MGA
4000 EUR	19,365,169.60 MGA
5000 EUR	24,206,462.00 MGA
10000 EUR	48,412,924.00 MGA
15000 EUR	72,619,386.00 MGA
20000 EUR	96,825,848.00 MGA
30000 EUR	145,238,772.00 MGA
40000 EUR	193,651,696.00 MGA
50000 EUR	242,064,620.00 MGA
100000 EUR	484,129,240.00 MGA

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