Money transfer service in Germany for sending €300 to a bank account in Turkey every month

For €300 each month from Germany to a Turkish bank account, I’d compare Wise and Remitly first:

• Wise — a good starting point if the recipient wants Turkish lira (TRY) in a Turkish bank account. It shows the fee and exchange rate before you send, and says it pays TRY directly into local accounts. Its live quote changes, so enter €300 and compare the amount the recipient gets. (wise.com)
• Remitly — also supports bank deposits in Turkey and may offer a promotional rate or fee for a first transfer. Don’t judge it by the welcome offer alone: check the regular quote you’d get on later monthly transfers. (remitly.com)
• Western Union — another option for bank deposits, but compare the exchange rate as well as the fee; its quote varies by payment and payout method. (westernunion.com)

Practical pick: Get a €300 quote from Wise and Remitly immediately before your first transfer, then choose the one that delivers more to the recipient’s account. Check again occasionally, since rates and fees change. You’ll need the recipient’s name and Turkish bank details; confirm whether their account should receive TRY or EUR.

One note: check whether you mean €300 sent or €300 received—with fees, those can be different.

For €300 a month to a Turkish bank account, I'd start with Wise or Remitly, and compare the live rate before each transfer. Exchange rates move, and the sources below are price-comparison sites with affiliate links, so treat their numbers as approximate.

Top options

• Wise: Its fee is visible up front, and it uses the mid-market rate with a separate fee. One comparison showed a €1,000 transfer to Turkey costing about €6.88 in fees, with delivery within hours. Fees vary by funding method, so check the quote for €300 specifically.
• Remitly: Its standard fee is €1.99, but the usual 1.99 euro fee is waived for first-time users. Its exchange rate margin is typically around 1.3%, so the total cost is slightly higher than Wise's, and the first-transfer offer doesn't last.
• Western Union: It's useful if your recipient wants cash pickup. Its bank-account transfers can carry a higher rate margin. The World Bank price data for Germany to Türkiye shows a margin of about 1.66% for Western Union, against about 1.04% for Remitly on the same corridor, Exchange rate margin(%) 1.04.
• Revolut or Paysend: These are worth checking. One comparison listed Revolut with a €3 fee and a markup of about 0.49%, and Paysend as fee-free with about 0.48%.

Avoid your regular German bank for this. Traditional banks typically charge a fixed fee plus a bigger markup. One comparison put banks at €25–50 plus a 2–5% exchange rate markup, which would add a lot to a €300 monthly transfer.

Practical tips

• Get the recipient's full name, IBAN, and bank details right, because errors can delay payments.
• Choose the EUR→TRY route so the money lands in lira. Check that the quote shows the amount the recipient will actually receive.
• Compare the total "recipient gets" figure rather than the headline fee, since the exchange rate usually costs more than the fee.
• Set up a recurring monthly transfer if the app offers it, and recheck rates every few months, since the cheapest provider changes.

For sending €300 monthly to a bank account in Turkey, using a specialized online money transfer service is significantly more cost-effective than using a traditional bank.

Recommended Services

Based on current data, the following platforms are highly rated for transparency, speed, and cost when transferring from Germany to Turkey:

• Wise: Highly recommended for its transparency. Wise uses the mid-market exchange rate (the one you see on Google) and charges a small, upfront fee. This is often the most cost-effective and clear method for bank-to-bank transfers.
• Instarem & Western Union: Frequently cited as very competitive in terms of total cost (fees plus exchange rate) for this specific corridor. Western Union is particularly strong if you need the flexibility of multiple payout options (e.g., if the recipient ever needs cash pickup instead of a bank deposit).
• Remitly: Often competitive for regular family remittances. They provide two speeds: "Economy" (often cheaper) and "Express" (faster but sometimes higher fees).
• Paysend: A good option for speed, often delivering to cards or accounts within minutes.

Important Tips for Monthly Transfers

• Compare Before You Send: Exchange rates and fees fluctuate daily. Sites like Monito allow you to compare live rates from multiple providers side-by-side to see who is cheapest for your specific €300 amount on the day you plan to send.
• Avoid Traditional Banks: Sending via a standard bank account (via SWIFT) is typically the most expensive option due to high fees and hidden markups in the exchange rate. On average, banks can be significantly more expensive than specialized online services.
• Payment Method Matters: How you fund the transfer affects the cost. Paying via a regular bank transfer or direct debit from your German bank account is usually cheaper than using a credit card, which may incur extra cash-advance fees from your bank.
• Check for "Hidden" Fees: Some providers offer "zero fees" but make their money by offering a worse exchange rate. Always check the total amount the recipient will get in Turkish Lira (TRY) to ensure you are getting the best deal.

Summary Recommendation: For a recurring monthly transfer, Wise is often the easiest to set up for consistent, transparent bank-to-bank payments. However, it is worth checking Monito once a month to see if another provider like Instarem or Western Union is running a temporary promotion that offers a better rate for that specific month.

For a monthly €300 transfer from Germany to a Turkish bank account, compare the amount the recipient actually gets—not just the advertised fee. Exchange rates and fees change, so check the quote immediately before each transfer.

• Wise is a good starting point if you want transparent pricing and a rate based on the mid-market exchange rate. It supports transfers to Turkish bank accounts and shows the fee before you confirm. Its displayed example for €1,000 to a Turkish bank account listed fees of €6.32 from a Wise balance or €8.73 when funded by bank transfer; your €300 quote will differ. ¹⁰
• Remitly offers bank deposit in Turkey and shows the fee and rate for your chosen payment method before you send. Its advertised welcome rate is a limited-time offer for new customers, so don’t use that as the expected rate for recurring monthly transfers. ³⁴
• Western Union supports transfers to Turkish bank accounts. It advertises a fee-free first online transfer to a bank account or debit card, but says exchange rates include a margin; use its estimator to check the ongoing cost after any promotion. ²⁷

Practical choice: Get same-day quotes from Wise and Remitly for €300 paid from your German bank account, delivered as TRY to the recipient’s bank account. Compare the exact TRY amount delivered and any recipient-bank charges. If this will be a regular transfer, compare the non-promotional rate, and check whether the recipient’s account is in TRY—Western Union notes that a bank may convert or reject a transfer sent to an account in a different currency. ⁸