Germany Travel Money Guide | Travel Money Oz (2024)

FAQs

How much money should I carry to Germany? ›

Any person entering Germany from a non-EU country and carrying cash with a total value of 10,000 or more euros is obliged to declare that amount of money, immediately and unsolicited, in writing to the competent German customs authorities.

AVERAGE DAILY SPEND BY REAL TRAVELLERS: €93 (£82)

Think mid-range - most of the major attractions, a few cab rides, maybe a big night out - and a bit of shopping on the side. It doesn't include the cost of hotels or car hire as these are often booked in advance.

Travel Money Oz is very similar to Travelex. It has a large network of stores. They both allow you to order a large range of currencies online to collect in-store and both are very large reputable companies. Even their exchange rates are very similar.

For budget travelers, you can expect to spend around $50 to $70 per day in Germany, while mid-range travelers can expect to spend around $100 to $150 per day. It's important to plan ahead and research activities and costs to create a budget that works for you.

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

Cash is widely used in Germany and it's often the preferred payment method.

Travel Money Oz does not charge a commission or fee to convert your AUD into a foreign currency (or vice versa). The way they make their profit is to add a markup onto the exchange rate itself.

Which is the best option: Travel Money Card vs Credit Card? While credit cards have the advantage of a larger fund limit than other options, the best option for travelling overseas is still the Travel Money Card.

Ordering currency from your bank before you travel is almost always better than using the airport currency exchange. Sally French is a travel rewards expert who joined NerdWallet in 2020. She previously wrote about travel and credit cards for The New York Times and its sibling site, Wirecutter.

How much euro do I need per day in Germany? ›

Some shops and cafés have no or a sum-depending credit-card acceptance, e. g. 10 EUR plus. Without knowing details I would plan 20-30 EUR per person per day if you want to pay mainly non-cash. Some Germans have the "Not-Fuffi" which means they carry 50 EUR cash in case something smaller needs to be paid cash.

What is the cost of living in Germany? It would be hard to get by for less than €1,000 a month in Germany, and this rises to around €1,500€ - €2,000€ in the cities where rents are higher. Students can usually cover living costs for around €850 a month.

The document you need is called a “Finanzierungsnachweis”, or proof of financial resources. In most cases, applicants have to prove that they have around 11.208 euros at their disposal for one year.

It would be hard to get by for less than €1,000 a month in Germany, and this rises to around €1,500€ - €2,000€ in the cities where rents are higher. Students can usually cover living costs for around €850 a month. Travel is fairly affordable, even in big cities, and food and drink prices are average for Europe.

A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling. As with all things, research is your friend here. Understand where you're travelling and what the local customs regarding cash are.

Germany's median income is €48,490 per year. Earning higher than this median income is considered good, as you are amongst the high-earning population of the country.