![]() Our recommended option is to use a company that specializes in international currency exchange. Use a specialist international money transfer company These work in a similar way to in-branch transfers, and you’ll just need to follow the instructions of the customer service agent. Some banks let you contact their call-center to make an international wire transfer. Send an international transfer over the phone Once that’s done, confirm your transfer and the bank will process your money and send it to your recipient. Confirm how you want to pay for your transfer, this will typically be directly from your bank account.įinally, check all of the details are correct, especially the recipient details. Overall, expect to pay around 5-7% more for a transfer than through a specialist provider. banks typically charge fixed fees of between US$30-50 and you’ll also get a worse exchange rate than you might elsewhere. Your bank will then tell you how much they’ll charge for the transfer and your exchange rate. Choose how much you want to send and the currency you want to exchange money into. ![]() Next, you’ll want to setup the details of the person receiving the funds. ![]() Some banks put daily or monthly limits on your transfer amounts. Once you’ve done that, check how much you can send. If you can’t find it, check the “Help” section on the bank’s website or give customer service a call. Once you’re there, look for a section on making international money transfers. Start by logging into your banking software through your bank’s website. Send an international wire online through your banking portal Receiving a wire transfer from overseas.Wiring large amounts of money internationally.How long international wire transfers take.International wire exchange rates from U.S.International wire transfer fees from the big U.S.The recipient information you’ll need to make an international wire transfer.Your best options for sending an international wire transfer.When is a wire transfer not a wire transfer?.The best international wire transfer services.What is an international wire transfer?.Once your bank has taken their cut, that means far less money for your recipient.įortunately, you have alternatives and by the time we’re done, you’ll understand the best and cheapest ways to wire money internationally. With high fixed fees and poor exchange rates, your money isn’t going to go as far as you think. International wire transfers through your bank are expensive-really expensive. The bank will debit your account for the US dollars and wire the foreign currency overseas Make sure you check and confirm the details including the currency and amount you're sending.Enter the bank details of your person or company you want to wire the money to.Set up a wire transfer online by nominating which account the money will come from.Here's how you send an international wire transfer through your bank: Wire transfers let you send thousands of dollars, or equivalent, to almost any other bank account in the world. One of the most popular is through an “International Wire Transfer.” This is a specialist service offered by most banks that gives you a simple, safe and convenient way to send money overseas. So, you want to send money to friends, family or someone else who lives overseas? Fortunately, when transferring your hard earned cash abroad, you’ve got plenty of options.
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