How to send money to Ireland

Get more money to loved ones in Ireland with the right money transfer service.
▸ How much do you want to transfer?
Under €10,000 Over €10,000

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A specialised money transfer company will offer more competitive exchange rates than a traditional bank, but which company is best for you depends on how much you’re sending and how quickly you need it to arrive.

Find the best money transfer to Ireland

Data indicated here is updated regularly
Name Product Minimum Transfer Transfer Time Transfer Fee
TransferWise - Ireland
EUR 1
1-2 days
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
WorldRemit - Ireland
EUR 1
Same day
Varies
XE Money Transfers - Ireland
EUR 1
Same day
EUR 0
Skrill - Ireland
EUR 50
1 day
None
Azimo - Ireland
GBP 10
Instant
Varies
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Compare up to 4 providers

How to send money to Ireland online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and your preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If you’re transferring to a bank, you’ll need your recipient’s bank account details in Ireland.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Ireland. Some money transfer providers send a text or email when your transfer is complete.

What’s the best way to send money to Ireland?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Ireland. Some offer transfers straight to Irish bank accounts, while others allow the money to be picked up in euros in person. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times.

Blue icon representing money transfers Image: Infogram

Digital money transfer services

Companies like XE and CurrencyTransfer specialise in foreign currencies, making these some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Irish bank account, often in as little as a day or two.

Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

Cash transfers

Services like MoneyGram allow you to transfer cash for pickup at a local branch in Ireland— often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. If a cash pickup is necessary, look to digital services like WorldRemit or TransferWise when possible.

Picture not described: BlueBankIcon_Infogram_62x56.png Image: Infogram

Banks

As a popular currency, euros are likely to be carried by your bank, especially if you visit the main branches offering international service. If your local bank can convert your local currency into euros, beware of high fees and wide margins on the exchange rate compared to digital and other options.

Let’s crunch the numbers: Sending €2,000 to Ireland

Let’s say you currently live in the US and need to send €2,000 to family in Ireland. Here’s what you might face as far as fees and exchange rates as of 15 July 2020.

Digital money transfer service Cash transfer Bank transfer
Fee US$3.99 US$8 US$50 + additional correspondent bank fees
Exchange rate 1 USD = 0.8656 EUR 1 USD = 0.8423 EUR 1 USD = 0.786 EUR
Transfer speed 1 day Minutes 2-5 days
Amount received EUR€1,727 EUR€1,677 EUR€1,532
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the digital money transfer service, your recipient ends up with EUR€195 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Ireland in as little as 15 minutes.

How to get the most out of your money transfer to Ireland

Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to Ireland to meet your needs:

  • Exchange rates. The euro is relatively stable and strong compared to many other currencies. But when compared to other currencies, the euro will change from day to day. Exchanging currency ahead of time, or locking in prices, can help you prepare for these shifts.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of euros you’re sending.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Ireland.
  • Maximum limits. When exchange rates are favourable, sending more money can save you money in the future. If you plan to send large amounts of money to Ireland, be sure to pick a provider that won’t limit you.
  • Transfer methods. Whether you want money sent to an Irish bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Ireland

When it’s more important to get your money to Ireland quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Ireland without a bank account

If you don’t have a bank account, you can still use cash transfer services to get the money to its destination. Similarly, a recipient can get the money with a cash transfer if they don’t have a bank account.

These cash transfer services are widely available around the world and although they’ll typically not be the cheapest available service, they can be fast, convenient and can be used without bank accounts.

Ireland’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. The euro is a popular currency around the world and remains relatively stable. However, when compared to other currencies, expect exchange rates today to be different than those you’ll see tomorrow. Factors that influence an exchange rate include interest rates, economic stability and inflation.

Documents needed for sending to and receiving money in Ireland

To send money to Ireland, you’ll likely need a government-issued ID such as a driver’s licence or passport and other documents, while documents needed to pick up money in Ireland may be different by company.

Documents to send money to Ireland

To send money overseas to Ireland, you’ll likely need documentation and details that include:

  • Identification. Most services require a driver’s licence, passport or other government-issued ID. Some services allow you to send transfers without ID, but these may require other information.
  • Payment method. Your service may accept credit or debit cards, cash or bank account transfers.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, and Irish bank account details if sending to their bank.

Documents to receive money in Ireland

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A passport, driver’s licence or similar form of government-issued ID will be accepted for identification for most money transfer cash pickups.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

What to watch out for

Most money transfers to Ireland shouldn’t have any specific tax obligations attached to them, so long as they are for personal use and kept under €10,000. However, certain laws exist in Ireland that may affect your transfers, depending on:

  • The nationality of the receiver
  • The residency status of the receiver
  • The purpose of the transfer
  • The total amount of the transfer

Bottom line

Sending your hard-earned money to Ireland shouldn’t cost a fortune. Compare transfer companies that specialise in international transfers for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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