- Receive money at the mid-market rate
- Next-day delivery for most currencies
- Easy-to-use app
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With the right tools at your disposal, you can find the best deal and have quick access to your funds when you receive a money transfer from abroad.
The best way to receive money from overseas depends on your specific situation. For many people, receiving the money straight to their bank through an international wire transfer is the most convenient, even if it can be expensive. Typically it’s cheaper to use a money transfer company since these types of companies specialize in sending money overseas and offer lower fees and stronger exchange rates than banks.
From cheapest to most expensive, the best way to receive money from overseas is:
Use our comparison table to see how much money you could receive through different money transfer companies. Enter the amount you’ll be receiving, the currency in which it will be sent, then select Calculate.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
In order to receive money from overseas, you’ll need to provide specific details about your bank, including:
If you decide to pick the transfer up as cash or have it delivered to a digital wallet, the information you’ll need to provide will vary.
The process may differ depending on the service provider used to send the funds. With some money transfer services, you need to request the transaction reference number from the sender and present the number along with your identification documents. You may also be required to fill out a receive form to access your funds.
With online transfers, the funds are deposited into your account, after which you can withdraw them. You can also receive funds through a prepaid card or mobile wallet.
Money transfers come in many varieties, all of which can be used to receive money from overseas.
Yes, unless the money transfer falls into specific categories. In short, when receiving more than $10,000 from abroad, you must report it on your taxes. Read our guide on tax regulations for incoming transfers into the US to learn more.
Receiving money from overseas doesn’t have to be expensive or stressful. By comparing your options, you’ll know you aren’t paying too much in fees or losing money to a poor exchange rate. Before making a final decision, learn more about how to save money when sending and receiving money from overseas.
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A youth savings account with a whopping 7% APY on account balances up to $1,000.
Northpointe Bank’s Kids Savings account earns an unmatched interest rate on balances above $1,000.
A kids savings account with an interest rate that compounds daily but has long hold times for customer service.
A kids’ savings account with a generous interest rate that transitions to a lackluster regular savings account when your child turns 18.
A high-yield savings account that supports multiple currencies.
A checking account-debit card combo marketed for people with disabilities.
Bank of Missouri’s Show Me Savers earns 0.1% APY but can’t be opened online.
A checking account that earns up to 1.75% APY and up to $25 in ATM reimbursements.
Navy Federal’s Visa Buxx card has no fees, but you must qualify for membership with the credit union.
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