Couple doing business repatriation of funds

How to repatriate funds with an international money transfer

Get your money back home to the US safely.

Without an effective and affordable way to manage your international payments, it can be expensive to send regular payments to the United States. From salaries and pensions to loan payments, rental income and financial support for your family — there are plenty of reasons you might need to repatriate funds to the States from overseas.You’ll need to compare the services of money transfer specialists to find a safe, reliable and cost-effective way to send your money home.
World First Foreign Exchange

World First International Money Transfers

Special offer for readers. Because World First is a trusted partner of, you can send your money transfer overseas for free. No fees: $0 online transfer fees when you click go to site from

  • Competitive exchange rates.
  • Offers flexible spot contracts, forward contracts and limit orders.
  • Weekly updates on market exchange rates.

    How can I repatriate my money to the US?

    Whether to support family, business or investment connections in the US, you need an affordable way to make regular overseas payments. Major banks worldwide can help you organize international payments. But their services can come with high fees on every transfer sent, resulting in significant costs every time you repatriate your funds. For much more affordable transfers, consider the services of a dedicated money transfer specialist that typically offer better exchange rates and lower fees than banks. These services specialize in moving funds internationally and can offer secure transactions backed by professional and friendly customer support.

    Companies like Western Union, MoneyGram and Ria are well-known transfer companies that operate large worldwide networks. They allow you to send cash that can be collected from thousands of agent locations across North America. However, you may find the best exchange rates and most affordable fees with an online money transfer company. OFX, WorldRemit,

    Payza and World First are just a few of these specialists, which gives you the ability to shop around and compare trusted providers to find a service that best fits your repatriation needs. Of course, whenever moving funds from one country to another, be aware of any restrictions that could apply to the amount of money you’re transferring. You may also need to provide details of the source of your income.

    How much will I get? Calculate receive amounts

    Back to top

    Why might I need to repatriate funds?

    Among the many reasons you might need to send money back to the United States:

    • You’re want to send money you’ve saved from working overseas back to your loved ones.
    • You’re moving to the US and need an affordable way to transfer your assets.
    • You receive a salary or pension into an overseas bank account.
    • You own rental property in another country that generates income.
    • You’re based overseas but need to make mortgage payments on a property in the US.
    • You have investments in assets overseas that you want to sell in exchange for foreign currency, convert that currency to US dollars, and then send to the States.

    Expats Transfer Guide

    Back to top


    How do I compare money transfer services?

    Take these factors into account when weighing the strengths and weaknesses of transfer specialists and currency providers.

    • Transfer fees. Most companies will charge you a fee when sending a transfer overseas. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Flexible transfer options. Some companies will allow you to schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract to make more cost-effective international transfers.
    • Pickup options and delivery speeds. Most providers offer online transfers directly to US bank accounts, while others also offer the convenience of cash pickup if you need your funds in a hurry. You may be able to deliver your funds in minutes, but if you have more time, you’ll save money on expedited fees.
    • Customer support. When you’re moving money overseas, especially large amounts, help whenever you need it is reassuring. Look for a company that offers multiple support options — Internet chat, phone, in person or by email — during convenient hours.
    • Reputation. Online research will reveal reviews for many transfer companies. Learn whether they’re trusted by consumers, and ask friends and family if they have any recommendations to help you make your final decision.
    Back to top

    Compare services to help repatriate your currency

    I want to send


    Enter your details to speak to a foreign exchange expert

    By submitting this form, you agree to privacy policy
    Ofx Logo

    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1,000 1 day USD 0.00 17.732 Online, Phone, Bank Account to Bank Account MXN 88,660 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 1 3 - 5 days USD 75.00 17.794 Online MXN
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    1 day USD 0.00 17.723 Online, Phone, Bank Account to Bank Account MXN 88,615 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site Show details
    USD 100 3 - 5 days USD 5.00 17.714 Online, Phone MXN 88,482 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
    USD 0 1 - 2 days USD 0.00 17.616 Online, Phone MXN 88,081 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
    USD 150 1 - 2 days USD 0.00 17.349 Online, Phone, Agent, Bank Account to Bank Account MXN 86,747 No hidden fees and a best rate guarantee for 60 global currencies. Go to site Show details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    Back to top

    Step-by-step on repatriating your funds to the US

    The exact steps you’ll follow will vary by provider, but most providers will require you to register for a free account as part of a straightforward transfer process.

    1. Visit the provider’s website.
    2. Enter your personal contact information and any required ID.
    3. Enter the details of your transfer, including your recipient’s information and how you’d like your money delivered.
    4. Enter your payment details — typically a credit or debit card or bank account.
    5. Confirm your rate and fees and complete your transfer.
    Back to top

    What are the pros and cons of repatriating funds?


    • It’s easy. Sending money overseas might sound complicated, but online money transfer providers make the process as easy and stress-free as possible.
    • It’s affordable. You can save a lot of money when sending funds overseas by not transferring money through your bank. A rise of online money transfer services allows you to access a range of cheaper options.
    • You have many options. Compare fees, rates and delivery options of the many trusted providers available to handle your transfer.


    • Varying laws and regulations. Restrictions may apply to the amount of money you can send to the US. Abide by all laws and regulations before sending your funds.

    When it comes to repatriating funds back home, you should always compare your options to get the best deal.


    Questions you’ve asked us about repatriating funds

    Fees differ depending on the transfer service you choose, where you’re sending the money from, how much money you’re sending and a range of other factors. Generally speaking, fees range from $0 up to $75 or more per transfer.
    When it comes to money, repatriation is the process of converting foreign currency — regardless of how it’s acquired — into the currency of one’s home country. Some countries restrict how much you can repatriate, and you may need to pay taxes in the US on your repatriated income depending on how much you’re returning home.
    If you operate a business in another country, you’ll typically need to periodically repatriate your profits into your company’s home currency. You can avoid losing some of those profits to a weak exchange rate by finding a money transfer specialist that provides strong rates, low fees and flexible options that can protect your regular transfers from market fluctuations.
    US-based multinationals do not pay a US corporate tax on foreign profits until those profits are repatriated to the United States. At that time, your income or profits are subject to a repatriation tax. The current US repatriation tax rate is 35%. However, the government periodically enacts repatriation tax holidays that sharply reduce the tax rate in an effort to encourage multinationals to repatriate their overseas profits. The current administration has proposed a 10% repatriation holiday tax for 2017 that has yet to pass.
    While the process will vary by provider, to send money online you’ll start by visiting the provider’s website. From there, you’ll provide your personal contact information, basic details about your recipient and how much you wish to transfer. You’ll also specify delivery preferences for your recipient and how you’ll be paying for your transaction. At this point, you can typically review the fees and exchange rates associated with your transfer. Once you’ve entered your payment information, you’ll confirm that your transfer details are correct to complete the money transfer.
    You have a few options when sending a wire transfer: through your bank, in a money services office or online. In general, you’ll provide your personal contact information, basic details about your recipient and how much you wish to transfer. You’ll also specify the banking details for your recipient, including routing and account numbers. After you receive confirmation that your wire transfer is successfully sent, you can typically use a tracking number to confirm that it gets to your recipient.
    You can use a wire transfer to send money from your bank to accounts worldwide. Most US banks allow you to initiate a wire transfer through your online account, but you may need to visit a bank branch for service. In general, you’ll complete a form that includes your personal info, your recipient’s info and the amount you’re looking to send. If you are sending money internationally, you may need to know the Swift Code or IBAN number of your recipient’s bank. The fees you’ll pay for a wire transfer will vary by bank.
    In general, international taxation refers to the process of determining how much taxes a person or business owes under the tax laws of a country. Repatriating your income from another country to the US could subject your profits to double taxation: once in the country you’ve earned it in and again in the US once it’s in your home currency. To compensate for this double taxation, the US typically provides a credit to US-based multinationals for the foreign income taxes they paid in the earning country.
    While your local bank will be able to arrange a money transfer to Mexico, you’ll typically find lower fees and stronger exchange rates with an online money transfer specialist. Whether you send money through your bank, a money transfer provider or any other option, you’ll need to first register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
    It depends on your specific needs — such as where you’re sending money, how fast your recipient needs your funds and how you’ll pay for the transaction. We recently took on the challenge of sending money internationally to uncover providers that are setting the benchmark for costs, trust, speed, convenience and more. Learn more about our winners to weigh the best service for your situation.
    Yes. The US currently restricts money from countries it’s imposed economic sanctions on — for example, Iran and Syria. Many transfer providers will also not offer their services from unstable countries around the world. Be sure to confirm that your provider will accept your transfer.
    Many money transfer specialists provide a tracking or reference number that you can use to monitor the progress of your funds. Some also provide email and SMS notifications to let you know when a transaction is complete.
    An expatriate — or, more commonly, an expat — is a person temporarily or permanently living in a country other than that of their citizenship.
    Yes. Some companies offer forward contracts, allowing you to secure the current exchange rate for a transaction up to one year into the future.
    Yes, your overseas bank can send an international wire transfer for you. Just watch out for weak exchange rates and high fees.
    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

    4 Responses

    1. Default Gravatar
      pankajSeptember 11, 2017

      Sir, I have sent a product to Nigeria, now the person transfer money through Chase bank with electronic transfer. Bank verified and confirmed my payment, now whats that activation code? And how much time it takes to reach to my Indian bank account? Please tell me Sir.

      • Staff
        JonathanSeptember 11, 2017Staff

        Hello Pankaj,

        Thank you for your inquiry.

        In reference to the activation code, you are likely referring to the bank routing number (ABA or SWIFT code) of your Indian recipient’s bank. If you don’t know the BIC/SWIFT, contact your bank directly for the code. You can also look up the code online. As for the posting, it usually takes 3-5 business days for international wire transfers to be completed.

        You may refer to our guide on how the transfer works.

        Hope this helps.


    2. Default Gravatar
      PeterFebruary 25, 2017

      I have a friend from Kenya who lived in USA for 15 years and he came home. He is telling us that his money was held in the US and that he was refused to come with his money. Is this possible or he is just lying to us? Please help me here l want to get an answer.

      • Staff
        JonathanJuly 30, 2017Staff

        Hello Peter,

        Thank you for your inquiry.

        Is your friend trying to send it through bank or money transfer services? If it is through banks, they have varying transactions limits for international transfers. As for money transfer services, they may have a cap of $5,000 per transaction.

        Please take note that as per Anti Money Laundering Act, $10,000 wire transfer needs to be reported after verification in compliance of. This is excluding additional regulation on your local country.

        You may want to send a general inquiry to concerned financial regulators in US and Kenya, to get a more thorough advice.

        Hope this helps.


    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.