Repatriation of Funds | International Money Transfers

Information verified correct on December 5th, 2016

overseas-transfers (1)Do you want to send money back home to the United States from overseas without breaking the bank? Here’s how to find a safe and affordable way to repatriate funds.

If you don’t find an effective and affordable way to manage your international payments, sending regular payments to the United States can be quite expensive. From salaries and pensions to loan payments, rental income and financial support for your family, there are plenty of reasons why you might need to repatriate funds to the States from overseas.

However, you’ll need to compare the services of different money transfer providers if you want to find a safe, reliable and cost-effective way to send your money home.

Compare International Money Transfers

Rates last updated December 5th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
WorldRemit International Money Transfers
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. USD 1 Within an hour Online, Bank Account to Bank Account, Cash Transfer Go to site More
World First Foreign Exchange
World First Foreign Exchange
Transfer money into a range of currencies online and over the phone. USD 500 2 days Online, Phone Go to site More
Transferwise International Money Transfers
Transferwise International Money Transfers
Make online transfers in a range of currencies and enjoy high maximum transfer amounts. USD 1 1 day Online Go to site More
HiFX International Money Transfers
HiFX International Money Transfers
Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000. USD 100 2 days Online, Phone, Agent Go to site More
Travelex International Money Transfers
Travelex International Money Transfers
Get your foreign currency delivered to your home or pick up at a store. USD 500 2 days Online Go to site More
Currencies Direct International Money Transfers
Currencies Direct International Money Transfers
$0 online transfer fee that you can access 24/7. USD 100 2 days Online, Phone Go to site More
USForex International Money Transfers
USForex International Money Transfers
Take advantage of competitive exchange rates and cheap transfer fees. USD 150 1 day Online, Phone, Agent, Bank Account to Bank Account, International Money Order Go to site More
MoneyGram International Money Transfers
MoneyGram International Money Transfers
Send money anywhere, from anywhere. USD 1 Same day Online, Phone, Agent Go to site More
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply USD 100 1 day Online, Phone, Agent Go to site More
Western Union Money Transfers
Western Union Money Transfers
Send money online to friends and family around the world with Western Union. USD 1 Same day Online, Phone, Agent Go to site More

Have we missed anything in the comparison table? Tell us

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How does repatriation of funds work?

Whether you’re looking to support family, business or investment connections in the USA, if you make regular overseas payments it’s essential to find a way to do so affordably.

Major banks all around the world can help you organise your international payments but they will usually charge a high fee for every transfer they send, which can cost you a significant amount of money every time you repatriate funds. For much more affordable transfers you can use the services of dedicated money transfer services that offer better exchange rates and lower fees than the banks. They specialise 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 be able to find the best exchange rates and most affordable fees if you send your funds using an online money transfer company. Providers like USForex, WorldRemit, Payza, World First and many more offer this type of service, so shop around and compare trusted providers listed at finder.com.

Of course, whenever moving funds from one country to another it always pays to be aware of any restrictions that may apply to the amount of money you can transfer and providing details of the source of that income.

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Why might I need to repatriate funds?

There are many reasons why you might have to send money back to the United States, including:

  • You are working overseas and wish to send the money you save back to your loved ones
  • You are moving to the United States and need an affordable way to transfer your assets
  • You receive a salary or pension into an overseas bank account
  • You own a rental property overseas that generates income
  • You are based overseas but need to make mortgage repayments on a property in the United States
  • You may have investments in other assets overseas which you wish to sell in exchange for foreign currency, and then convert that currency to US Dollars to be sent to the States

There are plenty of other potential motivations for repatriating funds, but the above examples should provide some easy-to-understand examples.

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How do I compare money transfer services?

It’s important to take the following factors into account when you’re weighing up the strengths and weaknesses of different transfer companies and currency providers:

  • Exchange rates. Finding the best exchange rate can make a substantial difference when you transfer funds overseas, especially if you’re dealing with large amounts of money. Compare the rates offered by a range of companies for your most commonly traded currencies.
  • Fees. Most companies will charge you a fee when sending a transfer overseas, so make sure you’re aware of all the fees that will apply to your transaction. However, keep in mind that some companies will not charge any fee if you transfer a large amount.
  • Transfer options. Some companies will allow you to save time by scheduling recurring transfers in advance, as opposed to entering all the details of your transaction every single time you need to repatriate funds. Many providers also offer flexible transfer options like limit orders and forward contracts, which allow you to take advantage of changes in exchange rates to make more cost-effective international transfers.
  • Pickup options and transfer times. While there are many companies that offer online transfers direct to US bank accounts, others also offer the convenience of cash pickup if you need your funds in a hurry. Transfer times can also range from 10 minutes to multiple business days, so check this factor as well when comparing providers.
  • Customer support. When you’re moving money overseas, especially large amounts, it’s reassuring to know that you will be able to access help whenever you need it. Look for a company that offers multiple customer support options (phone, email and online) and during hours when you will most likely need to access it.
  • Reputation. Do some online research to find reviews about different transfer companies and see if they are trusted by consumers. Ask friends and family if they have any recommendations to help you make your final decision.
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What are the pros and cons of repatriating funds?

Pros

  • Easy. Sending money overseas might sound complicated but in most cases it’s not. Online money transfer providers make the process as easy and stress-free as possible.
  • Affordable. You can save a whole lot of money when sending funds overseas if you don’t  transfer the money via your bank. The rise of online money transfer services allows you to access a range of more affordable options.
  • Choice. There are plenty of trusted providers you can choose to handle your transfer – start comparing their features at finder.com today.

Cons

  • Laws and regulations. Restrictions may apply to the amount of money you can send to the USA from your chosen country. Make sure that you are abiding by all laws and regulations before sending your funds.

Frequently asked questions

What sort of fee will I have to pay for an international money transfer?

Fees differ markedly 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 zero up to the $100 mark per transfer.

Are there certain countries from which I will not be able to repatriate funds?

Restrictions on moving money to the United States do apply to certain countries upon which the US has imposed economic sanctions, for example Iran. Many transfer providers will also not offer their services from certain unstable countries around the world.

I’ve sent an international money transfer – now what do I do?

You should have received a tracking number or reference number from the provider that you can use to monitor the progress of your funds. Many companies also provide email and SMS notifications to let you know when a transaction is complete.

Can I fix an exchange rate for a future transaction?

Yes. Some companies offer forward contracts, allowing you to secure the current exchange rate for a transaction up to one year into the future.

Can I repatriate funds through my overseas bank?

Yes, your overseas bank can send an international wire transfer for you – just watch out for low exchange rates and high fees.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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