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.
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  • Competitive exchange rates.
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    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.

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    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.

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    USD 100 3 - 5 days USD 5.00 18.635 Online, Phone MXN 93,080 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
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    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.

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    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.
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    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.
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    What are the pros and cons of repatriating funds?

    Pros

    • 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.

    Cons

    • 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.

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    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.

      • Default Gravatar
        JonathanSeptember 11, 2017

        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.

        Cheers,
        Jonathan

    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.

      • Default Gravatar
        JonathanJuly 30, 2017

        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.

        Cheers,
        Jonathan

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