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How to send money to Europe

Compare providers who can send euros based on cost and speed.

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The euro is one of the world’s most popular currencies, which means that you have options when it comes to transfers to Europe. An online money transfer company is usually the cheapest option, but a cash transfer will arrive the fastest.

Send money to Europe with OFX

No-maximum limit transfers with competitive exchange rates for 100+ currencies.

  • Support for 55+ major and exotic currencies
  • Competitive rates and no transfer fees
  • Multiple transfer options include forward contracts and limit orders
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Compare transfer providers

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.837 EUR 4,183 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.837 EUR 4,183 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1 Same day USD 0.00 0.841 EUR 4,206 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 2,000 1 day USD 0.00 0.837 EUR 4,183 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
USD 0 1 - 2 days USD 1.99 0.828 EUR 4,139 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
USD 1 1 - 2 days USD 40.00 0.845 EUR
4,191
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.841 EUR 4,204 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.84 EUR 4,200 InstaReM offers quick and simple international money transfers with the ability to earn loyalty points. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Options for sending money to Europe

There are a few options to consider when you want to send Euros overseas:

  • Banks. You can send an international transfer straight from your regular transaction account to your recipient’s account overseas. However, you’ll likely get a less competitive exchange rate and pay a transfer fee of around $15 or more.
  • Online money transfer companies. Specialized transfer providers tend to offer superior exchange rates and lower transfer fees when compared to the banks.
  • Cash transfer companies. If you need to send a fast cash transfer overseas, there are some providers that specialize in offering this particular service. Companies like Western Union and MoneyGram operate vast international transfer networks, allowing you to send funds overseas within minutes so your recipient can quickly access the cash you transfer. Some online transfer companies also have cash pickup options.

How to send an international money transfer to Europe

While the exact process for sending an online transfer varies depending on the provider you choose, you’ll generally need to follow a few simple steps:

  1. Sign up for an account.
    This is typically free to do online and you’ll need to provide your personal details, proof of ID and bank account information.
  2. Enter your transfer details.
    Specify the amount you need to transfer, where you’re sending it and the recipient’s bank account details.
  3. Review your transfer.
    You’ll be given a chance to review the full details of the transaction, including the exchange rate and any fees that will apply.
  4. Send the funds.
    If you’re satisfied with the transaction details, the next step is to pay for the transfer and send the funds.
  5. Track your transfer.
    You may be given a tracking number you can use to monitor your transfer status, while some providers also provide email and SMS notifications once the transfer has been completed.

Crunching the numbers: Sending $1,000 to France

The table below shows how much it costs to send $1,000 to France with a bank and with a money transfer company.

BankMoney transfer service
Fee$35$3.99
Exchange rate1 USD = 0.8437 EUR1 USD = 0.8655 EUR
Transfer speed2 days12 days
Amount receivedEUR€814.17EUR€862.05
OverallEUR€47.88 lessEUR€47.88 more

Both transfer services get money to your recipient’s bank account in about the same time, but if you use a specialized transfer company your recipient ends up with over €47 more, or about US$55.

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How to compare money transfer providers

Okay, so you’ve decided to find an online transfer company to help you send money to Europe, but how can you choose a provider from the several available? Make sure to weigh up the pros and cons of each company and consider the following factors:

  • Exchange rates. Even a minor variation in the exchange rate can make a big difference to the overall transaction cost. Shop around to find out which company regularly offers the best rates for your regular transfer destinations.
  • Transfer fees. Always remember to compare exchange rates alongside the fee that applies to each transaction, as some providers that suck you in with a great rate may also charge a high fee.
  • Transfer time. How long will it take until the money you send is available for your recipient to collect? If you need to send funds as quickly as possible, you may need to consider using a company that offers instant cash transfers.
  • Forward contracts. Check to see whether the provider offers forward contracts, which allow you to lock in an exchange rate today for a transaction that will take place weeks, months or even a year into the future.
  • Limit orders. Some providers will also offer limit orders, which allow you to specify the exchange rate you want for a transaction, then execute the transfer when that rate becomes available.
  • Regular payments. If you need to send a recurring payment overseas, for example if you’re paying rent on an overseas property, check to see whether you can set up a regular payment plan. This is a very convenient service that can save you a lot of time, but remember to make sure that it doesn’t attract any additional fees.
  • Supported currencies. Not every transfer provider will support every global currency, so make sure the provider you choose allows you to send all your desired currencies.
  • Customer service. If you ever need help with a transaction or have a question about your account, how can you get in touch with the provider? Does it have an online help center? During what hours can you contact the customer service team?

Tax guidelines for large transfers to Europe

Emergency cash transfers to Europe

When you need to get money overseas quickly, consider using a company like Western Union, WorldRemit or MoneyGram to send an instant cash transfer. These providers have hundreds of thousands of agent locations around the world where your recipient can pick up the cash you send within minutes of you sending the transfer.

Cash pickup locations in Europe

If you’re sending an emergency cash transfer from Australia to Europe, both Western Union and MoneyGram offer multiple cash pickup locations throughout the Eurozone. The details on some easily-accessible locations can be found below:

Western Union

Paris

La Banque Postale
9 Place De L’hotel De VilleParis,
75004+33-969366050
Open 8am-6:30pm Monday to Friday, 8am-11:30am Saturday
Change Master Arcole
21 Rue D ArcoleParis,
Ile De France 75004+33-800900191
Open 9:45am-9pm 7 days a week


Rome

Banca Popolare
C So Vitt Eman Ii 299Roma Succursale SRoma,
Roma 00186+39-800601622
Open 8:35am-3:35pm Monday to Friday
Open World System SRL
Corso Vittorio Emanuele Ii 274 ARoma,
Roma 00186+39-6-68192051
Open 8:30am-8pm Monday to Saturday, 4pm-8pm Sunday

MoneyGram

Paris

Tabac De La Raynie
26 Rue De La ReynieParis,
750010966917352
Open 1pm-8pm Monday to Saturday
ICEF
9 Rue BergerMetro RER Chatelet-Les HallesParis,
7500133142360877Open 8am-7pm Monday to Saturday


Rome

Poste Italiane
Via Firenze 36Roma,
00184064745687
Open 8:25am-3pm Monday to Friday
Community SNC
Via D Manin 6 8Roma,
001850697848350
Open 5am-11pm 7 days a week

Exchange rates explained

To get the best deal on your transfer, you’ll want to compare exchange rates against the current mid-market rate. The closer a transfer provider’s quote is to the mid-market rate, the better the deal.

Below you can see the current USD to EUR exchange rates, updated daily.

Today’s exchange rate: USD to EUR

Tips for picking up cash in Europe

If you’re picking up a cash transfer from an agent location anywhere in Europe, make sure to remember a few simple safety tips:

  • Take a friend along for extra security
  • Keep your cash concealed while in public
  • Avoid carrying large sums of money on your person for any longer than necessary – deposit the cash in a safe place as soon as possible
  • Remain aware of your surroundings at all times

Bottom line

The euro is one of the world’s most popular currencies, which means that you’ll have a lot of options if you’re sending money to a country that accepts it. If you’re sending to a European country with a different currency, you’ll want to double check that your transfer provider offers that currency before signing up. And to get the best deal on your transfer, compare money transfer providers before getting started.

Image source: Getty Images

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