Do you want to find an easy and affordable way to send money to Ireland? Here’s how you can move money internationally without breaking the bank.
You don’t have to attend a St Patrick’s Day Parade to see just how much of an influence the Irish have had on modern American culture. The 2013 American Community Survey revealed that over 33 million Americans have Irish ancestry – that’s more than 10 per cent of the total population.
So if you need to send money to Ireland from the USA, there are plenty of ways to go about it.
Compare International Money Transfers
Banks versus money transfer companies
While banks can handle international transfers to destinations all around the world, they usually charge a hefty fee for doing so.
However, if you use a specialist money transfer company to send your money overseas, you can usually find a better deal. These companies focus on moving money internationally and provide superior exchange rates and lower fees compared to the major banks. The exact cost and transfer methods available differ between providers, so you should compare a few different providers before placing a transfer request.
Walt has spending three months travelling around the USA while his girlfriend stays home in Ireland. When Walt’s girlfriend needs some financial assistance to help her cover the rent, Walt agrees to send her $1,000. He compares two money transfer companies in an effort to find the cheapest way to send his funds overseas.
|Money transfer company 1||Money transfer company 2|
|Exchange rate||1 USD = 0.87 EUR||1 USD = O.89 EUR|
|Transfer method||Cash pickup||Bank account deposit|
|Processing time||10 minutes||3 business days|
|Amount received (in EUR)||870 EUR||890 EUR|
As you can see, not only can Walt save more than $50 in fees if he uses the second transfer company, but he can also ensure that his girlfriend receives an extra 20 Euros.
How to compare transfer companies when transferring money to Ireland
- Exchange rates. What exchange rates does the company offer and how do they compare with its competitors?
- Fees. How much will you have to pay each time you send a global transfer?
- Transfer methods. Can you place a transfer over the phone, online, by visiting a branch and/or via a mobile app?
- Transfer options. Can you place a forward contract or limit order, or can you schedule a recurring payment for the future?
- Turnaround time. How long will it take for the funds you send to reach your beneficiary’s pocket or bank account?
- Minimum amount. Is there a minimum transfer limit and is it low enough to suit your transfer requirements?
- Pickup methods. Can cash be picked up from an agent location or will it simply be transferred to your recipient’s bank account?
- Customer service. Are phone, email and online support offered? During what hours?
How to send money to Ireland from America
- Bank transfers. Transfers between banks are secure but can be costly.
- Online money transfer providers. These companies, for example USForex, offer secure and affordable transfers.
- Money transfer companies with cash pickup options. MoneyGram, Western Union and Ria all offer this option.
- PayPal. PayPal can send international money transfers around the globe.
- Checks. International checks can be obtained from your bank.
Emergency cash transfers in Ireland
If you need to get money to Ireland as quickly as possible, be aware that the fastest transfer methods will cost you more. As well as high transfer fees, a lower-than-usual exchange rate may also apply. With this in mind, make sure you’re fully aware of the total cost of your transaction before you commit to it.Back to top
Cash pickup locations in Ireland / Western Union / MoneyGram / Ria branches in Ireland
If you want to send money that your recipient can collect from a transfer agent in Ireland, Western Union, MoneyGram and Ria can help. You’ll need to give your beneficiary the transaction ID number you receive, and remind them to take along their driver’s license or other photo ID when they go to pick up the funds. The details of some popular cash pickup locations are listed below.
An Post Ballyowen
Ballyowen Castle Shopping Centre
Open: 9am to 5:30pm Monday to Wednesday and Friday; 9am to 7pm Thursday; 9am to 1pm Saturday
5 7 O Connell Street Upr
Dublin, Dublin 1
Open: 9am to 8pm seven days
Doughiska Retail Centre
Open: 9am to 6pm Monday to Saturday
Asiatic Manila Food Store
25 Upper Abbeygate Street
Galway City, Galway
Joe Walsh Tours Ltd
69 O’Connell St Upper
Open: 8am to 6pm Monday to Saturday, 10am to 6pm Sunday
6 Abbey St Lower
Open: 6:30am to 10:30pm Monday to Saturday, 8:30am to 10:30pm Sunday
2 Mary St
Open: 10am to 6pm Monday to Saturday
19-21 Eglinton St
Open: 8:30 to 6:30pm Monday to Friday, 12pm to 6pm Saurday and Sunday
Ria Financial Services Ireland
Suites 17/18. 40-41 Dominick Street Lower
No information on opening hours available
Ria does not have any locations in Galway
Tips for picking up cash in Ireland
Ireland is a safe travel destination for American tourists but you should still take care whenever you pick up cash from a transfer agent. This means staying aware of your personal safety at all times and taking a few steps to prevent yourself becoming a target for thieves. Don’t wave your cash around in front of strangers, avoid high-crime areas and don’t carry large sums around for any longer than you have to.Back to top
How to send money to Ireland
When you send money to Ireland, you will most likely need to sign up for an account with a money transfer provider. You can do this by supplying:
- Your name
- Your date of birth
- Your phone number and email address
- Valid photo ID, for example a driver’s license
You will also need to provide your beneficiary’s name and contact details as well as the details of your transaction, and make sure to make a note of any transaction tracking number you receive.