Best way to send money to USA | finder.com

How to send money to the United States

Compare money transfer services and save when sending money to the US.

Sending money to the US doesn’t have to be difficult or expensive. By comparing the exchange rates of banks and money transfer services, you can find a deal that works for your and your recipient in the US.

World First Foreign Exchange

World First International Money Transfers

Most Convenient money transfers with excellent customer service. Send to 140+ currencies in 45 countries.

Special $0 fee offer for finder.com readers:
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.

  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    Compare your options for transferring funds to the US

    Select your currency and transfer amount, and compare the fees, rates and transfer times of different providers.

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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.

    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 - - Online, Phone, Bank Account to Bank Account Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 1,000 1 day - - Online, Phone, Bank Account to Bank Account Exclusive exchange rate discounts
    No-maximum limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 100 3 - 5 days MXN 165.00 0.053 Online, Phone USD 256 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details

    Compare up to 4 providers

    How do international money transfers work?

    An international money transfer is a service that exchanges one currency for another. You can begin the process either online, in person or over the phone. The provider will then take money from your bank account or use the cash you’ve given, exchange it and send it to your recipient’s bank account. If your recipient has decide to pick up cash, be sure they have the tracking number to ensure the transfer goes smoothly on both ends.

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    Banks vs. money transfer companies

    We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

    You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.

    Today’s exchange rates

    Refreshing in: 60s | Thu, 22 Feb 09:11am GMT
    USD AUD CAD EUR CNY GBP INR MXN PHP
    1 USD = 1.0000 1.2809 Inverse: 0.7807 1.2699 Inverse: 0.7875 0.814405 Inverse: 1.2279 6.3620 Inverse: 0.1572 0.719976 Inverse: 1.3889 65.038333 Inverse: 0.0154 18.8109 Inverse: 0.0532 52.128 Inverse: 0.0192
    1 AUD = 0.7807 Inverse: 1.2809 1.0000 0.9914 Inverse: 1.0087 0.6358 Inverse: 1.5728 4.9670 Inverse: 0.2013 0.5621 Inverse: 1.7790 50.7772 Inverse: 0.0197 14.6862 Inverse: 0.0681 40.6978 Inverse: 0.0246
    1 EUR = 1.2279 Inverse: 0.8144 1.5728 Inverse: 0.6358 1.5592 Inverse: 0.6413 1.0000 7.8118 Inverse: 0.1280 0.884052 Inverse: 1.1312 79.859925 Inverse: 0.0125 23.0977 Inverse: 0.0433 64.0075 Inverse: 0.0156
    1 GBP = 1.3889 Inverse: 0.7200 1.7790 Inverse: 0.5621 1.7637 Inverse: 0.5670 1.1312 Inverse: 0.8841 8.8364 Inverse: 0.1132 1.0000 90.334017 Inverse: 0.0111 26.1271 Inverse: 0.0383 72.4024 Inverse: 0.0138
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    Case Study: Michael sends money to the US

    The tech company that Michael works for in California is transferring him to their offices in London for a year to spearhead a new department there. He doesn’t want to uproot his family, so his wife and kids will be staying behind in the US Because he will be sending money home on a regular basis, he compares two money transfer providers to ensure that he gets the best deal. Michael figures he will be transferring $2,000 to his wife each month.

    Money transfer service 1Money transfer service 2
    Exchange rate1 EUR = 1.056 USD1 EUR = 1.072 USD
    Transfer fee$0$10
    Transfer time2 days2 days
    Transfer optionsOnline, phoneOnline, phone
    Amount received less the transfer fee$2,113 USD$2,134 USD

    What’s the difference?

    Although the first service provider doesn’t charge a fee, the second provider’s superior exchange rate allows Michael’s wife to receive $21 more.

    How do I compare transfer companies when sending money to the US?

    Michael’s case highlights the importance of looking at all of the features of a transfer company before making a final decision. When doing your own research, check the following with each company you’re interested in:

    • Competitive exchange rate. Small differences in the exchange rate can make a big difference when transferring large amounts of money. This is an area where you could potentially incur losses if you are not careful.
    • Little to no fees. Fees can vary greatly depending on the institution and the currencies involved.
    • A range of transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
    • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
    • Convenient pick-up methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
    • Reliable customer service. What sort of customer support is offered and during what hours can you receive assistance?
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    Foreign exchange rates explained

    Exchange rate is how much one country’s currency is worth compared to another. The dollar (USD) is generally strong against most global currencies, although the pound and euro are worth more. For example, for every euro you send, your recipient would receive a little over a dollar in return. If you sent a Mexican peso, however, is weak against the dollar. This means you would need to send 100 pesos to get one dollar. Comparing exchange rates is the most important part of sending money, so be sure your money transfer company is offering you a good rate.

    Compare USD exchange rates

    USD exchange rates
    Best Dollars to Yuan exchange ratesBest United States dollars and Indian rupees exchange rates
    Best US Dollar to Philippine Peso exchange ratesPost-Brexit: USD–GBP exchange rates
    Best Dollar to Euro exchange ratesBest US dollar to Mexican peso exchange rates
    Best USD to AUD exchange ratesBest USD > CHF exchange rates
    Best USD > VND exchange rates

    Ways to send money to the US

    As one of the world’s most widely accepted currencies, you will find there is a large number of ways in which you can transfer your money to the US

    • Bank transfers. Most major banks offer wire transfers to the US
    • Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
    • Transfer companies with cash pickup. Providers like Western Union and MoneyGram offer this service — your recipient can sometimes pick up the cast within minutes.
    • PayPal. You can send money abroad using your PayPal account.

    Steps to send money to the US

    1. Choose a money transfer provider from our comparison table.
    2. Click Go to Site and compare the rates and fees offered.
    3. Enter your recipient’s information.
    4. Pay for your transfer and write down the tracking number.
    5. Follow up on the progress of your transfer to confirm everything goes smoothly.
    6. Find a money transfer location near you

      What documentation do I need?

      To send money using a money transfer provider, you should make note of the following:

      • The recipient’s full name. The beneficiary of a cash transfer will need to show photo identification. Be sure that the name you put on the order is the same as what shows on the ID.
      • Your full name. As an additional security measure, the agent may ask for the name of the sender, be sure that the recipient knows your complete name.
      • Your recipient’s contact information. Have the address and phone number of the person receiving the funds. They should also have this information for you.
      • Transaction number. There will be a transaction number given when you make the transfer. Your recipient will need to give this to the agent before the cash is released.

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      Sending money to a particular state in the US?

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      How safe is a money transfer?

      When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. When sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.


      Tips for picking up cash in the US

      Picking up cash can be dangerous if you’re in an area that is prone to crime, but even if you aren’t, it’s smart to be aware of your surroundings and keep your cash hidden. Take a friend and deposit your cash into your bank account as soon as possible, and always keep safety your top priority.

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