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The best way for sending money to the USA will depend on the country you’re sending from. Xoom is a popular option, but high fees and moderate exchange rates make shopping around a good idea. Western Union and MoneyGram can handle cash delivery with thousands of locations for cash pickup, but WorldRemit and Ria may be able to offer the same service for cheaper. Overall XE is a strong pick for larger transfers, but comparing your options is always a good idea before you send money to the USA.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to the US. Some offer transfers straight to US bank accounts, while others allow the money to be picked up in US dollars in person. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times.
Companies like XE and OFX specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s US-based bank account, often in as little as a day or two.
Services like MoneyGram allow you to transfer cash for pickup at a local branch in the US — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. Compare MoneyGram to digital services like WorldRemit when possible to save money on your transfer.
US dollars are almost certainly carried by your bank, especially if you live in Europe, Canada or anywhere that often trades with the United States. Although your local bank can convert your currency into US dollars, beware of high fees and wide margins on the exchange rate compared to digital and other options.
Sign up and send money with a digital money transfer specialist in four steps:
Suppose you need to send €2,000 from Germany to the US. Here’s what you might face as far as fees and exchange rates as of March 10, 2020.
|Digital money transfer service||Cash transfer||Bank transfer|
|Fee||$0||$3.99||€25 + additional correspondent bank fees|
|Exchange rate||1 EUR = 1.131 USD||1 EUR = 1.132 USD||1 EUR = 1.125 USD|
|Transfer speed||1-2 day||Minutes||2-5 days|
|Amount received||USD 2,262||USD 2,264||USD 2,221|
The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the cash transfer service, your recipient ends up with $41USD more than the bank offers and arrives within minutes.
Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to the US to meet your needs:
When it’s more important to get your money to the US quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.
Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.
Sending money within the US is easier to do than sending money from abroad. There are a number of different ways to send money online between people in the US including money transfers, cash transfer apps and more.
To send money to the US from abroad, you’ll need government-issued ID and other documents, while documents needed to pick up money in the US may differ by company.
To send money from the abroad to the US, you’ll need documentation and details that include:
To pick up money in person, documentation can include:
Most money transfers to the United States may be subject to taxes, depending on their amount and place of origin. Unfortunately there are a lot of variables in play, but typically it is always better to report large money transfers to the IRS on your tax forms. More information can be found in our tax guide on large money transfers.
There are a variety of reasons you may be sending money to the US, including repatriating funds you earned abroad. Being extra vigilant about the reasons you’re sending money to the US can save you large fees and possible jail time in the future by paying the appropriate taxes now.
Sending your hard-earned money to the US shouldn’t cost a fortune. Compare transfer companies that specialize in foreign currencies for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country-specific guides the next time you need to make a transfer.
Turning pesos into dollars shouldn’t be expensive, but many companies will charge you excess fees and offer poor exchange rates when you’re sending money from Mexico to the USA.
Sending money from India to the USA can be done in a variety of ways, including money transfer services and through the bank. Read our guide from Finder India to find your best way to send money to the USA.
Finding the best way to send money from Australia to the US is easiest when you compare multiple options. Read our guide from Finder Australia to find your best way to send money to the US.
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