Need to send money to New York? Know your options. | finder.com
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Send money to friends, family or a business in New York

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What to look out for when transferring money to a connection on the East Coast.

Learn how to compare your options — including fees, exchange rates and transfer speeds — to find the best service when sending money to the Empire State.

OFX International Money Transfers

Our pick: OFX

OFX offers flexible transfer options, 24/7 customer support and no maximum limit. Send a minimum of $1,000 per year.

$0 transfer fees. Send fee-free transfers to over 195 countries worldwide.
Transfers in 55 currencies. OFX supports major, minor and exotic currencies.
Flexible options. Choose from forward contracts to scheduled transfers for convenience and flexibility.
Great customer support. Larger transfers get personalized service over the phone.

    Service providers who can help you send money to NY

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 1 - 2 days USD 0.00 0.904 EUR 4,521 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 1 - 2 days USD 0.00 0.904 EUR
    4,520
    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 0.00 0.904 EUR 4,521 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 1,000 1 day USD 0.00 0.903 EUR 4,514 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 0.903 EUR 4,513 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 5,000 1 day USD 0.00 0.903 EUR 4,517 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
    USD 50 1 - 2 days USD 0.00 0.903 EUR 4,517 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

    Compare up to 4 providers

    What are my options to send money to New York?

    Your options will vary depending on whether you’re in the US or abroad.

    Domestic transfers

    Most major US banks offer free bank-to-bank domestic transfers (or waive fees for account holders). However, you’re limited to transferring cash from your bank account to your recipient’s bank account.

    If your recipient doesn’t have a bank account or needs the cash more quickly than a bank transfer will offer, Western Union and Walmart offer fast cash pickups at thousands of locations in New York.

    Online options like PayPal and Venmo can also get money quickly to your recipient.

    International transfers

    Your bank will typically be your most expensive option when sending money internationally. Banks offer weaker exchange rates, higher fees and fewer options to send and receive cash when compared to other options.

    International transfers is where an online money transfer specialist shines. Providers like TransferWise and OFX can often safely get your money overseas to New York faster, with lower fees and stronger exchange rates.

    Case Study: Calvin sends money to New York

    Calvin needs to send 1,000 Australian dollars from Australia to his wife in Brooklyn.

    BankMoney transfer service
    Exchange rate1 AUD = 0.721 USD1 AUD = 0.746 USD
    Transfer fee$22 AUD or more$5 AUD
    Transfer speed2–4 business daysUp to 2 business days
    Amount received in USD$721$746

    For a transfer of 1,000 Australian dollars, an online money transfer service is a clear winner. Not only does Calvin save at least 17 AUD on the transfer fee, but his wife also receives $25 more and at least two days sooner.

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    How do I compare money transfers to New York?

    Depending on whether you’re sending domestically or internationally, you’ll want to keep an eye on:

    • Fees. Banks and other provider will typically charge a fee for its services, especially for international transfers. Confirm whether it charges a flat fee or a percentage of the total transfer.
    • Exchange rates. For international transfers, consider how close to the mid-market rate the rate you’re being offered is. You’re looking for a minimal margin between the two rates.
    • Transfer options. For domestic transfers, any bank or service will allow you to transfer money online. Independent services like OFX and TransferWise offer competitive exchange rates and fees for international transfers.
    • Transfer speeds. Whether your transfer is foreign or domestic, the time it takes for your recipient to get your money will vary. If you need to send cash right away, compare options WorldRemit or Western Union over your bank, which is typically not your cheapest or fastest option.
    • Pickup methods. Most services offer bank-to-bank transfers; others will include cash pickups at an agent location. Know your options to find one that fits your needs.
    • Minimum amounts. Your best option may depend on how much you’re sending. For larger international transfers, you can often avoid fees with a money transfer specialist.
    • Frequency and purpose. If you need to send money at set times of the year, see if you can set up recurring payments to save on rates and fees in the long run.
    • Customer service. For those walking through a transfer for the first time, you may find it helpful to speak to a representative. Most companies offer a telephone number that you can call to speak with a representative or financial specialist to help walk you through your options.

    Ways to send money to New York

    • Bank to bank transfers. Quick and efficient, these transfers may have higher wire transfer fees than an independent provider.
    • Money transfer specialists. If you live outside the US, and independent provider like MoneyGram or OFX offers lower fees and exchange rates than banks can provide.
    • Cash pickups. While you’ll pay a bit more for a cash pickup, you have options that include time-tested standbys like MoneyGram and newer services like WorldRemit.
    • P2P services. Peer-to-peer services like PayPal and Venmo can get your money to your recipient without hassle in minutes.
    • Checks. If you’ve time on your side, checks are an option.

    Emergency cash transfers in New York

    Sometimes you or a loved one is in an emergency and needs funds quickly — and in cash. Thankfully there are global money transfer providers with tons of agent locations that allow you to pay and pick up in cash, often within minutes. If you have a little more time, however, consider an independent transfer provider that can get you much lower fees and stronger exchange rates.

    How to send money to New York

    Depending on your bank or service, you may need to sign up for a free account before you can begin sending money. Generally, you’ll:

    1. Provide your recipient’s details. Their name, contact and banking info, if they’ll be receiving your money as a bank deposit.
    2. Specify the details of your transaction. How much and what currency.
    3. Review your transaction. Confirming total fees and how much your recipient will receive.
    4. Pay for your transfer. Methods could include bank account, debit or credit card or cash.
    5. Track your transaction. You’ll receive confirmation that includes a unique number or receipt for monitoring the progress of your transfer.

    Need to make an emergency cash transfer?

    Bottom line

    When sending money to New York, you have many options. If you live in a country other than the US, compare your money transfer options to receive the best rates and lowest fees for your situation.

    Frequently asked questions

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    2 Responses

    1. Default Gravatar
      JenniferJanuary 22, 2019

      If I am in New York but my money was sent to Philadelphia, can i still get it from an outlet in NY?

      • Avatarfinder Customer Care
        CharisseJanuary 23, 2019Staff

        Hi Jennifer,

        Thanks for reaching out to finder.

        If the money you sent was for cash pick up, usually, the receiver can pick up the money at the agent location within the state you have entered.

        You can contact the money transfer company you have used and verify with them if it’s possible or ask them if you can make changes to the transaction so your receiver can pick it up in New York instead.

        I hope this helps.

        Cheers,
        Charisse

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