Send Money To / From USA

USA flag

Pay only fraction of the price you used to pay with our USA Money Transfer Guide.

Whether you reside in the USA and need to transfer a substantial amount abroad or need to send money to the USA from Europe (UK, Germany), Canada, Australia or Asia, we have figured out the best solutions for you. Easy, cheap and zero fee services for all your money transfer needs.

The Guide’s Topics:


Best Company to Transfer Money to USA

WF logo pngSpecial Offer: Our readers who are transferring money to the USA are eligible for the unique, preferential, dollar rates with World First, one of the best known providers with offices in all five continents.

View sample rates below


World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
GBP 100,000.00

Amount Received:
USD 132,515.85

Fee:
No Fee

Receive To:
Bank Account Only

World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
USD 100,000.00

Amount Received:
GBP 74,405.49

Fee:
No Fee

Receive To:
Bank Account Only

World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
USD 100,000.00

Amount Received:
EUR 84,325.56

Fee:
No Fee

Receive To:
Bank Account Only

World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
USD 100,000.00

Amount Received:
AUD 131,880.33

Fee:
No Fee

Receive To:
Bank Account Only

World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
AUD 100,000.00

Amount Received:
USD 74,772.90

Fee:
No Fee

Receive To:
Bank Account Only

World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
USD 100,000.00

Amount Received:
NZD 143,736.75

Fee:
No Fee

Receive To:
Bank Account Only

World First

  • No Fees
  • UK Best Rate Guarantee
  • Easiest to Sign Up
  • Clients LOVE IT
SELECT World First Review
Amount Sent:
USD 100,000.00

Amount Received:
CHF 98,455.95

Fee:
No Fee

Receive To:
Bank Account Only

World First deals with more than 150 currencies. Here are some of the most popular ones – World First rates. As long as you move $1,000 or more, you should inquire with them using this link to get our preferential rates.

  • We do not guarantee the accuracy of these quotes. Exchange rate constantly fluctuate and by the the time you ask for a quote it may change.
  • The quotes presented are specific to the amounts transferred. You won’t get the same rate for a smaller transfer (but, on the other hand, you will always get preferential rates which are better than World First’s default rates).
  • The offer is only valid for new clients which are currently not registered with the firm, and sign up to it using this link.

Service Provider

Summary

Recommendation

worldfirst-logoMin. Transfer: £ / € 1,000.
Transfer: Online or by Phone.
Wire Fees: None. (Only $CA 10 from Canada to USA)
Best Rates for £50,000+
Expected Rates* - £50,000+ :
- GBP: 1.2863 USD to 1.2902 USD
- EUR: 1.1799 USD to 1.1835 USD
- AUD: 0.7905 USD to 0.7929 USD
- CAD: 0.8014 USD to 0.8038 USD
WorldFirst
WorldFirst Review
currencies-direct logoMin. Transfer: £ / € 100.
Transfer: Online or by Phone.
Wire Fees: None.

Expected Rates* - All Amounts :
- GBP: 1.2695 USD to 1.2915 USD
- EUR: 1.1645 USD to 1.1847 USD
- CAD: 0.7909 USD to 0.8046 USD
CurrenciesDirect
CurrenciesDirect Review
Azimo logoMin. Transfer: No Limit.
Transfer: Online Only.
Wire Fees: £ / € 1 - 12 (Depends on Speed).

Expected Rates*:
- GBP: 1.2824 USD
- EUR: 1.1763 USD
- AUD: 0.7881 USD
- CAD: 0.7989 USD
MoneyCorp
Azimo review
hsbclogo2Min. Transfer: No Min.
Transfer: Online or by Phone.
Why Not? £30 in Fixed Fees. Wide Spreads on Exchange Rates. No Personal Assistance from Currency Dealer. Rated 1.1 / 10 by Clients on TrustPilot.

Exchange rate would be approximately *
- GBP: 1.2695 USD to 1.2824 USD
- EUR: 1.1645 USD to 1.1763 USD
- CAD: 0.7909 USD to 0.7989 USD
paypal logoMin. Transfer: No Min.
Transfer: Online.
Why Not? Costlier than Banks. Each Transfer Costs 2.9%+ to its Receiving Party, and 2.5% in Foreign Exchange Fees to the Payer.

Exchange rate would be approximately *
- GBP: 1.2630 USD or worse
- EUR: 1.1645 USD or worse
- CAD: 0.7909 USD or worse

* Expected Rates reflect our rate expectations based on our research. We do not guarantee accuracy. For some companies we used a range of rates because they offer wholesale rates for large trades and higher rates for small trades.

 

Supported Countries & Payment methods

With World First you can send money to the US from the following countries: UK, Australia, Germany, Canada, Italy, France, Austria, China, Japan, Hong Kong, Singapore, New Zealand and many more locations. To complete your inquiry you are encouraged to complete the form on their website. With World First, you can wire money to a USA bank account using a domestic bank transfer or a debit card.

WorldFirst has licenses to on-board clients in 48 US states (all of them bar Alabama, Nevada and Hawaii) which makes it the only international company that has such a big reach in USA.

Currencies Direct will take on any clients, regardless of where they’re located (with the exception of countries which are banned for trading). With them you can wire money to a USA bank account in just a couple of days.

Azimo is a company that is more focused on remittances in general, but can still take care of any kind of money transfer. The only downside is the fact that they only take clients from Europe and the UK.


Best Company to Transfer Money from USA

Service Provider

Summary

Recommendation

worldfirst-logoMin. Transfer: $1,000.
Transfer: Online or by Phone.
Why Them? Regulated Locally by American FinCEN (as well as in UK, Australia and Hong Kong). Local Offices in Washington DC and Texas. Can Take on Clients from Most States.

WorldFirst
WorldFirst Review

Supported States & Currencies

With World First you can send money from the USA from the following states: California, Texas, New York, Illinois, New Jersey, Ohio, Pennsylvania, Maryland, Indiana and 36 more States. The service is not available for clients from Alabama, Hawaii and Nevada.

In terms of currencies, there are over 100+ supported. Top destinations to move large amounts from the USA to (for purposes like investment, business or relocation) are: UK, Australia, South Africa, Japan,Italy, Spain, Germany, Canada and Israel. Top destinations for remittances include China, Bangladesh, India, and Mexico.

When you compare money transfer from USA to India, you have to bear in mind that with World First the price becomes better as much as you transfer more. So for small remittances it might be best to use companies like Transferwise where spreads are fixed.


Today’s Foreign Exchange Rates for USD

GBP to USD – Pounds to US Dollars; 10,000 GBP is 12,954.0000 USD

USD to GBP – US Dollars to Pounds; 10,000 USD is 7,719.6233 GBP

EUR to USD – Euro to US Dollars; 10,000 EUR is 11,882.2234 USD

USD to EUR – US Dollars to Euro; 10,000 USD is 8,415.9333 EUR

AUD to USD – Australian Dollar to US Dollars; 10,000 AUD is 7,960.4252 USD

USD to AUD – US Dollars to Australian Dollar; 10,000 USD is 12,562.1430 AUD

CAD to USD – Canadian Dollar to US Dollars; 10,000 AUD is 8,070.0224 USD

USD to CAD – US Dollars to Canadian Dollar; 10,000 USD is 12,391.5393 CAD

USD to CHF – US Dollars to Swiss Franc; 10,000 USD is 9,613.2469 CHF

CHF to USD – Swiss Francs to US Dollars; 10,000 CHF is 10,402.3127 USD

NZD to USD – New Zealand Dollar to US Dollar; 10,000 NZD is 7,173.9492 USD

USD to NZD – US Dollars to New Zealand Dollar; 10,000 USD is 13,939.3238 NZD


Read Our Article: The Dollar As A Global Dominant Currency

 Why Send Money to a US bank account?

The US Dollar is the most popular currency in the world in terms of trading volumes. Part of that trading volume could be attributed to speculators and national banks, but a significant portion of it comes from individuals and businesses that are sending money to and from the US.

Business: Over $1.64 trillion have been exported from the USA in 2014. Over $2.37 trillion have been imported into the USA in the same year. The vast majority of international businesses, from sole traders to large corporations, deal with US Dollars and would lose substantial sums of money if they were to use bank rates. Popular cities for business transactions to USA include

Expats & Immigrants: The number of immigrants and expats residing in the USA passed the 40 million mark some years ago. The land of the free is a popular destination for all the right reasons: Top notch universities (43 out of the top 100 universities in the world are American), it is a top 20 country in the world (Quality-of-life Index ), a home ownership rate of almost 70% not to mention it is well paid with an affordable cost of living (LA is almost similar to Amsterdam). Many immigrants are also moving to and transferring money to Canada, which is arguably a better place for immigrants (view comparison). Read more with our Legal USA EmigrationGuide.

Real Estate: Since the world financial crisis in 2008, the US economy is growing stronger. The unemployment rate is decreasing and most cities appear to be on the right track. Those who invested in purchasing real estate in the United States back then were able to buy a house in Miami, FL, for about 55% of what it previously sold for. Since then, property has constantly increased in value to be where it was before the crisis.

According to Forbes, the top 3 cities to look for in US are San Francisco, New York and Los Angeles. But why this cities in particular?

San Francisco – Nearby Silicon Valley, has spurred interest in the city and secured its place as one of the country’s best performing housing markets.

New York – It is New York, nothing special happening. Is just keeping the image of the city where everyone wants to leave at least a short period of their lives.

Los Angeles – The Chinese have invested close to $5.9 billion in recent years and specialists predict that more money will come from other investors as well.

Thinking Of Relocating To The US?

If you consider moving to the USA and live there as an expat, you may find the following information helpful.

Advantages Of Moving To USA:

  • Low Inflation: 0.7% currently, which does not fluctuate a great deal.
  • FAFSA: United States student loans, although burdensome because of tuition costs give those who want to attend university the opportunity to do so. This has produced a 40% rate of Americans holding college degrees.
  • High Hourly Minimum Wage Rate: $7.25 USD per hour.

Disadvantages Of Moving To USA:

  • Expensive Education: The average university tuition per year is 10,000 USD.
  • Expensive Health Care: On average, the U.S. citizen who is not eligible for Obamacare has to pay 3,000 USD per month in health insurance that does not include dental and vision.
  • High Cost of Living: Average rent in the USD is 2,000 USD per month. The average salary is 35,000 USD per year. Combined with rent and salary, there is not much left for quality of life in the generations graduating university trying to start families.

Popular Destinations in the USA:

Popular cities for business and real estate transactions from abroad, in the United States: New York City (NY), Los Angeles (CA), Boston (MA), Austin (TX), Huston (TX), San Francisco (CA), San Jose (CA), Portland (OR), San Diego (CA), Chicago (IL), Washington DC, Bridgeport (CN), Atlanta (GR).

CD_EO_Florida_250x250


How to Send the Money

1. Have the following details ready (your currency dealer can assist you, but it will make the transfer quicker):

  • Name of person sending the money.
  • IBAN number of the receiving account.
  • Routing Number / BIC number of the receiving account.
  • Amount sent.
  • Purpose of the transfer, and relation between transferring individual and recipient.
  • Name of account holder on the other end.
  • SWIFT code (BIC) of the recipient.

Please note: Due to compliance with Anti Money Laundering laws, the process of setting up a verified account is somewhat similar to the one banks have when they take on new clients. That means that clients from some regions (outside the EU) will have to supply multiple documents in order to register. Even though it may strike that this method is not the easiest way to send money to the USA, it is most certainly the cheapest way to do so.

2. Receive a free quote (either through the online system with default rates, or via telephone where the rate is somewhat negotiable).

Once you have compared it to the bank, and to other companies you’ve tested, and you feel content with it, you can accept it. At that moment the currency exchange rate is locked, and you have to transfer money domestically to the company via bank wire. When they receive it, they will exchange your money to or from USD, and send it to its global destination.

Our Company Recommendation:


Regulations and taxes on USA Money Transfers

The US Dollar (US$) is the most widely traded currency in the world. It is free floating, fully convertible, and free from any exchange controls. However, foreign exchange regulations are set at a state level, and must be done through a financial institution in the state in which you are trading.

The Federal Reserve System

The USA is divided into 12 territories or districts, each with its own Federal Reserve Bank. The Board of Governors of the Federal Reserve System (the Fed) oversees the financial system at a national level. Also at a national level are the Federal Deposit Insurance corporation (FDIC) and the Office of the Comptroller of the Currency, which monitor the banking sector, as well as the US Securities and Exchange Commission (SEC), which regulates capital markets.

Transfer regulations

There are no transfer restrictions on money going in and out of the USA. However, each of the 12 districts have specific regulations, and any foreign exchange companies must be verified in their district or state.Thus, corporations such as Moneycorp – which is only registered in Florida – can offer foreign exchange only in Florida, New Mexico, Indiana, Wisconsin and South Carolina. Other corporations, such as World First, are registered with the majority of states, can offer its services to 90% of USA residents.

Taxation on foreign income

US residents are taxed on any foreign income. Non-residents are taxed only on income originating in the USA. Double tax treaties are in place to avoid double-taxation.

Biggest banks in USA

  • JPMorgan Chase
  • Bank of America
  • Citigroup
  • Wells Fargo
  • U.S. Bancorp
  • The Bank of New York Mellon

No matter if you are doing business or have friends in the United States, you can rest assure that sending money to USA is not going to be a hassle. So, start worrying for other things because you now know how to transfer money to US with zero fees.