C clyncher Registered User Messages 1 24 Apr 2015 #1 What is the most cost effective way to transfer my USD into my Irish bank account? There is no time constraint. Thank you
What is the most cost effective way to transfer my USD into my Irish bank account? There is no time constraint. Thank you
S so-crates Registered User Messages 1,861 24 Apr 2015 #2 Assuming the balance is reasonably substantial (say more than €1000) the best way is to use a forex company to transfer the money. Examples would be Transfermate, Currencyfair, https://transferwise.com/ (Transferwise), XE. You would need to set up with them first (similar effort to setting up a bank account) and then you could transfer the money. There are several threads on this topic already. For example http://www.askaboutmoney.com/threads/currency-exchange-which-is-best.187121/ http://www.askaboutmoney.com/threads/maximising-return-on-converting-usd-to-euro-cheque.183902/ http://www.askaboutmoney.com/threads/transferwise-foreign-exchange-without-the-commission.150816/ There is also this key post which lists more options. http://www.askaboutmoney.com/thread...-in-euro-to-and-from-other-currencies.185972/ Personally I have used Transfermate and found them to be efficient and considerably more cost-effective that using the bank. But they should all beat the bank so shop around and see which one suits you best in terms of rate, charges and set up.
Assuming the balance is reasonably substantial (say more than €1000) the best way is to use a forex company to transfer the money. Examples would be Transfermate, Currencyfair, https://transferwise.com/ (Transferwise), XE. You would need to set up with them first (similar effort to setting up a bank account) and then you could transfer the money. There are several threads on this topic already. For example http://www.askaboutmoney.com/threads/currency-exchange-which-is-best.187121/ http://www.askaboutmoney.com/threads/maximising-return-on-converting-usd-to-euro-cheque.183902/ http://www.askaboutmoney.com/threads/transferwise-foreign-exchange-without-the-commission.150816/ There is also this key post which lists more options. http://www.askaboutmoney.com/thread...-in-euro-to-and-from-other-currencies.185972/ Personally I have used Transfermate and found them to be efficient and considerably more cost-effective that using the bank. But they should all beat the bank so shop around and see which one suits you best in terms of rate, charges and set up.