E*Trade to Europe transfer

[someCitizen]

Has anyone been able to set up a cost effective way of transferring dollars in E*Trade to Euros in a European bank?

I've seen some discussion on this previously but it seems that previous solutions may no longer be the best way to do things.

Thanks in advance

 

[DublinTexas]

You could look at Wise, you will get a US Bank Routing Number and Account number individual to you which you add as Wire Transfer destination in E*Trade for $ transfers. Unfortunately, it's still Wire Transfer (so you get hit by that E*Trade fee) but it's in US$ and then once it's in Wise you can exchange it there for better rates than E*Trade or your EU Bank account.

Or you can transfer US$ to Revolut and convert it there into € at your own leisure which again might be a better rate than E*Trade.

Unfortunately, all of that will attract the E*Trade Wire Transfer fee (unless you are lucky enough that that fee is 0$ because you have an Employee Stock Plan account that is exempt).

To use the ACH option in E*Trade you need a full US bank account that you can link electronically, otherwise Wire Transfer Fee hits at least from what I understand.

 

[someCitizen]

Thanks @DublinTexas I'll look into wise

 

[Uafásach]

I wire from E*Trade to my Revolut IBAN in US$ (I have a Metal Revolut account). Then I use Revolut to convert US$ to € at reasonable cost. Finally I wire the € in Revolut to my main Irish Bank.
Works for me......