If you are looking for the cheapest way to transfer money to the US, then you will want to take a look at all of your options before making your decision.
This could be especially important if you need to transfer large sums of money, when buying a property, for example, or if you need to regularly transfer dollars to the US, perhaps to move your pension instalments.
Enquiring with your local bank about how to transfer money to America is a sensible place to start.
Indeed, banks can usually set up a transaction for you with just one visit or phone call and you can rest safe in the knowledge that the business is well-regulated.
However, the per-transfer fees and poor US dollar currency exchange rate can make this method unsuitable for individuals looking to transfer larger amounts of money.
You could consider using a Money Sending Bureau as an alternative. These are small businesses found on most high streets around the world. But they tend to be poorly regulated and you can expect to pay a per-transfer fee of between ten and 15 per cent every time you want to send money to America.
If you want to avoid these high fees then it might be worth looking in to using RationalFX to make an international money transfer to the US.
Like most foreign exchange brokers, RationalFX can offer a very competitive rate of exchange on the US dollar to consumers.
But we can go one further by promising you low fee transfers and no commissions! You can open an online account with us today to see exactly how much you could save by using RationalFX to transfer money to the US.