Best way of transferring money from US to Eire.

2

25euronote

Registered User
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105
Not sure if this is the correct forum, but here goes.,

If one wanted to transfer 50k from the US to Eire, whats the cheapest way of doing it?
 
My Irish bank (AIB) do they charge a fee for receiving the money?

Should I transfer $ and convert on arrival or convert the $ in the US to €?

I am already going to take a hit on the exchange rate (big hit) so I have to cut down on the costs.
 
You could use paypal.ie ....once both the sender and receiver have email addresses . of course fees are around 8 %.

Of course you best option is direct bank transfer ..........you just need to know bank a/c no, - bank sort code , - and iban no.
 
Your best bet for a price is to ask your bank, its called a BACS transfer.

As Doyles said, you will need the details above.
 
since you would be transferring us to eire, us banks are a ripoff on exchange rates and fees, ask your bank there for the rate before transferring and then try transfermate.com , better rates generally than the banks
 
If it's over 25k, don't use your bank as it will cost you a few hundred. They may give you a decnt rate, but only if you shop around. Get a quote from a currency broker (xe.com, currency.ie, etc)
 
cheque
it's free

Keep in mind that a figure that big will alert the tax man...
 
Cheque is best but you have to lodge it for ten working days, not including day in/day out.
 
When you lodge a US cheque you'll most likely get a crap rate, unless you have a US dollar account (Anglo do them). You'll still need to shop around to get a good spot rate when lodging a US cheque.
 
you will get murdered on a cheque as it will take time to clear and you will get a terrible rate of exchange
 
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