How Do You Send a Euro Money Transfer?


Quick Answer

Banks, credit unions and money transmitters offer services to transfer money internationally into Euros, according to MyBankTracker. These banks and private services allow consumers to transfer money from one account to another, nationally or internationally, while choosing which form of currency they want the recipient to receive.

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How Do You Send a Euro Money Transfer?
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Full Answer

Large banks, such as Bank of America, allow international wire transfers to more than 200 countries, claims Bank of America Corporation. Recipient banks receive transferred funds in two business days, in most cases. It is possible to issue transfers in person by visiting a physical banking center, or to use online banking features.

Some banks charge additional fees if money is converted from dollars into a foreign currency, reports MyBankTracker. Banks use flat-fee systems for foreign money transfers, making them a good choice when transferring sums of money in excess of $1,000, as of 2015. Money transmitters typically impose fees by factoring in the destination, the amount being sent, and the delivery time, and often give cheaper transfer fees than banks on transfers totalling less than $1,000. Credit unions have lower fees than banks, and many don't charge any fees for foreign or domestic incoming transfers. Credit unions also have favorable statistical averages in outgoing foreign and domestic fees when compared to banks.

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