How to send money to the United States
Learn how to make a money transfer to the United States at the best USD rate with these 4 steps
1. Check the USD interbank exchange rate against the currency you want to send
Although the evolution of the exchange rate is uncertain, it never hurts to monitor it in order to optimize how much the recipient will get. Monitor the evolution of the United States dollar mid-market and send the money when the exchange rate reaches your target level.
2. Compare the more than 41 providers sending money to the United States in order to find the best deal.
Monito compares many different providers to make money transfers to the United States, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. You can save a lot of money by comparing all your options to find the best deal for your upcoming money transfer.
3. Choose the best provider for your specific needs
Pick option with the lowest fees and best exchange rates, fastest transfer speed, highest reviews, or the best compromise.
It is also interesting to consider the pay-in and pay-out options. You may have the possibility to pay by a local bank transfer or by debit or credit cards. In United States, you often have to decide if you want the amount in USD to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your transaction to the United States with the service you selected
Now, simply fill the sign-up form on the money transfer provider's website - be prepared to upload an ID and/or a proof of adress - and set upyour transfer.