HOW TO transfer money overseas
bank to bank
Wire Transfer: Allows money to be wired between bank accounts.
Time: 1-5 days
Cost: Bank commission + Telegraph fee (~$50) + Commission charged by receiver's bank
Demand Draft: Allows money to be withdrawn from another person's bank account without a signature like a check.
Time: 1-2 days
Cost: Bank commission + Currency exchange fee + Expense of collection
Time: 1-5 days
Cost: Bank commission + Telegraph fee (~$50) + Commission charged by receiver's bank
Demand Draft: Allows money to be withdrawn from another person's bank account without a signature like a check.
Time: 1-2 days
Cost: Bank commission + Currency exchange fee + Expense of collection
check
Traveler's Check: Allows money to be cashed or used for payment with the holder's signature.
Available at American Express
International Money Order: Allows money to be cashed with the holder's signature.
Cost: Under $5, depends on where you buy (Wal-Mart, CVS, U.S. Post Office, banks). Payment by cash or debit card.
Available at American Express
International Money Order: Allows money to be cashed with the holder's signature.
Cost: Under $5, depends on where you buy (Wal-Mart, CVS, U.S. Post Office, banks). Payment by cash or debit card.
phone to phone/online
PayPal: Allows money to transferred instantly into PayPal account.
Time: No delay between Pay Pal accounts. 3-5 days between PayPal and bank account.
Cost: Depends on country..
Xoom: A PayPal service, limited to sending money from the US to approximately 50 countries.
Time: Up to 4 days
Cost: Depends on country.
Time: No delay between Pay Pal accounts. 3-5 days between PayPal and bank account.
Cost: Depends on country..
Xoom: A PayPal service, limited to sending money from the US to approximately 50 countries.
Time: Up to 4 days
Cost: Depends on country.
CASH TO CASH
Western Union: Accepts only USD through participating banks or online. Offers debit card.
Time: No delay
Cost: $15 for $1-500, $20 for $501-1000, $25 for $1001-2000, $30 for $2001-9000
Money Gram: Accepts only USD through participating banks or online. Offers debit card.
Time: No delay
Cost: $13 for up to $500, $18 for $501-1000, $21 for $1001-2000, $25 for $2001-5000, $35 for $5001-9999
Time: No delay
Cost: $15 for $1-500, $20 for $501-1000, $25 for $1001-2000, $30 for $2001-9000
Money Gram: Accepts only USD through participating banks or online. Offers debit card.
Time: No delay
Cost: $13 for up to $500, $18 for $501-1000, $21 for $1001-2000, $25 for $2001-5000, $35 for $5001-9999
pre-paid debit card
Great alternative to cash and traveler's checks. No credit check or bank account needed.