If you need to send remittances to America, look no further than our guide below. Continue reading to discover the best ways to transfer money to the United States, including:
- How to get the best exchanges rates and pay the lowest fees.
- How to send large amounts of money to the United States.
- What information you need before the transfer.
Why people send remittances to the USA
Whether you send money a few times a month or just a couple of times a year, it’s vital that you get the best deal for you and your family. From paying mortgages, rent and pensions to giving your family a helping hand, sending money home to the US is an essential commitment.
So if you’re transferring pounds sterling (GBP) or euros (EUR) to the US, follow the steps below to get the most value for your money.
Get the best exchange rates when you send money to the US
Exchange rates are an essential part of every money transfer. A fair exchange rate can make a massive difference to the amount of US dollars (USD) transferred to your recipient.
Azimo’s rate alert feature will tell when EUR to USD or GBP to USD exchange rates are at their best, i.e. the ideal time to make a transfer.
So if you’re sending money from the UK to the USA and £1 = $1.37, setting up a rate alert for when £1 = $1.40 means you’ll never miss out on your ideal exchange rate.
|Did you know? Over two-thirds of all $100 bills in circulation are outside the US.|
Pay the lowest fees on money transfers to the United States
After you’ve found a great rate, you’ll need to complement it with the lowest fees to get the cheapest international money transfers. However, when shopping around for the lowest fees, always consider the transfer’s total cost.
That’s because many banks and money transfer companies advertise tempting “zero-fee or commission” transfers. Usually, offers like these are hiding poor exchange rates. And when you accept an unfavourable exchange rate, money transfer providers pocket the difference. Read our article about the mid-market rate to understand how this works.
If you’re sending money to the United States, use comparison tools like Monito or Azimo’s pricing page. You’ll see how different providers like Azimo, Western Union, TransferWise, etc. stack up side-by-side.
Find out the real cost of a money transfer by doing a bit of research. Sometimes you’ll discover that paying a fee or commission gets you a better overall deal and more money for your recipient.
Send money to the United States securely
When you’re sending money to America, use a trusted money transfer service.
Protect your money by choosing money transfer providers with 3-D Secure technology systems. Innovative security technology such as MasterCard SecureCode, Verified by Visa and CyberSource means you can rest assured that your transfer is in safe hands.
Send money to the US with Azimo
When it comes to sending money to the US, Azimo is a market leader in terms of cost, speed and safety.
Unlike some of its main competitors, Azimo’s pricing structure is clear and straightforward. You always get a great exchange rate and only pay a single, low, transparent fee. That means you’re usually getting the best overall deal compared to banks and other digital providers.
Get fast transfers to the United States, all securely encrypted with bank-level security.
Receive a £10 bonus* when you successfully refer your friends to Azimo. Even better, your friends will get a bonus too.
*Bonuses are paid out as money off your (or your recipient’s) next transfer over £100 or equivalent.
What documents you need to send money to the US with Azimo
You can send money to the US with Azimo by either SWIFT transfer or by bank deposit. To transfer money to the US, you’ll need the following information:
- Your recipient’s six to 17-digit bank account number.
- Your recipient’s SWIFT-BIC number (SWIFT transfers only).
- Their full name, address and phone number.
- Your recipient’s routing transit number (bank deposits only).
How to send large amounts of money to the United States
If you’re looking for the best way to take money to the USA, you’ll be better off sending it online. If you’re sending a large payment like a house deposit to the US, send it with Azimo.
When you register with Azimo, your first two transfers (five for Azimo Business) are fee-free. The first of your fee-free transfers also comes with a special, introductory exchange rate. All this makes your very first transfer the perfect time to send a large amount of money to the US.
After that, use the award-winning Azimo app to set up currency alerts for the American dollar, so you always know the best times to send money.
How to send money to the United States as a mobile top-up with Azimo
Mobile top-up is a feature available exclusively on the Azimo app. You can top up the recipient’s mobile phone from wherever you are, giving them minutes for phone calls and text messages.
Top-ups are especially helpful for those extended long-distance chats with family and friends back home.
To cater for all budgets, we offer instant top-ups ranging from 3 USD to 160 USD on the SinPin PINLESS USA mobile network.
When using the mobile top-up feature:
- The US dialling code is +1, which is pre-selected in the app.
- Most American mobile numbers are 11-digits long in the +1-AAA-BBB-BBBB format.
The first three digits, i.e. AAA, represent the three-digit area code. The remaining digits are your recipient’s personal mobile number.