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Old 01.08.2019, 17:12
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Re: Transferring money to America

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Bumping this old thread because I need to transfer money from here to the States to help someone with an emergency. In the past I would just take cash or the travelcash card, but I'm not physically going any time soon and they need the cash now.

The issue is that I do not bank with a traditional U.S. bank. It is a credit union. Therefore they only have an ABA routing number. There is no BIC or SWIFT, and they don't partner with a bank that has BIC/SWIFT. My MigrosBank account allows international transfers but it needs BIC/SWIFT.

I have scoured the sites of Transferwise and Currencyfair, and neither are transparent about how (or if) it works to send money to the States when you only have the ABA. It's not very clear from some of the other threads here either. Both sites want you to register for an account first. I'd prefer to know how or if this works before I share all my personal info. Revolut's website is even less transparent on how things work.

The rates for both seem too good to be true - charges of about 5 Francs to send 1,000 USD?? Really??

Thanks for any insight. Maybe it is actually easy and I'm just being mistrustful.
Post finance offer post cash as an option, the postman will deliver a USD cheque (Post finance believe it's actual cash) I did this by accident sending to Charles Schwab, the amount was Brocken up into $2000 cheques.

I use currency fair for fairly large USD transactions, today they asked for further info as I was sending to Jersey which is a higher risk destination. All resolved within 1 hour. My USD to Euro rate was 0.9022 with a €3 share for sending the euros.
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