Best way to Transfer Money Between USA and Ireland

If you need to transfer money between Ireland and the USA – you will usually save money by NOT using your own bank to do it for you.

Maybe you are buying property in Ireland or the USA. Maybe you are sending money to a relative, or you have savings or regular amounts that you need to transfer from one country to the other.

Whatever the reason – listed below are a few options for converting and transferring money between Ireland and the USA.
You may have have US Dollars in a US bank and you need to transfer it to a Euro bank account in Ireland or elsewhere in Europe.
You might you if you have Euros in an Irish bank account and you want to convert it to US Dollars and send it to a bank in the USA.
There are also options for receiving payments from third parties in US Dollars.


Sending Money from the USA to Ireland

  • TransferWise .  is  an online exchange company that cuts out the banks and for a small fee allows you to get exchange rates that are pretty close to the  interbank rates. Residents of the USA and Ireland are allowed to register with Transferwise.
    There is no minimum transfer amount – so they are great for smaller transfers.
    If you are located in the US – you can go straight to the  Transferwise US Website
    TransferWise is also very good if you are getting third party payments sent to you in dollars. You can set up a “Borderless account ” with Transferwise. This gives you a Euro account with IBAN and a US account number and routing number.
    This means you can give this account number to third parties in the US who can then simply pay US dollars into your Transferwise US dollar account as if it was a normal US bank account. Once you get the payment  you can then exchange it online into Euros and transfer it out to an Irish bank.
  • Exchange rates at Transferwise are pretty close to the Interbank rate and fees are low. (For example, $6.86 to transfer $1000 US Dollars to Euros.
  • TransferWise Inc. is registered with the Financial Crimes Enforcement Network (FinCEN) in the USA with money service business registration number 31000065314305. It is licensed as a money transmitter in all US states apart from Nevada and Hawaii.

  • Transfermate is a Dublin based foreign exchange company regulated by the Central Bank of Ireland.  TransferMate is also a registered as a Money Services Business with the United States Department of Treasury Financial Crimes Enforcement Network .
    Transfermate is more suitable for larger transfers – such as house purchase funds . The minimum transfer amount is €1000 .
    US residents can set up an account with Transfermate.

    You can set up an online account and arrange currency transfers via their website or you can phone them for a personalised  service in Dublin on  01 6353776


Sending money from Ireland to the USA :

If you are happy doing everything yourself online  –  you can use an online exchange service such as  CurrencyFair .
CurrencyFair are based in Dublin and regulated by the Central Bank of Ireland. Once you are registered, you can exchange straight away at the best available rate, or request a better rate and when (if)  it is reached, your transfer will take place. There is no minimum transfer amount .

They  charge a small fee of $4 for each transfer into US Dollars.
(Note : US. Residents cannot currently register with CurrencyFair )
Once set up – you can use CurrencyFair to receive US Dollars from someone overseas. (They don’t need a CurrencyFair account)currency fair

You can simply give them The CurrencyFair US dollar bank account details and your CurrencyFair customer account number to use as a reference number. Once they have paid you the Dollars you can then convert the dollars into Euros on CurrencyFair and transfer it out to your “main” bank account. (€3 fee).


Fexco is one of Ireland’s biggest multinational financial and business solutions provider, with operations in 29 countries worldwide.  Established in 1981 in County Kerry, it now employs over 2,300. Fexco is authorised as a payment services provider by the Central Bank of Ireland, and is also regulated by the Financial Conduct Authority for the conduct of payment business in the UK. Fexco can exchange your Euros into US Dollars and then transfer the funds to your chosen bank account overseas.  (Note: Residents of the US cannot register with Fexco.)

exchange dollars to euros

Fexco’s payments specialists can also give advice on services like forward contracts and rate alerts to reduce your exposure to fluctuating exchange rates.
You can get a quick quote online at the Fexco Website


Transfermate, is based in Dublin and regulated by the Central Bank of Ireland.  You can use them to send money from Ireland to the USA. Minimum transfer is €1000 . US residents can use Transfermate as well as residents of UK , EU and several other countries.

You agree on an exchange rate (better rates for bigger amounts) and then after you pay in your Euros, Transfermate will convert it to US Dollars and pay it to your nominated bank account in the USA. (It doesn’t have to be your account) . You can phone them for a personalised service in Dublin on  01 6353776 . Once you have registered you can set up an online account and arrange currency transfers via the Transfermate website .


If you are just looking for travel money (cash) – have a look at our page on The Best place to buy US Dollars in Ireland before you travel.