Best way to Transfer Money between Ireland and USA

If you need to transfer money between Ireland and the USA (America) – you will usually save money by not using your 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 a pension that you need to transfer from one country to the other.

Here are some options for 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 . Or if you have US Dollars in a US bank and you need to transfer it to a Euro bank account in Ireland or elsewhere in Europe.

Specialist currency exchange companies will typically use an exchange rate that may be just 1% or 0.5% away from the Interbank rate.  Your bank will typically charge you a rate that could be as much as 3% to 6% away from the same interbank rate. A difference of 4% in the exchange rate would mean $400 less for you on a $10,000 transfer.


Transfermate are 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 . Minimum transfer is €1000 .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


FairFx is another established foreign exchange specialist firm –  and they  have offices in Dublin and London. FairFx have been operating since 2007 and are fully regulated by both the UK Financial Conduct Authority and the UK HMRC . You can arrange one off or regular transfers from Ireland to the USA with FairFx  online or over the telephone.   They will call you back to save on your phone bills. You can call their Ireland representative , Niall Walsh,  on their Dublin number 01  5665546 . He will be able to advise you on exchange rates and the options available to you.


If you are happy doing everything yourself online  –  you can use an online exchange service such as  CurrencyFair  CurrencyFair , once you are registered, allows you to exchange straight away at the best available rate, or request a higher rate and when (if)  it is reached, your transfer will take place. No minimum transfer and you can send in Euros using an Irish debit card. They  charge a small fee of $4 for each transfer into US Dollars. (Not : US. Residents cannot currently register with CurrencyFair)


TransferWise .  is  another fully online 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 are allowed to register with Transferwise.
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 apate from Nevada and Hawaii


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.