Best way to Transfer Money Between USA and Ireland

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

Maybe you are moving back home to Ireland from the USA.
You could be buying a property in Ireland or the USA.
Perhaps you need to send money to a relative abroad , or you have savings that you need to transfer?

In general, people will usually use the services offered by their own bank when it comes to transferring money. Most people will be unaware that thousands could be lost on poor foreign exchange rates and fees.

Sending Money from the USA to Ireland

A report by Capital Investments Ltd found that in 2019 , people in the USA sending money to other countries paid more than $7.3 billion in fees and exchange rate markups.

By using a currency broker you can reduce those exchange rate markups and often avoid fees.
Not all currency brokers are authorised in the United States. – but we have listed three that are.

Currency Brokers Authorised in the USA

Currencies Direct

Currencies Direct USA Ireland

Currencies Direct is one of the bigger money transfer companies in the world. They have been operating since 1996 , have over 500 employees, and transfer more than £7.5 billion annually.
In the USA, Currencies Direct is registered as a Money Services Business with the Financial Crimes Enforcement Network (“FinCEN”) . (Currently just in 11 of the US states.) . They also have an office in Florida.

Currencies Direct also offer a Multi-Currency “Wallet” which allows you to swap your money held in USD, GBP or EUR into any other major currency.

Once you have registered with Currencies Direct you can arrange transfers over the phone or online. You can request a quote for currency exchange on their website.

Currencies Direct Ltd is authorised by the UK Financial Conduct Authority as an Electronic Money Institution.
In Europe, they are authorised by the Bank of Spain to operate as an Electronic Money Institution.


TransferWise is an online peer to peer exchange company with its HQ in the UK. Residents of the USA are allowed to register with Transferwise since it is licensed as a money transmitter in all US states apart from Nevada and Hawaii. TransferWise is also registered with the US Financial Crimes Enforcement Network (FinCEN) .
In the EU Transferwise is licensed and regulated by the National Bank of Belgium.


There is no minimum transfer amount – so they are great for smaller transfers. Exchange rates at Transferwise are close to the Interbank rate and fees are based on a percentage. (For example, $49 to transfer $10,000 US Dollars to Euros.)

If you are located in the US – you can visit the  Transferwise US Website to find out more and register.

TransferWise is ideal if you have third party payments being sent to you in dollars. They have a free “Borderless account ” which allocates you a US bank account number and routing number. You can give the account number to third parties who can then pay US dollars into it like any normal US bank account. Once you receive the payment you can then exchange it with Transferwise into Euros or another currency and transfer it to your destination bank account .

US residents can also directly link a TransferWise account to a US bank, credit card provider, PayPal, and also set up direct debits.


Transfermate is a Dublin based worldwide foreign exchange company with offices in New York, Chicago and San Francisco.
In Ireland, it is regulated by the Central Bank of Ireland.
In all states of the USA TransferMate is registered as a Money Services Business with the Department of Treasury Financial Crimes Enforcement Network. Therefore US residents are allowed to set up an account with Transfermate.
If you need to transfer money between Ireland and USA , Transfermate is more suitable for larger transfers – the minimum transfer amount is €1000.

You can set up an account and arrange currency transfers via their website Personal support is also available over the phone.

Transfer Money from Ireland to the USA :

The following Companies are Authorised in Ireland or other EU Countries.


Fexco is based in County Kerry and is authorised as a payment services provider by the Central Bank of Ireland. You can ask Fexco to exchange your Euros into US Dollars and transfer the funds to a bank account in the USA. 

exchange dollars to euros

So, if you are moving to the USA or just sending funds to a relative, Fexco will help you get the most from your money with bank-beating exchange rates.(Note: Residents of the US cannot register with Fexco.)
You can get a quick quote online at the Fexco Website


If you are happy doing everything yourself online  –  you can use the online exchange service  CurrencyFair .
CurrencyFair is based in Dublin and regulated by the Central Bank of Ireland. With CurrencyFair you can exchange money straight away at the best available rate. There is no minimum transfer amount.

currency fair

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 also use CurrencyFair to receive US Dollars from someone overseas. (They don’t need a CurrencyFair account).
Once they have paid you the Dollars you can then convert the dollars into Euros and transfer them to your “main” bank account. (€3 fee).

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 .

You may also be interested in our page about Sending Money From the UK to Ireland.