Wire transfer from America
Does anyone know of any bank in America that will execute a wire transfer to another country for a customer who does not hold an account with them? Or do most banks require you to hold an account with them?
Best Answer
Where would the money come from, if you do not have an account with that bank? Are you trying to bring cash to a bank to turn in to a wire?
In any case, the answer is probably no. Banks are required to verify identity for international transfers as an anti-terrorism and anti-laundering practice. Nothing, as far as I know, stops you from opening an account in a bank, depositing the money, and sending a wire with it, provided you have suitable identification.
We might be of more help if we knew why you needed to do this, in case alternative methods of transfer are available. For small amounts, for example, you could use an International Postal Money Order.
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How much money can I wire from USA?
How much money can you wire without being reported? Financial institutions and money transfer providers are obligated to report international transfers that exceed $10,000. You can learn more about the Bank Secrecy Act from the Office of the Comptroller of the Currency.How do I do a wire transfer Bank of America?
What Are the Best Ways to Send Money Internationally? You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, TransferWise or Paysend.How can I send money internationally from USA?
To transfer money from the US to the UK, you can use a bank or a money transfer company. It normally takes 2-4 working days for your money to arrive. Money transfer companies are normally a cheaper and more efficient option. Some money transfer companies also offer guidance on exchange rates and timing.How to make Wire Transfer from Bank Of America?
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Answer 2
I've personally used TransferWise. To send to and from the USA, seem to be pretty low rates and easy to use. You do not need to have the same bank as the sender or receiver. Was using PayPal at first but that's very expensive especially when sending a big amount.
Answer 3
I've used http://xe.com/ and https://www.moneycorp.com/uk/ to move money from the the US to Europe (family). My bank would do it as well, but these services are a lot cheaper.
Of course you need an account with them, but it's not a big deal: open the account, deposit the money, transfer the money, close the account or let it sit empty. It's similar to opening an account with an online retailer like amazon.com.
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