US bank with good exchange rate Euro/Dollar?

[caroledfb 0]

Hi all,

Does anybody know a US bank (in Caifornia) offering good exchange rates for wire transfers from European banks?

I have no choice, I will receive Euros directly and not dollars but all US banks I checked had a bad echange rate

Thanks!

[Nanusia & Lukaszek 0]

Hi all,

Does anybody know a US bank (in Caifornia) offering good exchange rates for wire transfers from European banks?

I have no choice, I will receive Euros directly and not dollars but all US banks I checked had a bad echange rate

Thanks!

All banks charge a 3%+ surcharge on incoming transfers that involve a different currency. The only way to avoid this, is to have someone in the EU locally transfer the cash & send. Otherwise, no luck

[Mary G. 0]

You can register with a foreign exchange service such as www.ozforex.com or www.xetrade.com. Their rates are much better than any banks. They require a little effort up front--you must upload a copy of your passport and a signed application. Then they will call you to ask you a few questions as part of their compliance procedures. But their rates are much, much better than any banks. I personally would recommend ozforex, as their rates seem a little bit better than xetrade. But it depends how much money you're transfering. Ozforex has a minimum of $2000 Australian Dollars requirement, and for amounts under $10,000 Australian Dollars, they charge a $15 fee. They do not charge for wires, however, whereas xetrade seems to charge for sending a wire. What happens is that you send them your money, they do the conversion, and then send it to your bank.

Hope this information helps!

Best wishes,

Mary

Hi all,

Does anybody know a US bank (in Caifornia) offering good exchange rates for wire transfers from European banks?

I have no choice, I will receive Euros directly and not dollars but all US banks I checked had a bad echange rate

Thanks!

All banks charge a 3%+ surcharge on incoming transfers that involve a different currency. The only way to avoid this, is to have someone in the EU locally transfer the cash & send. Otherwise, no luck