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Cheap funds transfer to someone in the US

Balfa · 2003-09-13 00:12:50

I need to transfer a couple of thousand euros to someone in the US. What's the cheapest way to do this, and are there legal considerations i need to take into account, such as being slapped with large taxes or duties, or what?

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13-09-2003 1:12am

#1

Balfa

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Join Date: September 2000

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I need to transfer a couple of thousand euros to someone in the US. What's the cheapest way to do this, and are there legal considerations i need to take into account, such as being slapped with large taxes or duties, or what?

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#2 13-09-2003 6:33pm
Victor

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If you are transferrring large amounts of money it will be reported to the regulartory authorities, here (any amount worthty of suspicion) and in the USA (US$10,000), but this is nothing to worry about.

Each bank will have a a system set up to wire the money, one system is near instantaneous the other takes about 2 days. It's simply a matter of shopping around to see who will give you the best deal for the specific amount.

Intra-Euro transfers can be done for less than €1.

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