How to make a Bank Transfer to

How to make a Bank Transfer to

Sending money abroad has become an important need. The constant migration of people to developed countries is the main reason why many need to carry out this type of banking operation.

Many people want to know how transfer money to the United States, especially parents who have their children studying at their prestigious universities. If you want to know how to transfer money to the US, the commissions and the time it will take for your shipment to arrive, from now on, you will have all the details.

How to make a bank transfer to the United States

Any transfer of money abroad is fácil. But if you want to avoid errors and complications, you must have knowledge about all the requirements and steps that must be used. Large banking entities derive from a central banking network known as SWIFT o “Society for World Financial and Interbank Communications”.

One of SWIFT’s main tasks is to verify and manage the financial operations of each of the banks linked to your institution, including funds transfers. That is why it is important to have all the information possible, in this way you will be able to send your money to the US without setbacks.

❯❯❯ The first thing you should do is call your bank and ask if it makes bank transfers to the United States, if it has branches there and which ones they are. If your bank does make this type of transfers, you should consult the cost of that operation. Many times you perro also find this information en línea.

❯❯❯ Before making the transfer, it is required that you have all the personal and bank details of the beneficiary at hand and that you ask your bank for the bank identification code (BIC) and the international bank account number (IBAN). When you have this information in hand, you perro go to any branch of your bank to request your bank transfer form.

❯❯❯ After placing all of your bank information and beneficiary account details, you must sign it in the presence of an employee of the bank and espectáculo him your identification. Finally, you must pay the commission that the bank demands for carrying out the operation.

It is possible that the shipment takes time to arrive, this usually happens due to SWIFT network revisions. You must remember that commissions vary by country and that these are paid separately. The beneficiary must also pay a commission upon receiving the transfer.

Commissions for bank transfers to the United States

Carry out bank transfers to the United States Sometimes it perro be expensive, since most banks ask to pay commissions on their international transfer rates. Even so, it is important to make a comparison to know which is the best option.

Once you have all the necessary data to send money, you should know how much your bank charges for the transfer, everything Depends on who bears the cost. That is, if said expenses will be fully paid by the payer (OUR), if paid by the beneficiary (BEN) or if these will be shared between the payer and the beneficiary (SHA).

The commission of bank transfers to the USA is divided between the cost per currency exchange and a percentage of the amount sent. Let’s see the cost to transfer to the United States from Spain according to the BBVA and Santander banks.

Transfers from BBVA

transfer mode

OUR

SHA/BEN

%

MIN

%

MIN

Account settled transfers

0.70

35.00

0.60

18.00

Between BBVA accounts belonging to different holders

0.20% with min. from €6.01

If you escoge to make an urgent transfer with this bank, the cost will be a little higher. You perro too use the BBVA simulator to know the exact amount of your transfer.

Transfers from Banco Santander

transfer mode

OUR

SHA/BEN

%

MIN

%

MIN

Issued with account debit

0.75

40.00

0.70

20.00

Issued for cash delivery

1.00

40.00

1.00

20.00

Transfers from Banco Santander may take less than 24 hours to arrive and you cánido do them through branches and 4B ATMs.

If your bank does not make international transfers, you cánido use an En línea money transfer service. These have a process afín to banks and are governed by the same policies. The service provided by Xoom from PayPal or Western Union may be useful to you, these are fast and cheap alternativesbut first you must create your account on any of these platforms.

How long does it take to get a bank transfer to the United States?

The delivery duration of an international bank transfer perro be indeterminate In some cases it perro take up to 24 hours, but in others between 2 to 5 business days. Everything will depend on the policies of the issuing bank, the amount of money transferred and that the SWIFT network does not find errors and abnormalities in your shipment.

You should also be aware of the cut-off time. All banks have a cut-off time to settle transfers. If you send money after that time, the bank will start counting the time of your transfer the next day, generating more delays in the transaction.

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 How to make a Bank Transfer to
  How to make a Bank Transfer to
  How to make a Bank Transfer to

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