International Bank Transfers from the US - Western Union (2024)

FAQs

International Bank Transfers from the US - Western Union? ›

Choose to send money internationally or locally, directly to your recipient's bank account, a nearby Western Union location or to their mobile wallet.

Choose to send money internationally or locally, directly to your recipient's bank account, a nearby Western Union location or to their mobile wallet.

Transferring money to an international bank account

The Reserve Bank of India (RBI) allows Indian citizens to make international remittances of up to USD250,000 per financial year through the Liberalised Remittance Scheme. You can send money overseas via a: bank.

Bank of the West international wire transfers are available – but there is a fee to pay, and personal account holders can't send money internationally online.

Is it safe to send money with Western Union? Yes. Western Union is one of the oldest and most trusted names in money transfers, and it is insured and approved in a variety of countries.

Generally, if a wire transfer is worth more than $10,000, it should be reported to the IRS. Still, a few exceptions exist where such transactions do not need to be disclosed. If you have encountered a tax issue, seek assistance from our Dual-Licensed Tax Lawyers & CPAs by calling the Tax Law Offices of David W.

You will require: Their Bank Identifier Code (BIC), SWIFT code or national bank code. Their bank account number or International Bank Account Number (IBAN). Their full name.

Average wire transfer fees

Wire transfer fees have a wide range – from $0 to $50, depending on how and where you're sending the money. Domestic outgoing wire transfer fees typically range from $0 to $35, while international outgoing wire transfer fees are usually $35-50.

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Sending a Western Union money transfer costs $5 + 1% for any amount between $0 –$300.99 and $5 + 1.75% for amounts between $301 –$999.99 of the money transfer.

Can I send $5000 through Western Union? ›

Western Union unverified accounts can usually send up to 3,000 USD. If you want to send more you must verify your account with some ID - once verified, the upper limit can be 50,000 USD.

You can send money to bank accounts around the world. Enter your receiver's details. To send money to a bank account, simply enter your receiver's details, including their name and address and bank account details. If you've sent to the same receiver before, their details are automatically saved.

Online transfer services like Western Union offer cheap international money transfers. Better exchange rates and lower transfer fees often make these providers a cheaper way to send a transfer than using a big bank.

Generally, an international wire transfer takes between one and five days for the money to arrive in your receiver's account. Some might take longer. Setting up an international wire transfer can be simple and take a few minutes.

Outgoing wire transfer fees range from $20-35 for domestic transfers, and $35-50 for international transfers. Incoming wire transfers may range from $0 to $16. To estimate international and domestic transfer fees, use your bank's transfer service online calculator (if available).

The Western Union^® app lets you transfer money to another bank account in just a few taps.

Generally, an international wire transfer takes between one and five days for the money to arrive in your receiver's account. Some might take longer. Setting up an international wire transfer can be simple and take a few minutes.

The sender will have to initiate the transfer from their bank account usually via online or mobile banking. All you'll need to do is provide some details including your name, account number, residential address, your bank's name and a SWIFT or a Bank Identifier Code (BIC). You can request these from your bank.