Help & Advice

Sending Money to the USA

If you need to make payments to the USA, Currency Index can save you time and money.

Call our experienced dealing team on 0800 043 2623 (+44 207 903 5444 from abroad) to discuss your money transfer to the USA, or click here to open a trading facility without any cost or obligation.

Sending Dollars to American bank accounts via a ‘Swift’ transfer usually takes no more than 24 hours from the UK.

To make a transfer to an American bank, you will need the following information:

Account Number
ABA or Routing Code
Name of Beneficiary (and address if you have it)
Name of Bank (and address if you have it)
Any other routing instructions (eg, send via a particular routing bank)

Occasionally, a Swift or BIC code will be used instead of an ABA or Routing Code. Sometimes both are used, but as long as you have one or the other, the payment should not be delayed.

The ABA or Routing Number is a 9 digit bank code which is used in the United States to identify which financial institution the payment is sent to.

United States ABA or Routing Number Format: XXXXYYYYC

X = Federal Reserve Routing Symbol (Only Digits)
Y = ABA Institution Identifier (Only Digits)
C = Check Digit (Only Digits)

Should you reqire details recognising the BIC (Bank Identifier Code) or SWIFT code, it is made up of 8 or 11 characters and should mirror the following format;

United States of America BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD

B = Bank Code (Only Letters)
C = Country Code 'US' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)

American Bank Charges

American Bank charges for incoming international transfers range from zero to around $50, depending on the receiving and routing banks. Currency Index Ltd has no control of these charges, apart from when using our Regular Payment system for smaller monthly transfers, when we guarantee there will be no charges levied in the USA.

US Dollar Exchange Rates

Currency Index Ltd can supply the very best US Dollar Exchange Rates, from buying property in Florida to importing chicken from Kentucky

To access our live Dollar exchange rates, you will need to open an account, for which there is no cost or obligation. Our friendly, experienced staff will guide you through every step of the process, with one point of contact from start to finish.

Our exchange rates are based on the interbank level – the mid-market price at which banks buy and sell from each other. Currency Index Ltd will offer currency rates for your money transfer based on this rate, along with the volume you are trading, and prevailing market conditions.