Guide to Sending Money to the USA

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You can use this form to request a quote for your transfer from our team. We will be in touch to discuss your requirements, during business hours (9am-5.30pm Mon-Thu & 9am-5pm Fri, UK time)

send money to usa

  • Find out how much you could save on your money transfer to the USA
  • FCA regulated service, established 2008
  • No commission charges - the rate you see is the rate you get
  • We won't pass your details to anyone else

USA money transfers

Sending money to the USA is fast, easy and secure with Currency Index, and you can save up to 4% on the exchange rate alone, compared to your bank or other providers. Contact us using the form below if you would like more information on our service, or you can register with us to set up a trading facility today.

Currencies usually accepted: US Dollar (USD)

Typical money transfer time to USA: same day (TT)

Transfer charge: FREE if sending over £30,000, otherwise £12 per TT payment

USA payment instructions

Payment details needed for USA money transfers:

  • Name of Beneficiary (and address if you have it)
  • Name of US Bank (and address if you have it)
  • Account Number
  • SWIFT (or BIC) code, or ABA (Routing) number
  • Occasionally: further credit instructions to destination bank

These can usually be found on your bank statement or other paperwork, and as some smaller US banks rely on other banks to route funds to them, we recommend you forward the full instruction to your Currency Index account manager when you instruct your payment to the USA.

If you are paying a third party (eg, lawyer, supplier, other individual) you can forward on the invoice or paperwork you have been sent, and the payments team at Currency Index will take care of the rest, without you needing to fill in endless forms.

Questions on sending money to USA

Which is better to have, a Routing Code (ABA) or Swift Code?

A Swift (or BIC) code is preferable for your payment instruction, but either is fine, or we can include both on a payment instruction made on your behalf, if you have been provided with them.

How are American BIC / SWIFT codes made up?

8 or 11 characters, made up as follows:


US = country code for USA

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

Can you provide proof of payment?

Yes, once we have sent payment on your behalf, we can issue an International Payment Receipt, giving proof of the transferred amount and beneficiary. This service is free for payments over £10,000, otherwise a £5 charge would apply.

Is there a minimum or maximum transfer amount?

Generally, Currency Index's service is only efficient for payments to the USA of over £1,000 equivalent. There is no maximum amount we can transfer on your behalf.

Will I pay any American bank charges?

Sometimes, the receiving bank or an intermediary (routing) bank will take a small charge from your payment, typically around $25. There is no way to be sure if this will happen for an individual payment, but if you need an exact amount to arrive with a beneficiary, we recommend sending $25-50 extra to cover any local banking or routing charges in the USA.

If you are still using your bank to send payments to the USA, try Currency Index instead and you will see a world of difference - not only a much cheaper service with better exchange rates, but super-fast transfers, clear explanations on rates, and the knowledge that you are dealing with regulated specialists in overseas money transfers.