The best way to send money to Europe from the US

Elizabeth McGrath

 · 07/12/2021  · 07/12/2021

Lots of European expats are still chasing the American dream. There are an estimated almost 5 million living abroad in the US.

What’s the best way to send money to Europe?

When sending money to Europe, traditional banks can be expensive and slow, with high fees and transfers taking at least several days. Instead, an online money transfer provider can let you send money fast and at a low cost.

That’s where we come in! With Revolut you can send money abroad fast and at a great exchange rate. We’re committed to providing our customers with the best rates when it comes to currency exchange.

How much does it cost to send money to Europe?

We charge a fixed percentage fee of 0.3%, pegged to a minimum of $0.30 and a maximum of $6. You’ll also get the interbank exchange rate for your transaction.

How does Revolut compare against other service providers?

The table below shows how much the transaction will cost with different providers.

            Revolut                       😁                        $3            
Wise 😑 $8.16
Chase 😭 $34.31
Citi 🤬 $64.70

This comparison shows the cost of a weekday transfer for a standard Revolut user who has not exceeded their fair usage cap, as at the time of the sample. Other banks in the chain may charge fees on top of Revolut. For live rates and fees, please check our website. T&Cs apply.

Before you confirm the transfer, Revolut will tell you:

  • The amount your recipient gets
  • The exchange rate for this particular transaction
  • The amount exchanged in USD
  • The fees charged
  • The total amount you pay
  • The estimated time it will take your money to reach the recipient

How long does a transfer to Europe usually take?

In most cases, transfers to Europe from the US arrive within one working day. Sometimes it can take longer, but we will always keep you updated on the status of your transfer.

Great! How can I send money to Europe with Revolut?

If you're already a Revolut customer, you can send money to a European bank account by adding it as a beneficiary in your Revolut app. Not a customer yet? Just download the Revolut app, set up a free account, top it up via bank transfer and you're ready to start sending money home.