international money transfer

Aug 28th, 2010, 02:05 AM
Join Date: Aug 2007
Posts: 16,608
Michael; I THINK if you check BofA's web site you will find that domestic wire transfers are $25 and international transfers are $35. It doesn't say anything about 'in person' or 'on the internet'. But my next international transfer is in December and I will now try the internet to see if the cost is a bit lower.
iris1745 is offline  
Aug 28th, 2010, 07:50 AM
Original Poster
Join Date: Mar 2003
Posts: 20,657

If true I was given the wrong information, although it was clear that I wanted to send euros to Europe since the same person gave me BofA's exchange rate.
Michael is offline  
Aug 28th, 2010, 08:56 AM
Join Date: Jun 2004
Posts: 4,821
PayPal seems to be gaining in popularity as a way to transfer money overseas. I just looked at the site, and they say you can send $1000 to France for $5.00 @$1.31/Dollar.

XE says the exchange rate at the moment is around $1.276 for the Euro.
nukesafe is offline  
Aug 28th, 2010, 10:58 AM
Original Poster
Join Date: Mar 2003
Posts: 20,657
I'll ask, but I doubt that a building contractor who normally deals with French clients will use PayPal. I'm actually toying with the idea of seeing if he accepts credit cards, although that would mean that he would boost his price to cover his side of CC charges.
Michael is offline  
Aug 28th, 2010, 11:31 AM
Join Date: Jun 2004
Posts: 4,821

Perhaps you could use a card that has no exchange charges, such as the Capitol One card I use. Sachs, I think, is another. I used mine to pay a couple grand deposit on a rental, and the landlord made no quibble about her charges. I have no idea what those charges may be, but think they are only a couple of percent.

You might inquire.
nukesafe is offline  
Sep 7th, 2010, 03:06 PM
Original Poster
Join Date: Mar 2003
Posts: 20,657
I finally chose XE.COM which charged me 1.34% to convert the dollars to euro and make an electronic transfer to a French bank. BofA refused to consider a change in its rates even though the French bank was BNP and we are not charged for withdrawals from BNP; one would think it goes both ways.

A word of advice for anyone going this route: When specifying a bank in France, use "France" and not "Metropolitan France" as the identifying country. If the latter designation is used, the transaction will be denied even though the bank is in Metropolitan France, i.e. France located in Europe. It is also possible that electronic transfers from savings accounts are not allowed.
Michael is offline  
Mar 21st, 2011, 01:54 AM
Join Date: Jun 2010
Posts: 5
As the owner of a gite complex in dordogne, France, we find PayPal the easiest and most popular route for taking booking payments from abroad. As said previously, French banks like to charge as high an amount as possible both to the person paying and to us as the receiving business if a change of currency is involved. (Credit Agricole charges us a higher % even than PayPal!)
Sooo is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy -


All times are GMT -8. The time now is 09:44 PM.