France, one of the biggest and most visited European countries, has a huge expat community and a strong economy. In 2021 economic revival is expected, a year on from the COVID-19 crisis, with anticipated growth of 5.3%; this includes an expected surge in digital remittances. Historically, France is a popular destination for money transfers: whether you are sending money to your family, friends or repatriating your income, we believe customers deserve to secure a transfer solution best suited to their needs.
Choosing the best service provider
When considering how to send money France from United States there are some key aspects of the transfer to consider.
The fastest money transfer provider is XE. The cheapest money transfer provider we found is CurrencyFair at 0.9% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using XE when transferring USD to EUR.
This means that by using XE for online money transfers to France from United States, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access XE for any reason, our comparison engine has found Wise and CurrencyFair also to be very good options when sending USD – EUR.
The cheapest way to send money from United States to France
In order to avoid high fees, you should consider the cheapest way to send from United States to France.
CurrencyFair has been determined by our comparison engine to be currently offering you the cheapest international transfer rates possible.
Get the Best Rate and Sign Up for Rate Alerts United States to France
The fastest way to send money from United States to France
When sending money from United States to France, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, XE is the fastest way to send USD – EUR.
What payment methods are available when sending money from United States to France?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to France from United States using credit card
Sending money to France from United States using a debit card
With XE you can send money online to France using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from United States to France
Bank and wire transfers are the most common ways of sending money France as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in France. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in France.
When sending money to France from United States using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, Wise and CurrencyFair.
Considerations for a USD – EUR Currency Transfer
Before sending money to France from United States, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to France the more value you will get and more EUR the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The USD – EUR exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 0.98215 and the lowest exchange rate margin is currently offered by XE at 0.9% above the mid market rate.
Hidden fees & charges: Before sending money to France, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers XE, Wise and CurrencyFair will give insight here.
How to send money from United States to France at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send USD to EUR. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from USD to EUR in France?
Your recipient has a few methods available to receive your money in France. These will vary between providers, but it is possible to find services that will:
Deposit EUR directly into a bank account
Enable the recipient to pick up cash a specific locations across France
Deliver money directly to their door
Send EUR to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in France, then they will usually need the following:
A government issued I.D document
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from United States to France?
The amount of EUR you can receive from United States will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of EUR that can be received in France or sent from United States before making your transfer.
Is there a limit to how much money you can send to France?
This depends entirely on the transfer provider you use; banks and money transfer operators set different minimum and maximum limits. In terms of legality, France does not impose any restrictions on inbound and outbound money transfers and funds of up to €999,999 (or equivalent) can be sent to France from other European countries, thanks to the SEPA transfer zone. We have written a detailed guide about transfer limits: How much money can you transfer online?
Are there any tax implications from sending money from United States to France?
Each country in the world will have its own set of tax laws and rules for receiving money from abroad. Money sent for business purposes will usually be taxed as a foreign income. If you’re looking to receive a large amount from abroad, you should hire an accountant or contact your local tax office for any further advice.
Every country’s government will also have its own set of regulations for receiving money, depending on the amount sent and the purpose. If you’re looking to receive a large amount of EUR from United States, it is again a sensible idea to contact an accountant and ensure your actions are legal and any necessary taxes are paid in full.
What does code guichet mean?
To send money to a recipient in France you will need the full name on the recipient’s bank account, their IBAN number, the SWIFT/BIC code and Guichet code. While you may be familiar with the majority of these banking terms, the French term “code guichet” translates to “branch code” in English.
The branch code is the unique identification number given to each branch of every bank. Coincidentally, customers can identify their bank’s branch code by taking the last 3 digits of the bank’s SWIFT code.
An example being:
SWIFT Code: BNPAFRPP032
Branch Code (Code Guichet): 032
Keith is a digital specialist with a background in the financial industry, both as a marketeer and a journalist. Keith joined MoneyTransfers.com in order to take the business to the next level and expand our offering in multiple international money transfer markets.