Find the best ways to transfer money to Ireland

The exchange rate plays a key role in determining how much EUR your recipient in IE will get.

For example, in the past 7 days average rate for USD to EUR was 0.8493 EUR.

Since USD-EUR exchange rates fluctuate with market conditions, waiting a couple of days could result in a better rate, giving your recipient more EUR.

If you need to make an urgent transfer, we recommend using Wise, which consistently offers the best rates for Euro transfers.

The most cost-effective way to fund your transfer to Ireland is through a bank transfer with Key Currency, which is 0.01% cheaper than the second-best service.

The way you fund your transfer to Ireland impacts the cost, speed, and how much EUR the recipient will receive.

Based on our live data for a $7,000 transfer from the US to Ireland, the following are your best options:

• Key Currency with bank transfer deposit costs $0 and has a 0.25% markup.

• Xe with a debit card deposit costs $0 with 1.37% markup.

We advise against using bank transfer, as they tend to be the most expensive option for EUR transfers.

Credit card transfers may incur cash advance fees and higher interest rates on EUR, and are usually more expensive.

Whenever possible, avoid transfers via the SWIFT network to IE. SWIFT transfers to Ireland are slower and come with higher fees.

Instead, look for a cheaper option such as ACH or account balance.

Money transfer companies often have min and max limits on how much EUR you can send.

The amount you transfer can also affect the fees and the EUR exchange rate you receive. For instance, Wise is the best choice for sending large amounts to Ireland.

Additionally, there may be government-imposed restrictions, commercial limitations, and other factors that influence the amount of EUR you can send.

This is why it’s really important to compare your options when transferring money to Ireland.

The speed of sending Euro to Ireland depends on factors like the amount, timing, deposit, and withdrawal method chosen. Typically, faster transfers come with higher fees.

For example, based on a $7,000 transfer to Ireland:

Use Currencyflow for fastest transfers

Of the 16 companies offering EUR transfers, Currencyflow consistently offers the fastest delivery times across all deposit methods.

For bank account & card deposits use Currencyflow

Currencyflow offers fast and affordable Euro transfers, with fees of around $0 for bank deposits and $0 for debit card deposits, plus a small 0.26% markup on top of the EUR rate.

For urgent transfers use cash transfer

If you need money urgently, we recommend cash pickup services through providers like Western Union or MoneyGram.

Avoid the SWIFT network

Avoid using SWIFT transfers for EUR transfers. Due to intermediary banks on the way to Ireland, SWIFT is slower and comes with higher fees.

There are a few different ways to move money to Ireland:

Money transfer services

You can transfer money online using an FX broker (managed service) such as OFX or an online-only company (self-managed) such as Wise.

Based on our analysis, Wise stood out as the top money transfer company servicing Ireland.

Mobile apps and e-wallets

Most money transfer services that accept Ireland offer mobile transfer apps, which often have better deals on EUR exchange rates.

You can check our guide on the best money transfer apps to find one that suits your needs.

Cash transfers

Cash transfers to Ireland are sent in person through services like Ria Money Transfers, MoneyGram, or Western Union.

Transferring Euro as cash is almost always instant but requires the recipient to visit a nearby agent in Ireland to collect the EUR.

Bank wire transfers

You can transfer Euros via your bank.

We strongly recommend not using your bank to wire EUR directly to Ireland due to high fees and slow transfer times.

Instead, use the bank transfer deposit option with Wise and send EUR from there.

There are multiple ways to receive money in Ireland. Picking the right one can save you on fees and speed up the EUR transfer process. Here are your options:

Deposit to the bank account

To deposit money directly into a recipient’s bank account in Ireland, we recommend Key Currency.

The card transfer will also land in the recipient’s bank account in Ireland. Use Xe to deposit with a debit card at just $0 per transfer.

Cash pickup and delivery

If the recipient in Ireland needs EUR urgently or doesn’t have access to a bank account in Ireland, cash pickup or home delivery are good options.

Mobile and digital wallets

You can receive EUR directly into digital wallets like PayPal, though this often comes with more limitations and costs more compared to services like Key Currency.

When sending money to a bank account or e-wallet in Ireland, Euro will arrive without any involvement from the recipient.

However, if you're sending EUR as cash or transferring large amounts to Ireland, the recipient may need the following:

• Government-issued ID: A national ID of Ireland, a valid passport, or driver's license.

• Sender’s details: The sender's personal details such as full name and address.

• Transfer Details: The amount of EUR being received.

• Confirmation No.: This is usually given at the time of transfer.

• SWIFT Code / IBAN: Occasionally required for bank transfers.

The exact documents required may vary depending on the money transfer company and the transfer method used.

When sending bigger amounts to Ireland, companies may request proof of funds such as bank statements and address verification with the utility bill in line with AML (Anti-Money Laundering) policies.

We recommend using Wise to send large amounts of Euro.

There may be tax obligations and government-imposed limits or restrictions on EUR transfers/payments to IE.

Some EUR transfers could be subject to taxes such as gift tax or commercial tax.

Even if no limits or taxes apply, certain EUR transfers (especially large sums of Euro) may need to be reported to the tax authorities in Ireland or in your country.

When unsure, it’s best to consult with a tax professional in Ireland or your home country to ensure compliance with the regulations.