Transferring money abroad (2024)

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Transferring money abroad (1)

Here’s how it’s done

Transferring money abroad? For euro transfers, simply use the ABN AMRO app. Transfers in other currencies can only be made on Internet Banking. Read all about transferring money abroad and how it’s done.

Transferring money abroad (2)

How it works

Transferring money abroad in euros is done in the same way as usual in the ABN AMRO app or on Internet Banking. Here’s how it works.

If you are transferring a different currency, you have to use Internet Banking. Follow the step-by-step instructions at the bottom of this page, because this works slightly differently.

What it costs

Whether, and if so how much, you will be charged depends on whether you are transferring euros or another currency, on whether the country to which you are transferring money is a SEPA country, and on other factors. We have put together a convenient overview for you, so that you know exactly what you will be charged.

View all fees

Step-by-step instructions and guidelines

Step-by-step instructions for foreign currency transfers

Step-by-step instructions for foreign currency transfers

If you want to transfer money in a currency other than the euro, take a look at the guidelines for the relevant country first to see if there are special rules for that country. These rules may affect your transfer. Once you’ve checked this, follow the step-by-step instructions below.

1. Go to Internet Banking and select the account from which you want to send the international transfer.

2. Select ‘New transfer’.

3. Select the currency of the recipient’s country and enter the amount you want to transfer. You can also select ‘euro’ here.

Transferring money abroad (4)

4. Select the recipient’s country and enter the required details. It is also indicated per country whether you must enter a BIC and/or a BCC.

Transferring money abroad (5)

5. Choose whether to share the fees, pay them yourself, or have the recipient pay them.

6. Click ‘Send now’ and confirm using your e.dentifier.

You have now made a transfer to a foreign account.

Country-specific guidelines

Some countries have different rules. In order to make sure your transfer arrives correctly, we have compiled guidelines for the countries listed below. If the country to which you want to transfer money is not listed, there are no special guidelines for that country.

  • Bahrain
  • Canada
  • China
  • Hong Kong
  • India
  • Pakistan
  • Russia
  • Thailand
  • United Arab Emirates
  • United Kingdom
  • United States
  • South Korea
Restricted countries

Restrictions apply for transfers to certain countries, which means that transfers are not possible, or are processed with a delay. The restrictions may be imposed by the Dutch government, by a different country, by us or by another bank. Find out more about why this is and which countries are subject to such restrictions.

Step-by-step instructions and guidelines

Step-by-step instructions for foreign currency transfers
Country-specific guidelines
Restricted countries

Step-by-step instructions for foreign currency transfers

Step-by-step instructions for foreign currency transfers

If you want to transfer money in a currency other than the euro, take a look at the guidelines for the relevant country first to see if there are special rules for that country. These rules may affect your transfer. Once you’ve checked this, follow the step-by-step instructions below.

1. Go to Internet Banking and select the account from which you want to send the international transfer.

2. Select ‘New transfer’.

3. Select the currency of the recipient’s country and enter the amount you want to transfer. You can also select ‘euro’ here.

Transferring money abroad (6)

4. Select the recipient’s country and enter the required details. It is also indicated per country whether you must enter a BIC and/or a BCC.

Transferring money abroad (7)

5. Choose whether to share the fees, pay them yourself, or have the recipient pay them.

6. Click ‘Send now’ and confirm using your e.dentifier.

You have now made a transfer to a foreign account.

Country-specific guidelines

Some countries have different rules. In order to make sure your transfer arrives correctly, we have compiled guidelines for the countries listed below. If the country to which you want to transfer money is not listed, there are no special guidelines for that country.

  • Bahrain
  • Canada
  • China
  • Hong Kong
  • India
  • Pakistan
  • Russia
  • Thailand
  • United Arab Emirates
  • United Kingdom
  • United States
  • South Korea

Restricted countries

Restrictions apply for transfers to certain countries, which means that transfers are not possible, or are processed with a delay. The restrictions may be imposed by the Dutch government, by a different country, by us or by another bank. Find out more about why this is and which countries are subject to such restrictions.

Frequently asked questions

Do I have to choose between transferring euros and transferring another currency?

You can always choose to send euros, even if the recipient’s country has a different currency. The recipient’s bank will then convert the amount transferred. Bear in mind, however, that the recipient may be charged an additional fee for that. View the fees for all the information.

Do I need to specify an IBAN or BIC?

When transferring money to a SEPA country, you will only need an IBAN. When transferring money to a non-SEPA country, you will also need the BIC for the bank to which you are sending your transfer. Read more about IBAN and BIC.

The amount credited to the recipient’s account is lower than the amount I transferred. Why is this?

When this happens, the recipient’s bank has deducted fees from the amount you transferred. If you made the transfer in euros, please get in touch with us.

I want to enable international transfers, but can no longer find the option. Where has it gone?

International transfers are now always possible, without a waiting period. You no longer need to enable them first in your settings.

When will the money be in the recipient’s account?

View the processing times for payments.And for more details per currency please consult this overview .

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Transferring money abroad (2024)

FAQs

Transferring money abroad? ›

Log into your online or mobile banking app and select the account. Select “Send Money” > International and then select the recipient's destination and banking information. Your request is sent to the recipient and you will receive a notification via email when the funds have been sent.

How can I transfer cash internationally? ›

Log into your online or mobile banking app and select the account. Select “Send Money” > International and then select the recipient's destination and banking information. Your request is sent to the recipient and you will receive a notification via email when the funds have been sent.

How much money can you transfer internationally? ›

How much money can you wire without being reported? Financial institutions and money transfer providers are obligated to report international transfers that exceed $10,000. You can learn more about the Bank Secrecy Act from the Office of the Comptroller of the Currency.

What is the least expensive way to transfer money internationally? ›

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Can Zelle be used internationally? ›

Can I send money through Zelle internationally? Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas.

Do I have to pay tax when I transfer money overseas? ›

The US's citizenship-based taxation system means that even if you move to another country, you're still subject to taxation. And if you're sending and receiving large amounts of money internationally, that may have implications for your US tax and reporting obligations.

What is the legal way to transfer money abroad? ›

Speed, costs, and support are some of the factors to consider when sending money abroad. Banks can transfer money overseas, but weaker exchange rates and higher fees can make them more expensive compared to alternatives. ACH, cash-to-cash, and wire transfers offer other options.

What happens if you wire transfer more than $10,000? ›

In summary, wire transfers over $10,000 are subject to reporting requirements under the Bank Secrecy Act. Financial institutions must file a Currency Transaction Report for any transaction over $10,000, and failure to comply with these requirements can result in significant penalties.

Are international transfers reported to the IRS? ›

So, you can send an international wire of as much as you like, provided that it's within the maximum wire transfer limits set by your bank. However, you should be aware that transfers over $10,000 will automatically be reported to the IRS.

What are the rules for sending money abroad? ›

To send money abroad, you will need a Passport, PAN card, outward remittance form, bank statements, supporting documents for the remittance (tickets, invoices, etc.) and Form A2.

How do I avoid fees when sending money internationally? ›

How to Avoid Wire Transfer Fees
  1. Select a bank or other financial institution that may reduce or waive wire transfer fees or offer lower costs than competitors. ...
  2. Contractually transfer the cost of wire transfer fees to the payee. ...
  3. Factor bank wire transfer costs into pricing.

How can I transfer internationally without fees? ›

Bank transfers are fee-free. You can also pay using Apple Pay or Google Pay. There is no minimum transfer amount.

How do I send money to a friend in another country? ›

What Are the Best Ways to Send Money Internationally?
  1. Western Union. Western Union is the best bet if your family member or friend needs to receive money via cash. ...
  2. MoneyGram. MoneyGram is the second-largest money transfer provider and competes with Western Union. ...
  3. PayPal. ...
  4. Xoom. ...
  5. Wise. ...
  6. OFX. ...
  7. Paysend.

Can I use PayPal internationally? ›

With PayPal you can send across the table and with Xoom* a PayPal service, you can send across the globe to more than 160 countries and markets.

What money app works internationally? ›

What is the cheapest app to send money internationally?
ProviderTransfer feeExchange rate
Revolut (for Mon-Fri transfers, 1% fee on weekends)¹²$0 USD0.9307
Remitly¹³$1.99 USD0.919062
OFX⁸$0 USD0.919361
Western Union¹⁰$0 USD0.917606
1 more row
Feb 7, 2023

Can I use Venmo internationally? ›

No, Venmo does not work internationally. Its functionalities are strictly limited to the United States. Here is why: Geographic Restriction: Venmo is only available for users residing within the U.S. and requires them to have U.S. bank accounts linked to their accounts.

Can I transfer cash overseas? ›

There is no limit to the amount of money that you can travel with, receive and send overseas. You also don't need to declare money that you transfer overseas or receive from overseas through a bank or a remittance service provider (money transfer business).

Can you send cash to another country? ›

You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, Wise (formerly TransferWise) or Paysend.

Can I transfer cash to a foreign bank account? ›

The cheapest and simplest way of sending money abroad is through an electronic transfer. You can use the free, fast International Moneymover Service which allows you to make overseas money transfers in all major currencies. However, correspondent and recipient bank charges may apply.

How can I transfer money to an international bank account? ›

SWIFT/ Wire transfer with banks

Wire transfers, commonly known as SWIFT transfers, are electronic transfers between banks that are part of the SWIFT global network. The transfers allow for money to be sent from one bank account to another bank account around the world within 3-5 business days on average.

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