Best option for regular US to EUR currency exchange?
October 30, 2009 12:23 PM Subscribe
I'm an American who's just bought a lovely home in the EU. Yay! Now I have to make regular mortgage payments while still living and working in the US. How do I transfer money over to our EU bank account on a regular basis as cheaply as possible?...
posted by finitejest to Work & Money (9 answers total) 2 users marked this as a favorite
Some more info: It seems as though the majority of the currency exchange companies are targeted towards Brits. The rest look pretty shady.
We've looked at Currencies Direct, however in the middle of our application process we were informed that because of some new laws they were no longer able to open new contracts with any US citizens not based in the same state (GA) as their only US office.
Now we're out of ideas. We've even looked to see if we could somehow wrangle a PayPal account into euros and do exchanges through there.
Currently banking with BOA and doing wire transfers, but they charge hefty fees on top of the normal exchange rate.
So... halp please! Any suggestions from personal experience?