Most payments that you make to the United States via Moneycorp arrive within 1-2 working days, and you can track your payments and view your full transaction history with our online dashboard. Regardless of how much money you wish to send, we’ll ensure that your payment arrives on time; large money transfers do not take longer to arrive than smaller transfers.

We offer fee-free online international transfers to the United States, which means that you’ll benefit from our competitive exchange rates and gain access to a wide range of FX tools without having to worry about any additional costs. You will only be required to pay online fees if you decide to use a Regular Payment Plan to automate your recurring payments.

Over-the-phone transfers to America cost a flat rate of £15, which makes Moneycorp an economical option for large money transfers.

If you wish to make a payment to the United States, we’ll need you to provide us with the following details from the recipient:

• Their full name and address
• Their bank name
• Their bank account number
• Their BIC/SWIFT code

You will need to provide a BIC/SWIFT code if you are transferring funds to the United States from a country that also uses the SWIFT system method for international payments, such as the UK. Read our in-depth guide for more information regarding BIC/SWIFT codes.

Please note that ABA routing codes are only used for domestic transfers within the United States.

As an Authorised Payment Institution, we’re regulated by the FCA for the provision of payment services. It’s safe, therefore, to make online money transfers to the United States with Moneycorp; we’ll flag suspicious transactions in your account, and you can rest assured that your payment details and personal information will be protected.

There is an upper limit of £100,000 on personal transfers that can be made through our online platform to the United States. There is no upper limit, however, on transfers made over the phone, and so you will need to contact your Moneycorp account manager by telephone if you wish to make larger payments from the UK to America.

With Moneycorp, you can make payments to most of the major banks in the United States, including but not limited to:

• Bank of America
• Wells Fargo
• Citibank
• JPMorgan Chase & Co
• TD Bank
• Bank of New York
• State Street
• PNC Financial Services
• U.S. Bancorp
• Capital One

If the bank that you need is not included in this list, it is not necessarily the case that we’d be unable to facilitate your payment. Speak with our team of specialists to find out more.

At the beginning of 2023, the British Pound to US dollar exchange rate was 1.21. As with all exchange rates, however, this rate is subject to constant change. Use our Currency Zone to stay up to date with the British Pound to US dollar exchange rate.

There isn’t a ‘one size fits all’ answer to this one. Economic conditions change on a daily basis, with constant fluctuations in inflation and interest rates, and these in turn have an impact on the GBP to USD exchange rate.

We advise, therefore, that you set up a rate alert for your desired exchange rate. We’ll notify you via email and/or text (SMS) message if the rate has moved to your target level, making it far easier for you to get the best value for money when sending money to the United States of America, and without you having to constantly check the exchange rates!