Here, we explain some of the options and what to look out for.
You can send money outside the U.S. via:
You can transfer money using a:
It certainly can be – but it pays to take care when sending money outside the U.S. Take some time to find the right international money transfer service so you feel confident that your money’s secure and will arrive safely.
If you’re making an international payment through HSBC online banking for the first time, we'll ask you to authorize the payment using your Secure Key. This helps us know it's really you and increases your level of security against possible fraud.
If you have bank accounts in different countries, there's a good chance you'll want to transfer money between them. This could be a one-off or a regular occurrence, but either way, it's worth checking if you'll be charged a fee.
HSBC Global View and Global Transfers lets you transfer money between globally linked accounts without fees. You'll be able to see your eligible international accounts in one place and set up recurring payments.
Exchange rates can fluctuate quickly, so make sure the sites you're using have up-to-date information and you know what rate you're getting. When making a transfer, double check the amount you put in, as this may affect the rate you're offered.
Again, make sure you've checked if there are any fees or charges for sending, or receiving, the money. Fees can vary between money transfer services and depending on the amount you're trying to send.
If you know you're going to be sending money outside the U.S. to several different countries, look for a service that covers them all.
With HSBC, you can send money to over 150 countries and use our mobile banking app to send money to existing payees.
If you're going to be sending money to the same account outside the U.S. regularly, consider setting up a recurring payment.
You may also be able to set up future payments so you don't forget to make them to when you need to.
If you're new to sending money overseas, there may be some acronyms and terms you're unfamiliar with – such as IBAN and SWIFT code.
Getting to know these terms and what they mean can make sending money outside the U.S. easier.