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If you need to send money abroad, set up a wire transfer through your bank. To initiate the transfer, gather the person's name, address, and bank account details, as well as the name, address, and routing code for their bank. Then, visit your bank or complete the information on your online banking service before paying the flat fee to send the money.
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Shop around before picking a money-transfer service. Each year, an estimated 6 million households in the U.S. send billions of dollars to families, friends, and others abroad. The good news for senders is that the costs for these remittances have been declining and options have expanded over the years.
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