Sending money to son in usa

LondonGirlie

Hi, my son is over in America for a year and I would like to occasionally send him some money, not big amounts, maybe £100 or £200 every now and then. He has opened an account with chase bank over there and has given me his debit card details. If I send him money through one of the transfer companies like Wise will he be charged to receive the money? I’m getting conflicting details from both wise and chase bank’s websites. Any advice gratefully received thank you 

eDicky

You can believe Wise, who will pay the dollars into his account as a local transfer within US.

tacpot12

You could try a transfer to see what charges are applied. I think I would do that first.  

But this may also help: I have a son that lives in Denmark, and I have a Caxton Currency Card that I use to send him money. Caxton issue me with a primary card, and a secondary card in my son's name. Neither card can be used until they are activated, and this is done via the web, so I send the unactivated secondary card to him in the post, and then activated it when I know he has received it and top it up if I want to send him money.

LondonGirlie

eDicky said:

You can believe Wise, who will pay the dollars into his account as a local transfer within US.

Thank you, I did think that the whole point of using the transfer companies were that the money deposited into the account was always in local currency but the chase website confused me! 

LondonGirlie

tacpot12 said:

You could try a transfer to see what charges are applied. I think I would do that first.  

But this may also help: I have a son that lives in Denmark, and I have a Caxton Currency Card that I use to send him money. Caxton issue me with a primary card, and a secondary card in my son's name. Neither card can be used until they are activated, and this is done via the web, so I send the unactivated secondary card to him in the post, and then activated it when I know he has received it and top it up if I want to send him money.

Thank you I will look into that too

Archergirl

Not sure how much Paypal charges but it might be an option

NoodleDoodleMan

I'm a fan of Caxton FX card as mentioned above.

Give son the additional card - and you can load it online in the UK and switch the currency to US Dollars.

https://www.caxtonfx.com/cards

isplumm

I use Wise all the time to transfer money from my UK account to my French account - always arrives in Euros and is quite cheap compared to other methods - also if you pay by debit / credit card it takes seconds normally for the money to arrive.

Mark

Sandtree

LondonGirlie said:

eDicky said:

You can believe Wise, who will pay the dollars into his account as a local transfer within US.

Thank you, I did think that the whole point of using the transfer companies were that the money deposited into the account was always in local currency but the chase website confused me! 

He will get dollars into his account from either Evolve or CFSB which is the banks they are partnered with in the USA. 

North America in general have many more money transfer mechanisms than we have in the UK (eg wire transfer, ACH etc) and different banks will charge different fees depending on both which the sending bank is and the transfer mechanism. This can also vary by what product you hold with the bank. 

Wise should be able to tell you what transfer mechanism they use and possibly which of the two banks transfers will come from (I have no idea how they split them between the two). Chase alone will be able to tell your son how much they charge, if anything, for a wire transfer from Evolve (for example)... doesn't need to mention Wise in the matter that will just confuse things unnecessarily. 

I know when I briefly had an account there was a $5 charge per wire transfer received but other transfer mechanism were free to receive.