Sold your property overseas? Here’s 3 Ways To Transfer Money Back to USA

Whether you have just sold an investment property in China or a unit you bought while working in the UK, the whole process can be saturated with hidden costs. Once the sale closes you’re going to have a big chunk of money that you need to get transferred back to the US and for that, there are a few options.

Transferring money after the sale of a property is no small undertaking. Given the size of the transfer, the exchange rate you get on it is extremely important to the overall cost.



The 3 Most Common Ways to Transfer Money Back to USA


1. Get a Check

If at all possible avoid this option, unless you have a bank account in the country of sale which will make things slightly easier. Return to the US with a check in a foreign currency and you’re asking for trouble (and fees). Few banks will even perform this service and the ones that will transfer the money and credit your account will likely charge you a laundry list of fees (and there will be a considerable wait period too).



2. Send the money back to your US bank account

Once the proceeds of your sale have been deposited into your account you can then transfer that cash bank to your US based account.


Seth invests in real estate abroad as a side business. He recently sold an apartment he owned in Shanghai. Once this was completed he deposited the money in his Bank of China account and once there he transferred it to his Chase account. Seth paid close to 1% interest on this transfer, making the transaction cost a few thousand dollars. He made a lot of money on the sale so wasn’t too worried about this.


Most state banks in China — such as Bank of China or Industrial and Commercial Bank of China (ICBC) — offer international money transfer and foreign currency exchange services.  What you’ll be facing in terms of fees is a bank commission (usually around 1%) + telegraph fee (usually $20 to $40) + commission charged by your bank (if any).



3. Use a money transfer company

If you don’t have time to shop around and find the best deal you can simply go with a company specializing in money transfers such as TransferWise or CurrencyFair. These companies are very dependable and in many cases are quite affordable.

Sometimes you will even find lower rates than major banks — our Currency Shop experts have lots of information about the best way to deal with your international money transfers that don’t involve a bank transfer or a check conversion.

Compare money transfer exchange rates and fees

The best deal for you

TransferwiseRead ReviewTotal (EUR)€8,788.43Exchange Rate0.8828Transfer Fees$44.26Transfer Time1-2 DaysLearn MoreTotal (EUR)€8,788.43Rate Updated less than 4 mins ago
So, sending 10,000 USD to Europe comes to €8,788.43 including $44.26 in fees
So, sending 10,000 USD to Europe comes to €8,788.43 including $44.26 in fees

About TransferWise

Transparency and an easy online experience are the 2 things that set TransferWise apart from the banks and other money transfer companies. If you prefer to bank online, you'll like TransferWise. Setting up an account and making a transfer is very easy. They are also very clear on the exchange rate and fees you'll pay before you make a transfer. Click here for the full review


  • Clear and transparent exchange rates fees
  • The online experience is first class
  • Like the banks, they are regulated by ASIC and registered with AFSL
  • Constantly bringing out new innovative products


  • There are currently a number of global currencies they do not currently support
  • Limited support based in Australia
  • Percentage based fee can add up on very large transfers

More trusted money transfer options

Provider Exchange Rate Transfer Fees Transfer TimeTotal (EUR) Rate Updated less than 4 mins ago
OFXRead ReviewTotal (EUR)€8,680.66€107.77 more expensive Exchange Rate0.8685 Transfer Fees$5.00 Transfer Time1-3 DaysGet discounted rate €8,680.66€107.77 more expensive GO TO SITE
So, sending 10,000 USD to Europe comes to €8,680.66 including $5.00 in fees

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.


  • Better exchange rates compared to banks
  • Highly safe and secure transfers
  • 1 - 2 days delivery times for most countries
  • Quick response time
  • Fantastic customer service


  • Credit cards, cheques and cash are not accepted
  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers
Take into account that we have not compared absolutely every bank and company in Australia. We compare the large, safe and reputable banks and foreign exchange companies that we have already researched, tested and approved. We also may receive a referral fee if you choose one of these banks or companies, but that wont affect the exchange rates or fees you get.