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Top 2 Money Transfer Providers for USA to France

Provider Amount Received Fee Exchange Rate Speed
Venstar Venstar EUR €8,818.43 No Fee 0.8818 1-3 days more...
OFX (US) OFX (US) EUR €8,813.98 No Fee 0.8814 1-3 days more...
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USA
The dollar, the world’s most traded currency, is held on a free-float exchange rate and is fully convertible to foreign currencies Read More
FRANCE
Being a member of the single currency eurozone, France does not apply currency controls and is completely open to foreign exchange Read More
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Top 2 Money Transfer Providers

Latest prices for transferring money from USA to France
Exchange Rates as of 3 June 2020, 19:48

Venstar

Est. 1990
Established in 1990, Venstar is a worldwide leader in Foreign Exchange Payments and Services.
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FXcompared
Score
Amount Received
EUR €8,818.43
USD $261.42
saved vs. banks

OFX (US)

Est. 1998

OFX provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.

More InfoLess Info
FXcompared
Score
Amount Received
EUR €8,813.98
USD $256.42
saved vs. banks

How to Transfer Money from USA to France

What is in this guide

USA to France Guide

Summary

The US and France have many longstanding political and economic alliances, as well as one of the most valuable trade and investment relationships in the world. Currently, there are no restrictions for American citizens who wish to transfer money from the US to France and convert USD to EUR for their personal or business needs. This is partly due to the working trade agreement that the US and the EU have in place.

Visas, work permits and residency

American citizens who are visiting France for less than 90 days do not need a visa, only a valid passport. For stays of 90 days or longer, however, American citizens who plan to stay or work in France on short-term assignments must apply for a short-stay visa through their local French embassy or consulate. For Americans seeking permanent resident status, France requires the submission of a long-stay visa application before arrival, and a residency permit application once within the country.


Buying property in France

France has strict regulations governing the purchase of real estate or land for both citizens and non-citizens. Obtaining the services of specific professionals is required for real estate purchases. Upon completion of the required documents and procedures, a US citizen may then arrange to transfer money from the US to France to complete their property purchase. Knowing the required real estate professionals that a buyer must work with is important when preparing to purchase property in France.

An agence immobilière, or estate agent, is qualified to carry out property transactions on behalf of both the buyer and the seller and is commonly used in France for real estate transactions. The agence immobilière provides all information on estimated fees and property charges for the purchase, and also carries professional insurance, ensuring that their clients are protected in the event that anything goes wrong with the transaction.

The notaire, often called the maître, is responsible for preparing the property documents, including the compromis de vente, or sales contract. The maître also confirms the seller’s title and is responsible for ensuring that there are no existing mortgages on the property. The maître provides a financial guarantee to their client through indemnity assurance.

The compromis de vente is always written in French, though the buyer can request an English translation. The sales contract is a legal contract under French law, and identifies the vendor and the buyer of the property, a full property description, the purchase price and breakdown of fees, the sales agent and maître details, and details of the financing and the mortgage. If there are let-out clauses, the details of these will also be included in the compromis de vente.

Taxation

American citizens living abroad must declare their earnings and file tax forms annually and are obligated to pay US taxes on their worldwide earned income. However, by French law, a person is considered a tax resident from the day they arrive, whether their stay is temporary or permanent. If staying and working in France for at least 183 days, an American citizen will be required to pay taxes to the French government.

The US and France have a tax treaty in place to help citizens of both countries who are living and working abroad to avoid double taxation. American citizens who pay taxes to the French government may be eligible to receive tax credits with the American government. If taxes are owed, then keep in mind that there are no restrictions to transfer money from the US to France.

Tax rates in France are capped at 45%. This means that if you go over earnings of EUR151,261, then you will be liable to pay the full 45% tax rate. Residents have a tax rate that starts at 0%, but non-residents do not have this in place and have a starting tax rate of 20% regardless of income level. Due to the double taxation treaty, there is the possibility that the US will give out tax credits to ensure that double taxation does not take place.

Americans studying in France

If planning to study in France for less than 90 days, American students do not need a short-stay visa. For study periods of longer than 90 days, a student visa is required. Once in France, the student must visit their local préfecture to validate their student visa and obtain a resident permit. There are no restrictions on foreign money transfers from the US to France and on converting dollars to euros to pay for student fees.

Voting

US citizens living in France are eligible to vote by absentee ballot in American federal and local elections. American citizens must first register for absentee balloting with the last US precinct in which they were registered, and will then be eligible to vote by absentee ballot.

Healthcare

France requires all residents to have health insurance. The majority of residents in France will qualify for the state health insurance, under the sécurité sociale. To qualify for this service, American citizens living in France must register with CAPM (Caisse Primaire d’Assurance Maladie) to receive coverage. They must provide a variety of information, including proof of residency and income, which is usually done by submitting a French tax return.

It is recommended that private health insurance be acquired, as the CAPM does not cover all medical costs. This is very similar to the situation that is in place for US residents within the US.

Importing from US to France

The US and France, part of the EU, have one of the largest two-way trading relationships in the world. Transatlantic goods and services trade flows between the US and the EU were valued at approximately $2.7bn per day in 2012, with significant amounts of USD to EUR traded every day. While the US and the EU collaborate on a number of global and regional initiatives to support increased trade, investment and global safety throughout the world, the most recent of these initiatives is the Transatlantic Trade and Investment Partnership, a trade and investment agreement between the US and the countries in the EU to help reduce tariffs and trade regulations. Combined, the EU countries rate as the second largest imports market for the US, with a value of $262.3bn in 2013. US imports to the combined EU countries accounted for 16.6% of overall US imports in 2013. France was the fourth largest import market within the EU, accounting for $32bn of the total amount of imports from the US.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from USA to France. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.