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Posted

For the past three years I have been very happily using a Datek Online brokerage account in the U.S. to wire money from my account in the U.S. to my account in Thailand. I could request a transfer at any time via the internet, the money would arrive within 24-48 hours, and for a fee of only $9.99. Life was great.

Last year, Datek was bought by Ameritrade, and of course customers were promised nothing but greatness was to come of the transition. Well my own account was finally transitioned to the great Ameritrade this month, and now I can no longer request wire transfers via the internet. Now I must fax my requests and the wire fee has risen to $30.00.

Just thought I'd take this opportunity to solicit experience and opinions regarding U.S. banks that offer online foreign wire transfer requests at reasonable rates. Any recommendations?

Chuck

Posted

It sounds like you still have fairly good deal if only $30 as many charge $40-45 for foreign wire transfers. That's one reason to make them large. Will be interested in suggestions you get.

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