Send Money To The US with CurrencyFair
With CurrencyFair, you can quickly, easily and securely send money to the US. When you transfer money to the US with us, we can save you up to 90% on transfer fees, so open an account with us today.
How CurrencyFair Can Help You Transfer Money To The US
To send money to the US, simply set up an account with us and let us know which of our two methods of depositing your money you would prefer.
Go for “Create an Auto-Transaction” and we will exchange your money at the best rate available as soon as it arrives, and transfer out to your nominated account.
Or, you can use our Exchange to get an even better exchange rate, often beating the interbank rate itself. If your transfer isn’t time-sensitive, this is a great way to save even more of your hard earned money, and is only possible with CurrencyFair.
Made your choice? Take a look at our process times to find out how long you can expect your exchange to take.
A History of US Currency
The United States dollar is the official currency of the United States of America and its insular territories. Each dollar consists of 100 cents, and the circulating paper bills consists of Federal Reserve Notes.
The dollar is the world’s primary reserve currency, with other nations also using it as either their official currency or their de facto currency, such as the British Virgin Islands and the Turks and Caicos Islands.
The first dollar coins were issued by the United States Mint, which was founded in 1792, and they were based on the value and look of the Spanish dollar. However, the Spanish dollar and the Mexican peso remained legal tender until the Coinage Act of 1857. The dollar itself was first defined in the Coinage Act of 1792, but the power of the US Congress to “coin money” is first mentioned in the US Constitution, which was ratified in 1788 (Article 1, Section 8, if you were wondering).