Sign in to follow this  
Followers 0
vaid

Best way to transfer money from kuwait to US banks

5 posts in this topic

Hi guys,

I would like to know best way to transfer money from kuwait to bank in US (bank of America). I was not sure whether to send it through money exchanges such as Muzaini or do online bank to bank transfer.Your replies would be greatly appreciated.

 

Share this post


Link to post
Share on other sites

Thanks for your replies. Good to know that bank is simpler and quicker. But how about the transaction fee and exchange rate for online bank transfers? I thought exchange companies like Muzaini/Mulla  give good rates in comparision to bank. Any experience on this?

Share this post


Link to post
Share on other sites

I went ahead and did the online transfer from NBK Kuwait to BOA in US. Transaction fee was 5 KD and no fee was charged by BOA for inward remittance. And indeed money reached US account in about 24 hrs. There was no significant difference in the exchange rate between NBK and exchange companies. Moreover exchange companies transaction fee is higher when compared to NBK.

1 person likes this

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0