What's the best way to transfer and exchange larger amounts of Euros from Germany to the US?

There is a rather large amount of Euros in a German bank account. How to:


- Get the money exchanged to US Dollars with the best exchange rate?


- Transfer the money to a US bank account the cheapest?





Thank you!|||You are going to get nailed on the exchange rate. The fastest way is a bank transfer. You can call around to local banks that you deal with and ask what they will charge you to receive a bank transfer in EUROS, and what the exchange rate is TODAY.


Dealing with larger banks should get you a better rate.





The other option is to find out from the bank in Germany what the rate is to buy a bank draft in DOLLARS and have it mailed to you. It should be drawn on a US correspondent bank, which is no big deal these days. It's usually on a New York City branch. If that is done, you will know excatly what you will get in doillars, minus any bank fees.


If you chose the bank transfer, it remains in EUROS until your bank credits you in dollars, minus any fees. rates can change intraday.|||The German bank may well have as good an exchange rate as any. I'd get a dollar-denominated official check from the German bank, and deposit it in the US bank. Don't forget to tell the Treasury about the funds.