When you choose a USD as billing currency, you will need to send the fund to Mangopay UK account (our payment provider). For example, you will be presented with an IBAN number (example below):
When sending international wire transfers, oftentimes your US banks might apply some charges.
Bank of America:
Outgoing international wire transfer fee: $35 - $45 per transfer.
Additional fees may apply for intermediary bank fees and currency conversion.
Wells Fargo:
Outgoing international wire transfer fee: $30 - $45 per transfer.
Additional fees may apply for intermediary bank fees and currency conversion.
Chase Bank:
Outgoing international wire transfer fee: $40 - $50 per transfer.
Additional fees may apply for intermediary bank fees and currency conversion.
Citibank:
Outgoing international wire transfer fee: $35 - $50 per transfer.
Additional fees may apply for intermediary bank fees and currency conversion.
US Bank:
Outgoing international wire transfer fee: $30 - $50 per transfer.
Additional fees may apply for intermediary bank fees and currency conversion.
It's important to note that these are approximate ranges and the actual fees may vary depending on various factors such as the specific type of account, the destination country, the transfer method, and the amount being sent. Additionally, intermediary banks and the recipient's bank may also charge fees, which can increase the overall cost of the transfer. Always check with your bank for the most accurate and up-to-date fee information before initiating an international transfer.
Alternative
In order to avoid this situation, you can choose another billing currency (GBP or EUR). In some cases, your banks might apply less charges if you send GBP or EUR from your US bank account than if you send USD.