WEBSTER BANK USD EXCHANGE RATES – SEND MONEY ABROAD
Compare Webster Bank currency transfer options to/from the United States. You can beat Webster Bank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
| Webster Bank | USD to GBP | USD to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.791 to £0.794 | €0.923 to €0.927 |  |  | |
| TorFX | £0.794 | €0.926 |  | | |
| Wise | £0.794 to £0.795 | €0.927 to €0.928 |  | | |
| Webster Bank | £0.775 | €0.905 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Webster Bank International Money Transfers
International currency transfers to or from your Webster Bank account in US dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 3.0% and additional bank transaction or commission fees may apply.
Webster Bank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Webster Bank
Sending foreign currency to or from your Webster Bank account in the USA needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 US dollars (USD) using Webster Bank services would have a transaction exchange rate margin of around 3.0% – or $3,000 USD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service.
Webster Bank – Other Useful Information
International money transfers from Webster Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Webster Bank account holder to use their services. Webster Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, Webster Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Webster Bank, USA – About
Webster Bank was founded in 1935 and is a US commercial bank based in Waterbury, Connecticut. The bank has over 150 branches in the United States, located in Connecticut, Massachusetts, Rhode Island and Westchester County, New York.
Webster Bank branch finder
Find Webster Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Webster Bank branches in your search area results.
Contact Webster Bank from abroad
You can find answers to everyday banking questions at Webster Bank online. If you can’t find the answer you’re looking for, you can call them from outside the United States on +1 800-325-2424
Webster Bank – Head office address
Webster Bank – Webster Plaza, Waterbury, Connecticut 06702, United States
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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