|COMERICA BANK||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to USD||NO MINIMUM||5/7 DAYS||4.9%||$1.168|
|EUR € - to USD||NO MINIMUM||5/7 DAYS||4.9%||$1.004|
|CURRENCIES DIRECT||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to USD||FROM £100||FROM 1 DAY||0.7 to 1.0%||$1.216 to $1.221|
|EUR € - to USD||FROM £100||FROM 1 DAY||0.7 to 1.0%||$1.045 to $1.049|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Save on the exchange rate conversion when transferring money overseas to or from your Comerica Bank account in US dollars, UK pounds, the euro and other currencies. Comerica Bank international money transfers to or from the USA have higher transaction charges, due to a less competitive exchange rate offered by Comerica Bank. Skip to: USA Money Transfer Specialists
Typically, sending funds to or from your Comerica Bank account in US dollars or UK pounds will involve a margin rate of 4.9% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Comerica 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 Comerica Bank services would have a transaction exchange rate margin of around 4.9% – or $4,900 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.
International money transfers from Comerica Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Comerica Bank account holder to use their services. Comerica 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, Comerica 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.
Comerica Bank is a US public bank that was initially created in 1849. Comerica is based in Texas although it also has a significant presence in Arizona, California, Florida and Michigan. Comerica Bank has banking branches in some other US states as well plus branches in Canada and Mexico. The bank has over 450 branches in total, serving both personal and business customers.