With TransferWise, you can send US dollars to bank accounts that are denominated in USD outside the US. This way, businesses who need to pay USD invoices or send money to an account outside the US can do so without using their bank.
USD is sent to bank accounts outside the US via the SWIFT payment network. This is different than a regular TransferWise transfer and might take a day or 2 longer. It also costs a bit more, but is still cheaper than more traditional methods of sending money overseas.
If you're sending USD to a bank account in Hong Kong, we'll pay out your USD locally through CHATS system.
Your recipient may have to pay a fee to their bank when the money arrives — it’s a part of using SWIFT.
TransferWise supports sending USD to people outside of the US, but to do this we need to send your transfer via the SWIFT network.
Because SWIFT incurs additional costs, we will add a fee of 3.20 USD to your transfer to pay for this. We charge the same fee for payments to Hong Kong through CHATS system.
Your bank or other banks the money passes through on the way may also charge you a fee, so your recipient might get less. These fees tend to be around 25–50 USD, but there's no way for TransferWise to know what they'll be in advance.
You can’t send USD to every country yet. Here's a list of the countries you can send USD to.