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International banking laws vary across the world, and the biggest difference is the fees charged when transferring money. You can wire funds to Ireland or anywhere in the world for a nominal amount, but the fees will be based on how much you are transferring and which currency you send the money in.

When wiring between EU banks, you’re permitted to send up to €50,000 without inflicting more than a bank transfer rate, which can vary depending on the bank. However, if you are sending money outside of the EU, you will be charged several other fees that will add up.

If you need to get money from the U.S. to Ireland you will be charged a transfer fee plus another commission fee to the institution for converting the Euros. Other currencies may prompt even higher fees, but it all depends on the currency you begin with and the country the money is coming from.

A bank however, is not the only place that can help you out. Other methods offer different advantages. One such system includes location based companies which help people wire money across the globe.

Most people know how it goes; You walk in, hand over your cash, let the cashier know who is getting the money, then have your recipient give the cashier at the location nearest them a password or secret code in your name. Although this is one of the fastest methods, it will not be cheap. And if you are planning to send the money from outside of the EU, you’re looking at even bigger fees.

Yet another method swiftly gaining popularity is through online companies. The e-commerce boom has produced alternate methods of wiring money quickly and safely, and all from the comfort of home.

Nearly every financial institution around the world now offers services online, and many location based services allow customers to transfer funds from their account to wherever they would like in the world. Now at the touch of a few buttons, you can use your credit card to send money to Ireland.
One of the biggest reasons people have chosen pre-paid credit cards for wiring money is because of the convenience. Why not send money in the form of a debit card, which can be used anywhere that accepts credit cards? And to add money to the card, all the sender has to do is go online and wire money at the touch of a button – does it get any easier than that?

Having a parallel affect on the way people money transfer are cell phones. Since so many people now use a cell phone on a daily basis, transfer services now allow their customers to move money wirelessly.