u/sky-high-dragon-fly

Anyone has a referral / promo code they can share? APIP or APC.

We are planning a potential move from the US to home country Ireland after 15 years abroad. Trying to think through the cleanest/lowest-cost way to convert and transfer funds.

Approximate needs: (we are also US citizens and will continue to be)

- One-time transfer/conversion: around $2.5M USD → EUR, likely for housing / relocation.

- Ongoing annual spending: around $250k/year USD equivalent.

From my research so far:

For the large transfer, consider Interactive Brokers for USD→EUR conversion because the FX spread/commission seems much better.

Plan to also ask a private bank / brokerage FX desk for an all-in quote and compare the rate against mid-market. Anyone done this before?

For annual spending, maybe keep 6–12 months of EUR expenses in an Irish bank and replenish quarterly/semiannually via IBKR or Wise seems the best way.

For those who have done a large USD→EUR move:

- What worked best in practice for large and ongoing small transfers — IBKR, Wise, private bank FX desk, or something else?

- Any issues with IBKR compliance/freezes when converting and withdrawing large amounts? How long do I need to have the account and how much should I keep there before I convert?

- What would you do differently?