How to send USD payment to foreign (UK) vendor's US bank account?

I'm here to share information about the Bill Pay feature so you can send USD payments to the foreign vendor, @dreamerdad.

Using Bill pay for QuickBooks Online (QBO), you now have the option to wire international payments. You'll need to turn on the multi-currency first to avoid sync errors when adding a multi-currency vendor, bill, or payment. 

I'd be happy to show you the steps below:

1. Go to Setting and select Account and settings.
2. Click the Advanced tab and select the Edit or Pencil icon beside the Currency section.
3. Tick the Multicurrency radio button to turn on the feature.
4. Select Save and Done.

Once done, add foreign vendors with their currency. To get more details about this process, check out this article: Send international payments using Bill Pay for QuickBooks Online. This will provide you with steps on how to add foreign vendors as well as steps to do wire payments.

To learn more about the online bill pay feature in QBO, you can visit the following articles:

• Pay bills in Online Bill Pay
• What is Online Bill Pay?

Fur future reference, I've added this article about recording the wire transfer manually just in case you want to do the payment outside QuickBooks: How to record a wire transfer.

Don't hesitate to let me know if I can be of additional assistance while working in QuickBooks. I'm always here to keep helping. Have a good one!

Thanks for your reply. To clarify, I want to send USD payment to the UK-based vendor's *US* bank account, ideally via ACH. This would not be done via international wire since the money needs to be sent from QB to their US bank account. I am setting up my vendor's address as a UK address, selecting currency as USD but I don't see any way to set up payments in USD to their US bank account using their routing and acct # other than changing the vendor's address to a US address which would be inacurrate since the vendor is based in the UK but their USD bank acct is based in the US.

Thank you for adding some information about your concern, @dreamerdad.

The option to set the home currency of your UK-based vendor to US Dollar is unavailable in QuickBooks Online (QBO). Nevertheless, you can use USD on invoices, etc. You’ll just need to set the home currency into GBP and turn on the multi-currency in the main settings.

To do so, you can follow the steps provided by my peer above, MirriamM.

Afterward, when you create a customer or supplier, you’ll just need to set the currency as USD under Payments then Billing, scroll down to where it says this customer pays me with. To proceed, click the drop-down arrow and select USD.

In addition, I included this article for your future reference when Categorizing and matching online bank transactions in QuickBooks Online.

Let me know if you have further questions about paying vendors. I’m just around the corner to lend a hand. Stay safe! 

How much is usually the fee when transferring wire payments to Belgium or Euro currency account?

@jajageronimo2507 

How big do you need to wire? > USD2,000?

Around $8000

You can sign up for a free Melio account to sync with QBO and pay your international payments. Their fee is $20 flat. You can also get a $100 cashback. They will need 4-5 business days to process your payment by Wire (IBAN).

https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/has-anyone-been-able-to-set...

Melio is already integrated into our Quickbooks account. I just want to confirm how much the cost will be for wiring the money to a Belgium-based vendor account and how long usually the processing time is. Thank you so much for your response!