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I need to make a bank transfer to a US bank account and found out that MTGOX is asking for 2000 CNY fee. That is too much since the amount of money I want to transfer is smaller than that.

Is there any exchange service with smaller fees?

2 Answers 2

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Take out to Dwolla (FREE Account), then move to bank account for a flat fee of $0.25. I use to use them all the time like that.

Fee list from Dwolla: https://www.dwolla.com/fees

MtGox doesn't charge anything to send to Dwolla, they just charge you to transfer from BTC to Dollar's. But it's cheaper than what it was for ACH transfer.

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  • Dwolla is asking me for a phone number. What do I do if I don't live in the US?
    – Tomas
    Aug 9, 2012 at 14:18
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    How in the world do you have a bank account in the US without a phone number? Sign up for a US phone number at a service like localphone.com, $0.99 a month for US based number.
    – jfreak53
    Aug 9, 2012 at 14:22
  • I don't have a bank account in the US. I need to send money to one.
    – Tomas
    Aug 9, 2012 at 14:23
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    How about sending the owner of the account the bitcoins, and letting them do the cash out if they choose.
    – Gary
    Aug 9, 2012 at 18:37
  • The company doesn't accept bitcoins and was strict with that. I'd love if somebody could do the work for me.
    – Tomas
    Aug 10, 2012 at 13:06
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If the funds don't need to arrive same-day, withdraw USDs via ACH at BitFloor and Camp BX. Simply enter routing # and account number. It is not the same thing as a wire transfer, so you would want to make sure your counterparty will accept ACH transfers.

You can even order rush ACH through BitFloor.

If you do need to do a wire (e.g., same-day transfer), a lot of exchanges offer than, with varying fees.

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