How to buy euro and hold in US bank for later purchase

[Kevin Aster Tin Obin]

Looking for recommendations where to transfer USD to buy EURO at low fee.  Anywhere to trade USD to EUR online while favorable exchange rates?  Want to trade $100K-200K to euros.  Last I looked the bank added on a 5% fee for transfers.. 

Of course would need to transfer back to USD later date if the future purchase in Euros doesn't work out.

thanks for suggestions

[Adventine]

You can try Wise's multi-currency account: https://wise.com/us/multi-currency-account/


I've used them for international transfers for a few years now. Worked perfectly fine every time.

[reeshau]

If you are holding that much, you could also look into euro bonds as a way to play the exchange rate, too.  The ECB is signalling rate increases, though (*up* to 0%) so that would eat into values.  But their price in dollars should reflect exchange rates.  Keep it super short-term.