Same day money transfer
Dec 19th 2014, 12:48 pm
#1
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Joined: Aug 2014
Location: Lake Nona, FL
Posts: 205
Same day money transfer
Apologies if this has been asked before, I searched but couldn't find anything.
Is it possible to do a same day money transfer UK to US??? I need to pay the deposit and first months rent on our place and it is getting mighty close to Xmas.
Other than Western Union who are charging a fortune can anyone offer any advise????
Is it possible to do a same day money transfer UK to US??? I need to pay the deposit and first months rent on our place and it is getting mighty close to Xmas.
Other than Western Union who are charging a fortune can anyone offer any advise????
Dec 19th 2014, 1:30 pm
#2
BE Forum Addict
Joined: Nov 2007
Posts: 1,967
Re: Same day money transfer
Can you use your UK credit card in the bank to get a cash advance?
Dec 19th 2014, 1:50 pm
#3
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: Same day money transfer
No. You'll be lucky to get the money in 1-2 days.
You'll need to get credit if you need the money "now".
A traditional bank wire "should" take two business days, so jump on it now (while the banks are still open in the UK) and you might have your money by Tuesday, albeit at a $4itty exchange rate and with wire fees at both ends.
You'll need to get credit if you need the money "now".
A traditional bank wire "should" take two business days, so jump on it now (while the banks are still open in the UK) and you might have your money by Tuesday, albeit at a $4itty exchange rate and with wire fees at both ends.
Dec 19th 2014, 1:51 pm
#4
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Joined: Aug 2014
Location: Lake Nona, FL
Posts: 205
Re: Same day money transfer
I am not over in the US yet. I don't land until the 6th.
Travelex seem to be my best option at the moment
Travelex seem to be my best option at the moment
Dec 19th 2014, 1:52 pm
#5
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Thread Starter
Joined: Aug 2014
Location: Lake Nona, FL
Posts: 205
Re: Same day money transfer
No. You'll be lucky to get the money in 1-2 days.
You'll need to get credit if you need the money "now".
A traditional bank wire "should" take two business days, so jump on it now (while the banks are still open in the UK) and you might have your money by Tuesday, albeit at a $4itty exchange rate and with wire fees at both ends.
You'll need to get credit if you need the money "now".
A traditional bank wire "should" take two business days, so jump on it now (while the banks are still open in the UK) and you might have your money by Tuesday, albeit at a $4itty exchange rate and with wire fees at both ends.
Dec 19th 2014, 2:00 pm
#6
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: Same day money transfer
How soon do you need the money to be there? You could buy a USD bank draft and FedEx it to the US for delivery on Monday.
Dec 19th 2014, 2:06 pm
#7
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Joined: Aug 2014
Location: Lake Nona, FL
Posts: 205
Re: Same day money transfer
That would work, stupid question, but I take it I get a US bank draft from my bank here in the UK??
Dec 19th 2014, 2:22 pm
#8
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Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: Same day money transfer
Not the best timing on a Friday afternoon!
Your credit card sounds your best bet.
Otherwise I would call TorFx and see if they can help. You should be able to make a payment from your bank to them under the faster payment system.
Your credit card sounds your best bet.
Otherwise I would call TorFx and see if they can help. You should be able to make a payment from your bank to them under the faster payment system.
Last edited by MidAtlantic; Dec 19th 2014 at 2:30 pm.
Dec 19th 2014, 2:34 pm
#9
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: Same day money transfer
.... It will be drawn on a bank in the US, most likely in NYC, and is almost as good as cash to the payee (their bank will give them same-day value for it), and it will clear as a domestic item in the US.What is the best time and day of the week to buy a USD draft?
Last edited by Pulaski; Dec 19th 2014 at 2:39 pm.
Dec 19th 2014, 3:43 pm
#10
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Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: Same day money transfer
First Direct to Wells Fargo has taken less than 30 minutes every time I've done it.
Dec 19th 2014, 3:44 pm
#11
Austin. TX.
Joined: Sep 2013
Posts: 5,930
Re: Same day money transfer
We had almost the same scenario. Relocation agent told us on Sunday afternoon (we were leaving Monday 6am) that we would have to pay deposit and rent immediately to secure a house. Banks closed in France on Monday.
We brought as much cash as we could get out of the machines which ended up being about half of what was needed and set up a transfer through worldfirst into our US bank account as soon as we had the account details for the remainder.
We brought as much cash as we could get out of the machines which ended up being about half of what was needed and set up a transfer through worldfirst into our US bank account as soon as we had the account details for the remainder.
Dec 19th 2014, 3:46 pm
#13
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Joined: Aug 2014
Location: Lake Nona, FL
Posts: 205
Re: Same day money transfer
Just to update,
The crisis has been averted. Travelex came to the rescue and have done a next day transfer for me so it will hit the account on Tuesday morning US time at a rate I am happy with.
This renting process is the most stressful part of the whole relocation.
The crisis has been averted. Travelex came to the rescue and have done a next day transfer for me so it will hit the account on Tuesday morning US time at a rate I am happy with.
This renting process is the most stressful part of the whole relocation.
Dec 19th 2014, 3:47 pm
#14
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Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: Same day money transfer
Nobody mentioned PayPal. Instantaneous.
Dec 19th 2014, 3:50 pm
#15
Austin. TX.
Joined: Sep 2013
Posts: 5,930
Re: Same day money transfer
I take it you don't have kids then???
Good luck with it all xxx