Another money transfer thread - help please (US to UK)
Aug 13th 2008, 7:19 pm
#1
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Joined: Jun 2006
Posts: 428
Another money transfer thread - help please (US to UK)
Hi,
I read through the threads I could find on transferring money from US to UK and decided to set up a UKForex/Transferz account.
During the phone account setup I was told that I have to wire money to the NY bank of Transferz to buy the currency. That pretty much defeats the object of the account since my bank (Chase) charges US$45 for a wire. Apparently you can't do online transfers to an account you don't own.
The agent suggested an ING Electric Orange account that allows payment via "Electric checks".
Anyone tell me how they pay Transferz without incurring a wire fee? Or other suggested methods? I have US Chase and HSBC online accounts and a UK Barclays account. I can transfer from the Barclays account to other UK accounts OK.
It's not going to be a lot of money transferred
Ta
I read through the threads I could find on transferring money from US to UK and decided to set up a UKForex/Transferz account.
During the phone account setup I was told that I have to wire money to the NY bank of Transferz to buy the currency. That pretty much defeats the object of the account since my bank (Chase) charges US$45 for a wire. Apparently you can't do online transfers to an account you don't own.
The agent suggested an ING Electric Orange account that allows payment via "Electric checks".
Anyone tell me how they pay Transferz without incurring a wire fee? Or other suggested methods? I have US Chase and HSBC online accounts and a UK Barclays account. I can transfer from the Barclays account to other UK accounts OK.
It's not going to be a lot of money transferred
Ta
Aug 15th 2008, 1:24 am
#2
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Joined: Dec 2002
Location: Richmond Hill, Ga (ex Birmingham UK)
Posts: 490
Re: Another money transfer thread - help please (US to UK)
Hi,
I read through the threads I could find on transferring money from US to UK and decided to set up a UKForex/Transferz account.
During the phone account setup I was told that I have to wire money to the NY bank of Transferz to buy the currency. That pretty much defeats the object of the account since my bank (Chase) charges US$45 for a wire. Apparently you can't do online transfers to an account you don't own.
The agent suggested an ING Electric Orange account that allows payment via "Electric checks".
Anyone tell me how they pay Transferz without incurring a wire fee? Or other suggested methods? I have US Chase and HSBC online accounts and a UK Barclays account. I can transfer from the Barclays account to other UK accounts OK.
It's not going to be a lot of money transferred
Ta
I read through the threads I could find on transferring money from US to UK and decided to set up a UKForex/Transferz account.
During the phone account setup I was told that I have to wire money to the NY bank of Transferz to buy the currency. That pretty much defeats the object of the account since my bank (Chase) charges US$45 for a wire. Apparently you can't do online transfers to an account you don't own.
The agent suggested an ING Electric Orange account that allows payment via "Electric checks".
Anyone tell me how they pay Transferz without incurring a wire fee? Or other suggested methods? I have US Chase and HSBC online accounts and a UK Barclays account. I can transfer from the Barclays account to other UK accounts OK.
It's not going to be a lot of money transferred
Ta
Aug 15th 2008, 1:36 pm
#3
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Joined: Oct 2004
Location: The Big Apple
Posts: 1,834
Re: Another money transfer thread - help please (US to UK)
There are no fees but there is a margin in the F/X rate - but that is true of all cards/ FX transactions - BOA and Barclays is a good arrangement though
Aug 15th 2008, 2:30 pm
#4
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Posts: 428
Re: Another money transfer thread - help please (US to UK)
