Transferring Money US to UK
#1
Transferring Money US to UK
Hi
I'm not planning on returning to the UK but I thought you guys may have the answer to my questions.
How can I send money back to the UK? Moreover, how many different options do I have? How many suggestions do you have?
I'm looking at sending around $1000.
Any responses would be appreciated.
I'm not planning on returning to the UK but I thought you guys may have the answer to my questions.
How can I send money back to the UK? Moreover, how many different options do I have? How many suggestions do you have?
I'm looking at sending around $1000.
Any responses would be appreciated.
#2
Re: Transferring Money US to UK
There's a few good threads already, mostly going the otherway in the US section, but same principles...
hifx.com
xe.com
Those have both been recommended....there's always paypal to swing the money around if it's not a regular thing....
hifx.com
xe.com
Those have both been recommended....there's always paypal to swing the money around if it's not a regular thing....
#3
Re: Transferring Money US to UK
Originally Posted by Bob
There's a few good threads already, mostly going the otherway in the US section, but same principles...
hifx.com
xe.com
Those have both been recommended....there's always paypal to swing the money around if it's not a regular thing....
hifx.com
xe.com
Those have both been recommended....there's always paypal to swing the money around if it's not a regular thing....
Just wondered if anyone in this forum had any ideas.
#4
Re: Transferring Money US to UK
well other than those sites, paypal, and perhaps a direct bank wire transfer, or western union wire...can't think of anything else really...
#5
Re: Transferring Money US to UK
Originally Posted by Bob
well other than those sites, paypal, and perhaps a direct bank wire transfer, or western union wire...can't think of anything else really...
#6
Re: Transferring Money US to UK
Originally Posted by immunise
... Paypal was too slow and XE seemed a pain in the arse to set up!
#7
Re: Transferring Money US to UK
Originally Posted by immunise
I move money every month and I pay no fees at all! My UK bank is Barclays, who are partnered with Bank of America so I set up an account at bank of america and deposit money there. Then I gave my parents the BOA atm card (& PIN) and they withdraw the cash at a Barclays ATM and then just pay it into my account. Paypal was too slow and XE seemed a pain in the arse to set up!
Great idea though. Thanks. I looked at xe.com and it does seem a bit of a hassle.
#8
Re: Transferring Money US to UK
Originally Posted by CaliforniaBride
.... I looked at xe.com and it does seem a bit of a hassle.
BTW, beware of the overseas ATM fees - American banks typically charge foreign ATM withdrawals a hefty fee (as do British banks for that matter).
#9
Re: Transferring Money US to UK
Originally Posted by Pulaski
BTW, beware of the overseas ATM fees - American banks typically charge foreign ATM withdrawals a hefty fee (as do British banks for that matter).
#10
Re: Transferring Money US to UK
Originally Posted by CaliforniaBride
That sounds interesting. What type of account do you have with Barclay's? I'm just wondering if I have to have a UK address to open a checking account. Seem to remember they got a lot stricter a while back?
Great idea though. Thanks. I looked at xe.com and it does seem a bit of a hassle.
Great idea though. Thanks. I looked at xe.com and it does seem a bit of a hassle.
I have just a standard Barclays Current a/c (with online banking too). I have had it for years and I never closed it as I knew my time in the US was not permanent. Barclays also have an offshore account option, at a cost though http://www.wealth.barclays.com/BRC1/...6&target=_self
#11
Re: Transferring Money US to UK
[QUOTE=Pulaski]Not really, no more so than opening an on-line bank account, and once it's done it's done.
QUOTE]
I was confused by XE, it seems they just wire the money to my UK account!?
What actually happens with them and what's the cost? My UK bank charges £30 for an incoming wire....**** that!
QUOTE]
I was confused by XE, it seems they just wire the money to my UK account!?
What actually happens with them and what's the cost? My UK bank charges £30 for an incoming wire....**** that!