Brit In TN

My elderly and not internet savvy parents need to send some money (about 1,500 GBP) from the UK to me, here in USA. They refuse to trust or attempt anything online and are insisting on using something called BACS. I've never heard of it but investigation tells me it is a UK/Euro only thing.
Any suggestions about how they can walk up to a high st bank (they have an account with one of them) with their piggy-bank full of pennies and ask them to send it to a US bank account without paying exorbitant fees on either side? (Minus the piggy-bank)
Thanks all.

Jerseygirl

They should go into their bank with the following info:

Amount and currency
Name and address of beneficiary
US Bank Name, address, account number and SWIFT (You can obtain the SWIFT by contacting your US bank.

The Nat West charge £22 4 working days or £30 1-2 working days

cranston

I suggest you open a gbp bank account with transferwise.com. This will give you a UK sort code and account number. You can then convert the money as you wish. And your parents can make a GBP BACS payment.

Easy

Rotorhead

I hope they are going to give you extra due to the money you will lose by doing it the old fashioned way. Transferwise is definitely the best and most cost effective way of sending money these days. Can't they put it in your UK bank account and then you send it, or have you closed all your Brit accounts?

MidAtlantic

+1 The Transferwise Borderless Account solves the problem.

https://transferwise.com/us/borderless/

mrken30

If you need to know the risks of transferwise read this article

http://www.thisismoney.co.uk/money/n...bank-with.html

Jerseygirl

My husband will only transfer from our UK bank account to our Canadian or US bank accounts. He will not use transferwise/xe etc etc.

Seahorse1234

Maybe make a call to their bank in the UK and talk to the manager or advisor and ask that they sit down and talk to your parents about their concerns. They will probably take their local branch manager seriously rather than a family member