Re: converting dollars to pounds
 

That's inflation for you!

Re: converting dollars to pounds
 

I believe he was talking about the maximum amount of money you can take out of the country being 10k not the amount of money he has.

Re: converting dollars to pounds
 

I don't think there is a restriction on amount able to be taken out. It just has to be reported. If there is nothing illegal why not just phone the customs and ask or look in the US government gov travel site. I think if I remember rightly the site addresses this. It would be easier to have a letter of credit,
travellers' checks and/or an account to transfer your money to. It is much better to declare funds.

Re: converting dollars to pounds
 

Ah right. You just have to declare it, as thers have said. Sounds like he might be on the run though.

Re: converting dollars to pounds
 

justposted...don't know what happened the forum fairy took it again....lost in cyberspace....LOL

To repeat, if on the run...not really our business. In today's world better safe than sorry.

Re: converting dollars to pounds
 

I know of a guy in Lagos who may be able to help!

Re: converting dollars to pounds
 

can I get his number?
Just kidding... And just for the record I'm not on the run, just an international man of mystery.

Thanx to everyone that actually had a suggestion and not just throwing in their two cents. Probably the best thing to do is deposit half the money into a family members account and use one of the online trading companies. I wanted to be able to buy a car asap when I get there. It's best to deal in cash when buying used and private party. Only fools and horses.

Re: converting dollars to pounds
 

There are no restrictions on moving cash from the US as long as the correct US customs form has been completed, have this form completed before you attempt to leave the country with the cash. You will of course also have to declare this cash once you arrive in UK. By changing the cash into US money orders in the US prior to traveling, you will avoid the risk of traveling with a large amount of cash at minimal cost. The money orders are treated as cash for custom purposes.

You will probably get the best exchange rate by paying the Dollars into your UK account, though if your intention is to evade tax by traveling with cash.....best of luck.

Re: converting dollars to pounds
 

geez no. My tax's will be filed every year. I just feel that you should be able to move your money around with out every Tom, Dick and Harry knowing about it

Re: converting dollars to pounds
 

If you are thinking about buying a car, most of the time you can get a better deal if you pay there and then in cash... but then again, this wont be with everyone!

In regards to getting your cash changed up... there are a few ways.. if you want to come into the UK with your cash in hand... then you could go to a currency company and get it changed up... i know the currency i used quite often, currencies 4 you.. can do cash money, but im not sure what sums! you are best off giving them a call, the website is www.currencies4you.com . But otherwise, i think the easier option would be depositing the money into your current account, then transferring it to a currency company to get changed up. But maybe you should ring the company 1st to see if they can do that amount of cash!

Hope that helps you out

Jim

Re: converting dollars to pounds
 

I sent home $70,000.00 USD last year when the rate was better.

Cost me @$940.00 approx. for the exchange to sterling and transfer from US bank to bank in UK.

Dont know if that helps at all.

Re: converting dollars to pounds
 

You paid $940 to carry out the whole transfer?

Re: converting dollars to pounds
 

1.35% to do an exchange, that more than AMEX charge!

Re: converting dollars to pounds
 

I know, thats crazy!

Re: converting dollars to pounds
 

Yes.

I had to do it there & then that day..........probably paid more than I should have.