brpatel83

Hello, I am about to start my E2 visa process.

I need bit of advice on transferring fund (around £140,000 from UK to USA), one i know if trasferwise any other suggestions?

Thanks in advance,

christmasoompa

Hi, I've edited your thread title - it's nothing to do with your visa, and I don't want people who know about transferring funds to think it's a visa related question and not look at it!

Good luck.

tom169

For that sum of money probably worth shopping around online and then try negotiating a deal on the phone.

MidAtlantic

I initially used TorFx for my substantial house sale proceeds. More recently I have used Transferwise for smaller sums.

You have many choices.
https://www.mycurrencytransfer.com/m...o-USA/5000-GBP

brpatel83

Thanks for the suggestion. Do i need any clearance from UK to transfer money?

Thanks,

tom169

Tell your bank so they don't block the transfer.

vespucci

The one you have mentioned, Transferwise, is the best one.

brpatel83

Thanks - vespucci, tom169, MidAtlantic

annaha

I've used TransferWise to transfer small amounts. Moneycorp is also recommended. Just make sure you have a valid proof of address in the USA. And online bank statements can't be used a proof of address, as I just found out. A notarised letter from my bank here was also not accepted. Was hoping to transfer money over here before the Brexit vote, but looks like it will have to stay where it is.

Anna

brpatel83

Thanks Anna,
were you transferring money from USA to UK? where we need need notarized letter?

Thanks,

MidAtlantic

Just like any financial institution they go through a vetting process to confirm identity and address. Normally passport and driving licence work.

brpatel83

Ok, Thanks.

Hotscot

I do wires all the time, @ 20-30 pounds

BenK91

I work for one of XE's sister companies, so if you're wanting to use XE Money Transfer I can hook you up with a discount code!

brpatel83

BenK91,

That will be great.
Thanks a lot in advance.