Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Money issue.

Money issue.

Old Oct 18th 2011, 1:52 pm
  #1  
BE Forum Addict
Thread Starter
 
Ash UK/US's Avatar
 
Joined: Sep 2003
Location: Grand Rapids, MI
Posts: 4,524
Ash UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond repute
Default Money issue.

To cut a long story short, I need to get some money to my sister in the UK. I was hoping to get her the money from my Barclays bank account but because I don't have the pinsentry thing or a phone banking number they won't let me transfer the money. I think it is stupid that they don't let you do it online!

So now I have to transfer the money from my US bank account, I have never done a money transfer before what is the cheapest/easiest way to do it.

I will be transfering around $500.
Ash UK/US is offline  
Old Oct 18th 2011, 1:54 pm
  #2  
BE Enthusiast
 
Joined: Nov 2007
Posts: 904
cranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond reputecranston has a reputation beyond repute
Default Re: Money issue.

XE.com?
cranston is offline  
Old Oct 18th 2011, 2:38 pm
  #3  
Lost in BE Cyberspace
 
Bluegrass Lass's Avatar
 
Joined: Oct 2003
Location: My Old KY Home!
Posts: 6,498
Bluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond reputeBluegrass Lass has a reputation beyond repute
Default Re: Money issue.

I don't know about it being the cheapest, but the easiest/fastest is to simply go into your local bank branch and do an international wire transfer. I have used XE.com twice now, and both times its taken about 7 business days for the funds to arrive in the UK account. Versus, simply doing an international wire, the funds arrived in about 24 hrs.
Bluegrass Lass is offline  
Old Oct 18th 2011, 2:41 pm
  #4  
BE Forum Addict
 
rpjs's Avatar
 
Joined: Sep 2010
Location: Sleepy Hollow, New York
Posts: 2,514
rpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond repute
Default Re: Money issue.

Originally Posted by cranston View Post
XE.com?
Yeah, use XE.com. It'll take a day or two to set up an account (you need to provide proof of identity for the money-laundry regs which you can do by uploading scans of the required docs to their secure FTP site) and you may need to do some talking to your bank about setting up the transfer to XE's factors (Custom House), but once that's all done it's pretty easy, and generally they offer very good rates. There's been a recent thread about them here.
rpjs is offline  
Old Oct 18th 2011, 2:46 pm
  #5  
Boomshacalaca!!
 
Tarkak9's Avatar
 
Joined: Dec 2005
Location: South of the North Pole.......Colorado
Posts: 5,039
Tarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond reputeTarkak9 has a reputation beyond repute
Default Re: Money issue.

Xoom.com ?
don't know about them etc but it caught my eye the other day. $5 to send dosh.
Tarkak9 is offline  
Old Oct 18th 2011, 2:49 pm
  #6  
BE Forum Addict
 
rpjs's Avatar
 
Joined: Sep 2010
Location: Sleepy Hollow, New York
Posts: 2,514
rpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond repute
Default Re: Money issue.

Originally Posted by Tarkak9 View Post
Xoom.com ?
don't know about them etc but it caught my eye the other day. $5 to send dosh.
Not used Xoom, but with XE you don't pay any extra for the standard service as they make their money on the difference between the rate they buy at and the rate they sell to you at, which is still usually much better than what a conventional bank would offer.

Another method I've used is PayPal, as I have two PP accounts, one linked to my UK bank a/c the other to my US. This is doable, but the rates suck and it was a lot slower than XE.
rpjs is offline  
Old Oct 18th 2011, 3:02 pm
  #7  
The Kwisatz Haderach
 
Mummy in the foothills's Avatar
 
Joined: Aug 2008
Location: North Wales
Posts: 8,065
Mummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond repute
Default Re: Money issue.

If it's not a huge amount you could send it with paypal, my mother sent me a small amount that way.
Mummy in the foothills is offline  
Old Oct 18th 2011, 5:21 pm
  #8  
BE Forum Addict
 
Jan Alaska's Avatar
 
Joined: Nov 2002
Location: Harbor Springs, Michigan *again*
Posts: 2,340
Jan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond reputeJan Alaska has a reputation beyond repute
Default Re: Money issue.

I use Xoom to send money to my daughter in the UK. It costs $5 per transaction which given the 9 hour time difference usually arrives in her account the next working day.
Never had any problems with xoom.
Jan Alaska is offline  
Old Oct 18th 2011, 8:48 pm
  #9  
Bob
BE Site Lead
 
Bob's Avatar
 
Joined: Aug 2004
Location: MA, USA
Posts: 91,716
Bob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond repute
Default Re: Money issue.

xe is the best option, but it takes time to set up...if you're in a rush, either your bank or xoom.com would be good options, xoom is probably cheapest though, especially for this kind of sum of money.
Bob is offline  
Old Oct 19th 2011, 6:35 pm
  #10  
BE Forum Addict
Thread Starter
 
Ash UK/US's Avatar
 
Joined: Sep 2003
Location: Grand Rapids, MI
Posts: 4,524
Ash UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond repute
Default Re: Money issue.

Just to update... I ended up using Moneygram at Walmart, it cost $9 and could be picked up in te UK instantly (well 10 mins later). It was really easy to do.
Ash UK/US is offline  
Old Oct 19th 2011, 7:43 pm
  #11  
Heading for Poppyland
 
robin1234's Avatar
 
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 11,071
robin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond repute
Default Re: Money issue.

Originally Posted by Ash UK/US View Post
Just to update... I ended up using Moneygram at Walmart, it cost $9 and could be picked up in te UK instantly (well 10 mins later). It was really easy to do.
I just had a quick look at the website.. where do they have locations in the UK, to pick up the money? Is it in ASDAs?
robin1234 is offline  
Old Oct 19th 2011, 8:05 pm
  #12  
BE Forum Addict
 
rpjs's Avatar
 
Joined: Sep 2010
Location: Sleepy Hollow, New York
Posts: 2,514
rpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond repute
Default Re: Money issue.

Originally Posted by robin1234 View Post
I just had a quick look at the website.. where do they have locations in the UK, to pick up the money? Is it in ASDAs?
They certainly used to have an agreement with the Post Office and you could send and receive through any post office. Not sure if that's still the case.
rpjs is offline  
Old Oct 21st 2011, 4:06 am
  #13  
BE Forum Addict
Thread Starter
 
Ash UK/US's Avatar
 
Joined: Sep 2003
Location: Grand Rapids, MI
Posts: 4,524
Ash UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond repute
Default Re: Money issue.

Originally Posted by robin1234 View Post
I just had a quick look at the website.. where do they have locations in the UK, to pick up the money? Is it in ASDAs?
When I looked at the moneygram website they quoted me something like $30 just the do the transfer!!! A far cry from the $9 that Walmart charged. I thought there would have been a pick up in ASDA too because they are owned by Walmart but ASDA do not do it.
My sister collected the money from the Post Office, all she needed was her ID and the reference number they gave me in Walmart... I actually found the process very easy and I didn't think the $9 charge was bad at all, considering it is pretty much an instant transfer.

Forgot to add, Thomas Cook Travel agents are also listed as Moneygram agents so she could have collected the money there too.
Ash UK/US is offline  
Old Oct 21st 2011, 7:39 am
  #14  
BE Forum Addict
 
Joined: Mar 2008
Location: Santa Cruz, CA
Posts: 4,896
md95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond repute
Default Re: Money issue.

Originally Posted by Ash UK/US View Post
When I looked at the moneygram website they quoted me something like $30 just the do the transfer!!! A far cry from the $9 that Walmart charged.
$30 is about what I would have expected from someone like Moneygram or Western Union but perhaps you got lucky and got some promotional rate from Walmart - or perhaps Moneygram have decided that it is better marketing to charge low fees and make up the difference by using a really bad exchange rate ...
md95065 is offline  
Old Oct 21st 2011, 9:11 am
  #15  
Forum Regular
 
Joined: Sep 2011
Posts: 220
Jordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really niceJordan Tilley is just really nice
Default Re: Money issue.

Whether it be a small or large transfer ensure that you look at using a currency exchange specialist. No fees and a great rate of exchange will save you money.
Jordan Tilley is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.