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

Money Transfer UK to US

Money Transfer UK to US

Reply

Old Jul 14th 2018, 2:20 am
  #1  
Permanent Legal Resident
Thread Starter
 
Joined: May 2015
Location: California
Posts: 57
AndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond repute
Default Money Transfer UK to US

Hi Guys,

I am after a few people’s opinions on which company to use to Tranfer money from my UK bank to my US bank. At the moment it is looking like XE as the best rate. As anybody ever used them before?
I have tried to set an account with world first but I had problems and need the account to be verified with a phone interview. Which as made me a little sceptic.

any advice would be great.
Thank you in advance
AndyEODV8 is offline  
Reply With Quote
Old Jul 14th 2018, 2:21 am
  #2  
BE Forum Addict
 
tom169's Avatar
 
Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 3,494
tom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond repute
Default Re: Money Transfer UK to US

Check transfer wise.
tom169 is offline  
Reply With Quote
Old Jul 14th 2018, 2:30 pm
  #3  
BE Enthusiast
 
Joined: Jan 2017
Posts: 590
LouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond repute
Default Re: Money Transfer UK to US

Originally Posted by AndyEODV8 View Post
Hi Guys,

I am after a few people’s opinions on which company to use to Tranfer money from my UK bank to my US bank. At the moment it is looking like XE as the best rate. As anybody ever used them before?
I have tried to set an account with world first but I had problems and need the account to be verified with a phone interview. Which as made me a little sceptic.

any advice would be great.
Thank you in advance
Transferwise. They have an app too. Super easy and rates are great, fairly quick too,

For small/add-hoc amounts a multicurrency credit card with no international transaction fees is also useful.

Transferwise for larger amounts...
LouisB is offline  
Reply With Quote
Old Jul 16th 2018, 8:43 pm
  #4  
Forum Regular
 
Joined: Jul 2010
Posts: 38
Relobotomy is an unknown quantity at this point
Default Re: Money Transfer UK to US

Originally Posted by tom169 View Post
Check transfer wise.
+1
Relobotomy is offline  
Reply With Quote
Old Jul 16th 2018, 9:18 pm
  #5  
BE Forum Addict
 
Joined: Aug 2013
Location: Athens GA
Posts: 1,563
MidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond repute
Default Re: Money Transfer UK to US

Originally Posted by AndyEODV8 View Post
Hi Guys,

I am after a few people’s opinions on which company to use to Tranfer money from my UK bank to my US bank. At the moment it is looking like XE as the best rate. As anybody ever used them before?
I have tried to set an account with world first but I had problems and need the account to be verified with a phone interview. Which as made me a little sceptic.

any advice would be great.
Thank you in advance
XE was quite widely used and recommended by users here a few years ago but, following their acquisition by Euronet Worldwide in 2015, there were several comments that their service and exchange rate had deteriorated. There has been very little reference to them over the last couple of years. It seems that Transferwise have taken their place. However there are many others worth considering: https://moneytransfercomparison.com/
MidAtlantic is offline  
Reply With Quote
Old Jul 19th 2018, 6:31 pm
  #6  
Just Joined
 
Joined: Sep 2017
Posts: 23
Arathe is an unknown quantity at this point
Default Re: Money Transfer UK to US

A +2 for transferwise - once you have it set up it’s super simple and their rates are consistently good.
Arathe is offline  
Reply With Quote
Old Jul 19th 2018, 10:03 pm
  #7  
Just Joined
 
Joined: Jul 2018
Posts: 3
figure 11 is an unknown quantity at this point
Default Re: Money Transfer UK to US

Transferwise was quick and easy for me.
figure 11 is offline  
Reply With Quote
Old Jul 20th 2018, 4:27 pm
  #8  
Forum Regular
 
Joined: Jan 2016
Location: Boise, ID
Posts: 85
carlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of lightcarlrush is a glorious beacon of light
Default Re: Money Transfer UK to US

Another + for Transferwise from me.

Since I didn't need all my cash when I first arrived in the US, I took the advice from folks here and transferred some each month. It helped me feel a bit better about the weak exchange rate this past couple of years and on stronger months I transferred a little more.
carlrush is offline  
Reply With Quote
Old Jul 21st 2018, 12:03 am
  #9  
BE Enthusiast
 
Joined: Jan 2017
Posts: 590
LouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond repute
Default Re: Money Transfer UK to US

Originally Posted by carlrush View Post
Another + for Transferwise from me.

Since I didn't need all my cash when I first arrived in the US, I took the advice from folks here and transferred some each month. It helped me feel a bit better about the weak exchange rate this past couple of years and on stronger months I transferred a little more.
good approach, I do a similar thing.

i like the pain free repeat previous transfer feature, could not be simpler!
LouisB is offline  
Reply With Quote
Old Aug 8th 2018, 8:49 pm
  #10  
Permanent Legal Resident
Thread Starter
 
Joined: May 2015
Location: California
Posts: 57
AndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond reputeAndyEODV8 has a reputation beyond repute
Default Re: Money Transfer UK to US

Sorry for the late response. Thank you all for the advice. I am still looking to do a transfer. I have been recommend hifx if anyone used them before. But I will checkout transferwise.

Unfortunately i I am stuck on what to do about transferring funds with the whole Brexit and rates dropping pretty bad over the past week.
AndyEODV8 is offline  
Reply With Quote
Old Aug 8th 2018, 9:26 pm
  #11  
BE Enthusiast
 
Joined: Jan 2017
Posts: 590
LouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond reputeLouisB has a reputation beyond repute
Default Re: Money Transfer UK to US

Rates are really poor again, 1.28 it appears. Notice they dive any time there is brexit news. Not good. My U.K. assets will be worthless at this rate * facepalm *

lets hope they kill brexit before it kills the U.K.

anyway good luck with the transfers, the tranferwise rates are generally up to date and pretty competitive...
LouisB is offline  
Reply With Quote
Old Aug 8th 2018, 10:08 pm
  #12  
Forum Regular
 
Joined: Jan 2016
Location: Cambridge, MA
Posts: 118
Mercury39 is an unknown quantity at this point
Default Re: Money Transfer UK to US

Moved money this week, checked XE and Transferwise and Transferwise had better rate. moving US to UK, and less than $2000, and it was in UK account in less than an hour.
Mercury39 is offline  
Reply With Quote
Old Aug 15th 2018, 3:14 am
  #13  
Just Joined
 
Joined: Feb 2018
Posts: 29
Mike95 is an unknown quantity at this point
Default Re: Money Transfer UK to US

I use Hifx, good and secure, you have to upload documents such as ID, bank statement etc, payment took couple of days.

In in the same boat with everyone, only transferred a bit over at a time due to the horrible exchange rate, I was hoping it was going to get better but obviously recently plummeted to 1.27. Hoping it’ll get better soon so I can send the rest!
Mike95 is offline  
Reply With Quote
Old Aug 15th 2018, 7:11 am
  #14  
Just Joined
 
Joined: Mar 2017
Posts: 10
Dmac_ is an unknown quantity at this point
Default Re: Money Transfer UK to US

Reading from other people who are in the same boat as me is therapeutic, I must say. For a brief period when I first came to the US, the rate was 1.7. Try not to think about that!

Fingers crossed we see some increase once this business is done with and reality sets in.
Dmac_ is offline  
Reply With Quote
Old Aug 15th 2018, 9:38 am
  #15  
Forum Regular
 
Joined: Dec 2017
Location: Los Angeles CA
Posts: 195
BigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond reputeBigT103 has a reputation beyond repute
Default Re: Money Transfer UK to US

On Monday I downloaded the Transfer-Wise App they verified my ID almost immediately, I transferred money to my wife and at 7am (LA time) on the Tuesday the money was in her account... I am very impressed with the speed and ease, I highly recommend this.
BigT103 is offline  
Reply With Quote

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service