Money Transfer to US
Oct 11th 2014, 6:25 pm
#1
Just Joined
Thread Starter
Joined: Oct 2014
Posts: 3
Money Transfer to US
Does anyone know about money transfers from UK to US. I live in the US.
My UK building society will not let me open any other accounts, and I cannot open an account at another bank without a UK address.
I want to transfer my money to the US. The building society uses SWIFT and cannot tell me about the exchange rate or fees by the Agent Bank until I request the transfer.
Is SWIFT the best way to go or are there other options?
Jake
My UK building society will not let me open any other accounts, and I cannot open an account at another bank without a UK address.
I want to transfer my money to the US. The building society uses SWIFT and cannot tell me about the exchange rate or fees by the Agent Bank until I request the transfer.
Is SWIFT the best way to go or are there other options?
Jake
Oct 11th 2014, 9:04 pm
#2
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,970
Re: Money Transfer to US
Search the many previous threads on this subject for advice. Do a Google search on companies such as World First, xe.com and transferwise.com.
Basically these are currency brokers with accounts in the UK. You send the money to them, and they send $s to the US, at better rates than you get on the high street.
Basically these are currency brokers with accounts in the UK. You send the money to them, and they send $s to the US, at better rates than you get on the high street.
Oct 13th 2014, 12:09 am
#3
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,463
Re: Money Transfer to US
What Lansbury said. I use xe.com. 
Oct 14th 2014, 8:06 pm
#4
Just Joined
Joined: May 2014
Location: Devon, UK
Posts: 1
Re: Money Transfer to US
Search Moneycorp.com. Fast, reliable, great exchange rates. I've used them several times
Oct 14th 2014, 9:01 pm
#5
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,970
Re: Money Transfer to US
He lives in the US. Moneycorp are one of the companies I believe who are not licensed to trade in all US States, if the peson is resident there. I had to stop using them for that reason, and also because they actually charge a transaction fee, unlike most other currency brokers, while offering similar rates.
Oct 15th 2014, 1:32 am
#6
Just Joined
Joined: Oct 2014
Posts: 7
Re: Money Transfer to US
We always use XE. They're great and you can send the money in a way that your US bank doesn't charge you a fee.
Oct 15th 2014, 3:38 am
#7
BE Vendor
Joined: Oct 2014
Location: Sydney, Australia
Posts: 6
Re: Money Transfer to US
Hi,
What U.S state are you in? Depending on licensing we may be able to help you out.
What U.S state are you in? Depending on licensing we may be able to help you out.
Oct 16th 2014, 7:35 pm
#8
Forum Regular
Joined: Nov 2012
Posts: 38
Re: Money Transfer to US
Does anyone know about money transfers from UK to US. I live in the US.
My UK building society will not let me open any other accounts, and I cannot open an account at another bank without a UK address.
I want to transfer my money to the US. The building society uses SWIFT and cannot tell me about the exchange rate or fees by the Agent Bank until I request the transfer.
Is SWIFT the best way to go or are there other options?
Jake
My UK building society will not let me open any other accounts, and I cannot open an account at another bank without a UK address.
I want to transfer my money to the US. The building society uses SWIFT and cannot tell me about the exchange rate or fees by the Agent Bank until I request the transfer.
Is SWIFT the best way to go or are there other options?
Jake
If you are actually moving to the states, I recommend finding the ones that are registered in the state where you are moving. This will mean that you can get you money in and out with the same service.
The challenge for a money transfer company is that the have to register in each state, which requires a lot of effort on their behalf. I have researched this and there are only but a few.
Apart from this there are other factors you might like to consider: Are they phone or internet based, what are the minimums they allow and of course fees and rates.
Sounds like a lot of work, but it can save you a LOT of money. Fortunately many have offices in the UK so that can be helpful too.
Oct 16th 2014, 8:24 pm
#9
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,463
Re: Money Transfer to US
Hi Jake,
If you are actually moving to the states, I recommend finding the ones that are registered in the state where you are moving. This will mean that you can get you money in and out with the same service.
The challenge for a money transfer company is that the have to register in each state, which requires a lot of effort on their behalf. I have researched this and there are only but a few.
Apart from this there are other factors you might like to consider: Are they phone or internet based, what are the minimums they allow and of course fees and rates.
Sounds like a lot of work, but it can save you a LOT of money. Fortunately many have offices in the UK so that can be helpful too.
If you are actually moving to the states, I recommend finding the ones that are registered in the state where you are moving. This will mean that you can get you money in and out with the same service.
The challenge for a money transfer company is that the have to register in each state, which requires a lot of effort on their behalf. I have researched this and there are only but a few.
Apart from this there are other factors you might like to consider: Are they phone or internet based, what are the minimums they allow and of course fees and rates.
Sounds like a lot of work, but it can save you a LOT of money. Fortunately many have offices in the UK so that can be helpful too.
