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

Money Transfer to US

Money Transfer to US

Old Oct 11th 2014, 6:25 pm
  #1  
Just Joined
Thread Starter
 
Joined: Oct 2014
Posts: 3
PJakes is an unknown quantity at this point
Default 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
PJakes is offline  
Old Oct 11th 2014, 9:04 pm
  #2  
 
lansbury's Avatar
 
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,579
lansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond repute
Default 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.
lansbury is offline  
Old Oct 13th 2014, 12:09 am
  #3  
Lt (R)
 
Pulaski's Avatar
 
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 49,369
Pulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond repute
Default Re: Money Transfer to US

What Lansbury said. I use xe.com.
Pulaski is offline  
Old Oct 14th 2014, 8:06 pm
  #4  
Just Joined
 
DevonLady's Avatar
 
Joined: May 2014
Location: Devon, UK
Posts: 1
DevonLady is an unknown quantity at this point
Default Re: Money Transfer to US

Search Moneycorp.com. Fast, reliable, great exchange rates. I've used them several times
DevonLady is offline  
Old Oct 14th 2014, 9:01 pm
  #5  
 
lansbury's Avatar
 
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,579
lansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond repute
Default Re: Money Transfer to US

Originally Posted by DevonLady View Post
Search Moneycorp.com. Fast, reliable, great exchange rates. I've used them several times
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.
lansbury is offline  
Old Oct 15th 2014, 1:32 am
  #6  
Just Joined
 
Joined: Oct 2014
Posts: 7
ZeeGee is an unknown quantity at this point
Default 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.
ZeeGee is offline  
Old Oct 15th 2014, 3:38 am
  #7  
BE Vendor
 
Joined: Oct 2014
Location: Sydney, Australia
Posts: 6
MattAus2014 is an unknown quantity at this point
Default Re: Money Transfer to US

Hi,

What U.S state are you in? Depending on licensing we may be able to help you out.
MattAus2014 is offline  
Old Oct 16th 2014, 7:35 pm
  #8  
Forum Regular
 
Joined: Nov 2012
Posts: 38
Quinna is an unknown quantity at this point
Default Re: Money Transfer to US

Originally Posted by PJakes View Post
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
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.
Quinna is offline  
Old Oct 16th 2014, 8:24 pm
  #9  
Lt (R)
 
Pulaski's Avatar
 
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 49,369
Pulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond repute
Default Re: Money Transfer to US

Originally Posted by Quinna View Post
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.
Xe.com belongs to Western Union, so effectively registered almost anywhere you could conceivably want to move money from or to. I am not certain that xe.com is the cheapest, but they're much cheaper than the banks, and certainly competitive with the cheapest on-line brokers, plus they have a long established and trusted name behind them.
Pulaski is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


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.