Money transfers
Jul 18th 2005, 5:12 pm
#16
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Re: Money transfers
Originally Posted by Dimsie
Until earlier this year I was doing the same thing - using ATM to get funds from my UK bank account, but the most I ever had to pay was around $2.75 to get $300. Even at the little ATM in the local supermarket it was only a few cents more.
Your $60 fee sounds more like the bank transfer fee I paid when I transferred money to buy the house here. I think that is what is known as "wire transfer". I sent the bank a request using fax, after having arranged for "fax indemnity" and obtaining all the information I'd need before I left the UK. The fee was somewhere between 25 and 30 pounds I think.
If you need to make a bank transfer I'd telephone your UK bank and ask for advice.
Your $60 fee sounds more like the bank transfer fee I paid when I transferred money to buy the house here. I think that is what is known as "wire transfer". I sent the bank a request using fax, after having arranged for "fax indemnity" and obtaining all the information I'd need before I left the UK. The fee was somewhere between 25 and 30 pounds I think.
If you need to make a bank transfer I'd telephone your UK bank and ask for advice.
Jul 18th 2005, 5:13 pm
#17
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Re: Money transfers
Originally Posted by fatbrit
Jul 18th 2005, 5:25 pm
#18
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Re: Money transfers
Originally Posted by Big D
I would take care what you tell you UK bank about your move to the States - they may make you close your UK account, or call in any credit cards, loans or mortgages you may have with them
HSBC didn't do anything like that, BigD. I still have both a savings and a current account in the UK, as well as an account with a different bank in the US. I still have a UK HSBC credit card and use it. And HSBC in the US eventually were persuaded to give me an unsecured US credit card because I told them about my relationship with HSBC UK.
Jul 18th 2005, 5:44 pm
#19
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Re: Money transfers
Originally Posted by Dimsie
HSBC didn't do anything like that, BigD. I still have both a savings and a current account in the UK, as well as an account with a different bank in the US. I still have a UK HSBC credit card and use it. And HSBC in the US eventually were persuaded to give me an unsecured US credit card because I told them about my relationship with HSBC UK.
Jul 18th 2005, 10:01 pm
#20
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Re: Money transfers
Originally Posted by CKM8
Hello,
I am currently withdrawing funds from my bank in the UK at local ATMS. But, they are charging me $60 per transaction of $500. I have just opened an account with Bank of America-is there a cheaper way of getting cash from my account in the UK? Someone mentioned 'Wire transfers' does anyone have any information on them?
I am currently withdrawing funds from my bank in the UK at local ATMS. But, they are charging me $60 per transaction of $500. I have just opened an account with Bank of America-is there a cheaper way of getting cash from my account in the UK? Someone mentioned 'Wire transfers' does anyone have any information on them?
. Thanks..I can see all the transactions now on my internet bank. 
