Re: Moving Money
 

UKForex give as good or better rates than XETrade, and can verify you without you having to send reams of paperwork to them.

Re: Moving Money
 

Although its worth noting you are still restricted to what your bank is willing to transfer. Barclays for example have a £5000 limit on online transfers - this used to be only £1000. So if you want to transfer more then this you still have to go into the bank.

Re: Moving Money
 

Indeed....we're with Barclays, so gonna have to go into the branch to transfer the bulk of the cash.

It's a good idea really.....lest someone gets your online banking credentials and clears you out!

Re: Moving Money
 

Yep, I appreciate the security, but its a pain when you are not in the country and need to transfer money.

Re: Moving Money
 

In my opinion, Barclays are turning into something of a joke. Capping daily fund transfers and making people carry that ridiculous "calculator" to check their account is annoying and inconvenient (secure, yes, - but overkill).

I'd consider switching banks before you depart; once you are away and you can't pop in, it might be problematic.

Re: Moving Money
 

We'll only be leaving a few grand in the Barclays account....just enough to use for ATM withdrawls and to pay of UK credit cards for a month or two while we get set up in the US.

Re: Moving Money
 

No you don't - you just transfer it in several chunks! :)

Re: Moving Money
 

Well yes, but when there are particularly large sums its a pain doing it every day for weeks on end - and it can prove costly. I found this when I sold my house and although I can't complain too much about the exchange rate, the first few days I got about $2.05, but by the end it was well below $2 - this works out as a fair bit of money.

Edit: Also I would imagine transferring £5000 every day for ages would give you a good chance of being flagged as suspicious.