sending money
#1
Forum Regular
Thread Starter
Joined: Sep 2002
Location: uk
Posts: 48
sending money
What is the quickest way to send money from uk to us bank account?
#3
Forum Regular
Joined: Jun 2003
Location: Belgium
Posts: 247
Re: sending money
Originally posted by abb
What is the quickest way to send money from uk to us bank account?
What is the quickest way to send money from uk to us bank account?
It kinda blows me away that in this information age with electronic money, it's still a tricky issue to move money between countries for a reasonable price. Wire transfers bend you over. What if I want to work abroad for a year, and use my credit cards? It seems I would have to pay my credit cards by using C2it to wire foreign money into my american checking account.. which is like $10 per transaction or something. Rediculous. Am I missing something? My German roommate who lives here in the US runs into these issues, and I think he just tries to avoid moving money back and forth whenever possible.
#4
Re: sending money
Originally posted by abb
What is the quickest way to send money from uk to us bank account?
What is the quickest way to send money from uk to us bank account?
#5
Forum Regular
Joined: Jun 2003
Location: Belgium
Posts: 247
Re: sending money
Originally posted by ray6
Just contact the international division of your UK bank and ask them to tranfer funds to your US bank, giving them the routeing number and the account number...
Just contact the international division of your UK bank and ask them to tranfer funds to your US bank, giving them the routeing number and the account number...
I guess it depends on the amount.. for large amounts, like $10k, 15 USD is nothing.. but for small amounts, it might make more sense to send cash in the mail, and insure the envelope, and deal with exchange fees.
#6
Citibank - also have US dollar accounts for UK citizens so it is as quick as going on line and doing it yourself. Other than that give me the cash and I wil take it for you - honest!
#7
Re: sending money
Originally posted by jgombos
They charge like $15 per transfer to do that kind of overseas transfer.. at least, if the funds come from Germany that's how it is.. c2it is probably the cheapest way to go.
I guess it depends on the amount.. for large amounts, like $10k, 15 USD is nothing.. but for small amounts, it might make more sense to send cash in the mail, and insure the envelope, and deal with exchange fees.
They charge like $15 per transfer to do that kind of overseas transfer.. at least, if the funds come from Germany that's how it is.. c2it is probably the cheapest way to go.
I guess it depends on the amount.. for large amounts, like $10k, 15 USD is nothing.. but for small amounts, it might make more sense to send cash in the mail, and insure the envelope, and deal with exchange fees.
Also, the OP poster was asking for the quickest way to send money. The speed of mail is probably slower than having a bank to bank transfer. It's a minimum of five (business) days from the US to UK (and vice versa) in my experience.
NC Penguin
#8
BE Forum Addict
Joined: Mar 2003
Location: Florida
Posts: 1,296
I opened up accounts with HSBC in Jersey- I get money from UK banks paid into the checking account and can withdraw it here in the US in dollars using my switchcard at a cirrus ATM. HSBC changes it at that day's exchange rate and for lower charges than electronic transfer - which is usually a standard charge whatever the amount and then your US bank may also charge too.
#10
Just Joined
Joined: Jul 2003
Posts: 2
Has anyone tried these guys?
http://www.onlinefx.co.uk/content/services/imt.asp
Free for amounts over £10K ...
but how do I know they are legit?
We will (hopefully) need to tranfer loadzamoney after we sell our flat - any suggestions for getting the money to the USA?
Thanx for any help
http://www.onlinefx.co.uk/content/services/imt.asp
Free for amounts over £10K ...
but how do I know they are legit?
We will (hopefully) need to tranfer loadzamoney after we sell our flat - any suggestions for getting the money to the USA?
Thanx for any help
#11
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
honestly - use xe.com
they have great rates, online transfer process and seem very reliable
AND there is no fee no matter what amount you transfer
they have great rates, online transfer process and seem very reliable
AND there is no fee no matter what amount you transfer
#12
For heavens sake, if you are transferring your entire life's net worth why worry about saving £30 in fees.
Bite the bullet, go to your own bank and tell them to transfer the money, and if it is more than about £10,000 that you want the wholesale rate.
It won't cost you an arm and leg and you'll have the comfort of knowing that your money is in the hands of long standing businesses regulated by the Bank of England and the Federal Reserve Bank. How would you even begin to trace where your money had gone if some internet business lost it?
Bite the bullet, go to your own bank and tell them to transfer the money, and if it is more than about £10,000 that you want the wholesale rate.
It won't cost you an arm and leg and you'll have the comfort of knowing that your money is in the hands of long standing businesses regulated by the Bank of England and the Federal Reserve Bank. How would you even begin to trace where your money had gone if some internet business lost it?
#13
Just Joined
Joined: Jul 2003
Posts: 2
Yeah. We came to the same conclusion re transfer of life's net worth (!). (You have quite the turn of phrase, Pulaski)
But, the thing is, this question, that is, sending money (not life's net worth), does seem to come up regularly...it would be nice to know a cheap & reliable way to do it, esp as it is unlikely to all occur in one lump sum. oh well. I was just hoping that this forum was going to have all of the answers (I am hoping for plentiful jobs in NC as well, not to mention world peace...). Perhaps I should just sign myself Pollyanna...
And yes, I am american - repatriating after 17 years in London. Am I allowed in this forum ?
But, the thing is, this question, that is, sending money (not life's net worth), does seem to come up regularly...it would be nice to know a cheap & reliable way to do it, esp as it is unlikely to all occur in one lump sum. oh well. I was just hoping that this forum was going to have all of the answers (I am hoping for plentiful jobs in NC as well, not to mention world peace...). Perhaps I should just sign myself Pollyanna...
And yes, I am american - repatriating after 17 years in London. Am I allowed in this forum ?
#14
Forum Regular
Joined: Jun 2003
Location: Plymouth Devon UK
Posts: 45
PayPal
indeed i agree... when transferring large sums of money.. perhaps proceedsd of sale of your proeprty etc... then do it through your Bank.. when dealing with such large amounts of money why worry about losing the cost of an evening out..
if you are selling your property and its the proceeds of sale that you wish to transfer let your solicitor know right at the start and they will get the forms required from the bank and you can fill them in at your leisure... its very straightforward to do...
if its small amounts of money.. there are a number of options open to you... my fiance just sends me a money order by registered mail... but that has its draw backs in that, in my experience, you get hit for commission and usually from sending to actually having the money credited to the account it takes on average two weeks...
a suggestion from another board member was PayPal... if you upgrade to their Premium Service... for which there is no fee... you can request TWO debit cards... one in the USC's name and one in the other's name... the USC just puts money into the PayPal account.. and the fiance(e) in the other country can then either withdraw the money through an ATM.. (NatWest and HSBC being the banks who DEFINATELY allow it) or use the card to pay for goods in shops.. like any other DEBIT card...
hope that helps...
Bee
UK to USA
if you are selling your property and its the proceeds of sale that you wish to transfer let your solicitor know right at the start and they will get the forms required from the bank and you can fill them in at your leisure... its very straightforward to do...
if its small amounts of money.. there are a number of options open to you... my fiance just sends me a money order by registered mail... but that has its draw backs in that, in my experience, you get hit for commission and usually from sending to actually having the money credited to the account it takes on average two weeks...
a suggestion from another board member was PayPal... if you upgrade to their Premium Service... for which there is no fee... you can request TWO debit cards... one in the USC's name and one in the other's name... the USC just puts money into the PayPal account.. and the fiance(e) in the other country can then either withdraw the money through an ATM.. (NatWest and HSBC being the banks who DEFINATELY allow it) or use the card to pay for goods in shops.. like any other DEBIT card...
hope that helps...
Bee
UK to USA
#15
Re: PayPal
Originally posted by bizzie@herdesk
indeed i agree... when transferring large sums of money.. perhaps proceedsd of sale of your proeprty etc... then do it through your Bank.. when dealing with such large amounts of money why worry about losing the cost of an evening out..
if you are selling your property and its the proceeds of sale that you wish to transfer let your solicitor know right at the start and they will get the forms required from the bank and you can fill them in at your leisure... its very straightforward to do...
if its small amounts of money.. there are a number of options open to you... my fiance just sends me a money order by registered mail... but that has its draw backs in that, in my experience, you get hit for commission and usually from sending to actually having the money credited to the account it takes on average two weeks...
a suggestion from another board member was PayPal... if you upgrade to their Premium Service... for which there is no fee... you can request TWO debit cards... one in the USC's name and one in the other's name... the USC just puts money into the PayPal account.. and the fiance(e) in the other country can then either withdraw the money through an ATM.. (NatWest and HSBC being the banks who DEFINATELY allow it) or use the card to pay for goods in shops.. like any other DEBIT card...
hope that helps...
Bee
UK to USA
indeed i agree... when transferring large sums of money.. perhaps proceedsd of sale of your proeprty etc... then do it through your Bank.. when dealing with such large amounts of money why worry about losing the cost of an evening out..
if you are selling your property and its the proceeds of sale that you wish to transfer let your solicitor know right at the start and they will get the forms required from the bank and you can fill them in at your leisure... its very straightforward to do...
if its small amounts of money.. there are a number of options open to you... my fiance just sends me a money order by registered mail... but that has its draw backs in that, in my experience, you get hit for commission and usually from sending to actually having the money credited to the account it takes on average two weeks...
a suggestion from another board member was PayPal... if you upgrade to their Premium Service... for which there is no fee... you can request TWO debit cards... one in the USC's name and one in the other's name... the USC just puts money into the PayPal account.. and the fiance(e) in the other country can then either withdraw the money through an ATM.. (NatWest and HSBC being the banks who DEFINATELY allow it) or use the card to pay for goods in shops.. like any other DEBIT card...
hope that helps...
Bee
UK to USA
Sam.