Sending money back to a UK bank account
Mar 3rd 2014, 9:28 pm
#1
Just Joined
Thread Starter
Joined: Dec 2012
Posts: 15
Sending money back to a UK bank account
Hi everyone,
If you were sending a one off payment of 450 dollars to your UK bank account, what is the cheapest and best way to send it?
Abbie
If you were sending a one off payment of 450 dollars to your UK bank account, what is the cheapest and best way to send it?
Abbie
Mar 3rd 2014, 10:17 pm
#2
BE Enthusiast
Joined: Sep 2009
Posts: 537
Re: Sending money back to a UK bank account
I use xe.com to send money to the UK every month. It normally takes about 10 days. You can do it faster buy you have to pay fees for that.
Mar 3rd 2014, 10:38 pm
#3
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: Sending money back to a UK bank account
I've used xe.com in both directions, but annecdotally I hear that other services may be cheaper now, such as xoom.com, or World First, .... or search BE posts for other recommendations (search for threads containing <xe.com>).
Mar 4th 2014, 2:00 pm
#4
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: Sending money back to a UK bank account
+1 for XE.com. Not saying that it is the absolute cheapest but it works well for me and I use it quite a bit.
Mar 4th 2014, 2:06 pm
#5
BE Enthusiast
Joined: Dec 2011
Location: Port St Lucie, Florida
Posts: 548
Re: Sending money back to a UK bank account
I used XE this week and it worked well
Mar 4th 2014, 2:23 pm
#6
BE Enthusiast
Joined: Nov 2007
Posts: 906
Re: Sending money back to a UK bank account
+1 XE, very easy to use and reliable.
Mar 4th 2014, 3:21 pm
#7
BE Forum Addict
Joined: Jan 2014
Location: Anchorage, AK, USA
Posts: 1,347
Re: Sending money back to a UK bank account
I have used HiFX, and I'm also registered on XE. However, I found USForex (or UKForex if you're still in the UK) gave a significantly better rate when I transferred most of my UK savings to the US last year. I would compare rates and then decide.
Mar 4th 2014, 3:27 pm
#8
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: Sending money back to a UK bank account
That was when I switched to xe.com
Mar 4th 2014, 3:29 pm
#9
BE Forum Addict
Joined: Jan 2014
Location: Anchorage, AK, USA
Posts: 1,347
Re: Sending money back to a UK bank account
I used them in the UK shortly before I moved over, so you may be right.
Mar 4th 2014, 3:32 pm
#10
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: Sending money back to a UK bank account
Restriction of our service to USA based clients
Regrettably I write to inform you that, due to changes in legislation, we will be unable to continue to offer our international money transfer services to clients located in the United States of America (USA). As a result, any existing transactions that you have outstanding with HiFX will be completed in the normal way, however you will be unable to undertake any new transfers.
Below we have anticipated some of the questions you may have.
Q: Can I still access my online account?
A: Yes. While you will be unable to undertake further FX transactions with HiFX, you can still login to your account and enabling you to have full access to review both current and historical transactions.
Q: What happens to my existing FX transactions?
A: Simply complete the contract as normal. Please ensure you deliver your funds by the agreed value date and we will pay your purchased funds to the nominated beneficiary.
Q: What do I do if I have a Market Order in place?
A: As the outcome of a market order is an FX transaction we will unfortunately need to cancel any outstanding Market Orders you have. We shall, if we have not already done so, be calling you directly.
Q: What if I am no longer located in the USA?
A: Simply provide us with your new proof of address and you will be able to continue to use our services as normal.
Should you have any further questions please do not hesitate to email us: [email protected] or call us on +44 (0)1753 859159.
Once again, please accept our sincere apologies for any inconvenience this may cause. We will of course let you know should we resume our services to US based clients. In the meantime, thank you for your support and understanding.
Kind regards.
Alistair Scott
Head of Private Client Services
Regrettably I write to inform you that, due to changes in legislation, we will be unable to continue to offer our international money transfer services to clients located in the United States of America (USA). As a result, any existing transactions that you have outstanding with HiFX will be completed in the normal way, however you will be unable to undertake any new transfers.
Below we have anticipated some of the questions you may have.
Q: Can I still access my online account?
A: Yes. While you will be unable to undertake further FX transactions with HiFX, you can still login to your account and enabling you to have full access to review both current and historical transactions.
Q: What happens to my existing FX transactions?
A: Simply complete the contract as normal. Please ensure you deliver your funds by the agreed value date and we will pay your purchased funds to the nominated beneficiary.
Q: What do I do if I have a Market Order in place?
A: As the outcome of a market order is an FX transaction we will unfortunately need to cancel any outstanding Market Orders you have. We shall, if we have not already done so, be calling you directly.
Q: What if I am no longer located in the USA?
A: Simply provide us with your new proof of address and you will be able to continue to use our services as normal.
Should you have any further questions please do not hesitate to email us: [email protected] or call us on +44 (0)1753 859159.
Once again, please accept our sincere apologies for any inconvenience this may cause. We will of course let you know should we resume our services to US based clients. In the meantime, thank you for your support and understanding.
Kind regards.
Alistair Scott
Head of Private Client Services
Mar 4th 2014, 4:07 pm
#11
Just Joined
Thread Starter
Joined: Dec 2012
Posts: 15
Re: Sending money back to a UK bank account
Thank you everyone!
I have left fit a bit late as I'm flying on Friday but I'm giving World first a try. Their rates are good and so far they are easy to deal with.
I will let you know if any problems occur!
I have left fit a bit late as I'm flying on Friday but I'm giving World first a try. Their rates are good and so far they are easy to deal with.
I will let you know if any problems occur!
Mar 4th 2014, 5:36 pm
#12
Austin. TX.
Joined: Sep 2013
Posts: 5,930
Re: Sending money back to a UK bank account
Currencies Direct can transfer money for you, a contact of mine is [email protected] . She's lovely and very helpful.
We've also used world first with no problems Usually same day/next day. good rates.
We've also used world first with no problems Usually same day/next day. good rates.
Mar 4th 2014, 5:51 pm
#13
Lost in BE Cyberspace
Joined: Mar 2010
Location: Phoenix, AZ
Posts: 8,106
Re: Sending money back to a UK bank account
Lots of firms have been struggling with regulations and licensing, often state specific too. Someone mentioned one in a recent thread stopping in Oregon. Some of these forex firms are not licensed in all states and therefore cannot serve you if you are resident particular states.
Mar 4th 2014, 5:53 pm
#14
BE Enthusiast
Joined: Jan 2012
Location: Plymouth Meeting, PA!
Posts: 443
Re: Sending money back to a UK bank account
I use xoom.com - very easy and quick.
