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Sending Money Home

Sending Money Home

Old Jul 26th 2006, 12:38 pm
  #1  
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Default Sending Money Home

Anyone got any idea what the cheapest way to send money back to the UK is ?

I need to send money from my US bank account to UK Bank Account.

Only 100 bucks a month but Bank of America charge a 45 dollar fee.
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Old Jul 26th 2006, 1:09 pm
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Default Re: Sending Money Home

Originally Posted by peter1966
Anyone got any idea what the cheapest way to send money back to the UK is ?

I need to send money from my US bank account to UK Bank Account.

Only 100 bucks a month but Bank of America charge a 45 dollar fee.
XETrade from XE.com.
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Old Jul 26th 2006, 1:18 pm
  #3  
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Default Re: Sending Money Home

Yup XETrade is the best way to go, IIRC it's an $18 fee.
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Old Jul 26th 2006, 2:07 pm
  #4  
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Default Re: Sending Money Home

Sending small amouts like that is ludicrous ..either send it a quarterly
or a riskier $100 note in an envelope ..
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Old Jul 26th 2006, 2:13 pm
  #5  
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Default Re: Sending Money Home

Originally Posted by peter1966
Anyone got any idea what the cheapest way to send money back to the UK is ?

I need to send money from my US bank account to UK Bank Account.

Only 100 bucks a month but Bank of America charge a 45 dollar fee.

I still pay a Barclaycard Visa in the UK and will continue to do so for too many years miss spent youth :scared:
Anyway I get a Western Union Money order made up and Mum pays it into my bank account in the UK and I then transfer it online to B/C.

Get a relative or friend to pay it in for you
 
Old Jul 26th 2006, 5:32 pm
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Default Re: Sending Money Home

I use PayPal to send a regular payments back to my ex-wife in the UK. Works well for us. On small transactions (sub £500 a month I seem to recall) the recipient doesn't pay a fee, so the amount I send is the amount they get. Also I can select an amount in pounds sterling rather than trying to work out the ever changing exchange rate each month. The transfer is instant, but takes 3 to 5 days to get from PayPal.co.uk to her bank account (she can spend it instantly online if she doesn't want to withdraw it).

Dave


Originally Posted by peter1966
Anyone got any idea what the cheapest way to send money back to the UK is ?

I need to send money from my US bank account to UK Bank Account.

Only 100 bucks a month but Bank of America charge a 45 dollar fee.
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Old Jul 26th 2006, 6:15 pm
  #7  
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Default Re: Sending Money Home

Yeah, I was gonna say paypal too.

Or a currency trader like HiFX rather than the bank....
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