Sending US (~$25k) to UK
If I have a US and UK account, is the best option just to transfer from one bank to another (Wells Fargo to Halifax) or should I explore other services?
Any other things to think about? I don't want to end up on one of the border protection programs! |
Re: Sending US (~$25k) to UK
Do it bank-to-bank, as a wire and you'll get a cräppy exchange rate and get stuck with wire fees. Additional fees and poor exchange rate could easily cost you an additional 2%-5% of the amount. :eek:
Use an on-line remitter such as xe.com, xoom.com, etc, and select credit by ACH, so the receiving bank doesn't stick you with a wire fee. Sending funds between banks in the US and UK using a remitting service is not going to cause you to be flagged in any way. |
Re: Sending US (~$25k) to UK
Originally Posted by Pulaski
(Post 11218436)
Do it bank-to-bank, as a wire and you'll get a cräppy exchange rate and get stuck with wire fees. Additional fees and poor exchange rate could easily cost you an additional 2%-5% of the amount. :eek:
Use an on-line remitter such as xe.com, xoom.com, etc, and select credit by ACH, so the receiving bank doesn't stick you with a wire fee. Sending funds between banks in the US and UK using a remitting service is not going to cause you to be flagged in any way. Thanks for the advice Pulaski |
Re: Sending US (~$25k) to UK
Originally Posted by cookie2112
(Post 11218833)
...... Thanks for the advice Pulaski
BTW I used xe.com to transfer the net proceeds of the sale of my house, so I consider it to be safe for transferring "large" amounts. :) |
Re: Sending US (~$25k) to UK
It depending what US State you want to wire the money from.
Most of the on-line service can handle UK -> California but few can handle California -> UK. You'll need to check that out and if you're in CA choices may be limited. |
Re: Sending US (~$25k) to UK
Originally Posted by malch
(Post 11218883)
It depending what US State you want to wire the money from.
Most of the on-line service can handle UK -> California but few can handle California -> UK. You'll need to check that out and if you're in CA choices may be limited. |
Re: Sending US (~$25k) to UK
We used HIFX coming over but I'm not sure who to use going back.
I seem to remember we still had to pay wire fees though. |
Re: Sending US (~$25k) to UK
Originally Posted by Sally Redux
(Post 11219151)
We used HIFX coming over but I'm not sure who to use going back.
I seem to remember we still had to pay wire fees though. |
Re: Sending US (~$25k) to UK
Originally Posted by Sally Redux
(Post 11219151)
We used HIFX coming over but I'm not sure who to use going back.
I seem to remember we still had to pay wire fees though. |
Re: Sending US (~$25k) to UK
I just signed up with xe.com and they needed me to call and speak to a representative to clear up a question. That taken care of, I asked if it mattered that I was moving, and they said it was fine.
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