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sterling to dollars???

sterling to dollars???

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Old Jun 8th 2002, 10:47 pm
  #1  
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Location: lincolnshire uk
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mrpilock is an unknown quantity at this point
Default sterling to dollars???

does anyone know the best way to change my money into dollars when i go/get to the us i don`t mean small amount that you do at the b de change ect i mean from the sale of my house and savings ect ect?

thanks

kind regards

keith
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Old Jun 9th 2002, 12:20 am
  #2  
Alvena Ferreira
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Default Re: sterling to dollars???

mrpilock wrote:
    > does anyone know the best way to change my money into dollars when i go/get to the
    > us i don`t mean small amount that you do at the b de change ect i mean from the
    > sale of my house and savings ect ect?
    >
If you don't have a bank account in the US and don't want to wire your money to your
fiance's/spose's bank account (which is a nice way to do it, frankly), then I would
have the money made out in a cashier's check to myself. Don't sign the check. Bring
the check with you (guard it with your life, of course). And then just deposit the
check in the bank when you arrive. The check is not legal tender until you sign it,
so you don't even have to declare it at customs, from the experiences of others who
have done it this way.

Alvena

Doc Steen Site: http://www.mindspring.com/~docsteen/...o/visainfo.htm
=========================================
I am not a lawyer and this is not immigration advice. This is my personal opinion,
gleaned from the previous postings of others, and posted for the purpose of
discussion only. If your case is complicated, then you may need an immigration
attorney. Locate an immigration attorney in your area at: http://www.aila.org
=========================================
 
Old Jun 9th 2002, 11:50 am
  #3  
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Posts: 717
Ameriscot is an unknown quantity at this point
Default Re: sterling to dollars???

Your bank should be able to do a Swiftwire transfer to your bank in the US. It should arrive in less than a day, and the bank takes care of any customs declarations.

We do this regularly (from US to UK) and have been very pleased with the reliability and exchange rates. Each bank takes about $10 for the service.
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Old Jun 9th 2002, 2:20 pm
  #4  
Lottie Stannard
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Default Re: sterling to dollars???

you could maybe also look into getting an international account? I know Barclays
offers this service...

"Ameriscot" <[email protected]> wrote in message
news:[email protected]...
    > Your bank should be able to do a Swiftwire transfer to your bank in the US. It
    > should arrive in less than a day, and the bank takes care of any customs
    > declarations.
    >
    > We do this regularly (from US to UK) and have been very pleased with the
    > reliability and exchange rates. Each bank takes about $10 for the service.
    >
    >
    >
    > --
    > http://www.ameriscot.com/i130
    >
    > Posted via http://britishexpats.com
 
Old Jun 9th 2002, 10:20 pm
  #5  
Rick
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Default Re: sterling to dollars???

Alvena Ferreira <[email protected]> wrote in message
news:<[email protected]>...
    > mrpilock wrote:
    > > does anyone know the best way to change my money into dollars when i go/get to
    > > the us i don`t mean small amount that you do at the b de change ect i mean from
    > > the sale of my house and savings ect ect?
    > >
    > If you don't have a bank account in the US and don't want to wire your money to
    > your fiance's/spose's bank account (which is a nice way to do it, frankly), then I
    > would have the money made out in a cashier's check to myself. Don't sign the check.
    > Bring the check with you (guard it with your life, of course). And then just
    > deposit the check in the bank when you arrive. The check is not legal tender until
    > you sign it, so you don't even have to declare it at customs, from the experiences
    > of others who have done it this way.
    >
    > Alvena

    > Doc Steen Site: http://www.mindspring.com/~docsteen/...o/visainfo.htm
    > =========================================
    > I am not a lawyer and this is not immigration advice. This is my personal opinion,
    > gleaned from the previous postings of others, and posted for the purpose of
    > discussion only. If your case is complicated, then you may need an immigration
    > attorney. Locate an immigration attorney in your area at: http://www.aila.org
    > =========================================

Not that I wish to disagree with Alvena, but the excerpt below is copied directly
from http://www.foreignborn.com/visas_imm...nres.htm#money

There is no limit on the total amount of monetary instruments that may be brought
into or taken out of the United States, nor is it illegal to do so. However, if you
transport or cause to be transported (including by mail or other means), more than
$10,000 in monetary instruments on any occasion into or out of the United States, or
if you receive more than that amount, you must file a report (Customs Form 4790
<http://www.customs.gov/travel/forms.htm>) with U.S. Customs. Failure to comply can
result in civil and criminal penalties, including seizure of the currency or
monetary instruments. Monetary instruments include U.S. or foreign coin, currency,
travelers checks, money orders, and negotiable instruments or investment securities
in bearer form.

You might want to check the US Customs website for clarification prior to risking
your money and your possible future in the US...

Rick
 
Old Jun 10th 2002, 4:21 pm
  #6  
Squire
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Posts: n/a
Default Re: sterling to dollars???

In article <[email protected]>, Alvena Ferreira
<[email protected]> writes
    >mrpilock wrote:
    >> does anyone know the best way to change my money into dollars when i go/get to the
    >> us i don`t mean small amount that you do at the b de change ect i mean from the
    >> sale of my house and savings ect ect?
    >>
    >If you don't have a bank account in the US and don't want to wire your money to your
    >fiance's/spose's bank account (which is a nice way to do it, frankly), then I would
    >have the money made out in a cashier's check to myself. Don't sign the check. Bring
    >the check with you (guard it with your life, of course). And then just deposit the
    >check in the bank when you arrive. The check is not legal tender until you sign it,
    >so you don't even have to declare it at customs, from the experiences of others who
    >have done it this way.

There is no such animal as a 'cashier's check' in the UK (unless perhaps at UK
branches of American banks). The nearest equivalent is known as a Bankers Draft and
is a cheque made payable to a third party and drawn on the bank itself (therefore
deemed to be highly creditworthy). Nevertheless the funds would not be immediately
available if paid into a bank in USA, as the cheque would need to be cleared and this
could take several days. Much better to use electronic transfer methods.

--
squire Those are my principles. If you don't like them I have others. (Groucho)
 

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