Transfer Money from UK to USA
Jun 20th 2022, 7:33 pm
#16
Just Joined
Joined: Apr 2012
Location: Boston
Posts: 18
Re: Transfer Money from UK to USA
There are definite drawbacks and advantages to each of a global institution and a regional bank/CU. Happy to provide guidance and opinion on either if you DM me - it's often situational.
Jun 20th 2022, 7:44 pm
#17
Banned
Joined: Jul 2014
Location: Hawley
Posts: 958
Re: Transfer Money from UK to USA
*shudder*, no thanks! My wife transferred to BoA with me since her local credit union had no idea how to deal with transfers to/from Japan and the UK.
We are in the highest tier for 'regular' banking customers and the fees are fine.
Also, when I have been a victim of fraud and/or situations arise similar to what I have described above, they call immediately and resolve in my favour.
My experience with credit unions is only n=1, though.
BoA also very useful for notarizing patents for 200+ countries (all with specific demands/asks in some cases). Can not imaging the local dingleberry in my local credit union having a clue!!
We are in the highest tier for 'regular' banking customers and the fees are fine.
Also, when I have been a victim of fraud and/or situations arise similar to what I have described above, they call immediately and resolve in my favour.
My experience with credit unions is only n=1, though.
BoA also very useful for notarizing patents for 200+ countries (all with specific demands/asks in some cases). Can not imaging the local dingleberry in my local credit union having a clue!!
Jun 20th 2022, 8:24 pm
#18
BE Forum Addict
Joined: Jan 2016
Posts: 1,167
Re: Transfer Money from UK to USA
Your experience is far different than mine was, I wish you continued good luck with BOA, My credit union does everything better and cheaper than BOA and there customer service is better. Many credit unions do have knowledgable capable staff. You can transfer your money with a provider like Wise and save a lot of money and usually get it to the recipient faster of you want to save money but again if your happy with you bank I won't change your mind.,
Jun 20th 2022, 9:12 pm
#19
Deep in the woods of CT
Joined: Feb 2010
Posts: 7,002
Re: Transfer Money from UK to USA
But the person responding to you negatively was also talking about his personal experience. I have used BofA for decades with no problems -- and no fees. I have regularly received payments from a variety of countries, plus there have been a couple of bequests from the UK, all with no snags.
Jun 24th 2022, 9:59 pm
#20
Forum Regular
Joined: Jul 2018
Location: California
Posts: 254
Re: Transfer Money from UK to USA
I have received this email from Wise (formerly Transferwise):
"From 14 July 2022, your Customer Agreement with us will change................from July 14, we’ll need your consent to open a currency account for you when you set up a transfer......"
In the past, I have come across UK citizens not resident in the UK not being able to open a UK bank account, but now it seems anyone of any nationality doing a transfer will automatically have a UK bank account.
"From 14 July 2022, your Customer Agreement with us will change................from July 14, we’ll need your consent to open a currency account for you when you set up a transfer......"
In the past, I have come across UK citizens not resident in the UK not being able to open a UK bank account, but now it seems anyone of any nationality doing a transfer will automatically have a UK bank account.
Jun 24th 2022, 10:06 pm
#21
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,439
Re: Transfer Money from UK to USA
I have received this email from Wise (formerly Transferwise):
"From 14 July 2022, your Customer Agreement with us will change................from July 14, we’ll need your consent to open a currency account for you when you set up a transfer......"
In the past, I have come across UK citizens not resident in the UK not being able to open a UK bank account, but now it seems anyone of any nationality doing a transfer will automatically have a UK bank account.
"From 14 July 2022, your Customer Agreement with us will change................from July 14, we’ll need your consent to open a currency account for you when you set up a transfer......"
In the past, I have come across UK citizens not resident in the UK not being able to open a UK bank account, but now it seems anyone of any nationality doing a transfer will automatically have a UK bank account.
