Transferring cash back to the UK
Oct 17th 2005, 8:53 pm
#1
Thinking about it
Thread Starter
Joined: Oct 2005
Location: Mid-West
Posts: 9,435
Transferring cash back to the UK
Hello folks
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that
).
I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.
Many thanks in advance
dg
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that
).I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.
Many thanks in advance
dg
Oct 17th 2005, 9:03 pm
#2
Joined: Oct 2002
Posts: 1,750
Re: Transferring cash back to the UK
Originally Posted by BigDavyG
Hello folks
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that ).
I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.
Many thanks in advance
dg
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that
).I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.
Many thanks in advance
dg
I moved a small amount of cash over when I came to the US and I don't remember getting hit with big charges. I think I used the Halifax - so maybe they will be cheap the other way around?
Oct 17th 2005, 9:03 pm
#3
Maño-Americano
Joined: Apr 2003
Location: In the heart of the Ozarks
Posts: 10,216
Re: Transferring cash back to the UK
Originally Posted by BigDavyG
Hello folks
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that ).
I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.
Many thanks in advance
dg
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that
).I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.
Many thanks in advance
dg
Oct 17th 2005, 9:17 pm
#4
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Transferring cash back to the UK
Originally Posted by BigDavyG
Hello folks
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that ).
I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.dg
This is my first post so please be gentle with me.
Anyway I move out here mid-July time and have somehow been able to save a bit of cash up (not having a pub or bookies on the street corner over here might have something to do with that
).I'd like to shift some of this back to the UK where I still have bills, etc coming out of my bank account. My bank over here is Citibank and by the time you factor in their charges for a wire transfer, their lovely spread on the exchange rate and then my UK bank's fee for accepting the transfer its going to cost me about 10% of the amount I want to transfer, and quite simply I'm not giving those greedy b*st*rds that much cash for doing very little.
Are there any other cheap and reliable methods of transferring cash to the UK. Had a look at a few websites, but some look decidely dodgy and others charge as much as Citibank would anyway.dg
www.xe.com no more to be said
Oct 17th 2005, 9:23 pm
#5
Thinking about it
Thread Starter
Joined: Oct 2005
Location: Mid-West
Posts: 9,435
Re: Transferring cash back to the UK
Originally Posted by BritGuyTN
www.xe.com no more to be said
Interestingly I use their converter a bit but I didn't realise that they provided services to individuals.
This could be a great shout. Thanks
Oct 17th 2005, 9:28 pm
#6
Guest
Posts: n/a
Re: Transferring cash back to the UK
You could always use Paypal. That's what I do.
Regards
Chris
Regards
Chris
Oct 17th 2005, 9:35 pm
#7
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Transferring cash back to the UK
Originally Posted by BigDavyG
Are the reputable enough and easy to use.
Interestingly I use their converter a bit but I didn't realise that they provided services to individuals.
This could be a great shout. Thanks
Interestingly I use their converter a bit but I didn't realise that they provided services to individuals.
This could be a great shout. Thanks
used it for years, everything from a few hundred to a few thousand dollars
Oct 17th 2005, 9:41 pm
#8
Thinking about it
Thread Starter
Joined: Oct 2005
Location: Mid-West
Posts: 9,435
Re: Transferring cash back to the UK
Cheers folks.
Thanks for the quick answers.
Have looked into paypal, but credit card fees make it a tad expensive.
With xe it looks like I can get within less than 1% of spot so that's the way to go.
Good luck
Thanks for the quick answers.
Have looked into paypal, but credit card fees make it a tad expensive.
With xe it looks like I can get within less than 1% of spot so that's the way to go.
Good luck
Oct 17th 2005, 9:46 pm
#9
Joined: Oct 2002
Posts: 1,750
Re: Transferring cash back to the UK
Originally Posted by BritGuyTN
Is there anything to stop you from transferring back and forth to coincide with currency fluctuations?
Oct 17th 2005, 9:48 pm
#10
Thinking about it
Thread Starter
Joined: Oct 2005
Location: Mid-West
Posts: 9,435
Re: Transferring cash back to the UK
Originally Posted by Chorlton
Is there anything to stop you from transferring back and forth to coincide with currency fluctuations?
I'll post the results on here but it might take a few weeks.
Oct 17th 2005, 9:50 pm
#11
Account Closed
Joined: Jan 2005
Posts: 3,877
Re: Transferring cash back to the UK
Originally Posted by BritGuyTN
www.xe.com no more to be said
Oct 17th 2005, 9:51 pm
#12
Joined: Oct 2002
Posts: 1,750
Re: Transferring cash back to the UK
Originally Posted by BigDavyG
Doesn't look like it. Not sure what limits they set on the amounts you can shift and to be honest I'll wouldn't fancy doing anything involving extremely large sums of cash on the net. I'll start off with $1k on this site and see how it goes.
I'll post the results on here but it might take a few weeks.
I'll post the results on here but it might take a few weeks.
I'd be interested to know. The idea always sounded too good to be true, so I haven't tried yet.
Oct 17th 2005, 10:02 pm
#13
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Transferring cash back to the UK
Originally Posted by Eskimo
Agreed but they are a total pain in the ass to set up with the dumb ass phone interview that must be done from your home phone - I gave up and still use Wells Fargo which is quicker (24 hours) but costs $20 more - exchange rate is acceptable
I didn't have that - maybe its a new thing (or you have something to hide
)anyway, even if you do have an interview, it must be a one-off thing
Oct 17th 2005, 10:13 pm
#14
BE Enthusiast
Joined: Jan 2005
Location: the wrong place
Posts: 892
Re: Transferring cash back to the UK
Originally Posted by BritGuyTN
when you use xe.com do you have it wired to your bank in the UK and if so can you check what exchange rate they give you at your bank........or do you buy pounds off xe.com then send pounds......we wired some money once and the charges for converting into pounds killed us......cheers
Oct 17th 2005, 10:17 pm
#15
BE Forum Addict
Joined: Oct 2004
Location: The Big Apple
Posts: 1,834
Re: Transferring cash back to the UK
Originally Posted by Eskimo
Agreed but they are a total pain in the ass to set up with the dumb ass phone interview that must be done from your home phone - I gave up and still use Wells Fargo which is quicker (24 hours) but costs $20 more - exchange rate is acceptable
they have to jump through these hoops because of regulations - its easier for Wells as they are a traditional branch bank