Transferring money
#1
Just Joined
Thread Starter
Joined: Oct 2014
Posts: 24
Transferring money
Hi all,
I was just wondering if anyone had any insight in the best way to transfer money between the US and the UK? Has anyone had any great experiences or any really bad ones? Bank versus third-party companies, it all seems complicated so thought I'd post a quick post on here.
Actually looking at transferring a little bit from US to UK, to finish up some bills before moving to the US - so probably the opposite way to most people
Would appreciate any pointers !
Take care
I was just wondering if anyone had any insight in the best way to transfer money between the US and the UK? Has anyone had any great experiences or any really bad ones? Bank versus third-party companies, it all seems complicated so thought I'd post a quick post on here.
Actually looking at transferring a little bit from US to UK, to finish up some bills before moving to the US - so probably the opposite way to most people
Would appreciate any pointers !
Take care
#2
Re: Transferring money
It's actually not that complicated.
Just depends on the amt of money you're trying to transfer and how much money you're will to pay in order to do it.
You can wire transfer the money very easily. The fee wld depend on what your bank(s) charges and/or, what kind of account you have.
Just depends on the amt of money you're trying to transfer and how much money you're will to pay in order to do it.
You can wire transfer the money very easily. The fee wld depend on what your bank(s) charges and/or, what kind of account you have.
Hi all,
I was just wondering if anyone had any insight in the best way to transfer money between the US and the UK? Has anyone had any great experiences or any really bad ones? Bank versus third-party companies, it all seems complicated so thought I'd post a quick post on here.
Actually looking at transferring a little bit from US to UK, to finish up some bills before moving to the US - so probably the opposite way to most people
Would appreciate any pointers !
Take care
I was just wondering if anyone had any insight in the best way to transfer money between the US and the UK? Has anyone had any great experiences or any really bad ones? Bank versus third-party companies, it all seems complicated so thought I'd post a quick post on here.
Actually looking at transferring a little bit from US to UK, to finish up some bills before moving to the US - so probably the opposite way to most people
Would appreciate any pointers !
Take care
#3
Re: Transferring money
Wiring funds usually costs quite a bit, most people here use a third party transfer company. I use xe.com, I've heard good things about xoom too.
#4
Just Joined
Thread Starter
Joined: Oct 2014
Posts: 24
Re: Transferring money
Ah, wonderful. Thank you!
#5
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: Transferring money
Hi all,
I was just wondering if anyone had any insight in the best way to transfer money between the US and the UK? Has anyone had any great experiences or any really bad ones? Bank versus third-party companies, it all seems complicated so thought I'd post a quick post on here.
Actually looking at transferring a little bit from US to UK, to finish up some bills before moving to the US - so probably the opposite way to most people
Would appreciate any pointers !
Take care
I was just wondering if anyone had any insight in the best way to transfer money between the US and the UK? Has anyone had any great experiences or any really bad ones? Bank versus third-party companies, it all seems complicated so thought I'd post a quick post on here.
Actually looking at transferring a little bit from US to UK, to finish up some bills before moving to the US - so probably the opposite way to most people
Would appreciate any pointers !
Take care
Stay away from the banks. The following money transfer specialists are all commonly mentioned: xe.com, xoom.com, transferwise, worldfirst.
#7
Just Joined
Thread Starter
Joined: Oct 2014
Posts: 24
Re: Transferring money
thanks so much for all the advice
#8
BE Enthusiast
Joined: Feb 2013
Posts: 946
Re: Transferring money
As I have mentioned before I have had great service with Transferwise. I also have a promo code which you can use to get your first transfer for free. Private message me here if you are interested!
#9
Just Joined
Joined: Mar 2015
Posts: 4
Re: Transferring money
Another vote for Xoom
I've used it regularly to send money back to the UK from the States, $5 flat fee and an exchange rate in line with any bank transfer I had made through Chase / Wells Fargo.
I've used it regularly to send money back to the UK from the States, $5 flat fee and an exchange rate in line with any bank transfer I had made through Chase / Wells Fargo.
#12
Re: Transferring money
#13
Just Joined
Joined: Mar 2015
Posts: 4
Re: Transferring money
Xoom rates today are 0.656:1.00 compared to the market rates of 0.67:1.00
So you'd be losing about 5 GBP on a $500 transaction compared to market rates, but saving $40-50 in fees. That is good enough for me particularly bearing in mind the ease and that money can be in the UK account in a few hours.
For small amounts it isn't a bad deal, if you are moving hundreds of thousands you may want to speak to someone else and likely not asking for advise from a forum.
If you have other recommendations I'd be pleased to hear them, rather that than than listen to your sarcasm which is about as much use as a chocolate teapot.
#14
Re: Transferring money
So that's exactly the point of Lansbury and me, ..... if those rates are correct (I am assuming they are) then the rates at any bank are likely to be much worse, so reality is not at all "in line with any bank transfer".
Last edited by Pulaski; Mar 23rd 2015 at 7:05 pm.
#15
Re: Transferring money
an exchange rate in line with any bank transfer I had made through Chase / Wells Fargo.
I wasn't being sarcastic. My comment about refraining from posting on the subject judging on the standards you apply for what good was a serious one.