lozzd

Hey all!

Apologies if this is an often asked question; I had difficulty searching and found plenty of people sending money to the US, but not the other direction.

What is the lowest fee way of getting money from a US bank to a UK one? Not really fussed how long it takes. We're talking $5000-8000. Just need to cover some costs in the UK.
If it helps, I'll be back in the UK for a couple of weeks soon.

Pulaski

Direction makes little difference, except you're probably restricted to remitters registered to do business in the US. Xe.com works both ways. It might be possible to wire money to a remitter not registered in the US, but that defeats the object if you want to avoid the wire fee.

petitefrancaise

we've used worldfirst both into and out of USA.

You do need to have an account set up though, which can take a couple of weeks due to the security checks they have to make.

Richard92024

I just used TransferWise... excellent!

lozzd

Thanks all for the suggestions!

So for something like Transferwise, where they suggested I would pay a $71 fee, does that still end up better than just paying the $40 fee from my US bank and £20 in the UK? It sounds like just paying the fees are less but Transferwise also suggests the rate they have is better than banks, but the bank doesn't tell me the rate it would use for SWIFT. Does anything have any experience with that?

Richard92024

If you use this link, below, you get your first transfer up to $4500 for free (no fee). Then a small apportioned fee for anything over the $4500.

They're doing promotions to get the word out there... I just did my first transaction, got a better rate than I was expecting, and no fee. Cool! (Especially after years of paying ridiculously high bank fees and paypal fees).

I think this will work for you from the US to the UK



Good luck!

lozzd

Thanks very much! I used your link and it worked perfectly.
Signed up yesterday morning, went through all the checks, did the wire transfer, the money was in my UK bank that evening! Absolutely wonderful service, and an excellent rate too. Highly recommended.

Thanks all!

Disenchanted

Yes, I used them back in Dec 2014 to send cash ahead to a friend for my two kids that would be staying with him as their first stop.
Great service. I will be using them again to send money for the next time I go back home.

DottM

I use xoom.com and it it gets there within the hour with a $5 fee.

excpomea

I use this service once per month to send money back to the UK.
I like it, nice and simple plus they have an iphone app.

Jgalla5400

I used the above mention Xoom.com to send some money to the UK last week works well and was their almost imidiately.

Just to note though the $5 fee is only for transactions of $2999 or under

Sheepdip

https://www.currencyfair.com/blog/mo...el=ROGUE2#1407

sir_eccles

Seemingly comparing everyone to themselves except maybe all the major services frequently recommended in this forum?

Sheepdip

I use xe myself. Just saw this site/post on another forum