Transferring money from UK to US
Anyone give me some ideas? XE are being ridiculous. I've already paid for a notary to fill out the required form that xe sent me, but because the notary hasn't put her address or phone number down, which xe wanted, they aren't accepting the form. I think, as I saved the 12k over the year before I moved out through overtime, they want a year of bank statements. This is flipping ridiculous. So are there any easier ways to transfer money over, or am I gonna have to spend the next 6 months drawing 500 dollars a day from the cash points.
|
Re: Transferring money from UK to US
Originally Posted by markonline1
(Post 10747660)
Anyone give me some ideas? XE are being ridiculous. I've already paid for a notary to fill out the required form that xe sent me, but because the notary hasn't put her address or phone number down, which xe wanted, they aren't accepting the form. I think, as I saved the 12k over the year before I moved out through overtime, they want a year of bank statements. This is flipping ridiculous. So are there any easier ways to transfer money over, or am I gonna have to spend the next 6 months drawing 500 dollars a day from the cash points.
|
Re: Transferring money from UK to US
The penalties in the US are very severe for money laundering. HSBC got nailed, and so did Standard and Chartered. Regulators are now moving to enforce criminal penalties against bank executives individually so don't be surprised if you have to fill out quite a few forms.
If you have the cash, you could consider an HSBC Premier account in the US and the UK. You can then move money between the accounts electronically, though the rate might not be as good as xe.com or another forex broker. |
Re: Transferring money from UK to US
Originally Posted by penguinsix
(Post 10747723)
The penalties in the US are very severe for money laundering. HSBC got nailed, and so did Standard and Chartered. Regulators are now moving to enforce criminal penalties against bank executives individually so don't be surprised if you have to fill out quite a few forms.
If you have the cash, you could consider an HSBC Premier account in the US and the UK. You can then move money between the accounts electronically, though the rate might not be as good as xe.com or another forex broker. |
Re: Transferring money from UK to US
I've been dealing with Worldfirst the past few weeks and have been more than happy with their service. Spoke with them directly in the US, easy online set up just had to provide passport details and SSN.
|
Re: Transferring money from UK to US
I can transfer money via Barclays my bank in the UK but the rate is pants. It works out to $600 more using them than XE. I would imagine HSBC would be about the same, although thanks for the info. I will look into worldfirst though, cheers.
|
Re: Transferring money from UK to US
If you have a bank account in UK and one in the US. Try www.hifx.co.uk, better exchange rates and very fast.
I have transferred a good amount in the past year and will use them again. |
Re: Transferring money from UK to US
Originally Posted by notonuksoil
(Post 10747777)
I've been dealing with Worldfirst the past few weeks and have been more than happy with their service. Spoke with them directly in the US, easy online set up just had to provide passport details and SSN.
|
Re: Transferring money from UK to US
Well, after a couple of recommendations here, I've opened an account with worldfirst. XE wanted to know the ins and outs of a cows posterior, world first far simpler. Thanks again to everyone that replied for their help.
|
Re: Transferring money from UK to US
I'd shop around / evaluate a couple of foreign exchange specialists that are authorised by the FCA (formely FSA). They'll be able to save you up to 4% on the exchange rate compared to the bank. Worth seeing which one offers the best services and rates for your currency requirements.
|
Re: Transferring money from UK to US
I recently did 3 transfers for tens of thousands of Dollars via UKForex. My current account in the UK is with Barclays and they quoted circa $1.43 to the pound, UK Forex quoted $1.55. It was easy to open an account with UK Forex, once opened you can get an immediate live quote, commit to it and then do an online transfer via internet banking. Once they have the GBP they will immediately send to a nominated US Bank Account. In my case I have a Wells Fargo account and it arrived the same day.
|
Re: Transferring money from UK to US
Convert your dollars into bullion gold
Smuggle it through customs (dodgy - they might confiscate if they find it or just charge you the tax) or wear it as jewelry (avoid import tax). Convert gold to pounds. Go down the pub. |
Re: Transferring money from UK to US
Originally Posted by markonline1
(Post 10747660)
Anyone give me some ideas? XE are being ridiculous. I've already paid for a notary to fill out the required form that xe sent me, but because the notary hasn't put her address or phone number down, which xe wanted, they aren't accepting the form. I think, as I saved the 12k over the year before I moved out through overtime, they want a year of bank statements. This is flipping ridiculous. So are there any easier ways to transfer money over, or am I gonna have to spend the next 6 months drawing 500 dollars a day from the cash points.
|
Re: Transferring money from UK to US
I've got a world first account that I'm now using. Cheers ;)
|
Re: Transferring money from UK to US
Had good experiences with CurrencyFair.com
|
All times are GMT. The time now is 1:43 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.