Transferring Money from the UK to USA
Hi,
I have been using Revolut which has been doing a great job in transferring funds, at what I believe good rates and low fee's. Does anyone have any better alternatives ? Thanks, |
Re: Transferring Money from the UK to USA
Transferwise has always been my preferred option.
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Re: Transferring Money from the UK to USA
Originally Posted by Olly_
(Post 12711755)
Transferwise has always been my preferred option.
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Re: Transferring Money from the UK to USA
+1 Transferwise
also Worldfirst which I used for 10+ years, now transferwise is a better deal Is Revolut licensed to transfer to Texas? |
Re: Transferring Money from the UK to USA
Another vote for Transferwise. On Monday I transferred $5k from the US to my UK bank account and received £3,967 within a few hours.
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Re: Transferring Money from the UK to USA
Originally Posted by petitefrancaise
(Post 12711997)
+1 Transferwise
also Worldfirst which I used for 10+ years, now transferwise is a better deal Is Revolut licensed to transfer to Texas? |
Re: Transferring Money from the UK to USA
Another plus one for Transferwise.
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Re: Transferring Money from the UK to USA
My son is in the USAF stationed overseas and they recommend Transferwise for their new deployees |
Re: Transferring Money from the UK to USA
Those considering or using Revolut may be interested in this: https://www.slashgear.com/delete-rev...-guy-06586346/
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Re: Transferring Money from the UK to USA
Thanks too all of you who posted recommendations and observations, since I'm a former happy WorldFirst user [recommended by posters on this site and forum years ago]. They worked out well for me. If I recall, one of the fine posters of yesteryear that pointed me in that direction was lansbury who has also advised us they are no longer providing this service in the USA.
Then, just out of interest [not important since there seems to be at least one good alternative] and if anyone actually knows, why did FirstWorld's board decide to discontinue operations Stateside [but curiously not Canada, according to their online announcement]? Anyway, nice to be back here for the very occasional post. Twice people here helped me out with great advice [the other was a tax one] so big thanks to those who did, and to the BritishExpats site for existing. |
Re: Transferring Money from the UK to USA
Originally Posted by expatrobe
(Post 12720598)
Then, just out of interest [not important since there seems to be at least one good alternative] and if anyone actually knows, why did FirstWorld's board decide to discontinue operations Stateside [but curiously not Canada, according to their online announcement]? |
Re: Transferring Money from the UK to USA
It was to do with the planned takeover of a Chinese Financial Services Group: https://www.reuters.com/article/us-w...-idUSKCN1PQ3NL
The concern was that American regulators would block the deal over "security concerns". I assume that by ditching the American branch of WorldFirst US regulators would have no say. |
Re: Transferring Money from the UK to USA
Oh thanks MidAtlantic and durham_lad, very interesting re WorldFirst. It seems like well run companies in this business could make decent money so why exit unless there's a very strong reason, and the reuters article bears that out.
Hey, yesterday I came across OFX as an alternative to WorldFirst. According to Nerdwallet it's less middleman cost than most of the others, but it's rated just behind TransferWise overall, it seems mainly because OFX is less easy to navigate and more jargony than TW. But for larger amounts, one would think it makes more sense to use. Any thoughts, and has anyone had experience with OFX? |
Re: Transferring Money from the UK to USA
Originally Posted by expatrobe
(Post 12721138)
Oh thanks MidAtlantic and durham_lad, very interesting re WorldFirst. It seems like well run companies in this business could make decent money so why exit unless there's a very strong reason, and the reuters article bears that out.
Hey, yesterday I came across OFX as an alternative to WorldFirst. According to Nerdwallet it's less middleman cost than most of the others, but it's rated just behind TransferWise overall, it seems mainly because OFX is less easy to navigate and more jargony than TW. But for larger amounts, one would think it makes more sense to use. Any thoughts, and has anyone had experience with OFX? |
Re: Transferring Money from the UK to USA
Originally Posted by expatrobe
(Post 12721138)
Oh thanks MidAtlantic and durham_lad, very interesting re WorldFirst. It seems like well run companies in this business could make decent money so why exit unless there's a very strong reason, and the reuters article bears that out.
Hey, yesterday I came across OFX as an alternative to WorldFirst. According to Nerdwallet it's less middleman cost than most of the others, but it's rated just behind TransferWise overall, it seems mainly because OFX is less easy to navigate and more jargony than TW. But for larger amounts, one would think it makes more sense to use. Any thoughts, and has anyone had experience with OFX? https://transumo.com/transferwise-vs-ofx/ |
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