Transferring Money from the UK to USA
#1
Just Joined

Thread Starter
Joined: Feb 2019
Posts: 20


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,
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,

#2
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Joined: Feb 2015
Location: New Jersey, USA
Posts: 541












Transferwise has always been my preferred option.

#4

+1 Transferwise
also Worldfirst which I used for 10+ years, now transferwise is a better deal
Is Revolut licensed to transfer to Texas?
also Worldfirst which I used for 10+ years, now transferwise is a better deal
Is Revolut licensed to transfer to Texas?

#5
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Joined: Aug 2013
Location: Eee Bah Gum
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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.

#7
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Joined: Apr 2019
Location: Memphis TN
Posts: 36









Another plus one for Transferwise.

#8
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Joined: Nov 2007
Posts: 905












My son is in the USAF stationed overseas and they recommend Transferwise for their new deployees

#9
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Joined: Aug 2013
Location: Athens GA
Posts: 2,086












Those considering or using Revolut may be interested in this: https://www.slashgear.com/delete-rev...-guy-06586346/

#10

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.
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.
Last edited by expatrobe; Aug 8th 2019 at 9:10 pm.

#11
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I would guess that it had to do with FATCA and they didn't want to go through the expense of being in compliance while having USCs as customers. It is easier and cheaper to come into compliance simply by changing their policy to having no USCs. I used to be a customer with HiFx for my UK/US money exchanges until they sent me an email one day saying they no longer supported US residents.

#12
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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.
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.

#13

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?
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?
Last edited by expatrobe; Aug 10th 2019 at 12:32 am. Reason: system auto-populated my previous post

#14

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?
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?

#15
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Joined: Aug 2013
Location: Eee Bah Gum
Posts: 3,646












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?
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/
