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Transferring Money from US to UK

Transferring Money from US to UK

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Old Jan 2nd 2020, 6:44 pm
  #1  
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Default Transferring Money from US to UK

Hello all,

Any recommendations on banks or credit unions with lower international transfer rates? Or any other method to do this except for TransferWise? Sadly, the state I’m living in doesn’t allow a borderless account with TransferWise so am having to seek out other options to transfer money from the US to the U.K. in order to pay my student loan from my U.K. bank account etc.

Many thanks for your advice in advance!
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Old Jan 2nd 2020, 7:15 pm
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Default Re: Transferring Money from US to UK

Originally Posted by vivid291
Hello all,

Any recommendations on banks or credit unions with lower international transfer rates? Or any other method to do this except for TransferWise? Sadly, the state I’m living in doesn’t allow a borderless account with TransferWise so am having to seek out other options to transfer money from the US to the U.K. in order to pay my student loan from my U.K. bank account etc.

Many thanks for your advice in advance!
You don't need the Transferwise Borderless Account just to do transfers.

For other options see here: https://www.mycurrencytransfer.com/m...o-USA/1000-GBP
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Old Jan 2nd 2020, 9:01 pm
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Default Re: Transferring Money from US to UK

Just do a regular transferwise from bank to bank.
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Old Jan 2nd 2020, 10:35 pm
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Default Re: Transferring Money from US to UK

As above, just do bank to bank.

That said: I've heard others state that Student Loans Company will let you pay via US credit card (make sure you use a no-foreign exchange fee card) for those living abroad.

Personally, I'll just continue to "pay" the 1% interest on the loan indefinitely. I've more important things to finance in my life than a loan in which the interest rate is LOWER than my savings account..
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