Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Transferwise, XE or other?

Transferwise, XE or other?

Old Aug 7th 2020, 5:18 pm
  #1  
Sasstronaut
Thread Starter
 
livinginnyc's Avatar
 
Joined: Aug 2016
Location: Manhattan, NYC
Posts: 1,302
livinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond repute
Default Transferwise, XE or other?

Hi everyone

I've been thinking about finally ending FBAR commitments and transferring my UK based accounts to the USA.

Looking through the forums, online.etc it looks like XE.com and transferwise have been recommended in the past, do folks still rate these or are there better services out there? I'm less concerned about speed of transfers.etc moreso on admin fees and transfer rates.

TY!
livinginnyc is offline  
Old Aug 7th 2020, 6:02 pm
  #2  
Furby
 
Joined: Apr 2016
Location: Texas
Posts: 93
Glasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond reputeGlasgow Girl has a reputation beyond repute
Default Re: Transferwise, XE or other?

I've used both but in the past but now only use Transferwise. I’ve been very happy with their service although it does take a few days.

The spot exchange rate is still not good (nothing to do with Transferwise), but currently is as good as it has been in the recent past.

Last edited by Glasgow Girl; Aug 7th 2020 at 6:06 pm.
Glasgow Girl is offline  
Old Aug 7th 2020, 6:45 pm
  #3  
BE Forum Addict
 
Joined: Aug 2013
Location: Athens GA
Posts: 1,918
MidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond repute
Default Re: Transferwise, XE or other?

Originally Posted by Glasgow Girl View Post
I've used both but in the past but now only use Transferwise. I’ve been very happy with their service although it does take a few days.

The spot exchange rate is still not good (nothing to do with Transferwise), but currently is as good as it has been in the recent past.
Another vote for Transferwise, although it is not my experience that it takes several days. If I log the transaction during the morning EST I normally get the money in my US account the same day, or certainly the next. Much depends on how quickly the transfer of GBP to Transferwise takes place. I always use FPS.
MidAtlantic is offline  
Old Aug 7th 2020, 10:51 pm
  #4  
 
lansbury's Avatar
 
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,584
lansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond repute
Default Re: Transferwise, XE or other?

I use Transferwise. Just received my monthly transfer in under 12 hours.
lansbury is offline  
Old Aug 8th 2020, 2:21 am
  #5  
You aint seen me, right?
 
SpoogleDrummer's Avatar
 
Joined: Oct 2005
Location: US of A, TN
Posts: 2,836
SpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond reputeSpoogleDrummer has a reputation beyond repute
Default Re: Transferwise, XE or other?

I switched from XE to Transferwise last year as the rates seem better and for some reason XE have stopped me making transfers, no idea why but frankly it's not worth the hassle to fix.
SpoogleDrummer is offline  
Old Aug 8th 2020, 9:08 am
  #6  
Forum Regular
 
Joined: Apr 2019
Posts: 33
Southernboy123 is an unknown quantity at this point
Default Re: Transferwise, XE or other?

Another vote for TransferWise here......been sending back and forth for nearly 3 years and no problems at all.
Southernboy123 is offline  
Old Aug 8th 2020, 1:57 pm
  #7  
BE Forum Addict
 
tom169's Avatar
 
Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 4,150
tom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond reputetom169 has a reputation beyond repute
Default Re: Transferwise, XE or other?

Transferwise is good. Used it for years back and forth.
tom169 is offline  
Old Aug 8th 2020, 3:15 pm
  #8  
Sasstronaut
Thread Starter
 
livinginnyc's Avatar
 
Joined: Aug 2016
Location: Manhattan, NYC
Posts: 1,302
livinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond repute
Default Re: Transferwise, XE or other?

Thanks guys! Think i'll be setting up an account with them shortly!
livinginnyc is offline  
Old Aug 9th 2020, 4:14 am
  #9  
Forum Regular
 
Joined: Jul 2014
Location: Northern Atlanta area, GA
Posts: 215
cautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond reputecautiousjon has a reputation beyond repute
Default Re: Transferwise, XE or other?

Originally Posted by livinginnyc View Post
... I've been thinking about finally ending FBAR commitments and transferring my UK based accounts to the USA. ...
Have you got any UK pensions? If so, you'll likely still need to fill in FBAR every year...
cautiousjon is offline  
Old Aug 13th 2020, 8:49 pm
  #10  
Sasstronaut
Thread Starter
 
livinginnyc's Avatar
 
Joined: Aug 2016
Location: Manhattan, NYC
Posts: 1,302
livinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond reputelivinginnyc has a reputation beyond repute
Default Re: Transferwise, XE or other?

Originally Posted by cautiousjon View Post
Have you got any UK pensions? If so, you'll likely still need to fill in FBAR every year...
No I dont have pensions in the UK, but I do have multiple bank accounts - all reported via FBAR
livinginnyc is offline  
Old Aug 13th 2020, 9:56 pm
  #11  
MODERATOR
 
penguinsix's Avatar
 
Joined: Nov 2006
Location: Hong Kong, mostly.
Posts: 5,135
penguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond repute
Default Re: Transferwise, XE or other?

I would recommend keeping at least one account, even if there is just £500 or something in it (i.e. below the FBAR limits). Opening an account once you have left can be a real pain, and it's probably worth keeping at least one active.
penguinsix is offline  
Old Aug 14th 2020, 8:31 am
  #12  
Forum Regular
 
Joined: May 2018
Posts: 62
Beraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond reputeBeraider has a reputation beyond repute
Default Re: Transferwise, XE or other?

Originally Posted by penguinsix View Post
I would recommend keeping at least one account, even if there is just £500 or something in it (i.e. below the FBAR limits). Opening an account once you have left can be a real pain, and it's probably worth keeping at least one active.
+1
Beraider is offline  
Old Aug 14th 2020, 10:16 am
  #13  
BE Forum Addict
 
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 2,746
durham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond repute
Default Re: Transferwise, XE or other?

Originally Posted by penguinsix View Post
I would recommend keeping at least one account, even if there is just £500 or something in it (i.e. below the FBAR limits). Opening an account once you have left can be a real pain, and it's probably worth keeping at least one active.
+2
durham_lad is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.