Wee question about xe.com
I know a lot of other bods on here use xe, so hoping you can help.
Does anyone know how they set their trade limits? I've been using it for a few months to send money to the UK to cover the bills over there. I think when I opened the account they asked me what it was for, I stated to cover bills, and they gave me a smallish trade limit (under 10k). Now I'll (hopefully) be transferring a sizeable chunk of cash the other way (proceeds of a house sale). I've asked for a bigger trade limit and am awaiting their response. It didn't ask me why I wanted it. Anyone know if they will increase on demand, or is it after a certain time or what? Thanks |
Re: Wee question about xe.com
I did the same thing. If I remember correctly I ended up calling them to discuss and they increased it to £200k. It was pretty quick.
Good luck |
Re: Wee question about xe.com
its on demand (alkthough takes a day or two to administer if i remember correctly). ive had to get my limit increased once or twice when I had house sale proceeds coming through.
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Re: Wee question about xe.com
For a newbie, could you describe if XE is the best service with whom to send back money from the US (Citibank checking) to a UK bank (Lloyds current)?
Many thanks! |
Re: Wee question about xe.com
Originally Posted by GlastoElliot
(Post 8992366)
For a newbie, could you describe if XE is the best service with whom to send back money from the US (Citibank checking) to a UK bank (Lloyds current)?
Ian |
Re: Wee question about xe.com
Ooh! I like it.
Smallish sums ~$500 at a time. Looking for cheapest - without compromising safety. Many thanks! |
Re: Wee question about xe.com
My experience have used for small sums up to $2k. Anything higher I have used my bank for security.
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Re: Wee question about xe.com
Thanks - I emailed them and they want a ton of info and more documents, but it should be doable.
Out of interest, doers anyone have accounts with more than one currency exchange provider? I was looking on HiFx today and saw their incoming rates to the US seemed higher, which got me thinking that maybe I should have accounts with another couple of institutions. |
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