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Wire money from UK

Wire money from UK

Old Mar 23rd 2007, 11:48 pm
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Default Wire money from UK

How long does it take usually in transit between UK and US?
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Old Mar 24th 2007, 12:19 am
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Default Re: Wire money from UK

Originally Posted by TouristTrap View Post
How long does it take usually in transit between UK and US?
A couple of days or so with XE Trade.

Though you have to set up the account beforehand, of course. Though even that didn't take more than a few days, if memory serves me right.
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Old Mar 24th 2007, 12:29 am
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Default Re: Wire money from UK

Originally Posted by TouristTrap View Post
How long does it take usually in transit between UK and US?
I do it through my bank...takes a couple of days.
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Old Mar 24th 2007, 2:53 am
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Default Re: Wire money from UK

Originally Posted by TouristTrap View Post
How long does it take usually in transit between UK and US?
XEtrade gets the money here in about 2 buisness days from initiating the transaction. Never had a problem myself.

My Uk Building Society has no online banking, so for me the total time is about 4 days including Fedexing the passbook over.
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Old Mar 24th 2007, 3:55 am
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Default Re: Wire money from UK

My Dad sends a paper letter to his bank with the details on it of what he wants done. Then I get a paper letter from my bank about a week after the transfer is complete. Always get a damned good exchange rate.

From when my Dad's bank receives the paper letter, it takes 2 banking days. Any more and we both complain like there's no tomorrow and get a discount.
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Old Mar 24th 2007, 1:22 pm
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Default Re: Wire money from UK

couple days...
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Old Mar 24th 2007, 1:47 pm
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Default Re: Wire money from UK

Originally Posted by Elvira View Post
A couple of days or so with XE Trade.

Though you have to set up the account beforehand, of course. Though even that didn't take more than a few days, if memory serves me right.
Is there a minimum amount that you would do through XEtrade? $100? $500?
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Old Mar 24th 2007, 3:18 pm
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Default Re: Wire money from UK

Originally Posted by TouristTrap View Post
How long does it take usually in transit between UK and US?
Western Union is about 1 hour.
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Old Mar 24th 2007, 3:41 pm
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Default Re: Wire money from UK

Originally Posted by admaust View Post
Is there a minimum amount that you would do through XEtrade? $100? $500?
I don't think so, but as you'd still have to pay the wire free to your bank, it's probably not worth it.

But why not check out their website and then give them a call? They are very helpful!
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Old Mar 24th 2007, 3:41 pm
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Default Re: Wire money from UK

Originally Posted by Tracym View Post
Western Union is about 1 hour.
Are you serious? They take about 6% !!
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Old Mar 24th 2007, 3:44 pm
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Default Re: Wire money from UK

Originally Posted by Elvira View Post
Are you serious? They take about 6% !!
Bank wire fees aren't always cheap either. It depends how much money it is and how much of a hurry you are in, if it is worth it to you.
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Old Mar 24th 2007, 4:15 pm
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Default Re: Wire money from UK

One thing I was able to 'negotiate' with my bank (Citibank Private Bank) was unlimited wire transfers for no fee. In talking with them I laid out the fact that I never knew from month to month a) where I would be and b) where my money would be coming from. After talking over and over about the different ways to do it, they finally just threw up there hands and said "how about free wire transfers?" Done/Sold!

It has worked out quite well, especially since even if you have the 'same bank' in another country it isn't always the 'same bank' (i.e. Citibank US v. Citibank UK v. Citibank HK).

Might be something worth discussing with your bank.
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