Transferring money from UK to US

[tinypyramids 0]

We're in the final stages of getting Sarah moved over here, as she now has her plane ticket booked! Exciting! Of course now we're in a bit of a panic stage as there's a few things we still need to figure out, the main one being how to transfer money from her Lloyds account to one that she opens stateside. It's not so much how to do it as how to do it cheaply, because I think Lloyd's charges 2% plus some flat fee to do the wire transfer, and I imagine some banks over here would charge additional fees on top of it. Obviously there's no way I'd want her carrying that much cash over the border, so that's out anyway. How have you all handled transferring money from the UK to the USA?

[Boiler 43,592]

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[Lioncub4 4]

We're in the final stages of getting Sarah moved over here, as she now has her plane ticket booked! Exciting! Of course now we're in a bit of a panic stage as there's a few things we still need to figure out, the main one being how to transfer money from her Lloyds account to one that she opens stateside. It's not so much how to do it as how to do it cheaply, because I think Lloyd's charges 2% plus some flat fee to do the wire transfer, and I imagine some banks over here would charge additional fees on top of it. Obviously there's no way I'd want her carrying that much cash over the border, so that's out anyway. How have you all handled transferring money from the UK to the USA?

I have yet to do this, but I will be using a currency exchange company called UKForEx - http://www.ukforex.com/

Once you have the US account set up - you can transfer from UK account to their account. They then transfer to the US account the same day. The exchange rate is much higher than a high street bank would offer (about $0.01 below quoted exchange rate). There is a fee for doing this (but this is waived for the first transaction).

Hope this helps.

[Leenie 15]

We're in the final stages of getting Sarah moved over here, as she now has her plane ticket booked! Exciting! Of course now we're in a bit of a panic stage as there's a few things we still need to figure out, the main one being how to transfer money from her Lloyds account to one that she opens stateside. It's not so much how to do it as how to do it cheaply, because I think Lloyd's charges 2% plus some flat fee to do the wire transfer, and I imagine some banks over here would charge additional fees on top of it. Obviously there's no way I'd want her carrying that much cash over the border, so that's out anyway. How have you all handled transferring money from the UK to the USA?

I have yet to do this, but I will be using a currency exchange company called UKForEx - http://www.ukforex.com/

Once you have the US account set up - you can transfer from UK account to their account. They then transfer to the US account the same day. The exchange rate is much higher than a high street bank would offer (about $0.01 below quoted exchange rate). There is a fee for doing this (but this is waived for the first transaction).

Hope this helps.

That sounds like a really good deal. Thanks for posting such a helpful link!! We are going to look into this.