How to get US Dollars into UK Bank Account

[Laura & Kyle 16]

We have some bills of Kyle's that are now coming due and we need to be able to pay them through Kyle's TSB account. We have a debit card to pull out money... can we deposit money the same way at an ATM? We are looking for the least expensive/fee based way possible.

Does anyone have any suggestions? We can't just pay out of our US bank account. The money HAS to come from his TSB Lloyds account. I hope someone has a suggestion or experience...

Laura

[broma25 2]

Are the bills to be paid in the UK or the US.

Cheque would be the easiest way.

[Laura & Kyle 16]

Are the bills to be paid in the UK or the US.

Cheque would be the easiest way.

They are to be paid in the UK in British pounds.

[Otto 83]

Wire transfer is the hassle free way - all methods have fees but we're not really talking huge sums of money are we? We (Karin and I) will do a wire transfer every now and then so we've got some in the German account (for incidentals).

[Laura & Kyle 16]

We will be putting in about $3500USD into the British account total. We will be depositing around $500-1000 dollars at a time.

[celticstar 2]

http://www.xe.com/

XE is a really easy way to transfer funds from the US to the UK

[jhphi 0]

I've had good luck using XETrade for converting USD to GBP-- very easy to do online.

[Laura & Kyle 16]

Thank you all for helping. I thought we had tied all the lose ends up over in Scotland. Nothing like surprises!! I'll give XE a spin and will come back if i have any other questions or feedback. Thanks!

[david'sgirl 134]

I've had good luck using XETrade for converting USD to GBP-- very easy to do online.

Are the fees from XETrade very high? We used my own bank to do transfers but got hit with a fee on his acct in UK and our acct here in US as well.

[Trompe le Monde 1,107]

they are very reasonable - I use xe to transfer money between US/UK accounts and have found it very easy to use with excellent customer service

[*julez* 124]

we use Forex and the fees are low, and often times no fee at all.

[elmcitymaven 9,711]

We've used InterchangeFX several times and have been very happy with their service. Customer service seemed to be exceptionally strong.

[broma25 2]

I just used Xoom. It was $4.99 for a wire and it was very straight forward and easy to use.

[Laura & Kyle 16]

There is some great information in this thread! (while i see a money from UK to US.. maybe there should be a money from US to UK page on the UK wiki too!) My husband and I went ahead with our first xetrade on Friday. We elected to go the EFT route where the money would be debited from our US account, and EFTed into his UK account. There were no "xetrade" fees with this method. I'm hoping there will not be any fees added from our US account nor his UK account. If we don't like the way this one worked, we'll look into some of the other options listed above.

If anyone else has good/bad reviews of transferring money, please be sure to add them here.

[RUSSandRACHEL 3]

We have sent money back and forth for the last 2 years and now especially with the wedding coming up, I make a payment to Russ' savings account every month. I looked into doing it with my bank direct, but they charge £25.00 fee per tranasction so instead we use PayPal. I can send him currency in either USD or GBP and vice versa and it automatically converts. Paypal only take about 3.4% in fees and is also much cheaper than Western Union who we used once. I would recommend you use PayPal, pay the money from your TSB account into his US account, then he withdraw the money to pay from there.