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Moving money from UK to US when migrating

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I was wondering how you guys move money from UK to US when you migrate there. I used bank transfer a few times but the exchange rate I got was really bad, and there were other charges at both ends. Is there any other recommended service? How much can we move in one go?

Thanks!


12 May 2014: Mailed 129F packet to Dallas lockbox

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23 Sep 2014: Case sent to NVC

30 Sep 2014: NVC received + case number generated

06 Oct 2014: Left NVC

08 Oct 2014: Medical exam

09 Oct 2014: Case reached embassy in London

09 Oct 2014: DS-160 and Applicant Readiness form submitted

21 Oct 2014: Interview letter received

29 Oct 2014: Interview --> Approved!

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I use Transferwise and I am very happy with the service. The rates are good and they make a direct deposit so my bank doesn't charge me for a wire transfer.

When I sold my house and had a large amount to transfer I used a specialist currency broker. There are plenty out there. I used TorFX.


01/27/2011 - Trevor's N400 submitted
02/18/2011 - Married
04/02/2011 - NOA1 hard copy received - priority date 03/30/2011
07/08/2011 - Trevor is now a USC - called USCIS to request upgrade of the petition.
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If you use the advanced search function you can find loads of previous threads about this. I used HiFx, got a much better rate than my bank offered.


My blog about my visa journey and adjusting to my new life in the US http://albiontoamerica.wordpress.com/

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Thank you. I used Transferwise in the past and they were great. But I only sent small amount of money. I didn't think they were for substantial amounts. I will look into TorFX and HiFx.

Cheers!


12 May 2014: Mailed 129F packet to Dallas lockbox

21 May 2014: NOA1 from TSC

18 Sep 2014: NOA2

23 Sep 2014: Case sent to NVC

30 Sep 2014: NVC received + case number generated

06 Oct 2014: Left NVC

08 Oct 2014: Medical exam

09 Oct 2014: Case reached embassy in London

09 Oct 2014: DS-160 and Applicant Readiness form submitted

21 Oct 2014: Interview letter received

29 Oct 2014: Interview --> Approved!

07 Nov 2014: Visa in hand

08 Nov 2014: LHR --> BOS [Finally!!]

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I have used (and continue to use) Transferwise for smaller amounts,. but to transfer the proceeds of my UK house sale i also used a specialist broker - in this case, World First. i tracked the rates for a couple of months and put in an order to buy US dollars when it reached the rate I wanted - i did really well out of it. Their rates were not quite as high as Transferwise but there was no commission on top so it still worked out cheaper. (Transferwise commission on the amount I wanted to transfer was a 4 figure sum)

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Anyone apart from your UK bank. I use XE Trade but there are many others out there. Get the account sorted sooner rather than later as you have to jump through a few ID hoops due to the money laundering regs.


Richard

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I have used (and continue to use) Transferwise for smaller amounts,. but to transfer the proceeds of my UK house sale i also used a specialist broker - in this case, World First. i tracked the rates for a couple of months and put in an order to buy US dollars when it reached the rate I wanted - i did really well out of it. Their rates were not quite as high as Transferwise but there was no commission on top so it still worked out cheaper. (Transferwise commission on the amount I wanted to transfer was a 4 figure sum)

Transferwise have removed their small limits now. I haven't used them myself, though.

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