officerdibble777 Posted February 18, 2011 Report Share Posted February 18, 2011 Has anyone transfered money to a U.S. bank account ? I'm not talking about holiday spends,more like enough to buy a house.I can use a broker,"currency direct.co.uk"they have no fees or costs,but I have never used them before or transfered this much money before.Usually I got cash dollars from crown currency for any trips but they are no more,I was lucky last year and got my cash just before they failed,and don't want to risk this amount of my hard earned.Has anyone used currency direct or a has anyone used another way ? john Quote Link to comment Share on other sites More sharing options...
AlistairB Posted February 18, 2011 Report Share Posted February 18, 2011 I've done it using my regular bank before - i think it cost £25 at the time, but at least you have some come back on your bank should it go wrong - i did have to go to the branch to do it though. AB Quote Link to comment Share on other sites More sharing options...
twitchynik Posted February 18, 2011 Report Share Posted February 18, 2011 As above - done through my bank account at the local branch. Similar cost too, IIRC. Quote Link to comment Share on other sites More sharing options...
Canis Posted February 18, 2011 Report Share Posted February 18, 2011 Clearly you appear to be wanting to move a huge amount of money in one hit. I would recommend you get quotations from a number of places and dont forget to include speaking to your bank - For moving smaller amounts of money between the US & the UK (usually £500 to £1000 per month) we have found that paying an american cheque into a british account was the cheapest option available. I also found that when I was given some Iraqi Dinars a few months back, not only was Barclays the only non internet based organisation that where willing to buy them off me, but they gave me a better price than the Sheisters on the internet too. Would you let us kwnow what you find as the best deal ? Quote Link to comment Share on other sites More sharing options...
MJN Posted February 18, 2011 Report Share Posted February 18, 2011 Ask your bank to do a SWIFT (Society for Worldwide Interbank funcds transfer) payment, you need the SWIFT address of the receiving bank and the account number and name of the recipient account holder & their name of course. All very straight forward, I deal with $Trillions a day with my system, all very very secure, traceable and legal. The cost maybe £25 to £30 depending on who you bank with, plus a Cross Currency charge as you send £ and they recieve $ and there will be a cut made by the banks on the exchange rate. Regards Mike, (this is what I specialise in , big banks software and foreign payments) Quote Link to comment Share on other sites More sharing options...
charliebrown Posted February 18, 2011 Report Share Posted February 18, 2011 Ask your bank to do a SWIFT (Society for Worldwide Interbank funcds transfer) payment, you need the SWIFT address of the receiving bank and the account number and name of the recipient account holder & their name of course. All very straight forward, I deal with $Trillions a day with my system, all very very secure, traceable and legal. The cost maybe £25 to £30 depending on who you bank with, plus a Cross Currency charge as you send £ and they recieve $ and there will be a cut made by the banks on the exchange rate. Regards Mike, (this is what I specialise in , big banks software and foreign payments) Thats the way to do it. Lloyds TSB call it an international money mover form, and you have to do it at the counter. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.