Transferring money from USA to UK

pmj1980

Hi all,

Advice would be much appreciated on the most cost-effective way of receiving money from somebody in the USA.

This is money that my future mother-in-law is sending me to help pay for my wedding, it'll be about $3.5k or something like that.

I'm sure there's a very simple way of doing this without having to pay huge fees or get a terrible exchange rate, but I'm fairly ignorant on these matters! Any help would be great, thanks.

Kara_P

I have recieved money from the USA via MoneyGram and Western Union but to be honest they are probably not the most secure if the money goes missing. I would do bank to bank, yes you have a fee but with that much money you have the safety that it doesn't go a miss.

I tranferred $2000 to the USA a couple of years ago and it was £25. Not terrible I thought.

Mikhail

try PayPal

COIAHLGW

I have used xoom.com before in the past. They now appear to be offering credit via Faster Payments to most accounts for a flat fee of $4.99 per transfer

However, check the current exchange rate against other sites also for comparison to see if it is competitive. xe.com is also another good site to check

benjus

http://www.fxcompared.com/Content/money-transfer-from-USA-UK-above-3000-amount-3500