Transfer Money from UK Bank Account to US Bank Acc

d_short

Hello all,

I'm a US citizen living and working in the UK with US student loan debt. I'm attempting to make the monthly payments required by my US student loan operator but have run into a small issue.

The US student loan operator only accepts payments from a US bank account. So ideally I would like to take a portion of my salary from my UK bank account, exchange to dollars, and transfer them to my US bank account every month without paying huge fees.

My research has led me to consider using Paypal to pay a trusted person in the US, using TransferWise every month, or opening some kind of special account with an international bank.

Any help would be greatly appreciated. Thank you

eDicky

This is just a simple transfer of GBP from a UK account into USD to a US account, is it not? That's what TransferWise and the like are for, why would you need PayPal or an extra account elsewhere, or am I missing something..?

In fact if you sent the funds directly to the student loan operator using TransferWise, it would arrive as a domestic transfer from their US account. Using the correct reference to identify that it's coming from you, would that be acceptable?

heathrow

The Transferwise Borderless Account probably is the cheapest way to do this. 0.5% fx fee and it can send or receive to US accounts.