£ into $

kippax71

can anyone tell me what the best way to get pounds into dollars..

i have £5000 that i want to transfer from my bank to another one in the us and wondered which was the best way..?

ta

Jonbvn

MSE Martin already has a good article on this.

http://www.moneysavingexpert.com/banking/overseas-money-transfers

List of brokers:
http://www.find.co.uk/banking/commercial_foreign_exchange/?partner=wlnewmoneysavingexpert

I'm not sure if 5k is sufficient - suggest you do some research.

lolarentt

There is plenty of info on earlier threads on this subject. You want to use one of the specialist Foreign Exchange firms who will transfer money for you at rates approaching the business ER and mostly with no added charges. It's best to shop around to see what the best £/$ ER is when you want to transfer. I have used Rational FX with great service for a number of transactions this year (including money to buy a house in France) and they were great, personal contact, quick same day transfer. www.rationalfx.com Their minimum transfer is £5000.
There are many others e.g www.4xcc.com, www.xe.com/
Don't use the banks who will give you tourist type ER and add charges on top.