Exchange large amount of US Dollars to GBP

valueman1

Looking to exchange over $100,000 to £, which currency exchange offers the best rates?

eskbanker

https://www.moneysavingexpert.com/banking/foreign-currency-exchange/#larger
https://www.monito.com/

eDicky

Cash or bank? Where?

NoodleDoodleMan

eDicky said:

Cash or bank? Where?

Over $100K in readies ?

Wouldn't that raise some questions by the receiving financial institution ?

eDicky

NoodleDoodleMan said:

eDicky said:

Cash or bank? Where?

Over $100K in readies ?

Wouldn't that raise some questions by the receiving financial institution ?

Use of the term 'currency exchange' often refers to exchange of cash, hence my question. But OP seems satisfied with eskbanker's reply so I guess it's a banking scenario.

NoodleDoodleMan

Maybe I misread/misunderstood the type of transaction envisaged - just assumed the presentation of $100,000 + in currency would be an issue ?

brianposter

Transferwise, or Interactive Brokers if you are prepared to put in the time to understand a difficult-to-use website.

valueman1

brianposter said:

Transferwise, or Interactive Brokers if you are prepared to put in the time to understand a difficult-to-use website.

I will get some quotes, and see which service offers the best rates. Thanks.

valueman1

For others that read this, I shopped around and the best rate was with xendpay. 

France17

Unfortunately it seems Xendpay are in trouble, as a customer they have sent me an email saying they are no longer accepting funds and can't return any either!

valueman1

France17 said:

Unfortunately it seems Xendpay are in trouble, as a customer they have sent me an email saying they are no longer accepting funds and can't return any either!

I am owed money by them. They are not covered by the financial compensation scheme…