Best Method to Transfer US $60k into UK Bank Account?

scoot65

My wife and I are currently in the US due to death of a close family member. 

My wife is a beneficiary of a life insurance policy and it looks like she will receive approx $60k.

What would be the best / most efficient method of transferring this amount of dollars into a UK Lloyds bank account?

Should she be requesting the money be transferred via IBAN  / BIC I to the UK bank account ?

Many thanks.

MyRealNameToo

Sending and receiving have similar considerations so in the first instance see https://www.moneysavingexpert.com/banking/foreign-currency-exchange/ 

Assuming it's an insurer that is sending the money rather than your wife having a US bank account then it may limit the options. It's likely your bank will charge you a fee via the FX rate they apply so compare that with the option of having a pseudo US account via Wise and using that to transfer to the UK

Note Wise isnt a bank and so there is no FSCS protections in the unlikely event of it going bust mid transfer.