We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Moving money from US to UK
Altavious
Posts: 1 Newbie
Hi everyone, this is my first post on the forums and I've recently started getting serious about my finances, I was hoping some of you could spare a few moments to give me some advice.
All my funds are stored in the US currently and I need to start repayments on a UK student loan (2.65%) roughly $24k in value, I'm estimating the minimum payment as $233 a month.
I need to work out the best way to move money from the US to the UK without paying silly tourist exchange rates either monthly or in several lumps over the year.
I'm on an H1 visa in the US and I'm a UK citizen, so I can open bank accounts in both countries if necessary.
What do people think the best ways to set this up are? I can deposit money in a UK bank account to make payments (Royal Bank of Scotland), or pay by direct debit or credit card.
Any suggestions are greatly appreciated!
All my funds are stored in the US currently and I need to start repayments on a UK student loan (2.65%) roughly $24k in value, I'm estimating the minimum payment as $233 a month.
I need to work out the best way to move money from the US to the UK without paying silly tourist exchange rates either monthly or in several lumps over the year.
I'm on an H1 visa in the US and I'm a UK citizen, so I can open bank accounts in both countries if necessary.
What do people think the best ways to set this up are? I can deposit money in a UK bank account to make payments (Royal Bank of Scotland), or pay by direct debit or credit card.
Any suggestions are greatly appreciated!
0
This discussion has been closed.
Categories
- All Categories
- 347.1K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.7K Spending & Discounts
- 239.3K Work, Benefits & Business
- 615.2K Mortgages, Homes & Bills
- 175K Life & Family
- 252.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards