Hi all I'm interested in peoples experience in transferring money
Last summer my Wife did an electronic transfer of money (quiet a few thousand dollars) to her new UK account from her American Account
On receiving the money over here it was not as much as we expected, based on the bank (not sure which one, probably UK one) using a lower exchange rate and I'm guessing some chargers as well.
She is looking at doing similar again sometime in future and I notice that there are trading companies that supposedly give you better rates, and they are regulated and insured. Example Currencies Direct.
Has anyone used these type of companies as a broker rather than going direct bank to bank?
Thanks in advance