Transferring Money

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

I use Transferwise regularly. They're great, I highly recommend them.   

https://transferwise.com/

I've used Transferwise a few times now and am very happy with it. So far I've only used it to send fairly small amounts of money (up to a few hundred pounds) from my UK account to a couple of European countries.


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Thanks both of you I'll take a look

Another vote for Transferwise and I will add that when you set up a transfer it will tell you exactly the amount that you will receive in your UK bank account, and that is what you will get. No surprises, at least that is my experience after many transfers using TransferWise (XE.com always tells you exactly what you will receive before you click "Submit")