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Topic: Cheapest way to transfer funds  (Read 7261 times)

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Re: Cheapest way to transfer funds
« Reply #30 on: January 10, 2005, 01:47:55 PM »
I've been following this thread carefully, and like Melisma, I trying to work out which is the best way to transfer payments from US to UK.

I've got a paypal account both here in US and UK - as well as bank accounts.  What would be the 'best' way to transfer the funds - by that, I mean would it be best if I requested money from my UK paypal account to my US paypal account? OR just send the money from US paypal to UK paypal... confused  ???, lol.. join the club!!

It's only going to be for $100 at a time, and my bank will charge me about 6 to 7 pounds for this - and with the exchange from US to UK being very low, I'm not going to end up with a great deal as it is.... so please say, what would be the better of the two.

Thanks

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Re: Cheapest way to transfer funds
« Reply #31 on: January 10, 2005, 05:30:19 PM »
I've got a paypal account both here in US and UK - as well as bank accounts.  What would be the 'best' way to transfer the funds - by that, I mean would it be best if I requested money from my UK paypal account to my US paypal account? OR just send the money from US paypal to UK paypal... confused  ???, lol.. join the club!!
  The best way would be what would suit your needs.  I am not sure what you are asking....

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It's only going to be for $100 at a time, and my bank will charge me about 6 to 7 pounds for this - and with the exchange from US to UK being very low, I'm not going to end up with a great deal as it is.... so please say, what would be the better of the two.
  There shouldn't be a charge to your UK account if you are transferring money from your Paypal account to your UK bank as long as it's over £50.  (That information is posted on the Paypal website).

As far as the charge to fund your paypal account from your USA account - you would have to check the Paypal site to see if you will be charged, or check with your bank.

There are a lot of variables and I don't know what would suit you.
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Re: Cheapest way to transfer funds
« Reply #32 on: January 11, 2005, 12:26:05 PM »
I haven't read every single word of this thread, so forgive me if I missed something, but who has done an assessment on how competitive the exchange rate is that Paypal etc. offers? Reducing or eliminating charges is good, but it won't help you if they clobber you with an unfavorable rate of exchange. Also, many organizations try to trick people by calling themselves "commission free", and then they nail you with the worst FX rate you've ever seen, often 15% worse than the real market rate.
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Re: Cheapest way to transfer funds
« Reply #33 on: January 11, 2005, 07:01:04 PM »
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I haven't read every single word of this thread, so forgive me if I missed something, but who has done an assessment on how competitive the exchange rate is that Paypal etc. offers? R

see my last post in this thread, sunking


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Re: Cheapest way to transfer funds
« Reply #34 on: February 16, 2005, 09:43:36 AM »
Anyone have any knowledge of transferring money UK to US via Traveller's Cheques? Alex has one thousand six hundred dollars in UK-issued travellers cheques (in US dollars) which he's giving me.  I know he has to countersign them, but is there some way he indicates that he is giving them to me so that I can then deposit/cash them at my bank?  Anyone?
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