XE Transfers

I think someone mentioned using XE to transfer money to their US account on here before.  Now that I've started working and have income, I need to transfer some money over to my US bank account to pay student loans.  I have my US account with Wells Fargo and my UK account with HSBC, do I just need to get my IBAN numbers, sort codes, etc?  Also the site asks for 2 types of id, can I scan like my passport and driver's licence?  I also have a resident's card...Just wondering how easy this is to do as I need to get money over to the states this month.  Thanks!

I used XE Trade for the first time last week because I just found out that my US bank will start charging me $3 a month if I don't have a minimum balance of $250, so I had to transfer enough money over there to meet the minimum.

It was fairly straightforward... I used my passport for the first ID, but it wouldn't let me use my driver's licence for the second one... I had to chose a different form of ID. It gives you different options for each ID: the first one I could chose my passport or driver's licence and for the second one, I can't remember all the options, but one of them was a utility bill I think (the 'sign up' section of the site is down for maintenance at the moment, so I can't check it).

You just have to enter all the details of the ID on the online form and then submit your application. Then, if they need further evidence of your ID, they will call or email you to ask for it. I just had to email them to confirm the reason for transferring my money and that was it, the account was approved within a few hours .

I filled out the account application last Sunday, they emailed me on Monday morning and the account was approved on Monday afternoon. Then I arranged for a wire transfer on Monday evening and the money was in my US account by the end of Tuesday .

I did have to pay a fee of £12.50 for the wire transfer (whereas EFT and Draft transfers are free), but that's because I needed to get the money into my US account within 48 hours (by Wednesday) and I didn't have time to wait for an EFT/Draft transfer to go through.

I use XE all the time (once a month) and they are brilliant.  I set it up so long ago that I don't recall how to do it, but once it's set up, it's easy.  And it gets transferred very quickly (usually even not using wiring on both sides it arrives w/in 3 days).

I sent in my scanned passport and credit card statement the other day, just waiting to get verified now.  Do I have to notify either of my banks of anything when I start transferring?

I use XE as well and haven't had any problems. I normally bring my dollars over to convert to pounds but the opposite way is possible too. Yes you do need the IBANN number for your UK account. It should be on your statement. I don't think US accounts have them. I was just asked for the info on my checking account (I think it has to be a checking account?).

Do I have to notify either of my banks of anything when I start transferring?

I started up XE Trade while still in the US.  I didn't have to notify my bank.  I've been using them for over a year now and transferred money from the UK to US and US to UK.  I've not had any problems. 

Oh, I did end up transferring money, it was so quick!  I did an electronic transfer and the money was in my US account by the next day.  Really happy with it!

I've tried PayPal and XE and am quite happy with XE. PayPal charged more for me to do the transfer, and the money arrived slower.