US HOME SALE

Probably left this too late but I am dual US and UK Citizen, DH is US born.  Florida House in joint names, sale currently going thru,  closing very soon .  just realized we need advice on transferring large amount to UK; have US Currency account with big high street bank in UK and US bank how to obtain best rate for high 6 figures.  Please, any advice

I use:

https://wise.com/

You can transfer with them (very low rates), really good system. Many of us on UK-Yankee use Wise. They also have an international account, where you may hold multiple currencies, (virtual).

Please understand that Wise (formerly Transferwise) is not a bank, it is an e-money institution.

You can read more about it here:

https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account

My experience with Wise is excellent, I have my monthly US Social Security paid directly into my Wise account each month by the SSA (no charges) and I receive an electronic advice as a pop-up on my phone app as soon as funds are credited. An added benefit is that I can obtain a Wise Visa debit card allowing me to spend in US$ without having to be concerned with exchange rates - as long as I have US$ in the account. Transferring to my UK £ account is easy and instant and I can choose when I want to do this and can wait for an exchange rate that suits - no more paying HSBC £28 a pop and not knowing what rate I will receive!.