Hello
Guest

Sponsored Links


Topic: Transferring money to the UK  (Read 383 times)

0 Members and 1 Guest are viewing this topic.

  • *
  • Posts: 906

  • It's never too late to live happily ever after
  • Liked: 219
  • Joined: Aug 2018
  • Location: Texas
Transferring money to the UK
« on: December 18, 2018, 07:04:08 PM »
Hi everyone,  I need advise on transferring money to my husband. I called my bank and they can do it but it will cost about 50.00 dollars, does this seem about the right rate or is there anywhere cheaper that you all may know of
Thank you  ???
Found My Soulmate 12/2017
Engaged : 6/15/2018
Married : 10/28/2018
Priority Spouse Online App Submitted : 11/19/2018
Biometrics appointment : 11/23/2018
Docs sent to NY : 11/23/2018
Doc received in NY : 11/26/2018
Docs received in Sheffield email :12/21/2018
Email requesting proof of Priority Service : 1/26/2019
Email stating "technical issue which is delaying this application : 1/30/2019
Email requesting bank statements to be re-sent : 2/14/2019
2nd Email requesting bank statements: 3/4/19
Decision made email: 3/6/19
Visa : YESS 3/7/19 (70BD)


  • *
  • Posts: 2338

  • Liked: 609
  • Joined: Jan 2017
Re: Transferring money to the UK
« Reply #1 on: December 18, 2018, 07:05:35 PM »
Hi everyone,  I need advise on transferring money to my husband. I called my bank and they can do it but it will cost about 50.00 dollars, does this seem about the right rate or is there anywhere cheaper that you all may know of
Thank you  ???
Transferwise

Sent from my SM-G950F using Tapatalk



  • *
  • Posts: 906

  • It's never too late to live happily ever after
  • Liked: 219
  • Joined: Aug 2018
  • Location: Texas
Re: Transferring money to the UK
« Reply #2 on: December 18, 2018, 07:09:30 PM »
Transferwise

Sent from my SM-G950F using Tapatalk
thank you so much  ;)
Found My Soulmate 12/2017
Engaged : 6/15/2018
Married : 10/28/2018
Priority Spouse Online App Submitted : 11/19/2018
Biometrics appointment : 11/23/2018
Docs sent to NY : 11/23/2018
Doc received in NY : 11/26/2018
Docs received in Sheffield email :12/21/2018
Email requesting proof of Priority Service : 1/26/2019
Email stating "technical issue which is delaying this application : 1/30/2019
Email requesting bank statements to be re-sent : 2/14/2019
2nd Email requesting bank statements: 3/4/19
Decision made email: 3/6/19
Visa : YESS 3/7/19 (70BD)


  • *
  • Posts: 234

  • Liked: 43
  • Joined: Feb 2016
Re: Transferring money to the UK
« Reply #3 on: December 18, 2018, 07:21:36 PM »
Does he have a UK bank acct? Seems a little high. I transfer pounds into my US acct thru Bank of America and it's quite low.
Hi everyone,  I need advise on transferring money to my husband. I called my bank and they can do it but it will cost about 50.00 dollars, does this seem about the right rate or is there anywhere cheaper that you all may know of
Thank you  ???

Sent from my SAMSUNG-SM-G930A using Tapatalk



  • *
  • Posts: 906

  • It's never too late to live happily ever after
  • Liked: 219
  • Joined: Aug 2018
  • Location: Texas
Re: Transferring money to the UK
« Reply #4 on: December 18, 2018, 07:24:52 PM »
Does he have a UK bank acct? Seems a little high. I transfer pounds into my US acct thru Bank of America and it's quite low.
Sent from my SAMSUNG-SM-G930A using Tapatalk
He has a UK bank, I go through a Credit Union here in Texas, and yes it does seem high.. I did log into Transferwise and it will be under 3.00 dollars to transfer  :)
Found My Soulmate 12/2017
Engaged : 6/15/2018
Married : 10/28/2018
Priority Spouse Online App Submitted : 11/19/2018
Biometrics appointment : 11/23/2018
Docs sent to NY : 11/23/2018
Doc received in NY : 11/26/2018
Docs received in Sheffield email :12/21/2018
Email requesting proof of Priority Service : 1/26/2019
Email stating "technical issue which is delaying this application : 1/30/2019
Email requesting bank statements to be re-sent : 2/14/2019
2nd Email requesting bank statements: 3/4/19
Decision made email: 3/6/19
Visa : YESS 3/7/19 (70BD)


  • *
  • Posts: 14312

  • Liked: 4822
  • Joined: Sep 2010
Re: Transferring money to the UK
« Reply #5 on: December 18, 2018, 07:29:58 PM »
It's important not just to look at the fee but  also to take into consideration the rate that they are giving you. Do a like for like comparison and see how they stack up

But yes, for smallish amounts no-one here has been able to beat Transferwise. 
March 28th 2013-Moved to UK, husband on spouse visa.Oct 20th 2015-Applied by mail for FLR(M).Feb 1st 2016 FLR(M).March 7th 2018 ILR. YAY! March 21st NCS&JCAP appointment.


  • *
  • Posts: 14312

  • Liked: 4822
  • Joined: Sep 2010
Re: Transferring money to the UK
« Reply #6 on: December 18, 2018, 07:31:10 PM »
It's important not just to look at the fee but  also to take into consideration the rate that they are giving you. Do a like for like comparison and see how they stack up

But yes, for smallish amounts I've not seen anywhere else be able to beat Transferwise.
March 28th 2013-Moved to UK, husband on spouse visa.Oct 20th 2015-Applied by mail for FLR(M).Feb 1st 2016 FLR(M).March 7th 2018 ILR. YAY! March 21st NCS&JCAP appointment.


  • *
  • Posts: 906

  • It's never too late to live happily ever after
  • Liked: 219
  • Joined: Aug 2018
  • Location: Texas
Re: Transferring money to the UK
« Reply #7 on: December 18, 2018, 07:31:21 PM »
It's important not just to look at the fee but  also to take into consideration the rate that they are giving you. Do a like for like comparison and see how they stack up

But yes, for smallish amounts no-one here has been able to beat Transferwise.
Ok, I did look at the comparison rates and it seemed the highest out of the list available
Found My Soulmate 12/2017
Engaged : 6/15/2018
Married : 10/28/2018
Priority Spouse Online App Submitted : 11/19/2018
Biometrics appointment : 11/23/2018
Docs sent to NY : 11/23/2018
Doc received in NY : 11/26/2018
Docs received in Sheffield email :12/21/2018
Email requesting proof of Priority Service : 1/26/2019
Email stating "technical issue which is delaying this application : 1/30/2019
Email requesting bank statements to be re-sent : 2/14/2019
2nd Email requesting bank statements: 3/4/19
Decision made email: 3/6/19
Visa : YESS 3/7/19 (70BD)


  • *
  • Posts: 906

  • It's never too late to live happily ever after
  • Liked: 219
  • Joined: Aug 2018
  • Location: Texas
Re: Transferring money to the UK
« Reply #8 on: December 18, 2018, 07:52:23 PM »
It's important not just to look at the fee but  also to take into consideration the rate that they are giving you. Do a like for like comparison and see how they stack up

But yes, for smallish amounts no-one here has been able to beat Transferwise.
Yay...got it done.. took 6 seconds.. thank you for the help.  ;)
Found My Soulmate 12/2017
Engaged : 6/15/2018
Married : 10/28/2018
Priority Spouse Online App Submitted : 11/19/2018
Biometrics appointment : 11/23/2018
Docs sent to NY : 11/23/2018
Doc received in NY : 11/26/2018
Docs received in Sheffield email :12/21/2018
Email requesting proof of Priority Service : 1/26/2019
Email stating "technical issue which is delaying this application : 1/30/2019
Email requesting bank statements to be re-sent : 2/14/2019
2nd Email requesting bank statements: 3/4/19
Decision made email: 3/6/19
Visa : YESS 3/7/19 (70BD)


  • *
  • *
  • *
  • Posts: 23284

  • Liked: 2808
  • Joined: Jan 2007
Re: Transferring money to the UK
« Reply #9 on: December 18, 2018, 08:44:00 PM »
I started replying in the other thread, and didn't see this one. I know you've already done it, but I already wrote a reply, so I'm gonna post it here anyway :P.

Hi everyone,
I have a question about transferring money from the US to UK.. is it just as easy to call my bank and have them do a transfer? It will cost about 50.00 , does this seem about the normal rate  ??? Thank you

It's usually A LOT more expensive to do an international transfer through your bank than through a site like TransferQise.

TransferWise will probably only cost a fraction of the amount, depending on how much you transfer in one go. Plus, you can usually get better exchange rates with TransferWise as well.

As an example, if I want to transfer $100 to my US account from my UK account, it will cost me £80.23 in total (exchange rate of 1.26 plus a fee of £1.12). It will arrive in my US account in 1-2 business days.

But if I do it directly through my UK bank, arriving in 2-4 business days, it will cost me £111.46... with an exchange rate of 1.23 (£80.96), plus a bank handling fee of £22 and a foreign bank handling fee of £8.50. Or if I want it sent quickly (1-2 business days), it will cost me £119.46.


  • *
  • Posts: 906

  • It's never too late to live happily ever after
  • Liked: 219
  • Joined: Aug 2018
  • Location: Texas
Re: Transferring money to the UK
« Reply #10 on: December 18, 2018, 08:47:30 PM »
I started replying in the other thread, and didn't see this one. I know you've already done it, but I already wrote a reply, so I'm gonna post it here anyway :P.

It's usually A LOT more expensive to do an international transfer through your bank than through a site like TransferQise.

TransferWise will probably only cost a fraction of the amount, depending on how much you transfer in one go. Plus, you can usually get better exchange rates with TransferWise as well.

As an example, if I want to transfer $100 to my US account from my UK account, it will cost me £80.23 in total (exchange rate of 1.26 plus a fee of £1.12). It will arrive in my US account in 1-2 business days.

But if I do it directly through my UK bank, arriving in 2-4 business days, it will cost me £111.46... with an exchange rate of 1.23 (£80.96), plus a bank handling fee of £22 and a foreign bank handling fee of £8.50. Or if I want it sent quickly (1-2 business days), it will cost me £119.46.
It is just crazy how much it can cost... the chick at the credit union acted offended when I asked if there were any online sites may be cheaper  ::)  I wanna call her back and say "nanny nanny boo boo lady"  ;D
Found My Soulmate 12/2017
Engaged : 6/15/2018
Married : 10/28/2018
Priority Spouse Online App Submitted : 11/19/2018
Biometrics appointment : 11/23/2018
Docs sent to NY : 11/23/2018
Doc received in NY : 11/26/2018
Docs received in Sheffield email :12/21/2018
Email requesting proof of Priority Service : 1/26/2019
Email stating "technical issue which is delaying this application : 1/30/2019
Email requesting bank statements to be re-sent : 2/14/2019
2nd Email requesting bank statements: 3/4/19
Decision made email: 3/6/19
Visa : YESS 3/7/19 (70BD)


Sponsored Links





 

coloured_drab