The Fastest Way to Send Money to the US From the UK Highly rated services include Wise, TransferGo and Azimo. Scored out of 10, this rates each service on factors such as trust and credibility, service and quality, fees and exchange rates, and customer satisfaction. You may also want to factor in the ‘Monito score’. This means all you’ll need to worry about is the cost and the speed of the transfer. If you’re concerned about security, you should note that all services shown on Monito are fully authorised money transfer operators that have been vetted against the highest standards of security and reputability even before appearing on our comparison engine. There’s no one-size-fits-all answer and it’s crucial that you shop around and compare your options carefully to find the option that best matches your requirements. The best way to send money to the US from the UK will ultimately depend on what’s more important to you, whether that’s speed, security or cost. What’s the Best Way To Transfer Money From the UK to the USA? We’ve taken a look at the cheapest options below: The advantage of cash pickup services is that the recipient can collect their money in cash from a physical location back home, so there’s no need for them to have a bank account. One other option you may want to consider when sending money from the UK to the US is a cash pickup.
Cash Pickup Transfers from the UK to India We recommend using it every time you want to send money to the US from the UK to ensure you always get the best possible deal, no matter how much or how little you send. You can compare your options with ease using our comparison service above. Plus, you’ll have the flexibility of sending money on the go via your mobile phone, tablet or laptop. As well as offering more competitive exchange rates, transfer fees will usually be lower. Switching to an online money transfer provider such as Wise, Azimo, Skrill, CurrencyFair, TransferGo or WorldRemit can result in quicker transfers and save you a considerable sum of money. Online Money Transfers From the UK to the US Secondly, banks are charged to use it, and they pass on these costs to the customer, making wire transfers expensive.įor this reason, it can be far better to use an online money transfer provider – see below. However, there are two main problems with this. Banks worldwide use this vast messaging network to exchange money with one another. Wire transfers take place over the SWIFT network. But while it may be convenient, it is also one of the most expensive options. You can do this by carrying out a wire transfer from your bank account in the UK to an account in the US. Bank Transfers From the UK to the USīank transfers are the traditional option for sending money from the UK to the US. To help you better understand your options, we explain more below. Fortunately, this is easy to do through Monito’s comparison tools, and we have many handy how-to articles to guide you through the process.Īs part of your comparison, you’ll want to consider the following: Shopping around and comparing your options is the best way to keep currency exchange fees as low as possible. If you’ve traded the Big Apple for the Big Smoke (or New York for London) and are now one of the estimated 197,000 US-born immigrants living in the UK, you’ll want to ensure you get the best deal if you’re sending money back home to family or friends.
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