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Just moved to London from US - Need to Transfer Money

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Joined: 04 Aug 2016
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Just moved to London from US - Need to Transfer Money [#permalink]

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New post 04 Aug 2016, 08:17
Hey guys,

I just moved to the UK and I wanted to know the easiest way to transfer money from back home. I know that it is possible through my bank but I feel like I'm getting ripped off with the fees. Does anyone know of a good way to transfer dollars to pounds?

Thanks!

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Joined: 20 Feb 2012
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WE: Consulting (Consulting)
Just moved to London from US - Need to Transfer Money [#permalink]

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New post 04 Aug 2016, 08:38
Most of my international classmates used peer-to-peer money transfer services, charging way less than banks. Just google and you can find a lot: transferwise, nzforex, tranzfers, etc.

For small amounts (up to 100$) tranzfers is claimed to be the cheapest. For transfers of hundreds or thousands of USD - transferwise and nzforex are claimed to be more appropriate (you may select the service providing better fx rate, but the difference would be marginal).

I used transferwise to transfer USD to EUR and received my money in 2 days - quite convenient and much cheaper than through banks.

Tip: almost all these services use referral programs to get new users, so get a referral code from your friends to receive a discount for your initial transfer (and bring similar benefit to them as well). Or PM me if you wish to use mine for transferwise.

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Just moved to London from US - Need to Transfer Money [#permalink]

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New post 04 Aug 2016, 09:20
htetzz wrote:
Most of my international classmates used peer-to-peer money transfer services, charging way less than banks. Just google and you can find a lot: transferwise, nzforex, tranzfers, etc.

For small amounts (up to 100$) tranzfers is claimed to be the cheapest. For transfers of hundreds or thousands of USD - transferwise and nzforex are claimed to be more appropriate (you may select the service providing better fx rate, but the difference would be marginal).

I used transferwise to transfer USD to EUR and received my money in 2 days - quite convenient and much cheaper than through banks.

Tip: almost all these services use referral programs to get new users, so get a referral code from your friends to receive a discount for your initial transfer (and bring similar benefit to them as well). Or PM me if you wish to use mine for transferwise.


Transferwise isn't bad but as an LBS student that moved here a year ago, I'd highly recommend Circle - http://www.circle.com. It's an app I came across several months ago and is faster than Transferwise with absolutely no fees.

You usually get your money the next day and at the mid-market rate (no fees unlike Transferwise). Also, its really cool because you can use it to instantly send money to friends and contacts. We use it here when traveling in groups or if I simply owe a friend some money for a beer.

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Re: Just moved to London from US - Need to Transfer Money [#permalink]

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New post 04 Aug 2016, 14:06
mba17 wrote:
htetzz wrote:
Most of my international classmates used peer-to-peer money transfer services, charging way less than banks. Just google and you can find a lot: transferwise, nzforex, tranzfers, etc.

For small amounts (up to 100$) tranzfers is claimed to be the cheapest. For transfers of hundreds or thousands of USD - transferwise and nzforex are claimed to be more appropriate (you may select the service providing better fx rate, but the difference would be marginal).

I used transferwise to transfer USD to EUR and received my money in 2 days - quite convenient and much cheaper than through banks.

Tip: almost all these services use referral programs to get new users, so get a referral code from your friends to receive a discount for your initial transfer (and bring similar benefit to them as well). Or PM me if you wish to use mine for transferwise.


Transferwise isn't bad but as an LBS student that moved here a year ago, I'd highly recommend Circle - http://www.circle.com. It's an app I came across several months ago and is faster than Transferwise with absolutely no fees.

You usually get your money the next day and at the mid-market rate (no fees unlike Transferwise). Also, its really cool because you can use it to instantly send money to friends and contacts. We use it here when traveling in groups or if I simply owe a friend some money for a beer.


For me Transferwise is the best option: easy, cheap, reliable and quick. Go on the website check their rates. With this link u can get a free transfer up to 500 pounds: https://transferwise.com/u/4bd37c
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Co-Founder at GIY Now
http://www.giynow.com

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Re: Just moved to London from US - Need to Transfer Money [#permalink]

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New post 07 Sep 2016, 13:25
A lot of people, including myself, used Transferwise.
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Re: Just moved to London from US - Need to Transfer Money   [#permalink] 07 Sep 2016, 13:25
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