Transfer money from UK to US
Transferring money from the UK to the US is faster, cheaper, and easier than ever. There are almost as many options for making a wire transfer today as there are reasons for doing it. Whether you want to send money to a friend or family member living in the US, make a real estate purchase, pay college tuition for a child studying in the states, or make a payment to a vendor or business located in the US, you have many options to transfer money from UK to US.
A money transfer service provider is a company that offers money transfer services online or by phone. These companies can provide you the best way to transfer money abroad, whether you choose a more traditional method such as a phone call to one of their brokers, or if you prefer to conduct your transaction from the comfort of your home by using their website transaction form. Either way, a money transfer service can make the process simple and easy.
The best way to find a money transfer service that matches your needs is by using an online money transfer comparison site. These sites research brokers and their services. For example, if you are looking for the best broker based on how other customers have rated them, you can compare forex brokers through one of these sites. You can also compare fx rates and find the cheapest international money transfer. Using a money transfer comparison site is easy. Just enter basic information about your wire transfer such as where you are sending your money and how much you want to send, and the system will return a list of brokers that provide services to that country, along with the currency exchange conversion rate, fees charged by the broker, the broker’s rating, and any other services the broker could provide. Some of these additional services might include having access to a local language resource, providing local real estate purchase services, or providing futures contracts or hedging options for businesses.
To transfer money from UK to US can be very easy. Money transfer service providers can often offer a faster and cheaper option for transferring money than a bank. Many offer small- or no-fee options, and a better exchange rate than you’d find through a more traditional service. Your transfer may also arrive faster than it would if sent through a bank, especially if you choose to make an online transfer, which will normally take three business days to arrive in your recipient’s account in the US. A bank could delay sending your transfer until the following business day due to daily cut-off times or if a transfer is initiated on a weekend or a public/bank holiday. Keep in mind that when researching international money transfer providers it is important to choose one that follows UK-mandated regulatory policies and procedures. These policies come from the Financial Conduct Authority (FCA), which regulates all money transfer firms that trade at least £2.4 million a month. These firms are designated as ‘authorized’ and are required to follow rules that help to protect your money in the event the firm goes bankrupt. If you choose a firm that is not authorized, you run the risk of losing your money if something goes wrong with the company. Choosing a firm that is reputable and follows FCA guidelines helps to ensure that your transaction is legal and regulated.
