Best way to transfer British savings into american

[bluebird74 34]

From my personal experience, I would recommend currencyfair.com It costs 4 quid to exchange GBP to whatever currency you want - USD in my case, and another 4 quid to transfer to any U.S. bank account. Most U.S. banks will charge you a fee for receiving the money, but it's usually not that much. Also, exchange rates at CF are far better than at any post office and banks. Hope this helps.

[stevensane 10]

From my personal experience, I would recommend currencyfair.com It costs 4 quid to exchange GBP to whatever currency you want - USD in my case, and another 4 quid to transfer to any U.S. bank account. Most U.S. banks will charge you a fee for receiving the money, but it's usually not that much. Also, exchange rates at CF are far better than at any post office and banks. Hope this helps.

Thanks! I'll take a look.

[Kiwinyc 62]

Transferwise is 0.5% commission vrs Currencyfair's average 0.35% so it looks like a good one to compare.

[bluebird74 34]

Transferwise is 0.5% commission vrs Currencyfair's average 0.35% so it looks like a good one to compare.

Which means that CF has a lower commission rate. Another thing I like about CF, is that you can put your currency on the market (if you're not in a hurry and are dealing with larger sum), to see if anyone accepts your offer.