Transferring money from the UK to the USA?
I live and work in the the UK temporarily for 2 years, my boyfriend is still in the US, we have joint bank accounts in the US and I have a sole account in the US, I want to transfer funds from my sole account (in the UK) to our joint account (US)
To do it through the bank will cost 40 pounds a time, paypal and western union are out as we dont like to lose money regularly for no reason!
So we are left with a couple of options
I am not comfortable sending $ in the post
I dont understand travellers checks, so what we had thought was for me to open a second bank account in the UK and for him to have the card and I would have the paying in book, allowing him to access the money I put in there.
The only downside is the $200 limit that is set with the US banks, by using a UK card we would be charged about 5pounds a withdrawal, so for $1000 we would be charged 25gbp, which again we arent happy with!
Any suggestions about how I can do this without financial loss?
I know that the halifax charge £19.50 per transfer to the US so thats a bit cheaper than the £40 you mentioned.
or do a moneygram,
http://www.mtiuk.co.uk/What_is_Moneygram.php
apparently its quite cheap.
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