well i have a cousin who wants to send money from United Kingdom to America how would he do that and also how long will it take?
2007-03-13 18:33:26 · 7 answers · asked by DB89 2 in Travel ➔ United Kingdom ➔ Other - United Kingdom
$100, $1000? Probably a wire is your safest option. Takes about 3 or 4 days. However, sending a wire from a UK bank usually requires the person to go down to the bank and sign the papers and show a passport, if this is the first time they've ever sent a wire. Not quite as easy as the US (where it can be done online).
If it is $10,000 or more, you would probably want to use a foreign exchange service to get a better exchange rate. For example, right now the rate quoted in the newspaper (i.e. for >$10 million transactions) is $1.94. Your bank will probably pay $1.83 per pound. Some foreign exchange services will over $1.93 or so, which can save you big on large transactions.
http://www.ukforex.co.uk/ is a pretty good one.
2007-03-14 04:05:10 · answer #1 · answered by apleyden 5 · 0⤊ 0⤋
Your UK bank will be able to transfer money to your cousins bank account in the US no problem. It may take a few days. Best to speak to your bank.
If this bank acciunt option is not suitable forur needs, then Western Union money transfer is well establsihed in the UK nowadays and your cousin will have the option of getting the money very local to her in the US as there are thousands of locations. If you do it by phone the money is available in minutes.
2007-03-14 01:24:59 · answer #2 · answered by alshialwil 2 · 0⤊ 0⤋
Usually, the safest way is for him to wire it from his bank to your bank. If one of you doesn't have a bank account you can use someone else's account to send or receive the money or Western Union.
2007-03-13 18:39:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
if you do it through western union it'll be there in a couple of hours if you plan on sendin just a little money i would take it to the post office and get it insured and it should be there in about a week or two.
2007-03-14 16:43:20 · answer #4 · answered by carrol_87 2 · 0⤊ 0⤋
Wire it via Western Union - it will be there in a matter of hours depending on what time you send it.
2007-03-13 18:37:15 · answer #5 · answered by Mrs. Goddess 6 · 1⤊ 0⤋
There's bank transfer but not sure if it works internationally.. There's also Western Union, MoneyGram...
2007-03-13 19:07:08 · answer #6 · answered by MICKEY MOUSE 5 · 0⤊ 0⤋
go to your bank or local post office and tell them you want to send money abroad they are most helpful.
2007-03-19 10:04:31 · answer #7 · answered by fushia 5 · 0⤊ 0⤋