Any Advice on this one?
I am about to move a large amount of money from the UK to the USA, the proceeds of the sale of my house in Wales.
Normally when we send money back and forth in the past we have just moved it from a conventional bank in either country to the other end inside the banking system, however, as you probably all know they give a crap exchange rate and charge transfer fees, wiping the manager’s butt fees and anything else they can think of at the time fees. As we were only sending relatively small amounts we always just wore it, cursed, grimaced, moaned and bitched and paid!
However, this is a good six figure sum and we note these FX companies do not appear to charge half as much fees and give a better rate to boot. As many of you are ex pats does anyone have any comments or recommendations to make on this subject? Any pitfalls for the unwary?
Comments would be appreciated.