About UK and US
The USD and GBP are a popular currency in the exchange market and usually used as the basic unit of conversion for other currencies including for some people in US. Today, you can enjoy a variety of GBP to USD transfer and exchange services from UK to US thanks to Exchange Rate IQ, you don’t need to take so much time researching for the best service.
From online cash transfer services offered by platforms like XE Money, OFX and Azimo to direct cash transfer as seen with Travelex and Western Union, we have broken down and compared the available money options and detailed features about the service below.
What is the best way to send money from UK to US?
The best way of sending money from UK to US entirely depends on your needs. In most cases, important factors like the cost of service or how much you need to send from US to UK. The exchange rates provided by your preferred money transfer company also contributes to the quality of service.
It is however safe to mention that a great percentage of people who send money to US from UK prefer using online money transfers. That is because the services are prompt and the users have more options for sending money. You can decide to make direct bank deposits or use cash pick up point services without any struggle.
American banks that operate in the UK are also playing a significant role in offering GBP to USD transfer and exchange services especially for people who need to send large sums of money on a regular basis. Bank transfers usually take at least one or two days with all factors considered while some banks can take longer.
5 things to consider when sending money from UK to US
As much as the hard part has been done for you, it is good to know that when it comes to choosing the best service to transfer money from UK to US you need to keep the following in mind;
How much you need to send
Usually, the cost of transferring money is determined by how is being sent. Some companies will have favorable rates if you are sending more money and some only work better if you are sending small amounts.
The USD and GBP are not far apart when it comes to value. However, it is vital to point out that the exchange rates being provided by these money transfer services differs but thanks to Exchange Rate IQ, you can always get the updated comparison.
The duration of service
Many people like it when their money transfer is instant if not faster because it is good for business. That explains why transferring money from UK to US online has become more popular.
How much it costs
While some money transfer companies charge highly for GBP to USD transfer services, some offer the same service for free if not cheaper.
Although the UK and US exchange corridor is one of the most active, it is good to know that malicious are constantly preying on the unsuspecting public. You therefore need to properly authenticate if the money transfer company is legitimate or not.