Hi there,
I'm currently living in the US and I want to send (or carry) $5000 dollars from the US to my UK account (Halifax).
Options I am currently considering:
- Carrying the 00 to the UK in cash and exchange the money at Postoffice/Marks and Spencer (or wherever would give the best deal of fixed fee vs exchange rate, suggestions?)
- Transferring the money via wire transfer from the US, my local bank in the US told me they have to use a surrogate bank in New York in order to be able to transfer the money. (I suspect large fees/bad conversion rates would apply, if my experiences with the banks here are anything to go by...you even have to pay for your own check/cheque books!).
- Citibank looks OK, but must have 2000GBP in the account to avoid monthly charges...not sure that is such a good plan.
- Other suggestions?
What would give me the best deal, 1, 2, 3 or 4? How would I get the best exchange rate/fee possible for converting $5000 cash to GBP after I arrive in the UK?
Any help would be greatly appreciated!