Beat your bank’s foreign exchange rates when making a currency transfer to or from the United States (USA) & secure a faster completion time by using a specialist money transfer broker – recommendations below:
|BROKERS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATE: GBP to USD||MORE DETAILS|
|CURRENCIES DIRECT||£100||1 DAY||0.7 to 1.0%||$1.295 to $1.301||INFO|
|GLOBAL REACH||£3000||1 DAY||0.8%||$1.297||INFO|
|CURRENCY SOLUTIONS||£1000||1 DAY||1.0%||$1.295||INFO|
|BROKERS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATE: EUR to USD||MORE DETAILS|
|CURRENCIES DIRECT||€100||1 DAY||0.7 to 1.0%||$1.102 to $1.107||INFO|
|GLOBAL REACH||€3000||1 DAY||0.8%||$1.104||INFO|
|CURRENCY SOLUTIONS||€1000||1 DAY||1.0%||$1.102||INFO|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Are you looking to send money to the USA? Beat bank exchange rates when making an overseas US dollar, UK pound or euro money transfer to an American bank account. Specialist foreign exchange companies can save you time and money over a traditional bank transfer service.
Attracted by the abundance of possibilities and the incredible vastness of the United States of America, international migrants are moving to the USA in droves. San Francisco, Seattle, Washington DC, New York, San Diego, Austin and Portland are popular choices for expatriates, but are also leading tourist destinations. If you’ve relocated or planning a move to the USA, at some point you may need to transfer money internationally, to or from America.
Transfer Supermarket recommended foreign exchange companies in the above tables are calculated on United States office location coverage together with the lowest foreign exchange margin rates offered. Further details below:
Compare the latest UK pound (GBP) and US dollar (USD) foreign exchange rates offered by major American high street banks. Skip to: USA Dollar Bank Transfers
Currencies Direct – Florida
4705 South Apopka-Vineland Rd, Suite 114, Orlando, FL 32819, Florida, United States
Sending money to or from the USA? Find answers with Transfer Supermarket to frequently asked questions regarding international money transfers and related technical jargon.
An international currency transfer is typically a financial “bank account to bank account” transaction where funds are sent overseas, to another country, currency and bank account.
Interbank foreign exchange rates are wholesale rates that banks use, also known as live foreign exchange rates.
An FX margin rate is the amount the bank, broker or foreign exchange bureau adds onto the interbank foreign exchange rate when they quote the rate for a money transfer. The smaller the margin rate, the less it will cost you.
Typically, for private transactions, brokers offer the best exchange rates for overseas money transfers into other currencies. Brokers offer much lower margin rates than banks, meaning that you’ll receive a better overall deal.
Getting the best deal on your money transfer is as simple as finding out what your local bank will offer, and then comparing the deal to what you would receive by using a broker. Try and negotiate a fixed FX margin rate from the interbank rate with your broker, as generally, high street banks are unlikely to offer this type of agreement unless you are a corporate customer making regular money transfers abroad.
If you’ve had a quotation for a money transfer and now you’ve decided to make a trade, only to see that the deal no longer looks as good, it’s the fluctuation in the exchange rate that has made the difference.
Most brokers now offer instant bank to bank money transfers for clients who are trading in major currencies, otherwise the time scale is typically 1 to 3 days. Banks will normally complete money transfer transactions in around 5 to 7 working days.
Of course. All brokers that are listed on Transfer Supermarket are authorised by the UK FCA (Financial Conduct Authority), which means that your money is safe as all client funds are safeguarded and held in segregated accounts.