Transferwise Review and First Transfer Free
When I moved to the US I was faced with a problem. How do I transfer my money from my UK bank accounts to my newly opened US account? Banks charge excessive fees for transfers and when transferring large sums of money, there was no way I was going to pay more than I needed to. My current UK bank (Halifax) charges £9.50 for any international transfer, plus a £12 US "correspondent bank fee". There's also a 3.20% markup between the exchange rate they give me and the actual wholesale exchange...