Good cash transfer service - UK paying US vendors

[spon88]

I recently bought a diamond from White Flash (great guys) and needed to send a lot of cash from the UK to the US. My bank wanted around £250 when I factored in their poor exchange rate but these guys did it for £35 and in half the time:

https://transferwise.com/

They are regulated by the UK financial authorities and their system is simple and fast to use. I see UK guys on here quite frequently so hopefully this may be of help.

They sent me this link which gives you the first transfer up to £3k free - may be of use to someone:

https://transferwise.com/u/d10546

It's a service from the guys who originally built Skype and the way they manage the transfers if fascinating if you get a moment to read it.

Cheers
Dave

 

[craiguk]

Just to add my bit. I opened an international account with Caxton as I wanted to buy currency over a period of time to take the risk out of a sudden drop. I used Whiteflash's 90 day flex payment terms.

Caxton don't charge transfer fees but take a small commission. My calculations were roughly 2% of the rates shown on xe.com

Transfers were instant too and usually next day.