In this article, we’re sharing the available options to send money to the USA from the UK.
This will include both digital and traditional money transfer options that can be accessed by both residents and non-residents.
That said, if you would like to explore other banking options you can use our other free resources to start opening accounts today – including how to open an international digital bank account as a non-resident.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Send Money to the USA From the UK
- How to Send Money to the USA From the UK?
- Factors to Consider Before You Send a Money Transfer to the USA
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Send Money to USA From UK
Send money to the USA from the UK using one of the five available options. These options include international bank transfer, international transfer service, sending a money order, sending through a digital wallet, or cryptocurrencies. The specific service that is best suited to your needs will depend on your priorities.
Before diving in, if this is your first time visiting GlobalBanks, don’t forget to download your FREE Non-Resident Banking Starter Guide. It’s designed to help non-residents open an international bank account in top banking hubs around the world.
How to Send Money to the USA From the UK?
To send money to the USA from the UK, you will likely want to choose from one of the following options:
- International bank transfer
- International transfer service
- Money order service
- Digital wallet transfers
- Cryptocurrencies
That said, each of these options has specific factors that you should consider, ranging from the costs associated with sending a transfer to the security of the funds being sent.
It’s important to note that bank transfer services can vary between different countries. For example, the transfer services available to you for sending money to Australia from the UK may be different from the transfer services available to you for sending money to the USA.
In the next section of the article, we will explore these factors that can influence which option you choose to send money to the USA from the UK.
Factors to Consider Before You Send a Money Transfer to the USA
Before you send a money transfer to the USA from the UK, you should consider the following factors:
- Fees for sending international transfers
- Fees for converting between foreign currencies
- Amount of money you want to send
- The speed that you need the transfer to arrive
- How secure does the transfer need to be
- Availability of existing accounts
Send Money via a Bank Money Transfer
One of the most popular ways to send money to the USA from the UK is via a bank transfer. However, bank transfers can often be expensive and they can take longer to arrive when compared to international transfer services.
That said, they usually do not have restrictions on the size of the transfer. So, if you are planning on sending larger amounts of money, they may be a suitable option.
Below, we’ll take a look at the two main fees that impact sending money via banks, so you can get a better idea of whether this is an option you want to consider.
Bank Transfer Fees
Not surprisingly, bank transfer fees are an important consideration when you send money to the USA from the UK. This is especially true if you are sending large amounts of money, which can result in very high fees being charged.
That said, most banks have tiered transfer fees, so it is possible to know how much your bank will charge before arranging a transfer. With this in mind, it’s important to contact your bank beforehand to ask for a list of the fees associated with sending a transfer if minimizing the cost is a priority for you.
Exchange Rate Fees
In addition to the fees that a bank will charge for sending a transfer, they also charge an exchange rate when sending money between two different currencies. The exchange rate can often be very high compared to the market rate. This is common when you send funds from a standard checking account without any preferential rate.
With this in mind, if the exchange rate is an important factor for you, you may want to consider using one of the international transfer services instead of a bank transfer. The reason for this is that international transfer services tend to offer better exchange rates than traditional banks. So, many individuals that are trying to minimize the costs of sending a transfer will consider this alternative.
Frequently Asked Questions
Below are three of the most common questions that we receive from people looking into how they can send money to USA from UK. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can You PayPal From UK to US?
Yes, you can PayPal from the UK to the US. In fact, you can send money directly to US PayPal accounts from UK PayPal accounts. However, you can also send funds to bank accounts directly through PayPal by using their Xoom service.
What Is the Best Way to Send Money to USA?
The best way to send money to the USA will depend on your priorities. For example, if you are most interested in saving money, you may want to consider international transfer services. Alternatively, if you are sending large amounts of money, you may want to consider sending an international bank transfer. Lastly, if you want the recipient to be able to retrieve the transfer in cash, you will likely want to send a money order.
How Can I Send Money to USA Legally?
You can send money to the USA legally by using any of the available transfer methods. These include sending traditional bank transfers, using an international transfer service, sending funds via money order, or using digital wallets like PayPal.
Do You Want Help Opening Bank Accounts?
If so, you can access GlobalBanks Insider and start the process of applying for an offshore account in a few clicks.
GlobalBanks Insider is a dedicated account opening solution that involves direct support from our team and direct introductions to the banks of your choosing. It gives you instant access to the…
+ Direct support from a team of banking experts
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+ Expert insights on which banks to choose & why
+ Plus FULL access to our entire suite of account opening tools and intelligence!
And “yes!” GlobalBanks Insider is designed to help foreign and non-resident individuals and companies open bank accounts.
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