Dollar Transfer


#1

I have cashed in shares in the usa in dollars and want put in my account can I then transfer to pounds and put in my uk bank account


#2

Hello @Lisbon67,

You can top up your account with USD via a bank transfer and then exchange it to GBP and transfer it to your UK bank account.


#3

It asks for a sort code when processing the transfer from a usd account held at Chase in NY. What sort code should be used?


#4

Hmm! Sort code or BIC? Can you clarify this with your bank?


#5

It’s not a BIC (though they ask for that as well). They are asking for a sort code, also known as a branch code I believe. It is s 6 digit number usually formatted as 3 pairs of numbers (example 00 11 22) and it identifies both the back and branch where the account is held.

Chase notes that all UK accounts must have a sort code. I am Irish and we have the same thing in Ireland so I agree that a sort code should be obtainable to identify the branch that money is being wired to?

Any help or information is much appreciated.


#6

Figured it out. It forms part of the IBAN and for the Lloyds bank I am paying to it is 30 80 12.
Thanks!