Transferring USD from the US and UK


#1

I am looking to transfer around 30-40k, half from USD in a UK bank account and the other half from USD in a US bank account? Then I would like to transfer it to GBP. Is this possible? If so, what are the steps I need to take? Please let me know. Thank you.


#2

Well, both would be a SWIFT transfer (even though USD within the UK might be still locally doable) and you’d transfer it to your USD balance. Once it is there you can convert it to GBP.

Two things to consider though

  • the maximum amount you can exchange a month without additional fees (unless you have a premium account)
  • and additional verification such an amount might require. Do that before you transfer it, otherwise you might be temporarily locked out of your money for a while