Use this table to compare quotes from transfer specialists that send money from the UK to the United States. Check out what your recipient would receive in US Dollars with each, then click “Go to site” when you’ve found the best one.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Looking for the best way to send money from the UK to family, friends or a business across the pond (or even to your own bank account)? As convenient as it might seem to use your regular bank, this will usually work out significantly more expensive than a dedicated online money transfer service. These nearly always offer better exchange rates and lower fees – which means that you could either save some pounds or send some more dollars (a nice decision to have to make, right?).
Here's the step-by-step process for sending money with an online money transfer service, as a cash pickup or bank transfer (the process for sending is similar, while it's a little different for receiving).
The whole process can take as little as 1 hour and all you'll need is a smartphone or computer, an internet connection, your passport or driving licence, your recipient's account details and a means of payment.
If you send to an American bank account, your recipient will need to wait for the funds to arrive. For a cash pick up, your American recipient will need to show some form of photo ID in order to pick up the funds. It’s also important that you give them the transaction reference number to streamline the process.
Anna is spending two years working in the UK for a media company, but she stays in regular contact with her elderly parents back home in the USA. Her parents need some funds to help pay off a debt to a previous landlord, so Anna plans to send them £3,500 from the UK.
Anna decides to check out an online money transfer specialist to see if it works out any cheaper than her bank
|Bank||Money transfer firm|
|Exchange rate||1 GBP = 1.16 USD||1 GBP = 1.20 USD|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||2-5 working days||Next day|
|Amount received||4,064.82 USD||4,196.90 USD|
As you can see, while the transfer fee is slightly higher for the online money transfer company, it allows Anna to send an extra 132.07 USD, which is transferred straight to her parents' Wells Fargo account.
To send money from the United Kingdom to the United States, you’ll need the following:
To collect money in person in the United States, the recipient will need:
While transfers between pounds and US Dollars are of course at the mercy of interbank exchange rates, there are other key factors at play, including: –
Compared to a month ago, the pound is weaker against the US dollar. Currently £3,000 is equivalent to $3,618.00, whereas a month ago, £3,000 was equivalent to $3,746.40. That's a decrease of 3.43% over the past month .
Similarly, compared to a year ago, the pound is again weaker against the US dollar. A year ago, £3,000 was equivalent to $4,146.00. That's a decrease of 12.74% over 12 months.
What's more important, however, is where the strength of the pound against the US dollar goes from here – which is harder to call. Based on those two quick glances back, your pounds might not go as far as they would have, so shopping around for the best deal on your transfer is key.
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