Re: [OFF] Most efficient method of person to person payment

Theodore H. Smith wrote:
>
>Whats the most efficient method of person to person payment, when the 
>person spending lives in America, and the person receiving lives in 
>England?
>
>Everyone's trying to get a bite out of money transfers, so I'd like to 
>know whats the most efficient. I've noticed banks can be really hungry, 
>although I would have hoped they'd be the most efficient...
>
>--
>     Theodore H. Smith - Macintosh Consultant / Contractor.
>     My website: <www.elfdata.com/>
>

Theodore,
I have mailed checks from the US to England and I remember that the
banks charged about 5% extra for the conversion.

Don't know whether this will help, but ...
I now live in Mexico and transfer money from dollars to pesos regularly.
The absolute best rate available (1% over interbank rate) seems to be a
credit card purchase or ATM withdrawal from a bank account. Money sent
via wire transfer from a bank in the US to a bank in Mexico runs about
1.5% as nearly as I can calculate it. This is only useful if the
transfer is big enough to justify the cost of the transfer. My bank
charges $15.


DJ


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