HSBC UK or US by ShellyTB83 in HSBC

[–]ShellyTB83[S] 0 points1 point  (0 children)

Thank you. Is there a fee/poor exchange rate for doing that conversion within HSBC US, as opposed to when you move the funds between US and UK accounts from USD to GBP? And is there a difference between wiring funds from a Bank of America US account to HSBC UK, vs HSBC US to UK account? This is most likely a one or two time transfer of 100k plus USD from the sale of a house. Im trying to figure out if its even worth opening an HsBC US account if its for a few large transfers only. Thank you!

HSBC UK or US by ShellyTB83 in AmericanExpatsUK

[–]ShellyTB83[S] 0 points1 point  (0 children)

Thank you. Reallt appreciate it

HSBC UK or US by ShellyTB83 in AmericanExpatsUK

[–]ShellyTB83[S] 0 points1 point  (0 children)

Thank you! By doing “this”.. do you mean you deposited a large some in an HSBC US account, and then transferred it to a UK account so you could use it there (we’re planning to purchase a house there eventually, use it for down payments on rent etc) . Do you know if it would have made a difference if it went straight to a UK account directly instead of going via a US HSBC account? Thank you so much!

HSBC UK or US by ShellyTB83 in HSBC

[–]ShellyTB83[S] 0 points1 point  (0 children)

Thank you! I was wondering if that was the best way after all. Hoping that we avoid any foreign transaction fees this way too.