Quote:
Originally Posted by GDE
If you have a bank account at home with electronic banking, you can transfer a lump sum to the US when you want and pay one transfer fee. Then you will be able to take the money out locally.
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The only quibble I have with this is that I have found you can't do an electronic transfer of funds overseas - at least not through my UK bank. For a bank transfer, you have to send them a letter (snail mail), though I suspect you could set up a regular transfer in this manner (say, a set sum every quarter). It's up to you whether you have the funds exchanged on the UK end or on the US end, though I find it easier to let the UK bank make the exchange. Most US banks aren't used to doing international transactions. (And I've found that dealing with a smaller, regional bank rather than one of the national giants can really help with setting up a credit rating and accounts when you first arrive in the US.)
Cheers,
Bev