How best to transfer American dollars for use in Glasgow during a year abroad?
August 30, 2007 8:33 PM Subscribe
Is this [AskMe post]
the best way to use American funds for living expenses in Glasgow? What other options are available?
I'm asking for a dear friend who deserves the peace of mind that closure to this question would give.
posted by cowbellemoo to work & money (10 answers total) 4 users marked this as a favorite
Hi, I am leaving the US to attend grad school in Scotland. I plan on opening a bank account in Glasgow with either RBS or BoS. There is no American bank with a branch in the city (there is one HSBC but I was told by an HSBC representative that it is treated as a separate bank in each country; in other words I couldn't access an American account in Scotland.) My question is, what is the best way for me to get my money from America to Scotland? From what I understand, an international wire transfer requires a trip to the consulate in Edinburgh for a stamp. Should I just take a whole mess o cash with me on the plane? Some combination of the two? You'd think internet transfers would be an option in this day and age but that suggestion has been rebuffed by the banks at every turn. Thanks for your help!
I will forward this
post to a similar question to my friend. It seems like a good idea, but I don't think either of us have the experience to know if that's the best plan or if it will work in his situation, or if it's unrealistic to expect the same luck.
Will an ATM withdrawl (in Scotland) of American funds (in pounds) avoid punishing transfer fees? What other options are there?