How Long Does A Wire Transfer From US To UK Take?

by 22 comments
I'm trying to decide whether I should go with a check or a wire transfer for an Escrow payment I'm getting - does anyone know how long a wire transfer takes to get from a US bank account to a UK bank account?
#internet marketing #long #transfer #wire
  • Profile picture of the author brianAwilliams
    In my experience, international wires from a US bank to a UK bank can take up to 3 full business days maybe four depending on if the originator of the wire has a successful history of doing international wires.
    • Profile picture of the author Hamida Harland
      Originally Posted by brianAwilliams View Post

      In my experience, international wires from a US bank to a UK bank can take up to 3 full business days maybe four depending on if the originator of the wire has a successful history of doing international wires.
      Thanks Brian, does that mean that the money is cleared and can be withdrawn after that time?
  • Profile picture of the author joblythe
    Haminda

    The transfer times can vary and can depend on the instructions from the Originator, the initiating Bank etc.

    It sounds as if you are going to be receiving the funds - all I would say is - check with your Bank and ask them to inform you when the funds are cleared for withdrawal.

    I don't think there is a more precise answer, sorry.
    • Profile picture of the author Hamida Harland
      Originally Posted by joblythe View Post

      Haminda

      The transfer times can vary and can depend on the instructions from the Originator, the initiating Bank etc.

      It sounds as if you are going to be receiving the funds - all I would say is - check with your Bank and ask them to inform you when the funds are cleared for withdrawal.

      I don't think there is a more precise answer, sorry.
      Your right, I'll get on to my bank on Monday and check with them. Thanks
  • Profile picture of the author Richard Tunnah
    Originally Posted by Hamida Pall View Post

    I'm trying to decide whether I should go with a check or a wire transfer for an Escrow payment I'm getting - does anyone know how long a wire transfer takes to get from a US bank account to a UK bank account?
    Hi Hamida,
    It firstly depends on which service you choose! Most banks offer 2 or 3 that range in pricing and are based on express service (3-5 working days to US on average), quick (5-7 working days) or normal (7-10 working days). Last time I sent one to the US (earlier this year) it cleared in 4 days (bank to bank).

    Rich
    • Profile picture of the author Richard Tunnah
      Whoops sorry I thought you said UK to US but you are after US to UK. Yes best speaking to your bank who can give you an idea and may be able to trace the payment.

      Rich
  • Profile picture of the author Tim Dixon
    I've had money wired across from the US to the UK and it's taken 4 working days (don't forget it's a holiday on Thursday in the US).

    I've also had wire transfers that have taken 2 weeks, but we wont go into that one ! (they 'lost' the money somewhere in between...)

    Tim
  • Profile picture of the author PeterLepacus
    Normally 3-4 days.
  • Profile picture of the author charlesburke
    Definitely go with the bank transfer. If you use a check, it takes weeks for the money to clear and the bank processing fee can eat up a major chunk of the money. Ask your bank what the fees and times are for internationally clearing a check. You'll probably be shocked.

    Regarding time required, when I lived in Japan, sending a wire transfer took about three days most times, but occasionally the money would clear and be available in the US bank by the next day (that's not typical, by the way).

    Cheers from warm and smiling Thailand,
    Charles
  • Profile picture of the author Manpreet
    It will take not more than 5 Min.
  • Profile picture of the author DavidO
    I wired money from B of A to a bank in Spain recently and it took only minutes. The transfer itself is near instant. Posting the money is another matter. The real deciding factor is the receiving bank. My bank in Spain is right up with electronic procedures.

    My experience is that U.K. banks commonly drag their heals to use your money for the longest time possible, usually three business days. It's been a couple years since I've dealt with them but I doubt that they've changed.

    So the answer is that the transfer itself is instant. You should speak with the receiving bank and find out their policy on this.

    I would forget Western Union; they're too expensive. I paid $40 for the wire transfer and that was a set fee regardless of the amount. So if your sending a large amount this is a tiny commission. On the other hand, if you're sending $100 it's a lot!
  • Profile picture of the author joblythe
    Thing is . . . .

    Haminda is going to be on the receiving end of a wire transfer!

    She has no say in what happens after deciding to go with a wire transfer - only her bank can help and inform her when the money arrives.

    Hope this helps.
    • Profile picture of the author DavidO
      That's even better! Haminda should contact her U.K. bank and find out its policy on processing wire transfers. Even if it's the full 3 days allowable that will almost surely be faster than a check.

      The only way a check can beat that is in the form of a bank draft sent by overnight or 2-day post at great expense.

      I would go with the transfer every time, but your sender may need to be cooperative. Most, but not all, US banks to accept international wire transfers online as virtually all European banks do. Nor can they do them entirely electronically. When I did it with B of A just last summer I had to go the branch and fill out a paper order form... primitive!

      From that point it was phoned in and wired instantly electronically. If the US bank of origin has the same procedure your sender must be able to do this for you.

      If that's not a problem then by all means use a transer.
  • Profile picture of the author Kim Standerline
    Hi Hamida

    Have you thought about using western union, you'll get it instantly then

    Kim

Next Topics on Trending Feed