On 11/05/2015 11:08, Huge wrote:
On 2015-05-11, Nightjar "cpb"@ wrote:

A bank transfer ought to be at or near the inter-bank rates, which are
considerably better than the rates you get if buying currency over the
counter. As for charges, it will be a lot cheaper than something like a
letter of credit and, if both accounts are with the same bank, may even
be free.

IME, interbank transfers between the UK and USA cost the sender £25 and the recipient $40. Given
that the whole thing is automated, these charges are an outrage.

It is a long time since I used a letter of credit, but ISTR a charge of
around £60, if I chose to pay the fees for both ends.

--
Colin Bignell