[LRUG] Receiving a one-off payment from the U.S.

[Damon Allen Davison]

Quoth allolex:
> More concretely, if someone sends money to from the US to the UK, they
> might pay $25 (Bank of America) for an international transfer and then
> your £9 fee (HSBC, IIRC) when it comes in; that's a total of about
> £25. If they do it via Paypal, it costs 1% of the transaction, so if
> the transaction is less than £2,500, Paypal is cheaper. YMMV.

Someone's actually done the sums and also appears to get worse bank
transfer rates than the ones I quoted.

http://manfrommodesto.hubpages.com/hub/Bank-Transfers-or-PayPal-Money-Transfers-Which-is-Cheaper