Best way to convert currency, and I've tried it all!
I have to pay student loans in US dollars but I've lived in the UK for nearly a decade so I don't have any. I tried transfers via my bank, but I ended up having to pay fees from both my UK and US bank. Then I tried transfers with PayPal, but they introduced ridiculous fees. I then opened a Citibank dollar account here in the UK and a US account. They don't charge to transfer from Citi to Citi. Unfortunately, the UK dollar account was not direct debt friendly. I had to write cheques and go into the branch. There are only four branches in the country! I also got account fees on both accounts. Finally we found this service. It is very fast and there aren't any exorbitant fees! Life saver after 10 years of searching.
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