PPRuNe Forums - View Single Post - banking in the US/transfer of funds from UK
Old 30th Nov 2006, 22:18
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weis
 
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Question banking in the US/transfer of funds from UK

Just wondering how any of you guys who've trained in the US (especially Florida) have set up bank accounts there if any, or perhaps conducted money transfers from the UK. I've contacted several local banks in the UK and they do offer offshore banking services but most of them require minimum balances of atleast $5000 or have monthly charges. How do i then take funds from the UK for the purposes of fees, living expenses etc? Unless i'm mistaken using a credit card would not be advisable not only due to interest rates but also due to the conversion rates/commission. Apparently, a J1 visa would be sufficient evidence for the banks there of my temporary residence status? Any advice would be appreciated.
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