What is the finest international bank for a US foreign student studying in the UK?

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International bank for a US foreign student:   

I frequently travel between New York and London and would want a bank/debit card with no foreign fees. Should I simply obtain a debit card? ATMs with no fees in both, but particularly London/Cambridge, would be an outstanding advantage. I have a Chase Freedom credit card, but I’d like to switch to one that doesn’t charge international fees given that I’m in the UK so frequently. However, I’ve only had the card (my first) for a little over a year, and my credit score is approximately 725. Any suggestions?

international bank for a US foreign

CANDID ADVICE

 

International bank for a US foreign student: Simply obtain a Schwab checking and debit card. Refunds for ATM fees are unlimited. Apply for credit cards that offer purchase protection, such as CSP.

I don’t know much about them, but several of my coworkers have commended Santander Internional (subsidiary of a UK bank Santander). Some coworkers used to work for them (local and international) and have little negative to say about them (at least the international bank, the domestic one isn’t the best). As previously stated, I have no firsthand experience, but it may be worth a look.

Sofi is fantastic because they don’t charge foreign transaction costs and your money generates 2.5% interest. You might alternatively get a Revolut card, which is issued by a European bank and does not charge international transaction fees.

Have you heard about the people who were unable to access their money on SoFi? I’m curious if this is a larger issue or if it’s just those few folks that flew abroad despite notifying their bank.

 

Will money be available by Saturday if a wire transfer from Chase Bank to Citibank is initiated on Thursday?

 

My friend began a wire transfer to my account on Thursday am to my bank at citibank he has chase I need this money by Saturday….does anyone have any experience with a case like this? Will the cash be available on Saturday if the transfer is started on Thursday? Or, even if began on Thursday, do wire transfers not complete on Saturday? Chase informed my friend that it could take 1-2 business days, but does Thursday qualify as a working day if it was initiated that day?

 

CANDID ADVICE

It should have arrived in your account by now. A straightforward, routine consumer-to-consumer wire transfer rarely takes more than a day, in my experience.

Do you know if a wire transfer clears at a specific time depending on when it was initiated? For example, if they started the transfer at 10 a.m. the day before, would it clear at 6 a.m. or 10 a.m.? I’m asking because the funds have yet to arrive in my account…it was a $10,000 wire transfer.

The rapidity of wire transfers is one of the main reasons people utilize them. I’m not sure how much you’re dealing with, but it should be ready the same day or the next day at the very least.

https://www.chase.com/personal/banking/education/basics/how-to-wire-money

According to this page, wire transfers usually take 24 hours or less. International wire transfers take between 1 and 5 business days. Getting international bank for a US foreign student, there you go.

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Do you know if a wire transfer clears at a specific time depending on when it was initiated? For example, if they started the transfer at 10 a.m. the day before, would it clear at 6 a.m. or 10 a.m.? I’m asking because the funds have yet to arrive in my account…it was a $10,000 wire transfer.

Can someone explain to me why, as the world’s superpower, its residents cannot conduct quick money transactions within the US? This is fundamental banking.

Domestic wire transfers initiated between major banks (no intermediaries involved) during the early part of the business day are usually in the recipient’s account the same day, or by the next working day at the latest. It’s not a guarantee (there are reasons that may slow it down, especially if the instructions were incorrect), but most domestic wires between larger banking institutions go rather rapidly. Also, there are no defined times; our bank operates on a FIFO (First In, First Out) queue in which wires are processed in the order they arrive.

Wires are not sent, transferred, or delivered after hours (evenings and overnights when the Fed Window is closed) or on non-business days (weekends and holidays).

It will be kept for verification. They are normally quite immediate, but can take up to 1-2 business days. On a Saturday, I would not credit. Any additional time may be kept. To track it, obtain the worldwide ID and a trace of funds. Call Citibank as soon as you obtain your worldwide ID.

 

Bank Wire Transfer

 

I need to send a huge sum of money by wire transfer.

If I do it online from my account, the sum is greater than the bank’s allowed maximum.

I can phone one of the branches and have a banker wire the funds for me.

I verified that the recipient information is correct.

Is there any danger in having a branch banker send the wire? Is there a way to validate that the information was sent to the proper account and that the money were received by the recipient’s account if the recipient does not receive the funds?

international bank for a US foreign student

CANDID ADVICE

Simply come in and have one of us do it. The moron who believes we make several errors has obviously never wired funds because we provide you with multiple opportunity to confirm the information we enter into our systems.

If you are concerned, visit a physical bank. Before processing, they must show you all information.

When sending a wire, you must be completely certain that you are sending it to the correct destination. It is best to verbally confirm the wiring instructions before proceeding. There is a lot of wire fraud going on right now. It is mostly caused by bad actors who have access to email systems. They are secretly checking for wire transfers, then taking over an email account and sending false instructions. The best approach to protect yourself is to confirm by speaking with someone you know before sending the wire.

I would strongly advise going into the branch itself. They ask you to confirm all of the information several times before processing it. For the finest international bank for a US foreign student, it depends on the country you’re at.

 

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