Posted: Wed Sep 2, 2020 3:36pm
Hi Darrel, I used Transferwise two years ago when I was in your position, and I have used them since for all my transfers. Check out their website.
The best thing about them is that they give customers the interbank exchange rate automatically, so you can rest assured that you are getting the best rate available on the day. Their fee is also transparent and stated upfront so you know exactly how much it will cost.
I remember well trying to gauge the best time to transfer the money and I feel for you! Timing is important. A little tip - make sure your UK bank knows in advance what you're doing and don't just assume they'll let you withdraw 200k all in one go. Oh yes, and resist all their attempts to do the transfer for you (they will try to sell it to you), it would cost you an arm and a leg.