So for those of you that were wondering about setting up an XE account... after all the verifications, they approved my account.
I then sent a wire transfer from my UK account to my US account. I thought that was all you have to do, and didn't receive a confirmation email (not sure why). That was on Friday.. yesterday I checked the status and they still hadn't received the funds or debted my account so I called them. I should have received an email telling me to make a payment (as you would to a credit card or friends account) to their account. I did this yesterday afternoon.
I checked before lunch today and the money was in my US account already!
It's considered a wire transfer ... I'm not sure about the other options and if they are slower/cheaper as it cost 12.50GBP for them to process it, then Bank of America charged me another 12USD. So I would only use for large amounts of money really (as these seem set fees).
Those of you that use it/have used it... should I have not done a wire transfer? Are there cheaper ways?
All in all, it was a pretty simple process and when I called to speak to someone, the customer service was great.
Re: XE.com update
For me it takes 2-3 days.