Sending and receiving money internationally

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2
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1answer
61 views

Transfer money from U.S.-based NRI friend to my savings account in India?

My NRI friend wants to wire transfer money from his U.S. account to my savings account in India. Could someone please throw light on the procedure to be followed and also the tax implications?
1
vote
1answer
39 views

What is the the most profitable way of transferring euro to usd in the states?

What is the the most profitable way of transferring euro to usd in the states. First answer it by bank transfer. I guess there would be a lot of fees. Another way i guess is through bitcoin since it ...
3
votes
0answers
41 views

Swedish krona to Euro

I have 1 million SEK in a Swedish bank account which I wish to transfer to my bank account in a country using the Euro. How do I transfer this money so as to avail of the best possible exchange rate? ...
0
votes
0answers
27 views

make international payment on behalf of another company

A relative of mine is a partner in a company in Greece. The company needs to make an international payment to a company in Taiwan (10.000 EUR) for some equipment they purchased. They do have this sum ...
1
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2answers
701 views

How to get money from India to UAE

I have taken 25 Lac loan in UAE country and remitted this money to my mother SB account through Exchange. She withdrawn that money and used for personal commitments and bought one property. Now due to ...
2
votes
1answer
134 views

Wire transfer from India to US

I would like send/lend money from US account to My brother-in-law's Indian account(international wire transfer) for 30 lakhs. This will be no interest loan to him. My brother-in-law needs this money ...
-2
votes
1answer
579 views

What are some way to transfer money from Hong Kong to India on a monthly basis? [closed]

I have recently moved to Hong Kong and I have to be outside India for a year or so. I'm new to the money transfer process. I want to send some money, monthly, to support my parents from HK using an ...
1
vote
2answers
65 views

Offshore Bank account with Online International Wire-transfer facility for Indians

I am freelancer having Indian nationality and residing in India. I own and operate Sub-Affiliate program of US based company. I have Bank accounts in India which operates in INR (Indian Currency). ...
4
votes
4answers
527 views

Which UK banks have an account that features free online incoming/outgoing international wire transfers and no monthly charges? [closed]

This is a similar question to US bank w/ free online incoming/outgoing international wire transfers, no monthly charges, online application in relation to the UK. Which UK banks have an account with ...
1
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0answers
29 views

UK fee-free foreign transfer to own account

I have a bank account in the UK and in The Netherlands. Transferring money from my UK to my Dutch bank account costs £25 with my current bank and most other banks have similar fees. The Money saving ...
3
votes
3answers
4k views

International transfer: is IBAN code enough for a transition?

Do I need to know the bank name if I want to electronically transfer money to a private and I only know his name, surname and IBAN ? It seems that I need to know the BIC (SWIFT), or the bank name, in ...
1
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1answer
123 views

Will I pay tax in my account in India if I get a transfer from UK from a different party

I stay in India and have a salary savings account here. A friend of mine is making a transfer from UK in GBP to my account in India. Amount is 35000 pounds. Do I face any taxes, legal liability or ...
1
vote
2answers
141 views

International wire transfer without SWIFT code

My credit union (ENT FCU) claims no SWIFT code is required to receive funds with international wire transfer, just their routing number... I am not an expert but I thought SWIFT code is required for ...
2
votes
1answer
51 views

Will I pay US taxes on visiting family money that is deposited into my account

My family are coming to visit me in the US and spend their summer vacation here. They are planning to transfer the traveling and living expense to my US bank account. My question is: Am I going to ...
0
votes
0answers
84 views

How much maximum money can transfer on regular base from USA to India?

I have 3 questions to avoid IRS penalty- I am on employment based visa in USA and want to send dollars from USA to India from my savings (after paying Tax). How much maximum dollars I can send in a ...
1
vote
2answers
99 views

Is this 'Tax evasion'?

I really am not sure if this is the right place to post, so I will gladly delete my question if it is the wrong place. I have a friend over in Brazil that wants to buy a few things online on Amazon, ...
0
votes
1answer
70 views

Sending money from India to US - What are the PayPal charges that applies

I have a PayPal account in India. And due to our banking regulations we cannot use PayPal for personal payments. I need to send some money over to a PayPal account in the US, and I have been asked to ...
0
votes
1answer
31 views

Sending money through remittance to previous employer against in lieu of full and final settlement

I resigned from my previous job. As part of the final settlement, there is some money that I need to pay my employer [Unsettled expenses, etc]. I need to pay that off through remittance. Does this ...
1
vote
0answers
15 views

Paying cash into a EUR account in Italy (or another EU state)

I am in Turin, Italy and I have some cash (EUR) that I would like to pay into my EUR account in a non-Italian bank (Polish in this case). The bank takes SEPA transfers. What is the cheapest and/or ...
2
votes
2answers
44 views

Provide additional information for SWIFT transfer

I have an account in my local bank in Russia. I have sent the account details to the UK firm to receive a payment from them. Specifically, I provided SWIFT code of my bank and my 20-digit account ...
1
vote
1answer
25 views

Taking tax paid money back home to India from Singapore

I have worked in singapore , 30 months and paid all my taxes. I hold an NRO account in India. I do not have any NRE account. I need to transfer my post tax paid saving to India bank as I return home. ...
1
vote
1answer
67 views

Inexpensive Method of International Swift Transfer for Low Dollar Amounts?

I am dealing with a beareaucratic government office in Europe in order to get some family records. They will only accept SWIFT transfers and have provided me with two different accounts I need to send ...
2
votes
4answers
730 views

Cheapest way to wire or withdraw money from US account while living in Europe

I'm currently living overseas in Europe. I work as a consultant for a US based company which pays me US dollars deposited to my US bank account. It's getting to be pretty expensive when I withdraw ...
2
votes
1answer
80 views

Pros and cons of different methods to transfer money from India to the U.S.?

I live in India, and I'd like to transfer money to a friend in the U.S., to settle a debt. Which of the following options work well: Give a rupee-denominated cheque. This would be denominated in ...
2
votes
2answers
118 views

What is a reasonable International Bank Draft Fee for cashing a cheque in Sweden from a friend in Scotland?

I have received an Internation Bank Draft from a friend in Scotland, made out in Swedish Kroner. I went to my bank here in Sweden and they said it would cost around 60 Euro to cash the cheque which is ...
3
votes
1answer
2k views

How to get money from bangladesh

The situation Recently we sold some property in Bangladesh. It gained a nice sum of money, but now we are a bit stuck on how to get it out. We can be flexible but prefer to transfer it to a west ...
1
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4answers
8k views

Do we need to provide correspondent bank information for wire transfers?

I have some bank accounts with international banks like SC/HSBC/Citi. Here is the template which they provide for international wire transfers. Is it necessary to provide Correspondent Bank ...
2
votes
2answers
125 views

Transfer money from a real estate sale in India to the US

I'm an H1B visa holder (a non-immigrant work visa) in the US. I've acquired some property in India a couple of years ago for around 30k$. It has nicely doubled in value since and it's worth around 60k ...
1
vote
2answers
154 views

Are there any implications if I do not report an Indian bank account during U.S. tax filling?

I have an Indian savings account to which I send money from the U.S. Over the year the maximum amount I sent was less than $10,000. I would like to know whether there are any complications if I don't ...
0
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0answers
37 views

Transfering Funds from Israel to US

I live in Israel and I would like to know what are some of the cheapest options for me to transfer money into my US bank account from my Israel Bank account (in Hapoalim). I would be transferring ...
1
vote
1answer
83 views

Tax implications of transferring money to New Zealand from USA?

I want to transfer over $USD10K to New Zealand from the USA and am wondering if there is any tax implication? The money would be going from myself to myself.
2
votes
1answer
95 views

What is the best way to pay my American rent from Canada?

I need to pay rent to my landlord on or before the day I arrive in America. Right now I live in Canada, and I have the money to pay (in USD), I just do not know what the most efficient payment method ...
3
votes
1answer
7k views

As a US Permanent Resident, how much money I can send from the US to India in my NRE account per year?

I am a Permanent Resident of US. (My wife also has a GC). We both are working (I am in IT and my wife works in a Store). We both share the same Bank account in US. The question is how much money I ...
2
votes
4answers
953 views

How to transfer money to an account on Cyprus as quick as possible

I am a Russian resident currently living on Cyprus. I should provide to local authorities a bank guarantee showing a reasonable amount of money. I know about finances literally nothing, so I was ...
2
votes
1answer
46 views

Is there a US credit union for foreign people?

I need to open a US account. I work for US based clients from Argentina and I need to receive payments and to transfer funds outside the US. I'm using PayPal, but I need another option to receive ...
1
vote
1answer
41 views

Remit money from US to India from my travellers account

I am living in the US for a short duration and I have a travellers credit card with one of the banks in India which was provided to me by my company. I want to transfer around $2000 to another bank ...
2
votes
1answer
173 views

Understanding the difference in exchange rates across banks and forex bureaus

I recently moved to Ghana and discovered that the exchange rate at the banks here is somewhere around 3.4 GHS per USD but the exchange rate at all the forex bureaus I visit is around 3.7 GHS per USD. ...
2
votes
1answer
2k views

Will I have to pay tax in India for a transfer into my account from the US?

Will I have to pay tax in India when my friend transfers money to my bank account in India from US? The amount is $100 USD, and at this time I don't know how the transfer will occur. I am living in ...
1
vote
2answers
5k views

How much tax should I pay in US on interest earned on my NRE a/c in India?

I am a person on H-1B who passes Substantial Presence Test. I have transferred money which I saved from my salary to my own NRE account in India. I think that I can transfer any amount without paying ...
10
votes
5answers
10k views

How to transfer money to yourself internationally?

I tried to find a question that already answered this but surprisingly I wasn't able to. My situation is this: I'm from the U.S. and I have student loans there I need to pay off. However, I am now ...
1
vote
2answers
440 views

How to get money transferred from the United States to India?

My brother has a registered company in the USA and has a payment gateway. Now here in India I need to use his gateway for payment as I am into online technical services and have a registered company. ...
3
votes
2answers
422 views

How do I transfer funds from Lebanon to the USA without penalty?

My parents have funds in a Lebanese bank that they want to transfer to their US bank account. They are being told that there is a 35% fee on outgoing transfers from Lebanon. How can I find out if ...
2
votes
2answers
10k views

How to transfer large sum from out of country to USA?

Is it easy or possible to do a large sum transfer from Philipines to USA by a Philippine citizen to buy her USA home? What is best or safest practice? I have concern about large sum restriction laws ...
0
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0answers
13 views

What are the tax implications to transfer more than 10K from a foreign account, to my US bank account? [duplicate]

I have a questions regarding a large sum of money transferred to a US bank account from Azerbaijan: 2) If a friend from Azerbaijan transfers a large sum of money (more than 10K) into my US bank ...
3
votes
1answer
906 views

As a freelancer, how to receive money from overseas company to my individual bank account in India?

I am working as a freelance software developer. Recently I got a project from an overseas company. I asked them to send money through ICICI Bank Money2India. The first payment made it successfully ...
2
votes
1answer
2k views

Will it be taxable if I transfer money from UK account to India account?

I am a resident of India and currently in UK for 1 year on a work permit where I am getting salary in Pounds. My Indian salary has stopped till the time I am back in India. Now, I have a Home Loan ...
2
votes
1answer
82 views

Loan in US against assets in Canada?

I have some savings and investments in Canada that I would like to bring into the US. However, I don't want to just transfer the money over, because in that case I would owe departure tax of at least ...
1
vote
2answers
267 views

Is it possible to transfer money from UK bank account to Egypt bank account?

I am working currently in UK and my HSBC uk bank told me that it is not possible to transfer from/to egypt any money, so is that really true? and what other ways I can do so?
0
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0answers
51 views

Is it necessary to stamp with company stamp in fund transfer document

When transferring money to another counterparty especially customers through message type MT103, for companies is it necessary for remitting customer (company) to endorse with company stamp? or its ...
1
vote
2answers
68 views

I own a vacation rental in the US and a tenant from Austria wants to do a International Bank Transfer.

I trust the tenant, she is known to me, but I would need to email her my bank routing and account #s as well as the "swift" numbers provided to me by my bank. It is the emailing of this information ...