Sending and receiving money internationally

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2answers
87 views

Transferring money through ACH, SWIFT or Wire?

What are the differences among these three ways of transferring money? Which one should I choose for transferring small amounts of money from the US to other countries, from an individual to another? ...
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0answers
28 views

How to send £10 from the US to the UK? [on hold]

I am buying a book from someone in London, and need to send £7 for the book, and £3 for shipping. We don't know each other, so a bank transfer is unlikely. She is an older woman, and I don't think she ...
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1answer
44 views

US - How much money can I send abroad, and how?

I am a Brazilian citizen and I am in the US with an L-1 (intra-company transfer employee) visa. My wife is British and a permanent resident of Brazil. I have remainings of a mortgage in Brazil. I ...
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1answer
46 views

Transfer funds from Saudi Arabia to India, to help collegues who can not transfer funds

From past 24 year I am working in Saudi Arabia, From last 1 year in my company workers do not have valid iqama. I have proper valid iqama. Most of workers cant send money to India to their family ...
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3answers
3k 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 ...
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1answer
40 views

Canadian tax treatment on international property sale and transfer of proceeds

I am a Canadian citizen. I have a small property from my country of origin. The value is less than CAD$100,000. If I sell my property and transfer the money to Canada, is there a tax payment ...
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1answer
80 views

Is it allowed to transfer money between countries to make profit from currencies fluctuation?

I will try to be more specific as I expect rules/taxes to be country specific. I am a French currently living in UK. I have both EUR and GBP account in each country. Because of brexit, GBP has fallen ...
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1answer
23 views

US $ transfer from Indian NRE external account to US account

I have a NRE External Account-US $ 50,000 Fixed deposit in Indian nationalised bank on my name with nominee as my daughter.I now want to wire transfer same to my daughter on her US Bank account. Is ...
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1answer
52 views

Sending more that 10K USD to UK Business Account

I have my brother who lives in USA, he wants to send around USD 10000 to UK onto my Business Account Via Wire transfer through Bank to bank for Loan Purposes. My brother is worried as in US a ...
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1answer
364 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 ...
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1answer
62 views

Starting a restaurant in UAE and need a working capital. How can I transfer money from a person who stays in India

I had already invested 1.5 lakh dirhams in UAE for a restaurant and need more working capital. Unable to arrange funds in UAE. Some people are ready to fund me the capital which I need from India at a ...
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1answer
151 views

Transferring proceeds to USA from real estate sale in India

First off, I am an US Citizen currently living in the US. I bought a property in India in 2000, when I was not a US citizen but was still living in the US. Over time it has appreciated and now has ...
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3answers
22k views

What is a maximum amount that I can wire transfer out of US?

Say, I would like to buy a property in Thailand. The price is about $200,000. I might wire it to my Thailand's checking account. Just want to know is the limitation of wire transfer. Also, is there ...
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0answers
73 views

What is the maximum amount of money I can send internationally? Do I have to pay tax?

After successfully finishing my degree in the US, I am ready to return to my home country. So I have to think about transferring my money in my US bank account to my account in my country. I know ...
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1answer
40 views

Safe and cheap way to send money from Canada to South America [closed]

Does anyone knows how to send money from Canada to a country in South America in a safe and cheap way? In the past I transfered from my bank account here in Canada to a South American bank account ...
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3answers
6k 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 ...
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3answers
87 views

Can I receive USD 1500 from a cousin in USA to my account in India

Please let me know if I can receive USD 1500 from a cousin from USA to my savings account in India.
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3answers
89 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 ...
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3answers
1k 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 ...
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1answer
58 views

Money transfer from a French bank to an Indian Bank

I am a student in India. Recently, I attended a conference in Paris and the organizers will be reimbursing my travel through online bank transfer. However, they are insisting on IBAN/RIB no. Indian ...
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5answers
2k views

Any financial institution that offers free or low fee international money transfer? [closed]

I would like my younger brother to start studying in a school here, and this requires frequent international money transfers: The primary source (sponsor) would be family funds that would be wired ...
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1answer
1k views

How can I determine the exchange rate and fees that were applied to an international wire transfer?

I received a wire transfer from Europe a while ago. The money was sent as EUR and converted into USD by HSBC. Since the incoming transaction showed an amount that was around 3% less than expected, I ...
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0answers
58 views

Payee lost bank draft (cashier's cheque)

Right so I'll try to keep most of my frustration out of this question ;) I purchased a bank draft to pay for a vacation rental - the agreement was cash on arrival, but as I didn't have access to EUR ...
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1answer
92 views

Investing in a offshore bank account

I am completely new on investing and I am educating myself reading some books about finance but in the process to understand better the whole process, I'm very interested on buying index funds. So, I ...
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1answer
297 views

How can I receive foreign funds in my account in an Indian bank which lacks a SWIFT code?

I'm to receive some money in USD from a company directly to my account. I'm a resident of India and the branch where I have my account doesn't have a SWIFT code. The company will not give the money by ...
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1answer
48 views

Tax implications on international wire transfer

I have a retired US citizen brother who decided to live overseas after his retirement. He and his wife's social security checks is automatically deposited in a US bank account. He has asked me to ...
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1answer
56 views

Is it okay to just give my account number together with another branch's address and SWIFT for foreign fund transfers?

I have a savings account with State Bank of India. However, the branch where I have an account doesn't have a SWIFT code. I asked my branch and they gave the SWIFT of another branch. I gave the ...
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1answer
607 views

Any US tax implications — transferring UK ISA balance to USA

My wife has an e-ISA in the UK, from her time living there. It is a savings ISA, not a shares ISA. It is earning very low interest. For ease, I'd like to transfer the money to our USA accounts so ...
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0answers
62 views

Is Gift tax due on transfer of USD and mutual funds from non US citizen brother outside USA to sister, Permanent Resident in USA?

My sister is in USA for many years, as a permanent resident. I wish to send her about 150K $ as gift from my bank account abroad. I am an Indian citizen. These funds are from my savings while working ...
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0answers
54 views

International Money transfer

What is the implication of sending money from US to personal account abroad (Nigeria). Any precaution to take and necessary steps to take as not get into trouble with the law. What is the maximum ...
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1answer
135 views

CitiBank or HSBC account in India but use funds in America

I have some money in India that I plan to transfer to an international bank such as Citi or HSBC. Once the money is in the account, can I use those funds in America? Are there any tax liabilities in ...
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1answer
233 views

Money transfer from INDIA account (INR) to US account in $?

I have sold a plot in INDIA and want to gift the 50% of money to my brother who is working in US (San Francisco) and who want to purchase a house in US. What is the procedure to transferring the ...
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1answer
46 views

Canadian transfer

Can a Canadian citizen who is relocating to the US, transfer nonqualified funds and/or shares to a US brokerage account? Are there tax implications, even if moved "in Kind"?
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1answer
47 views

Philiipine currency check to deposit in the US

We are expecting a check from a Home Builder in the Philippines in Philippine currency. Can we deposit it in our bank here in the US and convert to US currency ?
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1answer
53 views

Are UK banks supposed to be compliant with the 1st February 2016 SEPA BIC deadline?

I can't find a more authoritative quote, but Wikipedia says this about BIC: After these dates [1st February 2016] the IBAN will be sufficient to identify an account for home and foreign financial ...
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3answers
7k 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 ...
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2answers
125 views

Money transfer to US from NRE account

I am planning to transfer money > 100k from my NRE account to my US checking account. The money in NRE account was transferred from USA account couple of years back. I am already paying tax in US ...
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0answers
113 views

Money transferred from my account but not received by overseas client

I had to transfer money for admission in a university, which I did around 12 days back. My bank (in India) has given me a receipt saying they have transferred the money. The bank to which they have ...
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1answer
265 views

International Wire from Brazil to Puerto Rico

My husband has a side company that has its HQ in Puerto Rico. The company closed a contract in Brazil and was told they are wiring the funds to Puerto Rico. I was told that Homeland Security has the "...
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3answers
2k views

Transfer Money from My Overseas Account

I have an account at HSBC in Hong Kong. I want to transfer some money to an account here in the USA. I don't have an HSBC account here but if that is the best way then I can create one. What is the ...
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0answers
74 views

Efficient way to transfer money from Greece to Canada

I currently reside in Canada and I want to transfer a small portion of my money from Greece (from my parents). What's the most efficient way to transfer money in order to avoid the bank fee + low ...
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1answer
80 views

Change rates between RMB and U.S. dollars for money transfer between China and U.S

Let R_1 be the change rate from RMB to US dollars when transferring money from China to U.S., and R_2 the rate from US dollars to RMB when transferring money from U.S. to China. Are R_1 and R_2 ...
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1answer
310 views

Financial gift or nasty surprise

If a friend from the U.K. is wanting to give me a large amount of money, why would they need my signature? They haven't requested any bank account details, but why would I need to sign something to ...
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4answers
2k views

Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos?

A friend wired me some money when I lost my bank cards a month ago. Today I finally got my new cards and want to wire him the money back. We are both moving around the world. He was in Australia and ...
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2answers
11k 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 ...
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2answers
312 views

What is the most efficient way to transfer money from the UK to a US account also in my name? [closed]

I am leaving for the states in around a months time and upon arrival I will be opening a US account. I'm a student and so will be sending around £2,500 each term to the US account from funds that are ...
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1answer
89 views

3rd party remittances to NRE/NRO account

On my recent visit to the bank, I was told that money coming into the NRE account can only be foreign currency and for NRO accounts, the money can come in local currency but has to be a valid source ...
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1answer
747 views

Do SWIFT payments with wrong first name still go through?

I'm supposed to receive a payment from another country, yet when I provided the details, I confused the card with my husband's meaning the card holder firstname is wrong. Do such payments still get ...
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1answer
51 views

Solution for sending international wires to international business customers on a monthly basis? [closed]

First part of my question is: How do US online booking agencies send money to thousands of hotels worldwide on a monthly basis when outgoing international wire transfers cost about $40 per transfer? ...
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1answer
556 views

Can I send USD from US to Savings Account in Indian Bank

I have been in USA for the past 1.5 years (on H1B and currently not processing GC) and now I want to send a portion of my savings to a Bank in India (for example State Bank of India, HDFC). I have ...