Sending and receiving money internationally

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6
votes
1answer
451 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 ...
0
votes
1answer
20 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 ...
1
vote
1answer
105 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 ...
0
votes
0answers
31 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 ...
-1
votes
0answers
53 views

Consequences or questions when receiving large amounts from money from India to US

I would receive large amounts of money to my account here in US, what are the consequences/questions that i would face in this situation? Talking about the amount, lets just say it will be more than ...
0
votes
0answers
45 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 ...
1
vote
1answer
121 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 ...
2
votes
1answer
203 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 ...
0
votes
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"?
1
vote
1answer
45 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 ?
1
vote
1answer
42 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 ...
5
votes
3answers
6k 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
vote
2answers
97 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 ...
0
votes
0answers
84 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 ...
1
vote
1answer
244 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 ...
3
votes
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 ...
1
vote
0answers
46 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 ...
3
votes
2answers
983 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 ...
0
votes
1answer
79 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 ...
-1
votes
1answer
101 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 ...
3
votes
1answer
285 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 ...
8
votes
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 ...
2
votes
2answers
10k 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 ...
1
vote
2answers
296 views

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

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 ...
1
vote
1answer
54 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 ...
1
vote
1answer
407 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 ...
0
votes
1answer
47 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? ...
2
votes
1answer
298 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 ...
6
votes
3answers
94 views

HSBC - Can I make international transfer in my account's currency

I was receiving payment from UK-based company. I asked them to send me money to my account overseas (not based in UK, but it's in GBP). Unfortunately, they've sent me EUR instead of GBP (despite the ...
1
vote
2answers
8k 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 ...
10
votes
2answers
79k views

Are BIC and SWIFT code the same things?

I'm helping a friend with submitting an expenses claim to a US organisation we're both involved with. As the money is coming from a US bank, we can't just give them an IBAN and a BIC and be done with ...
0
votes
0answers
27 views

Is there a cheaper way to get money from a Chinese bank account to an Australian bank account than using the bank's SWIFT service?

My friend has arrived in Australia from China to stay for a year on a working holiday visa. He wants to transfer some of his money from his Chinese bank. If it makes a difference, on the China side ...
1
vote
1answer
90 views

What is the step-by-step process of transferring money from India to the UK?

I am a UK national and looking to buy my first property here. My father lives in India wants to help me with the initial deposit. From what I have been reading in some forums, I am not clear with the ...
7
votes
3answers
329 views

What is the cheapest way to move money from the United States to Canada? [duplicate]

I live and work in the United States but I have several loans in Canada that I need to pay on a regular basis, so I'm constantly moving money to Canada. Right now, I have an American Royal Bank ...
1
vote
1answer
107 views

My payment has been voided by the merchants but money wont show up on my credit card

I ordered something from the internet and payed thru credit card. But my order has been canceled and they promised to refund me the payment I made. They say the have only authorized the payment but ...
2
votes
3answers
554 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 ...
2
votes
1answer
122 views

Is there a service in US that allows to make payment on my behalf

I got parking ticket in Washington and having hard time paying it, I have left the States since. Is there a online service in US that allows to make payment on my behalf, that I could use to pay this ...
1
vote
1answer
106 views

How to transfer money more cheaply from Hong Kong to Canada, without HSBC? [closed]

I live in Toronto, Canada. About every 2 months, with HSBC's "Global Transfers" tool, I used to send myself money from my HSBC account in Hong Kong to my HSBC account in Canada. Because I now need ...
4
votes
1answer
129 views

How do I find the best exchange rate to convert 1 million Swedish krona into Euros? [closed]

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? ...
3
votes
1answer
76 views

How do I best time my currency conversions between Australia, New Zealand, and Great Britain?

I have over AU$20,000 in savings in an Australian bank account, currently earning me 1.75%. I am now living in NZ where my savings account earns 3.75%. In about a year I will be transferring the ...
3
votes
1answer
184 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?
10
votes
5answers
2k views

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

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 ...
1
vote
2answers
172 views

Currency conversion from US Citi Prepaid

I've got some money sent to me from US on a Citi Prepaid card. (Payment from Google for Google Summer of Code 2012.) However, I live in Croatia, and the withdrawal fees ($3 per withdrawal, 3% for ...
1
vote
1answer
104 views

How long do wire transfers take?

I have a client in Ireland. She deposited the money on a Thursday afternoon. We are on Monday today and the ammount has not been credited to my account. How long do these transfers take? I am a ...
1
vote
1answer
4k views

Economic way to transfer money from China to U.S.?

I am a student in U.S.. My family in China would like to send me some money (about $30k) to me by the end of this year, which can be done by single time or several times if necessary. Is there any ...
-1
votes
1answer
131 views

How does one transfer funds between a French bank account and a US bank account?

Say Person 1 has a French bank account, and Person 2 has a U.S. bank account. Person 1 wants to send funds to Person 2. Person 1 can add a new person to their list of beneficiaries, but the French ...
0
votes
1answer
102 views

How do I understand this wire instruction?

Choicebank requires all money to go to an intermediary bank http://www.choicebankltd.com/file/2015/09/Wire-Instructions-NCB-09032015.pdf Their instruction is VERY CONFUSING What is field 56a field ...
4
votes
1answer
497 views

Transfer money from “inherited” land sold outside US to the US without income tax?

After my parents' death in my originating country, my family was made aware that their co-owned piece of land was always in our names, not out parents'. We recently sold this piece of land as a group ...
15
votes
9answers
22k views

How can I avoid international wire fees or currency transfer fees?

I'm paid by an American company, but travel to France frequently and need to have a French bank account for various reasons. So far the cheapest procedure I've found to transfer money is withdraw ...
2
votes
2answers
780 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). ...