Sending and receiving money internationally

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15
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6answers
14k views

US bank w/ free online incoming/outgoing international wire transfers, no monthly charges, online application [closed]

What US banks let me do the following: % Send and receive international wire transfers for free % Send wire transfers online % Pay no monthly fees % (optional) Apply for an account online. ...
13
votes
7answers
9k 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 ...
9
votes
4answers
1k 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 ...
9
votes
5answers
7k 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 ...
8
votes
5answers
14k views

Transfer money from Canadian bank account to US bank account while living in the US

I'm Canadian and I will be doing graduate study in the US, but I will have scholarship money deposited in my Canadian bank account (it has to be done like that, and no, they won't send checks). So I ...
7
votes
3answers
269 views

Is it safe to give someone the following information?

An organization outside of the USA (I'm in the USA) is going to wire money into my bank account and has asked for the following information: Bank Name Bank Address Bank City/State Bank Zipcode Bank ...
7
votes
2answers
1k views

International transfer to bank account via 'routing bank'

I am currently trying to transfer payment to a Tanzanian tour company for an upcoming trip. The details they have given me for the transfer include the details of 2 banks. The Standard Chartered Bank, ...
7
votes
1answer
371 views

Most cost effective way to regularly transfer funds from the US to the UK?

I've recently moved to the US, but I still own a house and a car in the UK so I need to make regular transfers from the US to the UK in order to pay my UK mortgage. Admittedly I've left it a little ...
6
votes
4answers
1k 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 ...
6
votes
4answers
660 views

How do companies like paypal work with international customers?

I am just curious. In US there is this thing called ACH. But that requires a routing number and banks in Indonesia do not have a routing number. So how does paypal do it? ACH? Transfer?
6
votes
1answer
218 views

Transferring large sums of money overseas

When transferring the past few years of savings from working overseas (over £25,000) to my account in the UK. This is my savings from income I received over the past several years while working ...
5
votes
1answer
742 views

Do I have to pay taxes on money sent to me in the US by wire transfer from another country?

I have a green card and I live in the US. I'm starting to do business with people in Vietnam, and they transfer money to my checking account using wire transfers from banks in Hong Kong or Cambodia. ...
5
votes
2answers
30k 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 ...
5
votes
1answer
4k views

Is Chase alone in restricting how much I can wire transfer, or do other banks also limit like this?

My Chase account requires that the amount I wire (either international or domestic) should have been in my account for at least 10 days. Is this a requirement for all the banks or only for Chase? Why ...
5
votes
1answer
747 views

What happens with an international transfer in a different currency than my own?

My customers are in Germany and I told them to pay the money for me using a bank transfer. I gave them the swift code and the IBAN and other information, but the problem is that I forgot to tell ...
5
votes
1answer
1k views

Transfer money from US (“prepaid”) VISA Debit to AU bank account

I have a Citi prepaid VISA Debit card (these kind of cards) that has been issued in the US. I live in Australia, and would like to move money off of the card into my bank account. For reference, the ...
4
votes
2answers
6k 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 ...
4
votes
3answers
168 views

Sending regular small amounts of money from Canada to UK

I live in Canada, a relative of mine lives in the U.K. I would like to know the best option for sending small amounts of money approximately once a month. I'm thinking most likely $100 to $300, but ...
4
votes
1answer
160 views

Feedback regarding online services of credit unions like Alliant

I am considering opening an online account that I can operate over the internet with a CU. Would it be possible given that I am a international student on a F1 Visa in the US and not a US Citizen or ...
4
votes
3answers
427 views

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

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 ...
4
votes
1answer
939 views

Do charges made accidentally to the wrong name still get processed?

I have an online shop where I use a payment gateway to process credit card payment. When requesting the payment, I entered my company name in the "Bank Account Holder Name" instead of my personal ...
3
votes
2answers
108 views

Enable a select group of people to claim a flexible portion of a fixed amount of money anonymously?

This is a bit of an unusual question, so I'll explain: My girlfriend and I are getting married next year. I'm German, she's American, and the wedding will happen in the U.S. Most of the people that ...
3
votes
2answers
2k views

Can wire transfers be reversed? Is there a law or regulation providing for it?

Can wire transfers be reversed? Is this codified into United States or International regulation/law anywhere?
3
votes
1answer
146 views

Is there a law requiring that some amount be held when sending money out of the US?

Is there a law to be implemented January of 2014 that will hold a % of the money you can send out of the US and will there be a limit on the amount you can send out of the US?
3
votes
1answer
3k 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 ...
3
votes
1answer
631 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 ...
3
votes
1answer
46 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
5k 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 ...
2
votes
4answers
537 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
415 views

ACH data for Deutsche Bank, Germany?

For an international ACH transfer as part of the e-gold claims process, I need to specify in an online form: Financial Institution Name Financial Institution Address Financial Institution City ...
2
votes
2answers
80 views

Conversion of House Sale Proceeds in INR to USD or CDN$ for transfer to Canada

I am a Canadian Resident that just sold my house in India and I understand I can repatriate the proceeds in INR converting to US$ or CDN$ in my NRE account and then move it to my Canadian Bank. Which ...
2
votes
1answer
618 views

Transfering money to personel saving account in India

I am currently residing in Qatar since 2 years. I am transferring my salary from Qatar to my personal Indian savings bank account. The amount I used to transfer is used for general expenses. Do I ...
2
votes
1answer
86 views

How to sell a ring to someone in another country?

I want to sell a ring worth more than 10 000 euros. There is a one guy in France who is interested. I told him I am not in France yet, but will be there probably the next month. He said he is about to ...
2
votes
1answer
77 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 ...
2
votes
1answer
774 views

How does remittance work? How does it differ from direct money transfer?

I have a bank account in Germany in which I receive my salary in Euros. I want to deposit a part of it in my Indian bank account for personal savings. My Indian bank account is in INR. As I see it, I ...
2
votes
1answer
70 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
1k 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 ...
2
votes
1answer
352 views

Overseas fund transfer by certified check

I work as a freelance web developer/designer residing in India. Recently I finalized a deal with a client in Jacksonville, FL for a web design contract which involves a weekly payment. The problem is ...
2
votes
2answers
3k 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 ...
2
votes
1answer
219 views

What are some good ways to get paid if you're an American working remotely for a Canadian company?

What are some good ways to receive payment if you are an American contractor working remotely for a Canadian company? The criteria would be to have a) the least percentage of the payment reduced to ...
2
votes
1answer
55 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 ...
2
votes
2answers
125 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 ...
2
votes
1answer
514 views

How To Transfer Money Online So The Other Person In Another Country Receives It In Cash?

We all are familiar with famous international money transfer service - Western Union. Most use their locally available branches in their country to send money so the other person receives money in ...
2
votes
2answers
151 views

Are there good ways for an Indian company to wire money to an individual in Mainland China?

Are there good ways for an Indian company to wire money to an individual in Mainland China?
2
votes
1answer
44 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. ...
1
vote
2answers
57 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 ...
1
vote
2answers
304 views

Business partner says a wire transfer is being “reviewed” by Homeland Security. Is this normal?

My husband has done some consulting for a company outside America. He was told that the company had wired his payment to his U.S. However, his partner told him that the money had "arrived" - but all ...
1
vote
2answers
74 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 ...
1
vote
1answer
165 views

Transferring money to Indian private bank

I work for a friend overseas who want to pay me through SKRILL (MONEYBOOKERS - PAYPAL like service) in USD. I would have my Moneybookers account linked to my Savings Bank Account in a private indian ...
1
vote
2answers
49 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?