Transferring money electronically between accounts.

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0answers
16 views

How should one record/account for prepaid money transfer transactions? [on hold]

A platform I'm working on facilitates money transfer. Transactions in the platform need to be reflected in the books of accounts. We're using a standard double entry accounting tool. Customers ...
1
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1answer
56 views

How can we confirm if a telegraphic transfer has been credited to the beneficiary's account?

A while ago, I made a foreign telegraphic transfer from a bank account in Bank A to another bank account in Bank B. Bank A then sent me an 2 email; one confirming that they have received my FTT, and ...
0
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0answers
21 views

Can I transfer my RSU/ESPP shares money to a friend working in US?

I am an Indian citizen. I need to sell the ESPP and RSU shares granted for US company. I want to transfer the money to my friend's account, who is working in US but is an Indian citizen. He will in ...
1
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0answers
30 views

As a non-canadian resident can I get a mortgage loan in Canada?

I am willing to buy an apartment in Canada, where I'll be living for 5 years with a student visa (I am swiss). Can I get a mortgage loan in Canada although I am not Canadian neither permanent ...
6
votes
1answer
491 views

Best way to transfer abroad loan amount to Indian parents Savings Account

Can you pls advise: I am working in Dubai, and applied for a loan of 25Lakhs, I would like to use this funds to repay my personal loan (to relatives) and want to buy a land with left out money. I have ...
3
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1answer
130 views

What are the options for transfering money when moving to the US?

So I'm moving to the US in august porting a J-1 visa for a year long exchange program. I need to take money with me and currently, all I have is a Brazilian banking account and an international credit ...
1
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0answers
13 views

Best option for transferring Euros into Indian NRE account? [duplicate]

I have a bank account in EU in euros and want to remit some funds to my Indian NRE account. What is the most efficient way to remit the funds to my NRE account: Which methods give the best currency ...
2
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1answer
63 views

Reversing Electronic Transfer of Money

Suppose a friend sends me $500 through Chase Quickpay, and I accept it. The money goes into my account, and is available for further sending/withdrawal. Is it possible for Chase to reverse the ...
2
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1answer
181 views

I am an Indian citizen residing in the US on H-1B. Can I send my earnings to India to my regular Savings Bank Account?

I am in the US on H-1 B. I understand NRE, NRO and FCNR accounts are available to the Non resident Indians. But can't I continue to use my regular Savings Bank Account for sending money to India? ...
1
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0answers
37 views

Canadian accepting money electronically from Americans

What are some methods I can receive money from someone in the States if Paypal is out of the question? I run a small electronic cigarette company, and I'm finding it hard to find an easy method to do ...
0
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0answers
45 views

Sort Code, Account Number, but no account name

I'm trying to pay money into an account. I have the Sort Code and Account Number, but no account name. I know the company that owns the account, but I'm sure they have MANY accounts. Can I put just ...
3
votes
1answer
628 views

$1147.99 lost on Entropay.com

I wanted to buy a laptop from http ://shop. lenovo .com but it turned out they were not accepting my card, so I went on to the website http ://ww w. entropay .com. This website, as it mentions, ...
1
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2answers
132 views

Is amount transferred by third party to savings account considered as income?

If my friend transfers (using Third Party Transfer or NEFT) some money to my savings account, does that amount count as my transfer income and do I have to pay tax on it?
0
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1answer
103 views

How does website like EatWith make a profit? [closed]

They provide a platform for people who can cook with people who would like to eat in a private home, the guests pay the host, currency is transacted through their payment system. But I still don't get ...
-1
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2answers
137 views

Funds haven't appeared in my account four days after initiating wire transfer from Arizona to California

On Monday evening, a relation of mine initiated a wire transfer to my Bank of America account from Arizona to California. It's almost four business days later and the funds still haven't credited to ...
1
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1answer
80 views

Are U.S. aliens international money transfers taxable?

I am U.S. alien by L1 visa. I have savings in a country of residence and going transfer them to U.S. bank account. Should I report them? Are money transers taxable? Who is authorized to give me ...
3
votes
4answers
176 views

What are some options for sending and receiving money electronically?

I occasionally sell items via Kijiji and Craigslist in Canada, and while cash is convenient sometimes it's easier to do electronic transfers, or even have the ability to accept credit card in person. ...
0
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2answers
426 views

How can I transfer the money I made in forex trading to my bank account?

I live in India and I have gained some money in forex trading. How can I transfer the money to my bank account? Is there any legal restriction? Can I transfer from Skrill?
1
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1answer
143 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 ...
2
votes
1answer
180 views

Getting paid as a Mexican independent contractor doing work for a U.S. company?

I have been offered a remote job for a serious but small U.S.-based company. I am Mexican and I won't move to the U.S. The company tells me that hiring me as an employee would be a big problem for ...
1
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1answer
58 views

What are the details needed to receive euros from my company in Germany to a bank account in India

I want to receive Euros from my company in Germany to my savings bank account (HDFC) in India where I work. What are the exact details I have to give to my company in Germany? My company's bank is ...
3
votes
1answer
116 views

Money transfer from US account to Indian saving account while in India

I was in US and came back to India. I want to transfer (using xoom/transfast) from my US account(that I have not closed) to Indian saving account. Is it illegal to transfer your money back from US ...
1
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1answer
571 views

Is it acceptable to receive payment from U.S. in Indian saving bank account via PayPal?

I'm working as a MyCommerce - RegNow affiliate. I promote software/desktop utilities of various software vendors associated with MyCommerce and they pay me some commission for each sale. MyCommerce ...
1
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2answers
123 views

How can I do a money transfer from Lebanon to India for payment on a consulting project?

I am an Indian citizen and hold a domestic account. I am doing a short term consulting project for a client in the Middle East and they will be paying me in $. The amount that will be transferred is ...
2
votes
1answer
76 views

What is safe to share for an international bank transfer?

I am selling a smartphone to the guy who lives in UK (or that is what he says.) For the money transfer he asks me these things. Name Bank Name Account Number Iban Swift Code Is it okay to give ...
2
votes
1answer
71 views

In Canada, how can I most easily/cheaply send money to a friend online?

I'm moving from Europe to Canada, and considering the high fees for wire transfers (the default, instantaneous, cheap, online method I've always used so far), what is the most economical way to send a ...
2
votes
1answer
120 views

How to protect your checking account from unauthorized transfers?

I have been thinking about how unsafe a checking account is. Every time you give a check to someone, you are providing your routing number, your account number, your bank, and your name, so I really ...
3
votes
1answer
175 views

What's the difference between “direct credit” vs. “local wire transfer”?

Wikipedia states that the alternatives to cheques include "direct credit" and "wire transfer" among others. What is the difference between "direct credit" and "local wire transfer"? For example, ...
14
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2answers
2k views

Why is transferring money online to someone else's bank account so difficult in the U.S.?

I used to live in a poor, third world country (India) where I freely transferred money between my bank account (a savings account) to accounts held by my friends in different banks, and different ...
2
votes
2answers
260 views

Receive money from US Client to Myself in India by selling services

I have some clients in United States that I am doing some software development for them. How can I receive money from them. What are the exact legal steps that I need to take so this works perfectly? ...
1
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1answer
124 views

High frequency of Bank Transfers without Card Reader

I need to make a large number of bank transfers. At the moment I am doing each transfer manually through my online RBS account using a card reader. Due to this, each transfer is long and laborious. ...
5
votes
1answer
578 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 ...
1
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1answer
767 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 ...
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1answer
242 views

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

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 ...
3
votes
1answer
2k 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
1answer
605 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
2answers
2k views

Can Japanese banks receive payments via IBAN?

Can Japanese banks receive payments from outside Japan via IBAN? For instance, Japan Post Bank does not accept IBAN, so sending money to a Japan Post Bank account is very complicated. Is there no ...
4
votes
1answer
9k views

Tax implications in India for sending money to India from US

I am planning to transfer around $8K-10K in my parent's bank account(Joint bank a/c) in India . I have read a lot of posts(like Will I have to pay taxes in India when I transfer money from a US bank ...
2
votes
1answer
379 views

What is the maximum amount of money I can send from the US to India per year?

I heard that there is a limit on the amount I can send. Can someone shed light on this? Also, do I have to notify the IRS if I send above a certain amount? What is the amount?
1
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2answers
3k views

How can I pay a vendor using a wire transfer from my credit card?

How can I make a payment to a vendor that only accepts bank transfers from my credit card, paypal, money bookers, or a similar service? I'd like to do this completely online, without going to the ...
1
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1answer
112 views

Is it possible for a bank to initiate an incoming wire transfer?

I am looking at the application form of a bank. One part of the application is like: BANK TRANSFER ORDER Sir, Madam, Please execute the following request of fund transfer Then there ...
-2
votes
2answers
382 views

How mistake-proof is the process for receiving an ING Direct Canada email money transfer?

I want to send about $500 to a local charity. Some electronic-payment options include Vogogo (fee: usually $1.75), PayPal (fee: about 2%), or Interac e-Transfer (your bank sets the fee: between $0 ...
1
vote
1answer
1k views

How can my Canadian friend send me money in the United States?

I purchased some merchandise for a friend who lives in Canada. She wants to pay me for these items. What is the best way for her to do this?
1
vote
1answer
440 views

Will I have to pay taxes in India when I transfer money from a US bank to an Indian bank (Different a/c holders)?

I am based in US and plan to send money to India. A similar question addresses the issue when money is being transferred to my own NRE/NRO/FCNR account in India. I was wondering whether the tax ...
0
votes
3answers
596 views

How can my friend in the U.K. cheaply transfer money to me in Israel?

I have a friend who owe me ~600 GB pounds. I have asked him to pay me in USD. What is the cheapest way to transfer the money from UK to Israel? I have checked PayPal - 3.5% commission for ...
3
votes
1answer
1k views

Is there a U.K. prepaid card having SWIFT, BIC, or IBAN codes, for money transfer?

I'm located in the U.K. Does anyone know if pre-paid cards here, such as Visa prepaid cards, have a SWIFT or BIC or IBAN code, because they are not really a current account? For example, for the ...
2
votes
1answer
2k views

Transfer large amount of money from one Wells Fargo account to another

I'm helping my fiance pay off her student loans. We both have Wells Fargo accounts. What is the quickest and cheapest way to transfer a large amount, say $20K or more, to her account? I'd prefer to ...
4
votes
1answer
156 views

Do I have to pay the Internal Revenue Service in West Africa in order to transfer a government check from West Africa to a US bank account?

If you have a government check from West Africa and want to transfer the money to a United States bank, do you have to pay the Internal Revenue Service in West Africa before you can transfer you money ...
2
votes
1answer
285 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 ...
4
votes
1answer
806 views

What information do I give to my customers so they can pay me with PayPal?

If my customer want to pay me for their trip via PayPal, what do they have to know about my PayPal account? I already share my bank account in Thailand with PayPal.