Transferring money electronically between accounts.

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1answer
76 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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1answer
16 views

Can I send money from my VCC to PayPal?

I don't have a bank account due to several (personal) reasons, and I can't open one, but in some way (with help of my mobile service provider) I can have as many Virtual Credit Cards as I want. Those ...
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0answers
23 views

F1 Visa Limit Transaction

I am a doctoral student living in Illinois on F1 visa. I get dollar money as stipend from my university and also TA (teaching assistant) and RA (research assistant) payments. Is there legal limit on ...
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0answers
25 views

How to receive money in Canada from a US customer? [closed]

I am in Canada and I am selling a service (intangible item) to a customer from the US. I have been advised against using PayPal for selling services (virtual, intangible items) because their Seller ...
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2answers
41 views

What is a term to describe when a percentage of the amount of money paid is taken away from the goods given?

I have a system, where a 2% "charge" (for want of a better term) applies to all transactions. Users can pay $100, and then they will top up for 98% of that amount (top up for $98). I was thinking of ...
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1answer
61 views

Lend money from a friend in US

I want to take some money from my friend in US. It's about 500,000 Rupees. Approx 7500 USD. I will return it in a week or so. Will both these transactions be taxed ?
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1answer
60 views

Is it possible to send money from India to USA using Paypal?

I want to send $500 to a friend based in USA. But after searching on internet I was able to find that we could not send money to USA but on some websites I found we could send the money. Does anybody ...
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0answers
27 views

What is “SEPA-Direct Debit Bulk Core”?

I just noticed that on my German bank account, I received around 15€. Under the transaction description, it only says SEPA-Direct Debit Bulk Core. Normally, the transaction descriptions for interest ...
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1answer
71 views

Is sending money from abroad (p2p) banned in India?

I was looking at Paypal wikipedia entry and came across this https://rbi.org.in/scripts/NotificationUser.aspx?Id=5216&Mode=0 Am I reading/understanding this wrong ? This facility shall be ...
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1answer
70 views

NRE to NRO or Saving Account Transfer

I am NRI staying in USA and I am planning to take a Home loan in India.To process the loan, I am being asked to open NRE and NRO accounts. I know few details about these accounts. NRE - Deposit only ...
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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 ...
5
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3answers
458 views

Money transfer via western union

I met someone online three weeks ago. Supposedly an electrical engineer from Miami. Went to Lagos for one week to do an electrical job. Now is in Dubai to sign contract on another electrical job. ...
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4answers
212 views

Is this follow-up after a car crash a potential scam?

A few nights ago I had an accident with another car. I hit their bumper bar, put about a tennis ball size dent. No damage was done to my car. I didn't tell them that I had insurance. Just putting ...
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1answer
54 views

Using bank wire transfers

Will any bank reports have to be filed if I send more than $10,000 in my bank account by a wire transaction to another bank account in my name in the USA?
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7answers
4k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
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2answers
2k views

Money sent to loan account after it has been paid off and closed

For the last few months I have been paying off a loan via automatic payments from my current account that transfer over automatically each month. The loan got paid off and the bank closed the account. ...
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0answers
50 views

How do I send money to myself from SA to India without high bank fees.

I would be going to South AFrica in a few days for an IT open-source conference. At the end of the conference, I will be reimbursed my flight tickets as I'm volunteering at the conference. The ...
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2answers
107 views

Sending money to a person with no ID proof

I'm trying to send money overseas to a friend in need who is overly concerned about their privacy and who had their wallet with ID stolen. The friend is a resident of the EU. What options exist in ...
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1answer
75 views

How long does it take for money to transfer into a mastercard?

I have a Sparkasse bank account(Germany) And I have a MasterCard too. And I am able to link both of them on the website, and I'm also able to transfer money from my bank account into my credit card(...
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1answer
55 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
103 views

Which US-based financial institutions offer Visa Direct? [closed]

Visa Direct (also see here) seems to be a means of transferring money (almost instantly) to another Visa card. Which banks support this service? I use several major and popular banks, and none of ...
4
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2answers
191 views

Bank transfer not allowed for “cash account”

I've recently reloacated to UK and opened a bank account to deposit my paychecks. As I didn't have a credit history, the bank allowed me to open a (what they call) "cash account". Now, given that I ...
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1answer
71 views

Moving money into Fifth Third checking account through Access 360 card

My account was one of those compromised a bit back, and as a result Fifth Third cancelled my card and gave me a prepaid Access 360 card. Due to some mail complications I never received my new card, ...
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1answer
55 views

large recurring transfers of to India from US and/or taking Indian mortgage

I am a US citizen and have lived in America my entire life. My wife is an Indian citizen is in the US on a Greencard (K1/fiancee visa) for the last few years. Before marriage, when she was in India, ...
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0answers
80 views

Does government track wu transfer?

I have been sending money to my family back in China over year now and probably sent 25000. But last week I was trying to send it through wu agian and they put it on hold and decline saying it ...
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7answers
6k views

What risks are there acting as a broker between PayPal and electronic bank transfers?

I have a company offering a position as a transaction representative, they're located in Poland and say they can't take direct payments or use Paypal due to "money amount limits" on Paypal there. ...
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3answers
113 views

Exchanging GBP to EUR [on hold]

I am 21, live in UK, and have an unwanted property in Spain which I am paying a mortgage on. Sadly I cannot sell the property. Roughly every year I exchange into Euros over £10,000 for the mortgage, ...
0
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1answer
24 views

Looking for cheap international bank to bank transfer in USD [closed]

I would like to transfer money from US bank account to a foreign (Poland) USD bank account. So no currency exchange involved. It seems that most services assume the currency exchange. The sites of the ...
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1answer
135 views

What are the taxes in India on a transfer of a huge amount like US$10,500,000?

If someone transferred a huge amount into my SBI bank account, what taxes do I have to pay to the government of India?
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3answers
242 views

Why do transfers between your own accounts WITHIN the same bank take a business day to clear?

Why is it that when you e.g. transfer money between your savings and checking account at a bank in the U.S. (say Bank of America), it takes a business day for the transaction to clear? I understand ...
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1answer
52 views

Advice on money transfer business

Some of friends at Bangladesh work with clients from USA, and they often face problems in getting paid. They are suggesting a business plan to me. I would create a Xoom/Paypal account. It will be ...
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1answer
70 views

Money transfer from UK to Indian bank account?

One of my friend is sending 100000 pounds to India, I have a bank account with Canara Bank here in India. He is asking for RIB and IBAN and I am not aware of it. Kindly tell me how to find this or ...
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0answers
63 views

Sending money from India to USA (INR to USD)

I am an independent researcher from India and want to publish my dissertation in a US based publishing organization.The cost for publication is US$ 25, which they accept only via money order or check. ...
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0answers
45 views

Do I need to pay tax in USA for money remitted

I am planning to transfer money from India to USA. Do I need to pay tax in USA for the money inwardly remitted. If yes, what is the percentage rate?
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1answer
261 views

Transfer funds from Scotiabank to US account at Bank of America [on hold]

What is the best way to transfer a large sum of money from my checking account at scotiabank to my new account at Bank of America?
0
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1answer
292 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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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 ...
2
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1answer
136 views

To transfer money between banks, is it better to withdraw or deposit?

If I'm transferring money from Bank A to Bank B, I have multiple options: Tell Bank A to deposit the money into my account in Bank B. Tell Bank B to withdraw the money from my account in Bank A. ...
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1answer
73 views

How can I send money to someone from India to Pakistan?

I've one friend in Pakistan who did freelance work on a website project. So, I have to pay him for it. But unable to find any gateway.
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0answers
16 views

Transferring money from Canada to US [duplicate]

I am a green card holder since August 2015. I was working in Toronto, Canada till March 2015 and I have around 30K USD in my Canadian account. All taxes for the amount have been paid in Canada. Will ...
3
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1answer
492 views

Transferring money from the Philippines to the USA?

I would like to bring in $150,000 from my bank in the Philippines to another bank here in the US. This money is from a lot I sold which was given to me (under my name) by my dad who has already passed ...
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2answers
166 views

Can I receive a small amount of money (<5$) without pan card on PayPal in India?

I am from India. I have a PayPal account with verified phone no. and email, but I don't have pan card / debit / credit card. So if someone sends money , can I receive that money without them? I don't ...
4
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1answer
212 views

Transferring 10K+ from one bank to another bank domestically

I would like to transfer some money from my checking account at Bank of America to my savings account at Wells Fargo. The $ amount exceeds 20K. I wonder if this will be a problem in terms of IRS. ...
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1answer
182 views

Why can't poor countries just print more money? [closed]

I know this is a really silly question that is really obvious, but what's stopping a country from just printing out a few more billion of their own currency and then using that money to buy goods from ...
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1answer
77 views

Monetary instrument written to two people which if uncashed is sent to third entity?

Is there a way this can be achieved? Such as a check written to "Person A or Person B" I want to send it to Person A in the hopes that Person A takes it or gives it to Person B. Whatever happens I ...
0
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3answers
313 views

Cheap alternative to wire transfer

I need to get money (usually ~$500) to another U.S. person with same-day access to the funds. (I already have a bill payment schedule but it doesn't account for this.) The fee should be <= $5 ...
1
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1answer
134 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 ...
4
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1answer
140 views

Sister-in-law sold property in another country and wants to send a large amount of money to me

My sister-in-law and her husband currently live in northern Iraq. Due to the current dangers in that country and the fact that they're Christian, they are finding it more and more difficult to live ...
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0answers
59 views

Access your money in US as if you are in Canada

What is a good option to have access to your Canadian Dollar savings while in US? Is there any Bank account type of service that allows you to receive in US the Canadian dollar that you have put into ...
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2answers
372 views

How does Wells Fargo can detect my right account if I have multiple accounts when I am transferring money?

I have 4 different bank accounts with 4 different banks. I wanted to transfer money from my account in Wells Fargo to my account in some other bank ONLINE. But I don't see any option to add my other ...