Transferring money electronically between accounts.

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16 views

Income tax implications in India: sending money to ordinary OWN saving bank account

Could someone help on following: Please consider I am on work permit In EU and have not worked a single day in Inida in entire financial year Would I have to pay income tax other then TDS on ...
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0answers
72 views

About stamp scrip - Are they useful?

Today I was reading an article on the guardian and it more or less suggested the usage of stamp scrip. To my understanding stamp scrip is a piece of paper that has a nominal value in dollars, on ...
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1answer
62 views

How to send full loan amount to India from Saudi Arabia?

I work in Saudi Arabia, I took a loan here, nearly 10 lakhs Indian Rupees (1,000,000 Indian Rupees). My questions are: How to send the full loan amount from Saudi Arabia (money exchange), because ...
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2answers
65 views

Transfer of property proceeds from india to USA

I am a U.S. citizen currently in Hyderabad for the past 3 or 4 years. I am not working and have no income in India but have Social Security monthly pension in U.S. (below taxable limit in U.S.) and ...
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2answers
72 views

How is money transferred between banks? [closed]

Assume there are two separate banks, bank A and bank B. There are also two people: Person A, Person B. They accounts have the following balances: Person A: 400 Person B: 0.00 Person A in order to ...
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2answers
95 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 She withdrawn that money and used for personal commitments and bought one property.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 ...
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1answer
86 views

Tax on transfer of funds to USA

I m Indian citizen, living in a African country. How much tax liability will be there on transfer of funds to USA from this African country? Moving to USA is due to employment.
3
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1answer
187 views

What is a best way to take earned money from abroad to India?

I am a Indian citizen. I am going to work in UK for some years. I am looking a best way to send my earned money to india. the options are, 1) Saving the whole money in UK and get back all in a bulk, ...
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2answers
121 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?
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0answers
26 views

How safe are withdrawals made using checking account number and routing number? [USA] [duplicate]

I am new to the US banking system and it makes me wonder how easily third parties like xoom.com can withdraw money from your checking account with only the account number and routing number. I ...
2
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2answers
189 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 ...
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0answers
97 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 ...
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0answers
50 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 ...
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1answer
1k 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
395 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 ...
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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
197 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 ...
3
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1answer
445 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? ...
2
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1answer
78 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 ...
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1answer
118 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
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2answers
5k 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, ...
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2answers
303 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?
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1answer
216 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 ...
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4answers
229 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. ...
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2answers
1k 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?
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1answer
213 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 ...
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1answer
393 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 ...
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1answer
101 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
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1answer
211 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 ...
2
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1answer
1k 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 ...
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2answers
239 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
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1answer
97 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
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1answer
98 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
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1answer
198 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
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1answer
428 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, ...
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4answers
5k 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 ...
3
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2answers
532 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? ...
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1answer
141 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. ...
6
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1answer
1k 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 ...
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1answer
2k 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
389 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
5k 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
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1answer
1k 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
4k 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
16k 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
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1answer
574 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?
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3answers
6k 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
146 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 ...
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2answers
446 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
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1answer
2k views

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

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?