Transferring money electronically between accounts.

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4
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2answers
441 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 ...
8
votes
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. ...
0
votes
0answers
29 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 ...
0
votes
0answers
26 views

Indian citizen remittance to Dubai for girlfriend [closed]

I need to send some Indian money to my girlfriend in Dubai. It a small amount, about 1000 aed or approx 18.2 Indian rupee. We're not get married yet, I just want to send her a gift. Most payment ...
0
votes
2answers
94 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 ...
0
votes
1answer
56 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 ...
0
votes
1answer
48 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 ...
0
votes
1answer
43 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
votes
2answers
177 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 ...
0
votes
1answer
42 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, ...
0
votes
1answer
31 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, ...
1
vote
0answers
57 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 ...
25
votes
5answers
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. ...
1
vote
3answers
91 views

Exchanging GBP to EUR

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
votes
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 ...
1
vote
1answer
125 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?
1
vote
3answers
161 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 ...
0
votes
1answer
49 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 ...
1
vote
1answer
47 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 ...
0
votes
0answers
51 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. ...
1
vote
0answers
44 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?
0
votes
1answer
115 views

Transfer funds from Scotiabank to US account at Bank of America

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
votes
1answer
150 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 ...
1
vote
0answers
52 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
votes
1answer
122 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. ...
1
vote
1answer
52 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.
0
votes
0answers
15 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
votes
1answer
362 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 ...
0
votes
2answers
107 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
votes
1answer
202 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. ...
1
vote
1answer
166 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 ...
-2
votes
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
votes
3answers
238 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
vote
1answer
103 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
votes
1answer
133 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 ...
0
votes
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 ...
1
vote
2answers
256 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 ...
-2
votes
4answers
326 views

Transfer from Amex Credit card to BofA debit card [closed]

Note: before seeing "extra" information as noise, note that users have requested more details. Question: How can my father send money from his American Express Credit card to my Bank Of America Debit ...
1
vote
1answer
176 views

Monthly money transfers from US to Puerto Rico

I would like to set up a monthly transfer of money (same amount every month) from my bank account (in the [mainland] US) to my parents' (in Puerto Rico). I was surprised to learn from the person I ...
1
vote
0answers
106 views

Why does PayPal rely on bank card to send money to friend instead of using my bank account?

My PayPal account is linked to my bank account and the Mastercard that's linked to it. Both are verified and work fine when I use PayPal to purchase goods from the Net. Last night, I wanted to pay ...
3
votes
2answers
153 views

Sending money to India from the United States

I am a student in the United States and I have taken an education loan back in India. My parents sent me money taken from the education loan for my tuition fees and expenses which I don't need now. ...
1
vote
2answers
74 views

Card to card transactions

I have seen that some companies can send you money to your credit card. What type of transaction is it? I guess it is not wire transfer. And can this be achieved from your local bank? ( I live in ...
3
votes
1answer
107 views

Is it possible to transfer money overseas as a surprise?

I want to send a small monetary surprise gift to my friend overseas. But I don't want my friend to be able to know that I am in the U.S.; I don't want my friend to know where I am right now. Is ...
2
votes
1answer
359 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 ...
3
votes
1answer
121 views

Transfer money from China to India

I came to China on 09th September, 2015. My work permit is valid upto 15th September, 2016. I get my salary after tax-deduction as per taxation in China. My question is how can I send money to my ...
3
votes
1answer
69 views

Transferring money to India from UK?

I am a Indian Resident and moved to UK for company assignment for short period. In UK, Company giving me some amount for my expense on which i am not paying any tax. I am managing to save some money. ...
1
vote
2answers
97 views

Do numbers in an account number represent anything?

For example Is it possible to understand what the currency of an account is from the account number. Is there a global standard for this or all banks have their own ?
3
votes
3answers
394 views

How can I set up a recurring payment to an individual (avoiding fees)?

What methods are there for me to transfer X dollars per month, directly to another individual's bank account? I'd rather avoid sending a check every month and the attendant hassle when a check goes ...
1
vote
1answer
175 views

I want to exchange UK Pound for Indian Rupee [closed]

I have a friend in London, recently he has sent a parcel for me including some pound (England Currency ) in that parcel, now how can I exchange it into Indian Rupee ??
1
vote
0answers
136 views

Wire transfer incomplete

My aunt transferred $10,000USD from a bank in Romania to her USD account in Canada. However, after the transfer was completed, only $9,600 showed up in her account! She checked with both banks ...