Transferring money electronically between accounts.

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4
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1answer
173 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
389 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
1k 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.
0
votes
1answer
597 views

can I buy moneypak card on someone else's behalf?

What all information is needed when you buy a greendot moneypak prepaid card at Walmart in the US. Can I buy it for a friend using cash (not a credit card or something) and just give her all the card ...
3
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2answers
93 views

Recurring Electronic Personal Payment Service?

Is there a service available that allows automated recurring payments for personal transactions? I have used paypal for one time transfers to friends, but would like to be able to set up a weekly or ...
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 ...
8
votes
6answers
994 views

How can my friend send $3K to me without using Paypal?

My friend is a paraplegic. He can't go to the bank and wire the money. He used to send money from our partnership via paypal. Now I am banned from paypal. What's the alternative? Google checkout? I ...
1
vote
1answer
189 views

When can a financial institution be able to initiate money transfer to and from another?

I have an individual account with Fidelity.com and a checking account with a federal credit union. I found that when I login my Fidelity online account, I can specify to transfer money from or to my ...
8
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5answers
16k 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 ...
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2answers
271 views

Is it important that I check the correct “Account type” box for direct deposit/withdrawls?

On tax returns and direct deposit forms you fill out your bank's routing number, your account number, then tick a box for checking or savings. How important is checking the right box, however? At my ...
9
votes
3answers
16k views

How does a big lottery winner cash his huge check risk-free?

You've just won $20 million in the lottery. Until you figure out what do do with the cash, you want to move it to the safest place you know: US Treasury account(s). But the lottery (per the ...
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vote
3answers
9k views

Deposit money to credit card

Let's say I know a credit card number and the card doesn't belong to me, can I deposit money on that credit card? The receiver will not object getting extra money. But is this possible and how you do ...
3
votes
2answers
1k views

What is the best way to save money from inflation and currency devaluation?

I live in one of the poorest and corrupt countries in Asia. The government is incompetent and laws only apply to the poor. The economy is shrinking and currency is going through constant devaluation ...
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vote
2answers
735 views

What are possible ways to transfer money from India to other countries and getting transferred from other countries to India?

Lets assume I want to send huge amount of money (in millions) from India to other country say United States and vice-versa and to be specific transferring online.
4
votes
2answers
195 views

Money transfer to the U.K

Has anyone used a peer-to-peer option for sending money abroad? I pay a mortgage in the U.K. and am looking at the likes of CurrencyFair or Transferwise to exchange my Euro. Are there any hidden ...
2
votes
1answer
349 views

Why are for-a-fee wires faster than 2+ day free ACH

My understanding was that any bank-to-bank transfer (be domestic or international) has to go through the Federal Reserve (why does a private institution have to be privy to all transactions?), and it ...
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vote
2answers
54k views

How do I send money from account to account using an ATM, within India?

I would like to know how to transfer money from an account to another account, using an ATM within India, which banks allow to transfer money. If we cannot transfer money from account to account in ...
7
votes
1answer
2k views

Receiving money from friend: PayPal?

I made some hotel + travel arrangements through the Net, and a friend needs to pay me back. We both have PayPal accounts, but I've never used it to receive money. So far, I only used PayPal to send ...
2
votes
1answer
2k views

How to send money from europe to usa EUR - USD?

What's the best way for transferring money from Europe to the USA and vice-versa? With best I mean lowest fees and a good exchange rate. To the best of my knowledge banks are usually bad with both. I ...
5
votes
1answer
5k 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 ...
7
votes
1answer
5k views

Why doesn't Bank of America or Wells Fargo have free ACH push or pull funds transfer?

Using my credit union's account I can do free ACH push or pull from both of my Bank of America or Wells Fargo checking accounts. However, I was wondering why doesn't Bank of America or Wells Fargo ...
9
votes
3answers
276 views

Does that mean I'm fooling the US gov?

I'm a foreign student studying in the US. Soon, I'm a launching a website where an American ad agency will handle posting the ads on it from American advertisers and the revenues are supposed to go to ...
3
votes
1answer
684 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 ...
4
votes
3answers
312 views

Is it safe to accept money in the mail?

I currently run a website that sells site currency users can purchase with PayPal. The currency they purchase is for on-site items and not physical goods. However, I've had some users request a way to ...
3
votes
1answer
361 views

When traveling in Southeast Asia, what is the best bank and card to use?

I am going to travel to Asia, to Thailand and Indonesia among other countries (yet undecided). I am traveling from Denmark and have a Danish bank account - but also a Swedish one since I'm originally ...
2
votes
3answers
4k views

How to send money from my Indian bank account/debit card to my PayPal account?

I have a verified PayPal account which I'm using for the last 3-4 yrs. I want to buy a book from a web site, but PayPal is the only option listed for payment. I have money in my bank account, but I ...
6
votes
1answer
602 views

What is the usual delay for a SEPA transaction?

I wired some money from France to someone having an account in Germany, using a SEPA (Single Euro Payments Area) My bank acknowledged the transfer, and the person is telling me his didn't. He is ...
6
votes
2answers
1k views

How does a bank transfer money to another bank?

In a fiat currency if I do an electronic transfer for US$200,000 from say a Bank of America current account to Citibank how do the banks account for/handle the transfer? Are we just relying on trust ...
8
votes
3answers
2k views

What is the best way of transferring money from American to Canadian bank?

I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in ...
2
votes
2answers
152 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?
10
votes
4answers
1k views

What are cheap ways to accept small amounts of money (micropayments) on my web site?

I need to receive money from users from my webpage. They will only pay very small amounts, i.e. $1 max, but the total will probably go up to $10,000.00. What is the best way to receive this money ...
12
votes
2answers
8k views

Why is there a limit of 6 ACH transfers out of savings accounts (per month)?

I recently discovered this limit the hard way, after being charged a fee for each transfer over the limit. With online banking becoming so prevalent, this is a huge inconvenience as it prevents people ...
7
votes
4answers
12k views

How to do an international money transfer of a large sum of money to the U.S.?

I may need to transfer a substantial sum of money (worth more than 10K in US dollars) from Israel to US. With this, I have these questions questions: I know IRS is notified on any large transfers. ...
5
votes
1answer
811 views

Sending money from Canada to the US

I want to transfer money to an American bank account, but I am in Canada. What is the cheapest way to do so? MetaFilter has: USPS mail order - $700 limit, $4 charge Vanilla wire transfer (My bank ...
9
votes
3answers
5k views

Is transferring money in multiple small transactions dangerous?

I've got a transfer limit of 1k on my account at a bank. At one point in time, I wanted to transfer a larger sum (upper 4 digit range) from this account to another account at a different bank. To work ...
3
votes
1answer
664 views

Is it possible to transfer some money from my visa card to my amazon account to buy with them later?

I have few dollars in my visa card and it will expire soon, Is it possible to transfer these dollars to my amazon account and save them there to be able to buy with them later from amazon?
4
votes
1answer
163 views

Common practice of holding payment funds on checking account?

I was about to make a payment the other day to an new loan account and was going to authorize a direct bank account transfer. There was a notice that the company would perform the charge twice on the ...
4
votes
2answers
4k views

What is the best way to transfer money between banks? [US]

So this question is mainly directed to the day to day transactions between accounts of different banks. More specifically I would like to know what (if any) 3rd party you use such as (pay-pal) to ...