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9
votes
3answers
2k views

Should I pay rent electronically?

I'm renting an apartment from an individual. The landlord and I discussed the possibility of paying rent electronically. My bank (BofA) has some kind of electronic payment option where I'd enter the ...
1
vote
1answer
28 views

What information do you need to provide for a domestic wire transfer?

I need to provide details to receive a domestic wire transfer to my US-based bank from another US-based bank. What details do I need to provide? This Yahoo! Answers questions suggests that the ...
2
votes
2answers
46 views

How different are exchange rates for major banks on a given day?

I'm based in the U.S., and have an overseas client that pays me via wire transfer. I understand that the incoming exchange rate used by a bank will always be lower than the rate quoted on Google, but ...
2
votes
1answer
27 views

Must banks in both countries be open for business in order for send a SWIFT/ international money wire?

If Bank A resides in a country where banks are open for business and Bank B resides in a country where it is either a weekend or a holiday, could Bank A still initiate a SWIFT transaction to send ...
-1
votes
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
vote
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 ...
0
votes
1answer
142 views

International wire transfer gone astray

Someone in another country has attempted a wire transfer to my account here in the UK. The wire transfer form, of which I have a copy, shows that my IBAN (international account number) is correct, and ...
1
vote
1answer
69 views

Is EUR/USD exchange rate usually unstable after a weekend?

Is it risky to initiate a wire transfer that includes currency conversion from USD to EUR during a weekend because of a volatile Mondays exchange rates?
1
vote
1answer
145 views

How to properly understand international wire transfers?

I am having a ridiculous time with international (inwards, to Australian account) wire transfers. They have about a 50% chance of succeeding, and I don't know who is being honest with me when things ...
5
votes
1answer
381 views

Why are wire transfers and other financial services in Canada so much more expensive than in Europe?

Why are wire transfers in Canada so expensive compared to Europe? The simple answer I've seen is because bankers are crooks, but I find that this oversimplifies the situation — I don't believe ...
3
votes
1answer
98 views

Receiving important daily wires from abroad?

I am an international student in Canada and I will be receiving frequent wire transfers from Europe (+10K). I was wondering if this will cause problems with my bank. The money is coming from a ...
4
votes
1answer
657 views

Do charges made accidentally to the wrong name still get processed?

I have an online shop where I use a payment gateway to process credit card payment. When requesting the payment, I entered my company name in the "Bank Account Holder Name" instead of my personal ...
1
vote
2answers
2k views

Do we need to provide correspondent bank information for wire transfers?

I have some bank accounts with international banks like SC/HSBC/Citi. Here is the template which they provide for international wire transfers. Is it necessary to provide Correspondent Bank ...
2
votes
1answer
334 views

Can I receive payments (EUROS) from my International clients in my savings bank account in India for my business services

I am starting a small international outbound sales campaign and will be selling my web development services. 100% payment will be received in Euros through wire transfers in a bank account or through ...
3
votes
2answers
1k views

Can wire transfers be reversed? Is there a law or regulation providing for it?

Can wire transfers be reversed? Is this codified into United States or International regulation/law anywhere?
1
vote
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 ...
5
votes
1answer
628 views

Do I have to pay taxes on money sent to me in the US by wire transfer from another country?

I have a green card and I live in the US. I'm starting to do business with people in Vietnam, and they transfer money to my checking account using wire transfers from banks in Hong Kong or Cambodia. ...
4
votes
1answer
1k views

How do banks prevent fraud in international wire transfers?

How does the international banking system prevent fraud in wire transfers? Specifically suppose a wire transfer from a bank in China to a bank in the United States is done. How does the bank in the ...
2
votes
1answer
195 views

When a merchant accepts bank wire transfers, how does the merchant know who has wired him the money?

When a merchant accepts bank wire transfers, how does the merchant know which customer wired him the money and how much money the customer paid? For example, when I'm funding payza.com, entropay.com ...
3
votes
1answer
121 views

FBAR semantical issue

From my understanding, the US Treasury's Foreign Bank Account Report (FBAR) is supposed to be filed if a US person - natural or artificial - holds over $10,000 in a foreign bank account at any point ...
5
votes
1answer
2k views

How do wire transfers get settled?

Say I open accounts on Bank A and Bank B. I deposit $20 in Back A. I then initiate a wire transfer to my account in Bank B. I drive over to Bank B and withdraw $20. Bank A now has $20 extra and Bank ...
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
2answers
6k views

Is there any US bank that does not charge for incoming wire transfers?

I use CurrencyFair to exchange currency between EUR and USD. I was surprised to see a $10 wire transfer fee at the end of the chain when CurrencyFair transfered from their BofA account to my BofA ...
1
vote
1answer
124 views

International Wire from Brazil to Puerto Rico

My husband has a side company that has its HQ in Puerto Rico. The company closed a contract in Brazil and was told they are wiring the funds to Puerto Rico. I was told that Homeland Security has the ...
13
votes
7answers
8k views

How can I avoid international wire fees or currency transfer fees?

I'm paid by an American company, but travel to France frequently and need to have a French bank account for various reasons. So far the cheapest procedure I've found to transfer money is withdraw ...
4
votes
2answers
5k views

What is a maximum amount that I can wire transfer out of US?

Say, I would like to buy a property in Thailand. The price is about $200,000. I might wire it to my Thailand's checking account. Just want to know is the limitation of wire transfer. Also, is there ...
0
votes
2answers
359 views

Do I have to pay a bank to release funds to my account or should they deduct what they need from the amount?

My girlfriend wants to transfer her inheritance of 1,000,000.00 from her bank in the United Kingdom to my account in the United States. Her bank says I need to send $9,600.00 to them; they said that ...
2
votes
4answers
3k views

Best bank without incoming wire transfer fees, for receiving money regularly? [duplicate]

I'm going to be receiving monthly wire transfers, and I found out that my bank (US Bank) charges $20 for each one. Are there any good banks that don't charge for incoming wire transfers?