a mechanism to electronically transfer funds from one account to another account. Generally used to cross-border transfer, i.e. moving money between accounts located in 2 different countries.

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39 views

Solution for sending international wires to international business customers on a monthly basis? [closed]

First part of my question is: How do US online booking agencies send money to thousands of hotels worldwide on a monthly basis when outgoing international wire transfers cost about $40 per transfer? ...
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3answers
80 views

Where should I exchange INR to USD, in India or US?

I am Indian, permanent resident of the US. Years ago, I had loaned some money to my father in India and he now wants to pay it back to me. The amount is worth $300,000 and I am thinking of the best ...
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2answers
57 views

Money transfer to US from NRE account

I am planning to transfer money > 100k from my NRE account to my US checking account. The money in NRE account was transferred from USA account couple of years back. I am already paying tax in US ...
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1answer
85 views

My payment has been voided by the merchants but money wont show up on my credit card

I ordered something from the internet and payed thru credit card. But my order has been canceled and they promised to refund me the payment I made. They say the have only authorized the payment but ...
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2answers
67 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 ...
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1answer
81 views

How long do wire transfers take?

I have a client in Ireland. She deposited the money on a Thursday afternoon. We are on Monday today and the ammount has not been credited to my account. How long do these transfers take? I am a ...
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0answers
20 views

Online service to send a wire transfer in euros from Maldives

I have to send around 3000 euros for a study programme in europe. Right now, it's very difficult to get euros in Maldives but I have the equivalent value in US dollars. What would be the best way to ...
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1answer
85 views

How do I understand this wire instruction?

Choicebank requires all money to go to an intermediary bank http://www.choicebankltd.com/file/2015/09/Wire-Instructions-NCB-09032015.pdf Their instruction is VERY CONFUSING What is field 56a field ...
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1answer
81 views

How can I make a wire transfer as a credit card purchase?

I try to use a credit card for everything, to improve my credit score (as I moved to the US only last year). However, my landlord only accepts wire transfers. I know I can get money off my card and ...
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0answers
110 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 ...
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1answer
31 views

Tracking the status of payment

Is it possible to track the true status of a payment right through to crediting the beneficiary account? If i send a wire payment form my bank account to a beneficiary account at another bank, is it ...
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1answer
63 views

e-banking from oversea bank to the UK bank & IBAN code

I have paid my tuition fees with e-banking from my country to the UK. And I've filled in SWIFT code and the addressee’s name, address, and UK account number instead of IBAN code. This will be ...
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1answer
122 views

How does one transfer funds between a French bank account and a US bank account?

Say Person 1 has a French bank account, and Person 2 has a U.S. bank account. Person 1 wants to send funds to Person 2. Person 1 can add a new person to their list of beneficiaries, but the French ...
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1answer
176 views

Are there any US banks that allow you to make an international wire transfer online? [closed]

I am an expat and right now I have to get someone to physically go to the bank to make the transfer for me each time. It seems a bit ridiculous in this day and age of high tech and is a royal pain. ...
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1answer
208 views

Tax consequences of forwarding an international wire

I need to legally and quickly transfer $300,000 from China to my US bank account. All of the funds that I need to transfer were obtained through legal means (with proof documents), however China has ...
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0answers
81 views

Best way to transfer funds to US from a foreign country

I'm based in Singapore and I need to transfer about $60K to an US account. Since my account is denominated in foreign currency, currency conversion will be involved. I know it can be done through ...
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1answer
116 views

Gifted money invested without tax?

If I gift $10k to my parents (parents are indian citizens, so am I) in India, and they use it to invest. Will that investment be taxed in USA? Taxed in india if kept long term? Is this a tax loop-hole ...
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1answer
59 views

FBAR needed if I wire transfer in installments?

Lets say I want to send $24000 to my parents account in India from USA. I will first transfer in NRE account. Then move money from NRE into my parents account. If I send $8000 to NRE, move it into ...
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1answer
65 views

Filing FBAR if I wire transfer to my parents Account?

Do I need to file FBAR if I send $25000 to my fathers account in India?
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0answers
78 views

Multiple serious delays wiring money to the US from Singapore

I have encountered a number of difficulties wiring money to a relative studying in the US. I have used DBS Singapore, POSB and Maybank Singapore to wire money, but have encountered multiple delays ...
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2answers
546 views

Offshore Bank account with Online International Wire-transfer facility for Indians

I am freelancer having Indian nationality and residing in India. I own and operate Sub-Affiliate program of US based company. I have Bank accounts in India which operates in INR (Indian Currency). ...
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0answers
357 views

How much maximum money can transfer on regular base from USA to India?

I have 3 questions to avoid IRS penalty- I am on employment based visa in USA and want to send dollars from USA to India from my savings (after paying Tax). How much maximum dollars I can send in a ...
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0answers
312 views

How to transfer funds online from a Canadian CIBC account to RBC instantly?

I thought Interac transfer is instant but my mom wants to send me money from her CIBC account but she said it takes 2-3 business days? What method can be used to transfer from a CIBC checking to a ...
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2answers
1k views

International wire transfer without SWIFT code

My credit union (ENT FCU) claims no SWIFT code is required to receive funds with international wire transfer, just their routing number... I am not an expert but I thought SWIFT code is required for ...
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1answer
234 views

Do I need to file reports when transferring money to US?

I have saving account in the country of my citizenship. After moving to US and get permanent residency, I want to transfer money (> 10,000, after-taxed, not business or gift) from my saving account to ...
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1answer
4k views

What is the meaning of “advice confirms” in a bank statement?

I got some money transferred from a company in the USA to my UK bank (HSBC) account and I found that it is listed as "advice confirms" in the bank statement record online. What does this mean?
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1answer
367 views

Sending money to Russia for family back home

I have a family member that needs a medical operation back home in Russia, the total cost of which is 30k. I have heard that I can give 10k as a gift in cash for my aunt to take on the plane. For ...
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0answers
38 views

Why are checks preferred to wire transfers in the US? [duplicate]

When moving to the US from Switzerland, I have been surprised by the difference in banking systems. One point that interests me particularly is the use of checks vs wire transfers. In Switzerland, ...
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3answers
4k views

What Canadian account number format do European banks need for wire transfer instructions?

I am trying to transfer funds from my account in Europe to my account in Canada. On the sending (European) bank's transfer instruction form there is a field I need to fill-in in the beneficiary's ...
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2answers
960 views

Transfer money from foreign account to Indian bank account?

I wanted to know if it is advisable to transfer money from USA based accounts to an NRE or NRO account in India? Are any of them liable to tax in India or USA ? I am planning to use western union. ...
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0answers
145 views

What does it mean: 'Bank fees are a write off'?

...quite willing and ready to pay by paypal or by direct wire to a bank. Paypal just takes time getting used to your financial transactions, and as for banks, bank fees are a write off. ...
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1answer
171 views

What information is needed for a wire transfer?

I am used to wiring funds through SEPA by using IBAN and BIC codes. I just learned that these can't be used to electronically transfer money from the US to the EU. My bank provided me with 4 codes: ...
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1answer
176 views

Money transfer from US to Israel

My boyfriend from Israel was planning on moving to the states to live with me. He brought about $10,000 here last time he came. He is now back in Israel and we decided he was not going to move here. ...
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4answers
2k views

Cheapest way to wire or withdraw money from US account while living in Europe [closed]

I'm currently living overseas in Europe. I work as a consultant for a US based company which pays me US dollars deposited to my US bank account. It's getting to be pretty expensive when I withdraw ...
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2answers
431 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?
2
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1answer
291 views

How to receive dividend in INDIA

I have shares of City Union bank for more than a year. I have my trading account with HDFC Securities linked with my HDFC bank account. City union bank has announced dividend and I have not received ...
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3answers
3k 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 ...
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1answer
3k 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 ...
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2answers
280 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
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1answer
50 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 ...
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1answer
325 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
1k 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 ...
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1answer
308 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?
2
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1answer
361 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 ...
6
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1answer
1k 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
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1answer
120 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
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1answer
4k 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 ...
3
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4answers
14k 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 ...
3
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1answer
820 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
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2answers
4k 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?