Questions tagged [international-transfer]

Sending and receiving money internationally

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Can I appeal the cost of a rejected funds transfer from my bank account?

I recently ordered the transfer of 1000 Euros from my bank account in Israel to my bank account in Germany. After a while, when the money didn't arrive, I realized that I made a very silly mistake: ...
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How do I transfer funds from the US to Japan if the amount is more than the wire transfer limit?

I'm buying an apartment in Japan (which is where I live), so I need to transfer about $150K from my Bank of America checking account in the US to the apartment building company in Japan. According to ...
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Will I be taxed on money I accept on behalf of an overseas family member?

I am a resident alien in the US. I have a family member overseas which is owed money for remote work by a person in the US. Transferring the money directly from this person internationally to my ...
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Why are there two different banks in different countries in this donation scheme?

The National Bank of Ukraine has opened a special account to donate directly to Ukrainian armed forces. The official information is here. Their own bank account number is UA843000010000000047330992708,...
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Crypto Transfers of Large Sums Overseas for Beginners

Total newbie here, with near-zero level of knowledge about cryptocurrencies. I'm seeking to transfer large sums from US bank account to European account for a home purchase and would like to avoid ...
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Is European Economic Commission Cost Conversion Clearance Certification Code required [duplicate]

My boyfriend was doing wire transfer to the Philippines from his online bank account in a European bank. Transfer was not effected and asked for COT. Bank said his money still liquid and he needs to ...
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1 vote
1 answer
101 views

Gift from foreign parents

I work in the USA on a visa. My parents gifted me 99.97k in 2021. When I look online, I get the impression that I don't have to do anything since the limit seems to be 100k when the gift is given by a ...
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187 views

Payment sent to wrong SWIFT code but right account number (not IBAN)

I've just had a payment sent to me via Wise, from US to UK, but after a week the funds hadn't arrived and I double checked the details. I bank with Nationwide, but the sender has used their ...
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Reporting returned international wire transfer

I wired $40,000 to Portugal five months ago to purchase a property. The purchase failed and now $40,000 will be returned to my US account. Should this be reported to the irs?
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Does it make sense to use Stocks for currency transfer?

Does it make sense to think of buying a stable/safe stock in money held in country A (in currency A), then selling it in country B (in currency B) to get a better money conversion rate ? Can ignore ...
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Sending International Transfer from Jordan to Germany

I am trying to send enrollment fee to a German account for my master's degree. The university provided me with details that included: Receiver name Bank name IBAN SWIFT/BIC Do I need to use all ...
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SEPA credit transfer from EUR to GBP. What happens? Should there be fees?

All my bank accounts are in EUR (I am German) and I needed to transfer 100£ (GBP) to a british bank account to pay a reservation fee. I was provided with an IBAN to that account. I then converted from ...
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2 answers
435 views

International bank transfer on behalf of someone else

A close family member wants to transfer money from the UK to their personal account in Brazil using BB Remessa. Since they have reached their personal transaction limits, they have asked me to sign up ...
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1 answer
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Why SWIFT transfers fees are usually way higher, comparing to Internet acquiring?

Shopping on the Internet, the total cost, as a rule, represents the subject itself, an acquiring fee and (optionally) a delivery, not including intercharge. SWIFT payments are, however, more ...
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International SWIFT transfer: sent as OUR, received as SHR (field 71A)

The company I'm working with sent me a few SWIFT payments, and they all were received with the following fields: :71A:SHA :71F:USD16,00 :71F:USD0, So the 16$ fee was deducted from the full amount ...
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A US bank says it can't send an international wire transfer even though it goes through a US correspondent bank with a US swift code

I am trying to have money wired from a small bank in the USA. I was told they couldn't send money out of the country but as the money has to go through a correspondent bank in the US with an American ...
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What is someone Transferred money to Swift Code of Different Branch of other State?

One of my client transferred the money from overseas also known as International Transaction, all bank details are correct but he entered the SWIFT Code of the Mumbai Branch and Mine is in Delhi. will ...
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How to exchange US stock shares for crypto in other country?

I have shares of stock with US Etrade, but I no longer live in the US and no longer have a US bank account. I want to cash out those shares and use that cash to invest in cryptocurrency and possibly ...
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Correct fields of MT103 to fill information to ensure the Beneficiary would receive the payment in full without any deduction?

We once got a situation that: even though the "OUR" option was used for Field 71A (Details of Charges), the Seller didn't receive the full original amount. Hence, the Seller's bank has ...
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What happens if send low value swift payment via BEN?

I am wondering what happens if I made a low value swift payment (e.g under £10) which is less than the transaction fee. Would the payment be rejected?
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Is it illegal to transfer money to my girlfriend in Taiwan?

I am working in America. My girlfriend is in Taiwan. Every month, I will transfer 800 USD to her via Bank of America. Is it illegal? Will it be considered money laundering?
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What are the conditions required by a US bank to withdraw an international wire transfer?

A friend of mine was probably close to being defrauded (he is a painter, someone sent him a document certifying that he did a wire transfer to his bank for three painting he wants to buy, asked for ...
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Bringing life savings from KSA to Germany

I recently moved to Germany and my partner is planning to join me in a couple of months. We used to work in KSA and have a sum of money greater than 10 000 euros saved up from our work back in KSA. I ...
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1 vote
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The Military Junta in Myanmar tried to "empty" $1B from the NY Fed. As a deposit liability of the Fed, where would this money have actually gone? [closed]

https://www.reuters.com/article/idUSKCN2AW2MD?il=0 In the above article the Myanmar Military tried to "empty" the account belonging to the Myanmar Central Bank held at the NY Fed. This ...
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Want to bring inheritance Money from Pakistan to UK?

What are the taxes? or other Uk Gov-related rules that we need to keep in mind in order to bring inherited money from Pakistan to the UK? My Grandfather passed away and left an inheritance for his ...
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2 votes
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Send money to Ukraine without automatic USD-UAH conversion [closed]

This used to be possible with Western Union. The other party would go to the WU kiosk and pick up dollars. But now they started converting to UAH automatically, which gives a much worse rate than what ...
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SD wants me to purchase Prepaid card for international fees through paypal. Is this a scam? [duplicate]

A SD contacted me in regards to me becoming his SB. He wants to send a monthly allowance through Paypal but he is in Germany so Paypal is requiring a 100$ international transfer fee. He is not asking ...
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108 views

How do I safely transfer money from a US bank to a UK bank?

I am currently living in the UK after many years in the US. I want to safely transfer some money from my US bank (Ally bank) to my bank account in the UK. (Ally Bank doesn't do international transfers,...
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2 votes
1 answer
321 views

How can I transfer money from a US bank account to an IBAN+BIC number (European bank account) without any fees?

I have a bank account in the US and a bank account in Lithuania. The latter is identified with an IBAN and a BIC. How can I transfer money from my US bank account to an IBAN+BIC number without any ...
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-4 votes
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Why are outgoing international wires from the United States typically more expensive than outgoing domestic wires?

I see on https://www.finder.com/bank-fees-wire-transfers (mirror) that outgoing international wires from the US are typically more expensive than outgoing domestic wires: Bank Incoming domestic wire ...
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2 answers
250 views

Wire instructions with an intermediary without an intermediary account number

I have an account with Citibank in Taiwan, and I want to wire money into it from the US from an Ally Bank account. Ally Bank doesn't do international wire transfers. I need to provide an American ...
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1 answer
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When doing a SWIFT transfer between two banks, which entities can stop the transfer due to suspicion of fraud?

I'm guessing that both the source bank and the recipient bank have the ability to stop the transfer. Can the other entity, e.g. SWIFT, stop the transfer due to suspicion of fraud?
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58 views

International wire transfer confusion between the US and Japan

The recipient Tokyo bank is Mitsubishi UFJ Bank (SWIFT Code MTBCJBJT). This bank after mergers may now be the MUFG Bank (SWIFT Code BOTKJPJT). First confusion is which SWIFT Code to use? XXX at the ...
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3 answers
184 views

How can I avoid the inter-bank exchange rate when transferring a large sum from Chile (CLP) to Canada (CAD)?

I need to transfer a large sum from Chile to Canada and convert currency to Canadian. I specify the countries because fewer businesses seem to operate in Chile. I absolutely want to avoid the inter-...
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Customer stated three options of international payment?

My customer asked one of three options of payment types (for remittance) from USA to UK. These are: (1) Intl-Wire - Domestic to foreign (2) ACH - Domestic to Domestics (3) IAT - Domestic to Domestics -...
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2 votes
3 answers
113 views

Transfer funds from US to India bank account

I am temporarily moving to India from the US. I am an Indian citizen. I was living in the US since 8 years and I have some savings from my income in the US bank. There is a possibility to either ...
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Query - Receipt of Online payment from USA customer to Account in United Kingdoms

I received payments from a USA customer in UK Account. All is doing well till start of 2019. In 2019 the customer from USA intimated that he has submitted an online check to our account in UK but the ...
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1 vote
3 answers
157 views

Why do SEPA transfers involve no or minimal fees, while SWIFT transfers may cost anywhere between $15 and $45?

I read on moneytransfers.com (mirror): SEPA transfers involve no or minimal fees, while SWIFT transfers may cost anywhere between $15 and $45. Why do SEPA transfers involve no or minimal fees, while ...
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2 votes
0 answers
28 views

Transferring tax-free trust fund proceeds from UK to Japan

I should be coming into a reasonably large sum of money from a trust fund in my and other family members' names being dissolved (or whatever the correct technical term is) such that if I was domiciled ...
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Payment made to invalid IBAN missing last 2 digits, Payment is still in reservation. Where is has the money gone? Payment was from Belgium to UK

Payment from Belgium bank to UK. Missed last 2 digits from IBAN in receiving UK account. Will the payment get bounced? Money is shown as being reserved?
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-1 votes
1 answer
129 views

How can I convert a small amount of USD in my PayPal account to USD banknotes in Germany?

I have a small amount of USD (about $200) in my PayPal account, and I want to withdraw that amount and get USD banknotes. I live in Germany, and I only have bank accounts in EUR. The simple method ...
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1 vote
1 answer
171 views

How to send money to an IBAN bank number from a Mastercard?

I have to pay 1600 Euros for some building work in France where I live, and my french banks are too empty, I have to borrow it from my MasterCard which is still based in the UK. If I call the UK it ...
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1 vote
2 answers
84 views

Accident claim money, rules, taxes and limitations

F1 student, OPT from July 2020. I had an accident where I was hit by a car (I was pedestrian). I filed a claim through my lawyer and received money from the car driver's insurance company (around 60K)....
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2 votes
0 answers
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Sending money to acquaintances in Armenia

Last year, I went to Armenia and stayed with host families or in small guesthouses. These hosts did not become friends or anything, but I am considering contacting them in view of the travel ...
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Money Transfer to UK

I bought a holiday apartment in Goa some years ago. I had an NRI account. The bank then changed it to an NRO savings account. I sold it three years ago and the money was paid into this account. I wish ...
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4 votes
3 answers
326 views

US: How do offshore bank accounts help?

How does having an offshore bank account help? From my (limited) understanding, the U.S. taxes on all income worldwide, so placing money offshore would still be taxed normally. Why, then, do high net ...
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1 vote
0 answers
86 views

The best/cheapest way to get money from Moldova to pay bills in UK

I would like to withdraw money from my foreign account outside Europe (Chișinău (Moldova)) and deposit it in a UK bank account, as it has become clear I will be staying in the UK for a longer time ...
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0 votes
1 answer
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How to send USD to Transferwise EUR balance?

I have a Transferwise account that only has bank details for EUR. I gave all the account details to my client in USA so they can do the transfer. Unfortunately my client replied that they won't be ...
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0 votes
1 answer
51 views

Remittance from Europe to India EUR - INR

Alright the problem is not as simple as it sounds. Let me explain. I closed my German bank account after moving to India. The bank said they wouldn't do the international transfer to my Indian account ...
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2 votes
2 answers
426 views

What is the utility of the Transferwise debit card?

I can't get my head around what the Transferwise debit card offers. If I have a credit card with no foreign fees, then I can just make payments with that wherever I go. Same with withdrawing cash ...
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