Questions tagged [international-transfer]

Sending and receiving money internationally

Filter by
Sorted by
Tagged with
1
vote
0answers
83 views

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 ...
0
votes
1answer
76 views

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 ...
1
vote
0answers
22 views

Send money to Ukraine without automatic USD-UAH conversion

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 ...
-4
votes
1answer
97 views

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 ...
0
votes
0answers
63 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,...
1
vote
1answer
112 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 ...
0
votes
0answers
15 views

Paypal to Transferwise fee-free

I have a PayPal account, and want to transfer money to Transferwise. I have a borderless account in Transferwise, and my question is this: For a free transfer from PayPal to transferwise, I need to ...
-4
votes
1answer
81 views

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 ...
0
votes
2answers
62 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 ...
0
votes
0answers
41 views

How do I interpret this information about an International Wire Transfer?

Bank to Bank Info: DPF DB CASE 201217603993-001 UTA BENE DO NOT HOLD USD ACC SSN 0248388 DATED 12/17/20 ----------- What does it mean?
-4
votes
1answer
97 views

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?
0
votes
0answers
21 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 ...
-1
votes
3answers
154 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-...
0
votes
1answer
58 views

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 -...
2
votes
3answers
69 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 ...
0
votes
0answers
36 views

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 ...
1
vote
3answers
132 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 ...
2
votes
0answers
23 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 ...
0
votes
2answers
86 views

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?
-1
votes
1answer
126 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 ...
1
vote
1answer
64 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 ...
1
vote
0answers
30 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)....
2
votes
0answers
63 views

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 ...
0
votes
0answers
33 views

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 ...
4
votes
3answers
311 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 ...
1
vote
0answers
78 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 ...
0
votes
1answer
85 views

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 ...
0
votes
0answers
32 views

Remittamce 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 ...
2
votes
2answers
220 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 ...
0
votes
1answer
66 views

Is there a convention about how to make it easy or accessible for customers transfer money to an overseas bank account by email?

I don't reside in Israel and I don't have a business associated with the Israeli tax authorities but I have an online business aimed primarily to Hebrew speakers which the vast majority of them reside ...
4
votes
2answers
265 views

How to transfer money from Russia to Germany?

My wife is Russian, and lives with me in Germany. She has a Russian bank account (denominated in RUB), and a German bank account (denominated in EUR). We have been unable to find a quick, convenient ...
2
votes
0answers
85 views

Is my money insured against bank failures during a wire transfer?

Suppose I am sending money by international wire transfer from my FDIC-insured bank account in the US to my CDIC-insured bank account in Canada. Suppose one of the banks become insolvent during the ...
1
vote
1answer
69 views

Should I use SHA or OUR for sending an international wire to my stock broker's bank account?

I am trying to send an international wire transfer to my US stock broker, TD Ameritrade. TD Ameritrade has asked me to send a wire to its bank account at First National Bank of Omaha. My local (non-US)...
1
vote
1answer
106 views

Transfer of Gifts From Iran to the US

I am a US citizen and a permanent resident living in the US. My family resides in Iran. My father which is a non-resident alien is currently supporting me financially and lives in Iran. Due to OFAC ...
0
votes
2answers
290 views

Is there a “structuring” risk when receiving international wire transfers?

I am trying to move a large sum of money from abroad to my bank account in the US via wire transfer and I don't want a Currency Transaction Report (CTR) being filed by my bank (if it's not necessary) ...
0
votes
2answers
37 views

Transferring proceeds to US of real estate sale abroad

My mom just sold our small weekend house in a non-EU European country for something like US$35K. It was our family property. What would be the most elegant (meaning free of taxes, paperwork and ...
0
votes
0answers
46 views

Withdraw my money from A Lebanese bank, where they are implementing capital control

I have an issue in my bank in Lebanon, where banks are restricting wire transfers what so ever through implementing capital control. I need to bring my money to the USA, where I reside. What is the ...
3
votes
0answers
69 views

How does Transferwise work when the cash flows are unequal?

How does Transferwise work? My understanding is that Transferwise owns bank accounts with local currencies in multiple countries, and the users pay into these accounts and are paid from another ...
3
votes
1answer
533 views

What to do if a bank refuses to close my account?

I have opened a bank account in Ireland. I recently moved to another country and I wanted to transfer the funds to a new bank in the new country and close the Irish bank account. I don't have any ...
2
votes
0answers
59 views

Is SEPA Instant Credit Transfer (SCT Inst) a replacement for “classic” SEPA transfers or just for special purposes?

Is SEPA Instant Credit Transfer (SCT Inst) a dropin replacement for classic SEPA transfers? Or is it something that is/will be available under special conditions? In other words, if I transfer 100 ...
1
vote
1answer
139 views

Inheritance withheld due to taxes from USA

My girlfriends dad died last year and left her a sum of money through a company called fidelity. She received a lump sum but some of the money was withheld pending her father's tax return. She was ...
2
votes
0answers
136 views

Transferring money from HSBC UK to TD Bank in Canada

Lets say I want to transfer money to Canada from UK. HSBC-UK asks me to to enter the following information Payee account number Payments Canada Routing number Bank Name Now the question : Should "...
0
votes
1answer
110 views

Why does HSBC ask whether one plans to receive or send international wire transfers when creating a new HSBC Direct savings account?

Why does HSBC ask whether one plans to receive or send international wire transfers when creating a new HSBC Direct savings account?
1
vote
1answer
193 views

Why does my routing number (IBAN) come up as invalid

I am trying to wire funds and my routing number to Citibank, which is 122401710 in Las Vegas Nevada, is coming up invalid IBAN when I go to wire funds. When I called Citibank they told me that I ...
2
votes
1answer
149 views

Are there any issues with sending money outside of the US?

My girlfriend is an immigrant and for her birthday, I asked her what she wanted. She said she would like me to send a gift back to her home country for her parents instead of getting her something. I ...
2
votes
1answer
211 views

Receiving payments in foreign currency, who sets exchange rate and fees

How do bank accounts receive payments in a foreign currency? Is the 'fee' charged by the account from which the money is being sent, or at the account where the deposit is being received? Which ...
1
vote
1answer
142 views

Will an international wire transfer to France still work with the wrong bank address?

A few days ago I sent a wire transfer from Canada to France. All of the info (wire recipient's financial institution name, bank code, account number/IBAN, wire recipient's name, beneficiary name) is ...
1
vote
0answers
54 views

strategy to move funds between international accounts

I need to transfer funds from my German funds portfolio to an international broker. Most of my assets are in the profitable zone now. Only two are negative currently. I wondered which strategy might ...
2
votes
1answer
110 views

Selling apartment and about to transfer cash to US (moving there). Should I 'tell' the bank, or the IRS something? Any precautions to take?

I got a intracompany transfer and I'll be living in the US for a couple years so I'm selling my apartment in my home country and planning to move the funds to the US to maybe see if it's convenient to ...
24
votes
5answers
8k views

Sold item on eBay, buyer wants it to be delivered to another country, and pay by bank transfer

I recently offered an item on eBay, offering it for sale in Switzerland only (no international shipping offered). However, now someone bought it and messaged that they want it shipped to Italy, and ...

1
2 3 4 5
7