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Questions tagged [international-transfer]

Sending and receiving money internationally

3
votes
1answer
167 views

Transferred money to an Intermediary Bank Account by mistake

I am having a problem with transferring money to pay for my tuition fees. The university has sent me these payment instructions: I have transferred the fees directly to the intermediary bank account ...
1
vote
2answers
250 views

Accept a check on my behalf in USA, and then transfer the money to me in Europe

I live in Europe, and I work with a client from USA. Currently he is only able to pay via check, so now I am looking for some way to get paid. Best way would be to have a relative or a close friend ...
0
votes
1answer
48 views

Making international payments from Ethiopia [closed]

How can I make global payment from Ethiopia for international services and tradings?
1
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2answers
81 views

Cheapest way to transfer money from South Africa to UK

I am emigrating soon and have saved some money (in South African Rand) which I will need to take with me. It will just be enough to cover basic expenses for 3 months. I am moving from South Africa to ...
3
votes
0answers
168 views

Is Western Union reliable as of 2019? Why do they have only negative reviews? [closed]

I used to send money to friends in other countries using Western Union in the past (around 2012), and it worked fine. Now I see that in the past year, almost every review of Western Union on Consumer ...
1
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2answers
48 views

Is there any restriction when moving money from France to the US via bank transfers, and can this trigger some tax event or audit?

Is there any restriction when moving money from France to the US via bank transfers? Do I have to declare anything? Can this trigger some tax event or audit, and if so is it any threshold above which ...
-1
votes
2answers
111 views

Cost-effective way for my client to transfer payment to me for freelance work

I'm a software/game developer from the Philippines and someone from the US has hired me to make a game. The game is now completed and the remainder of the payment is still about USD $100,000. My ...
0
votes
1answer
66 views

Transfer money from China to US

I am a US Citizen and my wife is from China now a US permanent resident. Her father in China would like to help us buy a house here in US. He will provide a gift for $160K. What is the process to get ...
0
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1answer
49 views

Transferred money to the correct IBAN; however, probably specified an incorrect SWIFT code and the message not included in the receipt

I have transferred a serious amount of money to a French bank from another country. I correctly specified the IBAN number. Additionally, the bank's SWIFT (BIC) code to which I should have transferred ...
0
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0answers
59 views

Can I willingly reject a SWIFT transaction?

I live in Brazil and I have a broker account in Europe, provided by my company for stock options. I've recently sold some of my stocks and done my first transaction of this kind (International Wire ...
0
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0answers
83 views

Is wire transfer the best way to send international business profits from Ghana or Senegal to US or am I overthinking this?

first time poster her. Ive searched through the group but don't know if I'm over thinking this so maybe you can help me out. I am looking to find ways to build capital. Selling things tend to come a ...
1
vote
1answer
52 views

Funds transferred to India after three years of leaving US

I was in the US for a few years and didn't close my savings and checking accounts in the US at the time of return. After three years of my return from US, I transferred some funds to my savings ...
0
votes
0answers
60 views

best way to receive a USD wire transfer without a US account?

I'm based in the UK and want to receive some money from a US company called Fidelity. Last year I set up a transferwise 'borderless' account, which worked really well. I had a virtual US account, to ...
0
votes
1answer
190 views

Correct SWIFT code, incorrect IBAN - will the money be returned?

I sent a international wire transfer, but the IBAN was incorrect. The swift code was right, but I was in a hurry and thought my bank typed everything correctly. The account holders name is correct and ...
0
votes
0answers
47 views

What SWIFT number do I use?

Hey everyone I’m trying to receive an international wire transfer for my business. The bank I’m using to receive this gave me two different SWIFT numbers but the sending party only lets me use one. ...
0
votes
1answer
61 views

Money transfer to US - how to make it right?

I've inherited a real estate in another country and I'm going to sell it. All the money from the sale will go to their local bank, and my account at this bank won't be accessible from US. What should ...
0
votes
1answer
24 views

NRE to foreign account transfer

Can I transfer money from my Indian NRE account to my sister's savings account in UK bank?
0
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0answers
41 views

Transferwise regulated by RBI India

According to RBI FEMA Act Section 10, only authorized person or company could transfer Forex from India. I have checked the website of Transferwise and can't find any information on this. How can I ...
0
votes
1answer
124 views

Can one transit a friend's money through one's account cause any issue (e.g., triggering some tax event)?

For convenience and/or avoiding some banking fees, one may want to transit a friend's money through one's account. E.g. Alice's bank account in France -> Bob's bank account in France -> Bob's bank ...
2
votes
2answers
130 views

$$ xfered using Xoom from US bank to UK bank deposited twice. Xoom informed, couldn't resolve. Keep money?

We live in the United States but retain a bank account in the UK since we used to live there. Back in November we transferred a couple of thousand dollars from a checking account in the USA to a ...
1
vote
2answers
79 views

Are there any limits for sending money from UK to Egypt

How much money can I send abroad each year to Egypt without being taxed? (Note: the money to be sent has already been taxed by income tax.) For example, when searching online I found for NRI -> ...
0
votes
1answer
76 views

Is BIC really needed for TransferWise transfers?

I noticed that TransferWise when you do for example a crossborder money transfer, they only ask for IBAN, name and a reference. Then, they calculate a BIC code for that transaction based on the IBAN ...
3
votes
1answer
80 views

What is the cheapest way to send funds from Sweden to Switzerland? [closed]

I need to make a payment of about 6200 CHF to a Swiss bank account. My money is in SEK in a Swedish bank account. Would it be preferable to use Transferwise / something similar to it, or should I ...
2
votes
1answer
161 views

Buying business product for a business associate that's abroad

I was wondering if there's any legalities regarding the purchasing of product for a business associate that is abroad? I would buy the product and he would reimburse me the money. The products are ...
0
votes
2answers
108 views

GBP multinational transfer to avoid bank instability due to Brexit

I was working in the UK for several years and managed to save about 60k GBP in my Santander UK account before moving to France in 2017. I left the money in this account when I left. Today, with the ...
5
votes
1answer
112 views

Who Is responsible when a currency transaction is mistakenly converted by an intermediary bank?

My client transferred USD from the US to my USD currency account in Ireland. Their intermediary bank converted the funds to Euros so it hit my USD account in Euro, was converted back to USD by my bank ...
72
votes
5answers
23k views

Why is a friend asking me to make multiple Money Gram transfers in my name using his money?

For the past few months, someone that I know casually is sending money to the Philippines every 2 to 3 days. He mentioned that the money is going to his family so that they can use it to travel to ...
3
votes
1answer
146 views

Do I need to pay taxes if I receive money from my family (foreign country) in UK?

Actually this is for my sister, she lives in London and I want to send her money from USA to her bank account. Will that transfer affect the taxes she must pay?
1
vote
1answer
208 views

Transfer $0.5M from US to Canada [duplicate]

I have accounts in both U.S. (several banks) and Canada (BMO). I have $500,000 in my U.S. account. If I am now leaving U.S. permanently and moving to Canada, what is the best way to transfer all of ...
-2
votes
1answer
246 views

Transfer of my gift received from US to India

I am a resident Indian who received a gift from a trust abroad sources legally approved and authorised by abroad country. It is transferred through an associate bank abroad where the trust has money, ...
2
votes
1answer
119 views

The amount received being less than the amount required

I live in Europe and I ordered a product from a Moroccan company. They asked from me to transfer the money to the company bank account in Morocco, which I did. Shortly thereafter, a company agent ...
1
vote
2answers
96 views

IBAN money transfer, safe transaction

Is there any way to guarantee that an international european bank money transfer transaction (between private sellers) is safe? I mean, I will pay for a product, how do I guarantee that it arrives in ...
15
votes
2answers
2k views

If I sell shares in the US, will I be liable to pay taxes in US?

I am a South African citizen living in South Africa who works for a large US company. As part of my compensation, I receive restricted stock units (RSUs) which my country considers to be part of my ...
0
votes
1answer
113 views

If I (freelance uk resident) get paid for remote work from the US into my US account, will I pay taxes in both countries?

I'm a British freelancer. I recently returned to the UK from working in the US for 3 years on a Visa. Upon returning, I have continued to work for one of my clients. We are working out how to get me ...
1
vote
1answer
602 views

Can a transfer go through if the IBAN and SWIFT is correct, but the beneficiary name is wrong?

A customer of mine wants to pay me from the usa to my account with N26 bank.N26 Bank is a German online bank with no branches but available to customers in the euro-zone.I opened my account online in ...
26
votes
6answers
6k views

Umlaut Character in Account Holder Name (German Bank)

I sent a payment through international bank transfer to Germany. But, the account holder name has special characters like ö, ä, ü, and etc. In my case, it's ü. Is there any other words that are ...
3
votes
3answers
3k views

What happens if I made an international transfer without SWIFT code?

I've just made a transfer from my Hungarian bank account to my new, Canadian one. However, I didn't have any knowledge of my SWIFT neither my IBAN code. I transferred a serious amount of money, and ...
4
votes
2answers
255 views

I am a minor in the US. Will I owe taxes from money earned from a UK based website?

My friend and I are co-running a website. He is over 18 and lives in the UK and I'm under 18 and live in the US. He gets all the money from the site into his Paypal, and is going to pay me half. The ...
1
vote
1answer
118 views

Dollar account or Euro?

I live in a country in the Eurozone and have a dollars account with one of the banks here. I'm expecting a payment from a client in the US. I was told that when a bank sends money to a Eurozone ...
1
vote
3answers
113 views

Why is there a difference in currency conversion rates?

When looking at the USD/BRL conversion rate I see a rate more or less 1 USD = ~ 3.90BRL. Then when I want to transfer my funds from my contractor (in USD) to my local account (in BRL), I wait for a ...
1
vote
2answers
45 views

International Wire Transfer Currency Conversion

If I wire money internationally say from my Israeli account to a US account does the money currency change from ILS to USD after the money have been sent? Or does it stay in the same currency unless I ...
2
votes
1answer
69 views

Transfer money into the US--reporting requirements

I have a bank account in the United States from the time when I lived there. I am not a US citizen and I have not lived in the US for several years now. My in-laws are planning to send a large sum to ...
2
votes
2answers
54 views

International to U.S. wire transfer

Is there a limit by government regulations on large amount transfer from international account to U.S. account. Same person on both accounts. Or is limit set by bank?
1
vote
1answer
124 views

How can I legally sell this property abroad?

I have a property in Bangladesh worth around £500k. I built this property legally many years ago however I moved to the UK around 18 years ago. When I moved, I had changed my name legally meaning ...
0
votes
1answer
447 views

How to receive funds from outside India in Personal Indian Bank Account number?

I have an account in HDFC bank at Gurugaon district of Haryana. Now I have to receive the money from some foreign party , Can I accept the payment in above account? Will there be any TDS deduction ? ...
1
vote
1answer
106 views

Sale of a home in Thailand and Repatriating Funds to US

My wife and I purchased a home in Thailand 5 years ago and we lived in it for about 40 months. The property was purchased in my wife's name since I am unable to own land in Thailand. We Purchased ...
3
votes
2answers
583 views

How can I accurately anticipate wire transfer fees from intermediary banks?

When sending an international wire transfer, the transmitting and receiving financial institutions both (usually) assess fees associated with the transfer. These fees can be accurately anticipated by ...
2
votes
1answer
891 views

Last 3 Digit Swift Code Entered Wrong Branch Than It Should Be. What should i do?

I sent a payment through international bank transfers with the last digit of BIC/Swift Code different that it is supposed to. The IBAN and account holder name are correct. The last 3 digits of BIC/...
1
vote
2answers
162 views

Cost to transfer funds from Philippines bank to US bank from real estate sales proceeds [closed]

I am a US Citizen living in California, who is currently in the process of selling a piece of land that I own at the Philippines. 20 years ago, I bought a piece of land for P250,000 pesos. I am ...
0
votes
2answers
60 views

Will it be faster if I give someone in another country a Cashiers check (as opposed to a personal check) in USD to deposit it in their account?

I have a US bank account and the other person in a south Asian country does not. What are the fees involved?