Questions tagged [international-transfer]

Sending and receiving money internationally

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Is there a good way to send an eCheck from outside the US?

Does anyone know a service that would allow an Australian resident to draft an eCheck payable to a US recipient? I'm an Australian writer doing some historical research. I'm trying to request some ...
ajxs's user avatar
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Choose between intermediary banks?

I'm trying to get the money from my client in the USA but transfers from Chase do not seem to pass compliance at NY Mellon (the intermediary bank). My UAE bank has 4 correspondent banks for USD ...
Alexander Mikhalchenko's user avatar
2 votes
1 answer
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The last 3 digits swift code entered wrong branch. I asked to recall the international transfer. Where is my money could be?

24 Nov 2023: I send £9000+ from the HSBC UK to Cathay United Bank Taiwan. The money arrived to intermediary bank (CITI BANK UK) soon. And the HSBC app tracker shown the transfer is in progress for 5 ...
TanTanYueng0303's user avatar
1 vote
1 answer
251 views

LMS Code for making international transfer

I have been asked to make advance payment of 85 usd for LMS code inorder to make international wire transfer. Why are they not deducting. Could this be a scam attempt by the bank. The bank is ...
Laldinliana 's user avatar
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1 answer
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Is a tcp code fee a legit fee what is a tcp code [duplicate]

I was told that I have a account with a bank "Ashdean Bank". I never heard of that bank, and a Google search came up with nothing. I was told that a fee needs to be paid to obtain a "...
george rivera's user avatar
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I need to make an international wire transfer in 2-3 days -- how can I do that?

I need to make a wire transfer (from the USA) to an international bank in the next 3 business days. They specifically ask for an MT 103 receipt, so I don't think alternatives to SWIFT will work. I ...
voobaroo's user avatar
1 vote
2 answers
162 views

How can I transfer money from local US bank to international bank in Asia, if the local bank can only issue a cashier's check, not a wire transfer?

I am an American teacher in China. I received an inheritance of a substantial sum of money back in November: a few hundred thousand dollars. Because of the pandemic I could not get back to the USA ...
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How can I cash a US cashier check in Sweden?

I have a cashier check from the US. I live in Sweden, and the Swedish bank will not accept it. What can I do?
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How to wire a check internationally (US to China) without a bank account?

I moved from the US to China. I'm trying to clear out all my accounts and consolidate my assets into my bank accounts in China. I mistakenly closed my bank account before my investment account. Now, ...
user3528438's user avatar
1 vote
1 answer
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India TCS tax on foreign remittence

I am an NRI with some NRO and NRE accounts held in an Indian Bank. I am trying to remit an amount from sale of a property for which TDS has already been paid. The amount was deposited to an account ...
money.frictionlesspulley's user avatar
1 vote
2 answers
281 views

cheapest way to transfer money to myself overseas

I am moving overseas due to work. As part of the move I need a bank account in the country I am going to live in, and then I will need to transfer the money that I have in my U.S. account(s) to the ...
Andy's user avatar
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Is an OTC code a legitimate code for a transfer from the UK to here in the USA? [duplicate]

I tried to make an international transfer from the UK to here in the USA and was stopped halfway through the process and asked for an OTC code. Is this a legitimate code?
George Rivera's user avatar
-3 votes
1 answer
295 views

Can US-based Interactive Brokers accounts receive SEPA transfers?

I wonder whether an Interactive Brokers (IBKR) account based in the United States can receive a SEPA transfer. The bank sending the SEPA transfer is country that is part of the Single Euro Payments ...
Franck Dernoncourt's user avatar
1 vote
0 answers
269 views

Transferring money from India to US from my Mom

I am an Indian married to an American citizen living in the US, in the waiting phase for my Green Card application decision Process. My husband and I share a joint account here in the US. My mom lives ...
Susan Adams's user avatar
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1 answer
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Why does it take up to 20 working days to refund an account after a failed SWIFT transfer?

I attempted a SWIFT transfer from Revolut UAB to Charles Schwab (USA). It failed due to incorrect recipient information. Revolut UAB mentions it takes up to 20 working days for the Revolut UAB to be ...
Franck Dernoncourt's user avatar
-3 votes
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How can I check what happened to a SWIFT transfer with a party that is neither the originator financial institution nor the beneficiary institution?

I have an account at a financial institution in France and I have an account at a financial institution in the US. I asked my financial institution in France to do a SWIFT transfer from my account ...
Franck Dernoncourt's user avatar
-2 votes
1 answer
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Are all international wire transfers from a financial institution in France to a financial institution in the US SWIFT transfers?

I wonder whether all international wire transfers from a financial institution in France to a financial institution in the US are SWIFT transfers. Are can there be non-SWIFT transfers?
Franck Dernoncourt's user avatar
-6 votes
2 answers
2k views

Why would a recipient bank reject an incoming international transfer?

I tried to make a SWIFT international money transfer from my Revolut bank account based in Europe to my US brokerage account, and my US brokerage account (Charles Schwab) rejected the transfer, ...
Franck Dernoncourt's user avatar
1 vote
1 answer
184 views

Are there reporting requirements when transferring money between the US and another country?

Many immigrants in the US face a problem of transferring large amounts of money to and from their home country, usually including currency exchange. As a fact of life, transferring via a financial ...
ysap's user avatar
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1 vote
2 answers
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Send USD From PayPal AUS To Thailand

I have an Australian PayPal account holding $USD. I need to send this money to Thailand because that's where I live, but I don't want to convert it to AUD and then to baht. How can I use Wise to ...
Brett Stack 1's user avatar
12 votes
7 answers
6k views

If an international bank has branches in two countries, can I bank transfer between them?

I currently use wire transfers to move money from the US to the country in Europe that I live in now. The problem with this is that it's a hassle (I have to call the bank, verify I give the correct ...
Ken - Enough about Monica's user avatar
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Adding a branch code to my swift code, is there a difference?

I have been receiving money from Romania to Indonesia using the swift code CENAIDJA for the past two months. This month there was an error in the swift code but when the sender added 'XXX' making it ...
Syifa's user avatar
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2 answers
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Transferring money won in Las Vegas to Europe

A European gambler makes a trip to Las Vegas in the USA. He manages to win a good amount of money, say 50,000 USD. Now it would be unwise to walk around with this amount of cash in his pocket; he can ...
M. Wind's user avatar
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Can swift international payment be retracted after being received?

Is it possible for an international payment to be retracted once it’s arrived in the recipients account? I received a payment from overseas buyer for a purchase and they sent me more than what I was ...
Julia's user avatar
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3 votes
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Disputing a currency conversion that happened in a SWIFT transfer between accounts of the same currency

I made a SWIFT transfer from my EUR account in one bank (in Russia) to my EUR account in another bank (in the UK). However, the beneficiary bank received the transfer in GBP and converted it to EUR in ...
Alexander Pozdneev's user avatar
1 vote
0 answers
61 views

Transfer money internationally via wire transfer, provided intermediary SWIFT but not intermediary account number

I want to send money from the U.S. bank to one of the Georgian Republic banks. Georgian bank provided me with an intermediary bank SWIFT but not an intermediary account number, and the banker told me ...
Abesalomi Gogatishvili's user avatar
1 vote
1 answer
215 views

How can transfer $100k in my US account to my Dutch account

I have a 100k USD in my US account that I want to move to my a Dutch account. My American bank only allows wire transfers if I am there in person (I live in Europe), so that’s impossible. Consequently,...
Max's user avatar
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2 votes
1 answer
265 views

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: ...
user116990's user avatar
0 votes
2 answers
147 views

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 ...
bubba's user avatar
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1 answer
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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 ...
Rotem's user avatar
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2 votes
3 answers
210 views

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,...
Vilx-'s user avatar
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1 vote
2 answers
326 views

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 ...
King Creole's user avatar
0 votes
0 answers
148 views

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 ...
ESCOLASTICA MARTINEZ's user avatar
1 vote
1 answer
125 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 ...
Gappy Hilmore's user avatar
0 votes
1 answer
982 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 ...
risko's user avatar
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0 votes
1 answer
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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?
Stefan Rios's user avatar
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0 answers
106 views

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 ...
Suresh's user avatar
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1 vote
0 answers
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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 ...
Katrina's user avatar
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1 vote
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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 ...
M. Rumpy's user avatar
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4 votes
2 answers
1k 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 vote
1 answer
119 views

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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0 votes
0 answers
362 views

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 ...
Lumi Akimova's user avatar
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0 answers
110 views

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 ...
Mary's user avatar
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-1 votes
1 answer
80 views

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 ...
GetsBetter's user avatar
0 votes
0 answers
55 views

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 ...
nmhung1985's user avatar
1 vote
0 answers
35 views

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?
Sophie's user avatar
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1 vote
2 answers
500 views

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?
CC GG's user avatar
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1 vote
1 answer
107 views

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 ...
WoJ's user avatar
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3 votes
0 answers
84 views

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 ...
Charbel Wakim's user avatar
1 vote
0 answers
99 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 ...
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