Questions tagged [international-transfer]

Sending and receiving money internationally

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4
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2answers
169 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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1answer
76 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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0answers
54 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 ...
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84 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 ...
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0answers
23 views

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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1answer
66 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 ...
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0answers
24 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 ...
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0answers
24 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?
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2answers
264 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?
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1answer
62 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 ...
4
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0answers
75 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 ...
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0answers
96 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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1answer
651 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 ...
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0answers
53 views

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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1answer
398 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 ...
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0answers
76 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,...
2
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1answer
179 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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0answers
27 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
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1answer
87 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 ...
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2answers
122 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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0answers
55 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?
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1answer
111 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?
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45 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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3answers
162 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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1answer
65 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 -...
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3answers
92 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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0answers
37 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 ...
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3answers
149 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
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0answers
26 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
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2answers
171 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?
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1answer
127 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
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1answer
87 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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0answers
33 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
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0answers
67 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 ...
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0answers
36 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
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3answers
317 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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0answers
84 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
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1answer
92 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 ...
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1answer
44 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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2answers
314 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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1answer
77 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 ...
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2answers
316 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 ...
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0answers
92 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 ...
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1answer
110 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)...
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1answer
180 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 ...
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2answers
446 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) ...
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2answers
78 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 ...
3
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0answers
85 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
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1answer
628 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
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0answers
64 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 ...

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