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Questions tagged [international-transfer]

Sending and receiving money internationally

3
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1answer
3k views

How to add TransferWise Borderless Account as a Bank Account in Paypal

I want to withdraw my money in Paypal to TransferWise Borderless Account since the conversion rate offered by TransferWise is better than Paypal's. I want to add it as a Bank Account in Paypal but I ...
0
votes
2answers
356 views

How does one transfer funds between a French bank account and a US bank account?

Say Person 1 has a French bank account, and Person 2 has a U.S. bank account. Person 1 wants to send funds to Person 2. Person 1 can add a new person to their list of beneficiaries, but the French ...
12
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5answers
3k views

What strategies can I use to minimize international money transfer fees?

I would like my younger brother to start studying in a school here, and this requires frequent international money transfers: The primary source (sponsor) would be family funds that would be wired ...
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
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1answer
48 views

Making international payments from Ethiopia [closed]

How can I make global payment from Ethiopia for international services and tradings?
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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
1answer
138 views

Transferring funds to India from US

I am an Indian citizen ending my PG studies in US as I'm unable to return to the US after an overseas trip because of visa issues. I wish to transfer savings from my US bank account to a savings ...
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?
3
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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 ...
0
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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 ...
3
votes
3answers
4k views

how to transfer inheritance money to US legally

I have inheritance from my mother in India and would like to bring in USA. I have NRO/NRI account in India. I am aware of 15CB & 15CA forms need to complete. I know that legally I can bring $10,...
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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 ...
0
votes
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 ...
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 ...
1
vote
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 ...
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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 ...
4
votes
1answer
190 views

Tax Rules for Gifts from Abroad

Are there additional taxes for receiving gifts (under $100,000) from abroad? My uncles (in the source country) and my mother (in Canada) inherited some real estate in the source country. My mother's ...
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 ...
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 ...
2
votes
1answer
1k views

ACH data for Deutsche Bank, Germany?

For an international ACH transfer as part of the e-gold claims process, I need to specify in an online form: Financial Institution Name Financial Institution Address Financial Institution City ...
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 ...
0
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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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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
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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 ...
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
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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 ...
1
vote
2answers
15k views

Sent wrong payment to right IBAN but wrong SWIFT. What will happen now?

I sent a payment to the incorrect SWIFT but right account number. The money hasn't been received at the other end. What will happen now?
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
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
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
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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 ...
3
votes
2answers
582 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 ...
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 ...
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 ...
1
vote
1answer
356 views

Money transfer from India to Dubai

I have to go back to India due to job loss and have to repay my bank loan in Dubai. How can I transfer money from my savings account to my bank in Dubai?
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 ? ...
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votes
1answer
159 views

How to cash ACH vouchers to my French account without paying more banking fees than sending a postal package containing cash?

I worked for a company based in the United States as part of a non-commercial activity (I mean the income is not taxable to the IRS and thus I can’t get an itin or ssn in order to open a bank account)....
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 ...
2
votes
1answer
4k views

International wire transfer gone astray

Someone in another country has attempted a wire transfer to my account here in the UK. The wire transfer form, of which I have a copy, shows that my IBAN (international account number) is correct, and ...
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 ...
1
vote
2answers
156 views

What is the the most profitable way of transferring euro to usd in the states? [duplicate]

What is the the most profitable way of transferring euro to usd in the states. First answer it by bank transfer. I guess there would be a lot of fees. Another way i guess is through bitcoin since it ...
5
votes
2answers
17k views

How to get money from bangladesh

The situation Recently we sold some property in Bangladesh. It gained a nice sum of money, but now we are a bit stuck on how to get it out. We can be flexible but prefer to transfer it to a west ...
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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, ...
1
vote
1answer
643 views

Transfer funds from Saudi Arabia to India, to help collegues who can not transfer funds

From past 24 year I am working in Saudi Arabia, From last 1 year in my company workers do not have valid iqama. I have proper valid iqama. Most of workers cant send money to India to their family ...
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
1answer
599 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 ...