Questions tagged [international-transfer]

Sending and receiving money internationally

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6
votes
2answers
4k views

How does remittance work? How does it differ from direct money transfer?

I have a bank account in Germany in which I receive my salary in Euros. I want to deposit a part of it in my Indian bank account for personal savings. My Indian bank account is in INR. As I see it, I ...
2
votes
4answers
4k views

Cheapest way to wire or withdraw money from US account while living in Europe [closed]

I'm currently living overseas in Europe. I work as a consultant for a US based company which pays me US dollars deposited to my US bank account. It's getting to be pretty expensive when I withdraw ...
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
3k views

How to transfer inheritance money from India to USA

I'm a US citizen. My father, who was a citizen of India, died last year. My father had CD in Banks and a property in India. The property was legally sold and all taxes in India paid. We are 4 sisters, ...
2
votes
1answer
10k views

Will it be taxable if I transfer money from UK account to India account?

I am a resident of India and currently in UK for 1 year on a work permit where I am getting salary in Pounds. My Indian salary has stopped till the time I am back in India. Now, I have a Home Loan ...
1
vote
1answer
716 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 ...
1
vote
2answers
17k 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?
18
votes
10answers
33k views

How can I avoid international wire fees or currency transfer fees?

I'm paid by an American company, but travel to France frequently and need to have a French bank account for various reasons. So far the cheapest procedure I've found to transfer money is withdraw ...
3
votes
1answer
2k views

As a freelancer, how to receive money from overseas company to my individual bank account in India?

I am working as a freelance software developer. Recently I got a project from an overseas company. I asked them to send money through ICICI Bank Money2India. The first payment made it successfully ...
6
votes
5answers
850 views

How do I protect myself from a scam if I want to help a relative?

A close relative recently contacted me asking for some help transferring money overseas. He has an account here but for some reason can't transfer it directly to his account overseas (something to do ...
5
votes
1answer
15k views

Transfering money to personal saving account in India

I am currently residing in Qatar since 2 years. I am transferring my salary from Qatar to my personal Indian savings bank account. The amount I used to transfer is used for general expenses. Do I ...
5
votes
3answers
7k views

Stranger in Asia wants to send me $3000 in Europe over Western Union because he “likes me”? [duplicate]

Of course, this raises a hundred red flags, but I was wondering, assuming: I don't have Western Union account, and would need to make one for this transfer He does not personally ask me for my ...
3
votes
2answers
2k views

What is the maximum amount of money that can be transferred from India to USA?

Here are a few facts before I put in my question: I am a non-resident alien transferring a limited amount ( in dollars post tax) to India every couple of months. I put that money as a fixed deposit ...
3
votes
2answers
21k views

How much tax should I pay in US on interest earned on my NRE a/c in India?

I am a person on H-1B who passes Substantial Presence Test. I have transferred money which I saved from my salary to my own NRE account in India. I think that I can transfer any amount without paying ...
8
votes
3answers
54k views

What is a maximum amount that I can wire transfer out of US?

Say, I would like to buy a property in Thailand. The price is about $200,000. I might wire it to my Thailand's checking account. Just want to know is the limitation of wire transfer. Also, is there ...
6
votes
2answers
2k views

Will I need to worry about “structuring” with wire transfers?

I am moving a large (for me) amount of money from a US bank account to a Danish one. Both are in my name. In order to even out the risk of transient exchange-rate spikes I'm planning to do it as a ...
6
votes
1answer
2k views

Transfer money from US (“prepaid”) VISA Debit to AU bank account

I have a Citi prepaid VISA Debit card (these kind of cards) that has been issued in the US. I live in Australia, and would like to move money off of the card into my bank account. For reference, the ...
5
votes
1answer
941 views

Tax consequences of forwarding an international wire

I need to legally and quickly transfer $300,000 from China to my US bank account. All of the funds that I need to transfer were obtained through legal means (with proof documents), however China has ...
2
votes
2answers
195 views

What is the best way to move money to the US from Spain

I currently live in Spain and moving to the US in a couple of months. I do not have bank account in the US. I have around 8k euros in my Spanish bank account and my bank is suggesting me to close the ...
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 ...
1
vote
1answer
658 views

How to transfer money more cheaply from Hong Kong to Canada, without HSBC? [closed]

I live in Toronto, Canada. About every 2 months, with HSBC's "Global Transfers" tool, I used to send myself money from my HSBC account in Hong Kong to my HSBC account in Canada. Because I now need ...
0
votes
1answer
146 views

Safe and cheap way to send money from Canada to South America [closed]

Does anyone knows how to send money from Canada to a country in South America in a safe and cheap way? In the past I transfered from my bank account here in Canada to a South American bank account ...
-1
votes
1answer
165 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)....