Questions tagged [money-transfer]

Transferring money electronically between accounts.

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2
votes
1answer
91 views

Are there any issues with sending money outside of the US?

My girlfriend is an immigrant and for her birthday, I asked her what she wanted. She said she would like me to send a gift back to her home country for her parents instead of getting her something. I ...
2
votes
1answer
52 views

Receiving payments in foreign currency, who sets exchange rate and fees

How do bank accounts receive payments in a foreign currency? Is the 'fee' charged by the account from which the money is being sent, or at the account where the deposit is being received? Which ...
2
votes
2answers
104 views

How to easily identify the source of bank transactions

Bank statements don't provide much information about the source of each transaction. Sometimes the description is clear, like for example "UBER" for a trip with Uber. Other times it's hard to ...
3
votes
1answer
111 views

What does it mean to transfer money to a debit card?

When I go to transfer money on PayPal I notice that it lists my bank as well as my debit card as options to transfer money to. They both go to the same place (my checking account) so this had me ...
0
votes
1answer
74 views

will an international wire transfer to France still work with the wrong bank address

a few days ago I sent a wire transfer from Canada to France, all of the info (wire recipients financial institution name, bank code, account#/IBAN, wire recipients name, beneficiary name) is correct ...
0
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1answer
83 views

Bank transfer to a friend? [duplicate]

Can I transfer from my Wells Fargo account to another person's Wells Fargo account?
4
votes
1answer
218 views

receive money without other having to set up account [closed]

I'm part of an organisation in Switzerland and we organise events for students. They're from all over the world. Now we would like for them to be able to pay money online but without them having to ...
1
vote
3answers
154 views

Is a credit or debit card refund is technically-speaking the same as a wire transfer?

I am trying to figure out some categories to encompass some sort of money transfers / transactions but my banking "expertise" is falling short. Ok what I am trying to group are the things below: ...
-5
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3answers
316 views

Fraud or not: a stranger wants to transfer a lot of money to me [duplicate]

I have recently received an email from a stranger that says she wants to send me a big deal of money for some specific reason and she said that she has talked to the bank (Banque Atlantique Groupe ...
0
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2answers
108 views

International transfer: who determines the exchange rate?

I live in country A and work for a company located in country B. Every month, my salary (in USD) is paid via international transfer, and an exchange rate is applied for converting it to my local ...
0
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0answers
55 views

how can i convert my rupees into dollars? and what about the tax deduction

I have INR (Indian Rupees) in my bank account and I wish to convert INR to USD and Send it to my friend who is in america. he is in need of 1 lakh and 20 thousand 1600 USD.how much tax i have to pay ...
38
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3answers
11k views

How to prove that invoices are really unpaid?

When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove ...
0
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0answers
99 views

Can you legally keep(pool/collect/save) people's money to give to an organization?

Is it legal for me to get checks from say ten people for $300 to pay for a weekend camp, and then give the camp a check for $3000, or can only a 501(c)3 to do that?
2
votes
1answer
65 views

Transfer money from US to India [closed]

I have money in my USA account,I wish to transfer that to my Indian Account. What is the best way to send a large amount of money say $50,000 to $100,000 to India from USA? Thank you!
-4
votes
1answer
545 views

Stranger from US wants to send me 65 million dollars and asking for bank details

Some random stranger on Twitter followed me and I followed her back.. Then I received this message from her: "Thanks for the follow back. My name is Mrs Jimmy Joy from Canada, a cancer patient and ...
0
votes
1answer
113 views

Can I send money to indian saving account from Canada bank account?

I am confused about how to send money from Canada bank account to my Indian Saving account since I came to Canada only for work assignment for 1 year. I came to Canada in November,2018 and moving ...
0
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0answers
29 views

Local routing numbers to receive payment in AED

I live in India. One of my clients requires a UAE based bank account to make the payment. I was looking for local routing number providers like Transferwise and Payoneer. These companies provide ...
2
votes
1answer
1k views

Curious about MoneyGram

Someone wired my friend money to supposedly help pay a bill now that the bill has been paid they are demanding her to pay it back and send it to Nigeria they are saying she stole the money and is ...
2
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0answers
33 views

tools/means to money transfer from India to USA legally [duplicate]

I see questions Legality and transfer for EB5, but does not answer on how to do the money transfer from India to USA. For USA to India transfer there are many websites/and Bank. I left India about ...
3
votes
2answers
801 views

What kind of money scam is this? Weekly allowance?

I was talking to a "woman" (because "on the Internet, no one knows you're a dog") on a social media platform. We exchanged Kik usernames and continued to talk about random stuff. After she said that ...
2
votes
1answer
324 views

Can I cash out Bitcoin without proof of provenance?

I have around 25 BTC from back when Bitcoin was around 10$ or lower. At the time, a friend sent them to me and I never thought they would ever be worth much. Since that time, I've moved them around ...
0
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0answers
241 views

Sugar Daddy wants to transfer money into my account and occasionally buy gifts for his customers..Am I being scammed? [duplicate]

I started talking with a guy and got into a sugar baby arrangement with him. He offered to pay off my credit card and pay me $800/weekly. I never gave him my bank info or anything related to me, but ...
3
votes
2answers
294 views

What is the safest method of receiving payment for expensive items being sold on Gumtree?

I intend to try to sell a laptop on Gumtree. Since this is my first time selling something online, my knowledge of this is near zero. I've researched the safest ways to sell items on Gumtree and I'...
0
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1answer
140 views

Used wrong branch number in last 3 digits of SWIFT Code

I am sending from my Canadian bank to her bank Wells Fargo in California. I was supposed to use the universal swift code WFBIUS6S. But I accidentally used WFBIUS6SLAX. (For the specific Los Angeles ...
25
votes
5answers
8k views

kids pooling money for Lego League and taxes

Based on Will I be taxed for accepting money to help needy?, I am wondering how the law goes. Suppose a kid is taking part in a school activity (e.g. http://www.firstlegoleague.org) along with a team ...
18
votes
4answers
4k views

Is this guy trying to scam me?

I met a guy online and we FaceTimed and used Skype to make sure that we both were the people in the pictures. He’s from Estonia but lives in Alabama. He had to go home because his mom passed away but ...
33
votes
9answers
13k views

How do you send money when you're not sure it's not a scam?

I've been hunting around for an apartment recently, and along with the countless posts on Craigslist, I found one with a good price but slightly strange story. The poster claims to have been sent to ...
4
votes
2answers
3k views

Can I be arrested for not returning money someone else deposited in my bank account?

Someone sent me a check willingly for $4800 and now they want it back because I refused to send it to other people after it was sent in fear of me being involved in crime. And said I scammed them and ...
1
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2answers
500 views

Cash payment in used car dealership

I plan to purchase in a used car dealership without financing. In order to be prepared to buy on the spot what money transfer options are common place? If all possible I prefer a method which leaves a ...
0
votes
2answers
746 views

Is it illegal to transfer money to people in foreign countries? [duplicate]

A friend keeps sending money to foreign countries to guys she calls friends and recently began asking me to do it for her through Western Union. Can I get in trouble for this?
5
votes
0answers
143 views

Used an incorrect SWIFT code for transfer. Will money return or still go through?

I made an international transfer from my bank in Italy to the U.S. The recipient account number and routing number were correct including the address, but I mistakenly used the SWIFT code of the U.S. ...
1
vote
1answer
374 views

Sending money ($80k) from USA to India, any issues with IRS?

I would like to send money around $80k USD to INR to family in India, to purchase a property. This is the money from my savings and loan. I read somewhere that If I send more than $14k to a person, ...
-4
votes
4answers
508 views

A lady contacted me said lead by faith that im a good person to donate money to me

A lady contacted me by a name of Pierrette Mala said she is about to die and is an orphan and has no family to leave her money wth and has been lead by faith that im a good person to leave this money ...
0
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1answer
190 views

My money transfer went to the wrong bank, what can I do to reverse it?

I have 2 different bank accounts with a bank and a credit union. A payment through seller was posted into the wrong account. What can I do to reverse the transaction?
-3
votes
1answer
543 views

Is this a scam or not a scam?

I received the below email. Is is a scam or not a scam? Attention: Mohamed Atef, May the peace of the Lord be with you. Yes He left an ATM/VISA CARD with me before he traveled out of the ...
0
votes
1answer
425 views

My friend asked me to transfer money to her overseas' family, is that legal? [duplicate]

My friend asked me to transfer money from my bank account to her overseas' family because she has reached her limit of overseas remittance. She transferred AUD$4,000 to my account and asked me to ...
4
votes
1answer
712 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
512 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 ...
1
vote
1answer
59 views

Rewarding my affiliates [closed]

I could not find a really fitting site and thoight this is the closest. Otherwise please let me know. I own a website where I get income from affiliate links. I would like to give back some ...
0
votes
0answers
44 views

Transfer from NRE account to salary account

I am working in Kenya with an Indian company duly registered in Kenya as a branch. I am getting my salary from India in my salary account and I am also getting an overseas allowance from Kenya in ...
2
votes
2answers
371 views

Part time job offer where employer's customers sends money to my bank account and I send it to my employer [duplicate]

I am a teenager looking for a job to earn some side income while studying, but I am very uneducated on bank transfers and such. I found this job offer and I do not know if this is legitimate or a scam,...
2
votes
1answer
300 views

Can “Trustly” be trusted with my bank credentials?

To add money into my PayPal wallet I have to use Trustly. Trustly connects to my bank account and draws the funds from there. In order to connect to my bank account I need to provide them with MY ...
-1
votes
2answers
115 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
112 views

What are some options to store money abroad in a safe and preferably cheap way?

Assume the situation in which you live in a country that shows tell tale signs that its moving to a hyperinflation. People's money will become useless. You have the option to move some of it in other ...
2
votes
4answers
237 views

Why don't banks process money transfers more often?

From what I've seen, most banks process money during night batches and once during the day around lunch time. Some resources I found say that during the day most banks process transactions at 10:30, ...
0
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0answers
97 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
votes
1answer
114 views

Forgot to remove blanks from IBAN

I've forgotten to delete the spaces in IBAN while sending money via swift.I checked the MT 103-single customer credit transfer paper, Everything is just correct but the blanks.(No missing digits only ...
7
votes
1answer
157 views

Relocation to US

I am relocating to Texas from India along with my family in the month of July 2019 to pursue a Phd. In order to effect a smooth transition, would like some advice on how to setup things to manage my ...
0
votes
0answers
93 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
votes
0answers
361 views

PayPal - getting away from them with TransferWise

We are outside the US and can't use Stripe for our business. Using PayPal, we have thousands of USD in the balance. I need to take large amount of money from my PayPal and move it to a bank account ...