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Transferring money electronically between accounts.

2
votes
1answer
86 views

Transfer of UK Savings to USA

Since their birth (10 years) I have been saving money into a tax free account for my grandchildren in a UK bank. I now wish to transfer the lump sum to them in USA. They have UK and US citizenship as ...
1
vote
0answers
13 views

Money transfer from India [duplicate]

I am a green card holder in US, my mother wants to gift me $6000. I want to know if there are any laws that prevent me to accepting the monies as gift? Will I have to declare it in my return? Will she ...
0
votes
1answer
56 views

money transfer to US for medical treatment

I am going to the US for medical treatment for which I need to pay INR 25 lakhs to a hospital. What is the procedure to transfer the money? What is the limit per transfer? Is the transfer taxable?
1
vote
1answer
246 views

Someone gave me their account and routing number [duplicate]

A friend of mine who is away wants to help me pay off my credit card debit. I don’t want to give my personal info out. He said that until I’m comfortable I can pay it using his account and routing ...
0
votes
0answers
28 views

EBAR DOCUMENTATIONS

I am a U.S. citizen. I inherited an estate in Egypt worth of $186,000. To transfer this amount to the US, I need to fill out EBAR or form 3520. I want to follow every legal procedure with no ...
-2
votes
1answer
67 views

What are methods can get money to company? [closed]

I would like to know what are the methods can get money to company. I know following thing but what are other methods. by Stock by bank loan treasury bill or bond I want other methods other than ...
1
vote
2answers
70 views

IBAN money transfer, safe transaction

Is there any way to guarantee that an international european bank money transfer transaction (between private sellers) is safe? I mean, I will pay for a product, how do I guarantee that it arrives in ...
1
vote
1answer
249 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 ...
2
votes
3answers
719 views

What happens if I made an international transfer without SWIFT code?

I've just made a transfer from my Hungarian bank account to my new, Canadian one. However, I didn't have any knowledge of my SWIFT neither my IBAN code. I transferred a serious amount of money, and ...
0
votes
1answer
149 views

Can a transfer go through if the IBAN and SWIFT is correct, but the address and country of the bank 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
1answer
110 views

Dollar account or Euro?

I live in a country in the Eurozone and have a dollars account with one of the banks here. I'm expecting a payment from a client in the US. I was told that when a bank sends money to a Eurozone ...
0
votes
1answer
72 views

transferring money from India to USA [duplicate]

i saw multiple questions dealing with the topic. But they were bit old and i would like to ensure that there hasnt been any rule changes My parents are Indian citizens and they have bank account in ...
1
vote
1answer
81 views

Is it legal if I transfer money to my retired pensioner father who will create FD (fixed deposit) out of it?

Details: I am based out of India. I have already paid TDS on my salary and have also filed by tax-return for the same. Now, I will transfer some part of this money to my dad's account. I will also ...
4
votes
1answer
92 views

Am I subject to penalties if I accidentally transfer money to my HSA?

My bank lists my HSA next to my other checking and savings accounts. Sometimes I'll save money to an emergency savings fund I have. What if I transfer to the wrong account in error, and correct the ...
1
vote
3answers
423 views

Foreign money comes to my account

A foreign friend wants to help me by transferring money to my savings account. I got an email from RBI telling me go for online procedure through a link. After completing 3 out of 2 steps, asking me ...
41
votes
11answers
11k views

Why is a transfer from an account to another not done instantly when it's not the same bank?

I own accounts at two different Romanian banks. When I transfer money to another account at the same bank, the money is transferred immediately. However, when I transfer money to an account at a ...
1
vote
1answer
538 views

Sending money via PayPal anonymously [closed]

I know PayPal payments are not anonymous (people can see your email and all that) but my question is, if the payment will arrive to the bank account it's related to, will the banking system there (if ...
1
vote
1answer
118 views

Giving out bank information

I asked a guy i know for one hundred dollars. He said send me your bank information so he could send it to me. Should i give it to him or use something else like paypal?
1
vote
1answer
80 views

Sold a property abroad and want to transfer the money into a US bank. >10,000. The property taxes on the sale were all paid in full.

Do I need to report to IRS or will I have to pay tax on the transferred money? I need to mention that the property abroad was bought by me BEFORE becoming a US permanent resident, and it was sold by ...
0
votes
1answer
45 views

External fund transfer Internet banking

Recently I got the internet banking service and I want to make an external fund transfer to a bank in USA am in Jordan. and I have to fill the following fields to complete the transaction ...
0
votes
1answer
101 views

Money transfer by Indian citizen to US citizen as a gift

The grandparents who are Indian citizens would like to send money from India to the United States to gift their grandkids who are US citizens residing in US. Are there any restrictions on how much ...
0
votes
1answer
92 views

Paying first month's rent using a personal check/money order (international graduate student)

I will be moving from Lahore, Pakistan to Manhattan, Kansas in August to start attending graduate school. The leasing manager at my apartment complex informed me the following: "The first payment ...
0
votes
1answer
147 views

How are multi-billion transactions executed? [closed]

So when we think of multi-billion dollar cash transactions such as cash-based M&A deals, large real-estate projects ,etc. how are these transactions executed? Is it similar to me using my ...
52
votes
9answers
15k views

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

I am trustee for an elderly relative who is not financially competent, and being taken advantage of by a girlfriend. He cannot hold onto money for long, and so I need to periodically provide him ...
0
votes
1answer
351 views

Transfer money from UK bank account to Pakistan Foreign Currency account

I was a student in UK last four years. Now I moved to Pakistan permanently. I saved a lot of money there in my UK bank account. Now I want to keep that money in pounds, therefore I am thinking to open ...
2
votes
1answer
348 views

someone deposit money on my credit card

someone activated my new credit card while I was still using the old one. the same day they deposit 980 dollars in my credit card, they didnt have a chance to use it because I blocked right away both ...
1
vote
1answer
117 views

Can US based client of my brother transfer me his pay and I pay my brother the equivalent in cash?

My brother works in field of Digital Marketing at Pakistan. His clients are mostly in United States. His clients normally pay him via wire transfer which works fine but some money gets deducted from ...
2
votes
0answers
59 views

Transfer from Russia to the US after inheritance

My adult children will inherit an apartment in St Petersburg Russia. After the complexities of selling, taxes, etc., will there be any problem with a bank transferring the proceeds to the US? Will US ...
53
votes
4answers
14k views

Random and anonymous `western union´money transfers into my account, is it a scam?

Two months ago I received a money transfer of around 200 € into my account from a company called Custom House Financial UK, which turns out to be an affiliate of Western Union (ie. they do money ...
3
votes
1answer
120 views

Transferring Help to Buy -> Lifetime ISA

I have been paying into a Help to Buy ISA for about 2 years. I recently realised that the Lifetime ISA is much better for my needs. I know that I have missed the deadline to transfer all my money ...
5
votes
3answers
229 views

Transfer of money as Gift to daughter working in USA to fund her purchase a house

I am an Indian Citizen. My daughter is working in USA ON L1 Visa. She is in the process of purchasing a House in USA (CA). Since she is running short of money I wish to Gift her Rs 3,000,000, roughly ...
79
votes
12answers
26k views

A friend asks me all the time to pick up money for her (Western Union, Moneygram)

A friend of mine trades Bitcoin and often asks me to pick up money for her, i.e., someone sends money to me (on my name) and I just pick it up and give it to my friend. The amounts are usually around $...
-2
votes
1answer
106 views

I have money in a bank in South Korea and need to get it to the United States

I live in the United States. How do I transfer the money here without going to Korea to pick it up? I tried opening an account with World Bank but the money doesn't get to me even though the bank in ...
0
votes
0answers
57 views

Correct SWIFT but wrong bank account number [duplicate]

My question is My bank fill the Swift information correctly but they fill the bank account number wrong, it was 1 digit less. The receiver didn’t get money yet. What will happen...?
0
votes
2answers
625 views

How does this money-transfer scam work?

I'm in the market for an apartment on Craigslist, and a person emailed me with a too-good-to-be-true offer for an apartment that I can't visit because he happens to be out of the country. He then told ...
1
vote
2answers
315 views

Moving relatively large amount of money from one account to another

During a summer I worked in Norway and made a decent amount of money (~ $10k). Due to tax reasons, I had to open a bank account there I am now living (and will soon be working) in the UK and I have ...
2
votes
2answers
1k views

Please help: Is it safe to give this personal and banking information to someone? [closed]

Is it safe to give this information to someone? Name of Account Holder: Name of Bank: Bank Account Number: Address of the Bank Branch: Bank Swift Code: Phone Number of ...
1
vote
0answers
142 views

Incomplete IBAN used in bank transfer

A transfer form a client listed only 7 digits of my IBAN (and 1 in error), the clearing number, my name and bank address are all correct. The clients account has been debited but mine has not been ...
0
votes
2answers
100 views

Taxes in U.S for revenue or profit? [closed]

We created a game which users can convert their money to virtual money but they also can withdraw 90 percent of their money back anytime. We also established our LLC company for that. So if user ...
4
votes
1answer
157 views

When making an online money transfer, why is one often asked whether the source account is checking or savings?

When making an online money transfer, why one is often asked whether the source account is checking or savings? Example in Merrill Edge (https://olui2.fs.ml.com/MoneyMovement/MakeTransfer.aspx):
3
votes
2answers
1k views

How can I send dollars to a person in Venezuela?

Is there any way to send US dollars to a person in Venezuela? As I understand it, there is crazy inflation in Venezuela right now and the "official" rate for dollar to Bolivar exchange is wildly ...
1
vote
1answer
365 views

NRE to savings account

I am living abroad for the past three years on a student visa, and therefore fall in the 'NRI' category. I have a NRE account where I had sent some funds from abroad. Lately, I have been thinking to ...
2
votes
4answers
561 views

Does transferring $10 to various bank accounts count as money laundering?

I am making an app that rewards users with real money for using the app. The money comes from the profit I get from ads the user views. Basically, I am sharing my ads profit with my users. However, ...
1
vote
0answers
58 views

What are the written instructions for making a transfer between a US credit union account and a UK building society account?

I have an account in a credit union in the US and an account at a building society in the UK, and I wish to transfer funds from the former to the latter. The credit union has a printed form for ...
4
votes
1answer
174 views

Tax implications of non-US person family member gifting big amount of money to US resident

Let's say person A is person B's dad. Person A lives in Europe and is not in any way a US citizen/resident etc... Person B is a US resident (is there a difference between citizen and just a resident?)....
1
vote
1answer
129 views

What is the IBAN of this Serbian account?

I need to pay 620 Serbian Dinars to "budget account No. 840-742221843-57, model number 97, reference number 59-013" What is the IBAN of this account?
3
votes
1answer
91 views

Just incorporated. Can I transfer my last personal paypal payout to my new business account?

I have an online business since 2009 and used to report the income as personal income. 3 months ago I finally incorporated my business but due to complications (and my lack of experience), it took ...
2
votes
1answer
278 views

How can I start trading in cryptocurrency when none of the trading sites support the banks in my country?

I live in Jordan, and-unfortunately-none of the trading sites support banks in my country. So I can neither use CC, nor direct money transfer. Do you happen to know a workaround for my situation?
0
votes
1answer
55 views

Can I transfer money with a Paypal account of incomplete status?

Can I transfer money to my friend? What's the difference between send and transfer money?
2
votes
1answer
6k views

Transfer money from Wells Fargo to another WellsFargo account every month

I need to transfer 5k from my WellsFargo account to my landlord's WellsFargo account. But, according to the bank clerk, there is no way to do this transfer online. I have to go to the branch every ...