Questions tagged [money-transfer]

Transferring money electronically between accounts.

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International transfer in euro. Used swift code for wrong branch. What should I do?

Two days ago I transferred money from my Israeli account to my German account, but used GENODED1SPE instead of GENODED1SPW for the swift code. This code does exist, but belongs to a different branch ...
ge0rg's user avatar
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Could this be a scam [duplicate]

I'm asking a couple questions for a friend because I think he is being scammed. Is it possible to receive a check of a very large amount into a banking system (ILC group), but for you to receive it ...
Christy Taylor's user avatar
2 votes
1 answer
195 views

The last 3 digits swift code entered wrong branch. I asked to recall the international transfer. Where is my money could be?

24 Nov 2023: I send £9000+ from the HSBC UK to Cathay United Bank Taiwan. The money arrived to intermediary bank (CITI BANK UK) soon. And the HSBC app tracker shown the transfer is in progress for 5 ...
TanTanYueng0303's user avatar
0 votes
1 answer
507 views

Can my friend transfer from his Indian NRE account to my NRE account?

Me and my friend live in Mexico. He has borrowed some money from me in Mexico Currency. Now he wants to return that money in India Currency. So just wanted to check is it possible if he can transfer ...
Deepak Yadav's user avatar
12 votes
7 answers
10k views

How can I receive money without giving away my identity?

I am in the UK. I have won an online gaming competition in an extremely toxic international community. The prize is about $500. I do not wish to give any identifying details to this community. The ...
J. Mini's user avatar
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2 answers
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How can I transfer money from local US bank to international bank in Asia, if the local bank can only issue a cashier's check, not a wire transfer?

I am an American teacher in China. I received an inheritance of a substantial sum of money back in November: a few hundred thousand dollars. Because of the pandemic I could not get back to the USA ...
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1 vote
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Guaranteed Funds from a 9 day trade [duplicate]

Has anyone conducted a simple bitcoin trade with a "financial fund manager" where in 7 to 9 days you received a guaranteed 3-5x return on your investment? were there any charges associated ...
Shara Fergus Neufeldt's user avatar
7 votes
5 answers
4k views

How to wire for free

My paycheck goes direct deposit into Wells Fargo Bank. I have a bank account at Bank of America that I need to feed. However, it costs $25 to wire money from WFB to BofA. How can I get money from my ...
Alexander Mills's user avatar
29 votes
5 answers
9k views

Unsolicited e-transfer: Can I send the money back or am I getting scammed?

Out of the blue, I got sent $50 I wasn't expecting over Interac e-Transfer. Now, the sender has emailed me saying it was a mistake. I want to do the honest thing and send them back their money, but it ...
mm201's user avatar
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2 answers
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Why is there a need of thirdparty gateway while transferring money from one bank to another?

As per this, there is always a middleman for transferring fund between two banks. Why can't there be a direct communication between two banks? What problems would be arouse if there was direct ...
achhainsan's user avatar
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1 answer
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Do French plan épargne logement accounts accept incoming transfers from bank accounts that aren't the account holder’s other accounts at the same bank

Do French plan épargne logement (PEL) accounts accept incoming transfers from bank accounts that are not the account holder’s other accounts at the same bank?
Franck Dernoncourt's user avatar
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3 answers
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What information is needed for someone to withdraw money from someone else's (US) bank account?

I have a US bank account and a paypal account. I wanted to withdraw money from my bank account to my paypal account. The first step was to link the account. I did that by giving paypal my account ...
HanMah's user avatar
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2 answers
198 views

Why a relatively low limit for ACH transfers?

The ACH system supports transfers up to $1 million. However, the highest limit I see on this list of major banks is only $25,000. Why do banks set a relatively low transfer limit? From my ...
Qian's user avatar
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Challenges with SWIFT Transfers and Name Sanctions

My SWIFT transfers, approximately 5000 USD per year, have consistently been held by the intermediary bank. For the past 6 months, all of my payments are blocked. My clients are universities and ...
Mohaqiq's user avatar
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Will there be any incoming & outgoing taxes on $40,000 money transfer from USA to India and possibly back from India to the US between siblings?

I am an Indian citizen and future UK postgraduate student (September 2023). To fund my studies and living expenses in the UK, I have applied to for a local government scholarship, the result of which ...
philosyche's user avatar
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1 answer
243 views

Why would an insurer ask for a voided check instead of account+routing numbers to send an electronic funds transfer (EFT)?

Some insurer in the US has to send me some money. They wrote me the following: If you would like an EFT deposit we would need a copy of a voided check. Why would an insurance ask for a voided check ...
Franck Dernoncourt's user avatar
3 votes
1 answer
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Is the Interac e-Transfer email-to-bank-account mapping unique?

A mechanism (Interac) in the Canadian banking system permits people to send amounts less than $3,000 over email. This also works for transferring funds between two accounts held by the same person at ...
Sam7919's user avatar
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How to anonymously send money to a seller (without using crypto)? [closed]

I want to send money to a seller without giving them my info (name, address etc). However, they don't accept crypto. Paypal is an easy option but I heard my personal details get sent to them along ...
Gator's user avatar
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1 answer
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Add phone number to Zelle using email

I have a Zelle account tied to one of my email accounts. Someone sent a Zelle payment to my cell phone number. Can I add that as a second way to get funds directed to me or, alternatively can I switch ...
George White's user avatar
1 vote
0 answers
206 views

Transferring money from India to US from my Mom

I am an Indian married to an American citizen living in the US, in the waiting phase for my Green Card application decision Process. My husband and I share a joint account here in the US. My mom lives ...
Susan Adams's user avatar
-2 votes
1 answer
211 views

Why does it take up to 20 working days to refund an account after a failed SWIFT transfer?

I attempted a SWIFT transfer from Revolut UAB to Charles Schwab (USA). It failed due to incorrect recipient information. Revolut UAB mentions it takes up to 20 working days for the Revolut UAB to be ...
Franck Dernoncourt's user avatar
-3 votes
1 answer
270 views

How can I check what happened to a SWIFT transfer with a party that is neither the originator financial institution nor the beneficiary institution?

I have an account at a financial institution in France and I have an account at a financial institution in the US. I asked my financial institution in France to do a SWIFT transfer from my account ...
Franck Dernoncourt's user avatar
0 votes
1 answer
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Transfer of money between two international euro accounts

I was wondering if it is possible to transfer money electronically between my Finnish Nordea every-day bank account and my French Societe Generale bank account without any fee? I did a test transfer ...
CAF's user avatar
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1 answer
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Are there reporting requirements when transferring money between the US and another country?

Many immigrants in the US face a problem of transferring large amounts of money to and from their home country, usually including currency exchange. As a fact of life, transferring via a financial ...
ysap's user avatar
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4 votes
1 answer
173 views

What is the "current" way in GnuCash to "park" the money during a bank transfer?

I have multiply accounts which I transfer money between them, based on need. Between accounts from different bank family, the transfer takes normally few days. In this time, the money is already gone ...
Eagle's user avatar
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0 answers
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Why it is not possible to set a recurring weekly electronic money transfer to a 3rd party?

I am trying to set up a weekly recurring electronic money transfer (EFT/ACH) order to a 3rd party's checking account. It happens that 6 banks (so far) would not allow that. It seems like my options ...
ysap's user avatar
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19 votes
5 answers
6k views

Why are wire transfers not reversible by the bank?

ACH payments and credit card payments are both forms of electronic payments. Because of this, reversing a payment is usually as straight forward as calling your bank. However, this does not seem to be ...
AlanSTACK's user avatar
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1 vote
2 answers
158 views

Transfer money from German Postbank to USA

I am moving back to USA and need to send my money back to my USA bank. Tried to test send €100. Money never received in USA. Could someone please explain the correct information for these ...
Patty's user avatar
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Why don't unbanked people use cryptocurrency?

I hear a lot about Western Union and associated costs in the context of remittances. Also there are exchange rates anyway, between one currency and another. Also there is inflation and bank fees. Why ...
very big cat's user avatar
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1 answer
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Can't receive money in NRO

I have maturing LIC policies and PPF which I want to be deposited into my SBINRO account. Other banks and LIC attempted NEFT but it returned back. I also attempted to online transfer INR 500 from ...
avtar jain's user avatar
0 votes
1 answer
139 views

Where do independent digital wallets keep money?

When you cash in to your independent digital wallet, where does the money go? When I say "independent", I mean those digital wallets that are not backed by banks.
Noob_Guy's user avatar
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-3 votes
1 answer
161 views

Is it possible to make a transfer without the bank knowing? [closed]

I don't know if they approve every transfer, so if not, is it possible?
Melon's user avatar
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1 vote
1 answer
213 views

How can transfer $100k in my US account to my Dutch account

I have a 100k USD in my US account that I want to move to my a Dutch account. My American bank only allows wire transfers if I am there in person (I live in Europe), so that’s impossible. Consequently,...
Max's user avatar
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0 votes
1 answer
259 views

Can I use a friend's bank account while living abroad?

I've been living abroad for 2 years and work as an expat independent contractor. A friend is willing to open a bank account, on his name, exclusively for my use - so my client will send payments to ...
user5656's user avatar
2 votes
1 answer
246 views

Can I appeal the cost of a rejected funds transfer from my bank account?

I recently ordered the transfer of 1000 Euros from my bank account in Israel to my bank account in Germany. After a while, when the money didn't arrive, I realized that I made a very silly mistake: ...
user116990's user avatar
1 vote
0 answers
756 views

Receiving money on a Wise USD account from a US bank via bill.com for a non-US resident

Some companies use bill.com to pay their contractors. Bill.com website states this: Note: To successfully receive a payment by a Bill.com customer will have to meet the following criteria: Your ...
the_cool_mind's user avatar
0 votes
2 answers
130 views

How do I transfer funds from the US to Japan if the amount is more than the wire transfer limit?

I'm buying an apartment in Japan (which is where I live), so I need to transfer about $150K from my Bank of America checking account in the US to the apartment building company in Japan. According to ...
bubba's user avatar
  • 273
1 vote
0 answers
106 views

Why do IBAN transfers sometimes take multiple days?

Sometimes IBAN transfers can arrive the day they are made, and at most (at least in Germany) I think they can take 5 days to arrive in the recipients bank account. Why? What is going on that makes ...
D J Sims's user avatar
1 vote
1 answer
143 views

Will I be taxed on money I accept on behalf of an overseas family member?

I am a resident alien in the US. I have a family member overseas which is owed money for remote work by a person in the US. Transferring the money directly from this person internationally to my ...
Rotem's user avatar
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-1 votes
1 answer
103 views

Where do I submit an ACH file in my application code?

i have 2 bank accounts Gobank and TD bank. i need to Debit Gobank and Credit TD bank via ACH. okay i understand the part where i collect information for each bank but where do i submit the information?...
Labor Poster services's user avatar
2 votes
3 answers
205 views

Why are there two different banks in different countries in this donation scheme?

The National Bank of Ukraine has opened a special account to donate directly to Ukrainian armed forces. The official information is here. Their own bank account number is UA843000010000000047330992708,...
Vilx-'s user avatar
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-1 votes
1 answer
142 views

Can you kindof hide a transaction from the government if you use ATM? [closed]

I'm a citizen of NL. I keep my money in US. I can send money from my US account to my NL account using Wise I can withdraw cash from US via ATM. Then deposit the cash into my NL account via ATM ...
user115836's user avatar
0 votes
1 answer
327 views

Trading Crypto With My Bank Account

I want to be a crypto trader and trade cryptocurrencies with my bank account. How it works is the seller would put his coins into an escrow account, the buyer will transfer him the money, and then the ...
Benjamin2002's user avatar
1 vote
2 answers
297 views

Sending Large Wire Transfers [duplicate]

I plan to make large amounts of wire transfers daily (which might be more than 10k) because I am a retail seller. Is there anything that I should keep in mind? For example, I heard transactions over ...
Benjamin2002's user avatar
-2 votes
1 answer
151 views

Controlling money I send a parent for everyday expenses without power of attorney [closed]

I send my parent, who lives far away, all the money they need each month for subsistence and probably more, but I'm certain they are not making the best use of it and they are not able to explain what ...
dsgkwqhtrudfhu's user avatar
1 vote
2 answers
253 views

When transfering IRA ask origin or destination institution?

I have some money in an IRA account with NEW YORK LIFE. I would like to transfer this money into a Fedelity brokerage account since I can buy individual stocks there. Who do I contact to arrange the ...
naiva's user avatar
  • 119
1 vote
2 answers
66 views

Time for an ACH Transfer

Imagine an investor who has two accounts at the same broker. One is a living trust account and the other is an individual brokerage account. Now the investor wants to move money from one account to ...
Bob's user avatar
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31 votes
2 answers
6k views

Why is my bank unable to track a direct transfer I made to another (fraudulent) account?

I was the victim of a scam. The scammer posed as a person I wanted to do business with, and I was tricked into sending money from my bank account to another bank account using an account number and ...
Bowtie's user avatar
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15 votes
2 answers
7k views

Money Order shredded by HOA, what do I do?

The HOA (Homeowners' Association) we are dealing with charged an NSF (Non Sufficient Fund) Fee and said they weren't able to cash the money order and since this is regarding a payment due in September,...
LeanMan's user avatar
  • 271
4 votes
2 answers
734 views

Bank account limits: How do I pay for a house?

I am planning to buy a house next year, which is likely to cost $500k+. To fund the purchase, I’ve been selling stocks that I’ve acquired or been given by my employer over the course of many years. ...
uczrkwon's user avatar

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