Questions tagged [money-transfer]

Transferring money electronically between accounts.

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-2
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1answer
122 views

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

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 ...
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2answers
216 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 ...
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2answers
49 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 ...
31
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2answers
5k 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 ...
15
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2answers
6k 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,...
4
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2answers
353 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. ...
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2answers
515 views

Someone asked me to log in into their bank account

For almost two months, I have been talking online to a guy who allegedly owns a mining company in Australia but works in NYC for his current job, gem dealer! Allegedly, currently, he is on a cruise ...
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1answer
89 views

Can someone explain to me how does the AirTm work?

Can anyone explain to me how does the AirTm work? I understand the basics of it, but the entire process doesn't appear "smooth"..Basically just wanted to check can I get the money the ...
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0answers
50 views

Reclaiming missing Revolut SWIFT transfer

I've sent a SWIFT transfer from my Revolut account to a Polish bank account (owned by my father). After sending it, I was asked for additional details (presumably because the amount was relatively ...
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0answers
43 views

Sending International Transfer from Jordan to Germany

I am trying to send enrollment fee to a German account for my master's degree. The university provided me with details that included: Receiver name Bank name IBAN SWIFT/BIC Do I need to use all ...
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0answers
94 views

SEPA credit transfer from EUR to GBP. What happens? Should there be fees?

All my bank accounts are in EUR (I am German) and I needed to transfer 100£ (GBP) to a british bank account to pay a reservation fee. I was provided with an IBAN to that account. I then converted from ...
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1answer
105 views

Leaving US temporarily to pursue a Ph.D. what to do with my assets?

I am currently on an H1b working as a software engineer in the US. I am applying to a lot of Ph.D. positions in Europe & Asia. I have about 350k USD in Index funds(100k+ profits) and 150k USD in ...
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2answers
375 views

International bank transfer on behalf of someone else

A close family member wants to transfer money from the UK to their personal account in Brazil using BB Remessa. Since they have reached their personal transaction limits, they have asked me to sign up ...
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1answer
181 views

Is it suspicious to send $10K via Interac e-Transfer by dividing it into 4 transfers of $2.5K each?

At my bank, there is a $3,000 daily limit and $10,000 weekly limit on Interac e-Transfers. Will the bank or regulatory authorities be suspicious if I decide to use Interac e-Transfer to send $10,000 (...
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1answer
63 views

Does binance use SEPA while withdrawing euro when we use sepa?

My bank deducted a portion of money that I withdrew from binance to my eur account? I asked santander bank in poland they answered: 0 PLN for transfer in EUR, from the EEA (European Economic Area) ...
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0answers
25 views

What happens if send low value swift payment via BEN?

I am wondering what happens if I made a low value swift payment (e.g under £10) which is less than the transaction fee. Would the payment be rejected?
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2answers
414 views

Is this a 'trust fund scam'?

A week ago i received an email from an old lady (i actually submitted an ad on a site to find penpals), it seemed okay at first, she said that she had no children or relatives, and her husband was ...
0
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1answer
118 views

How is digital currency different from that of an e-wallet? [closed]

To quote from the newspaper, Unlike e-wallet Digital currency does not involve a third party. A detailed explanation to this will be most certainly welcome. What is really being referred to here as ...
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0answers
97 views

The Military Junta in Myanmar tried to "empty" $1B from the NY Fed. As a deposit liability of the Fed, where would this money have actually gone? [closed]

https://www.reuters.com/article/idUSKCN2AW2MD?il=0 In the above article the Myanmar Military tried to "empty" the account belonging to the Myanmar Central Bank held at the NY Fed. This ...
0
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2answers
217 views

How many accounts can a scammer take money from? [duplicate]

Someone wants to give me a check over the internet to deposit into my account. If I have a checking and savings account, can they access both? or can they just get to one account?
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2answers
3k views

My sugar daddy wants me to pay a $50 conversion fee on paypal

This is the first time i’ve properly been involved with a sugar daddy and he wants me to pay $50 for the USD to AUD conversion rate on pay pal. is this a scam and should i just block him? i don’t want ...
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0answers
99 views

How do I safely transfer money from a US bank to a UK bank?

I am currently living in the UK after many years in the US. I want to safely transfer some money from my US bank (Ally bank) to my bank account in the UK. (Ally Bank doesn't do international transfers,...
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3answers
340 views

Inquiring does this sound like a romance scam

I met an individual on Facebook dating, he stated that a contract came through and he has to go to Turkey for three months to do the job. Individual states that he is a engineer for oil rig company ...
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0answers
37 views

What does "Monthly on %1$s" mean when setting a recurring payment with Revolut app? [closed]

When I try scheduling a recurring payment with my Revolut account,I can select a start date and then a "repeat" option, whose alternatives are: Never Daily Weekly on %1$s Monthly on %1$s ...
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1answer
64 views

How to transfer money from India to USA without attracting penalties

My Father is Indian citizen and I am a resident alien. If my father wants to send me money through bank to bank transfer, what is the limit and what are the latest tax and money transfer laws both in ...
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1answer
75 views

How much money can be transferred from India (from friend) to USA citizen | Any regulations?

I am a USA citizen. One of my close family friend (not a relative) can send money as a gift to me (up to 100k). Please let me know the procedure and forms that I/He have to submit with IRS/Tax ...
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2answers
15k views

Am I in a sugar momma scam? What’s should I do in my situation? [duplicate]

I was approached through direct message by a female account on Instagram (which seemed to be catfished) saying that she is a “sugar mummy” willing to pay $300 weekly for a sugar baby. “She” basically ...
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1answer
131 views

When doing a SWIFT transfer between two banks, which entities can stop the transfer due to suspicion of fraud?

I'm guessing that both the source bank and the recipient bank have the ability to stop the transfer. Can the other entity, e.g. SWIFT, stop the transfer due to suspicion of fraud?
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1answer
70 views

What is handled manually during a Swift transfer?

I read on this answer: A lot of SWIFT is actually handled MANUALLY What exactly is handled manually during a Swift transfer?
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2answers
712 views

Why are ACH transfers typically free, while wire transfers cost money?

I read on finance.umich.edu: A wire is a real-time method of transferring immediate funds and supporting information between two financial institutions and is relatively expensive to use. An ACH is ...
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3answers
155 views

Why do SEPA transfers involve no or minimal fees, while SWIFT transfers may cost anywhere between $15 and $45?

I read on moneytransfers.com (mirror): SEPA transfers involve no or minimal fees, while SWIFT transfers may cost anywhere between $15 and $45. Why do SEPA transfers involve no or minimal fees, while ...
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1answer
104 views

IBAN to SEPA converter

I have a UK bank account, and the IBAN number follows this example format as expected: GB45 LOYD 6016 1331 9268 19 When I log onto the Spanish utility company Iberdrola, I select the UK from the ...
2
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1answer
219 views

Sending Goods and Bank Transfer Scam?

I have an online clothes webshop on Aliexpress. Recently I have been approached by a buyer on Aliexpress who only wants to buy the goods directly and through (international) Bank Transfer. The buyer ...
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1answer
52 views

Gift from a brother who is USA citizen but resides in India for over 2 years would like to gift to a brother in USA who is American citizen

Can a brother in India who is an American citizen but living in India for over 2 years send a gift to a brother who is an American citizen in the USA without any tax consequences in India or in the ...
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0answers
369 views

Money gift from Indian father to son with British passport

Father in India wants to gift £ 50,000 to son in UK (who has British passport) for buying property. I am getting a letter from a Indian chartered accountant stating the source of the funds and tax ...
2
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0answers
69 views

Sending money to acquaintances in Armenia

Last year, I went to Armenia and stayed with host families or in small guesthouses. These hosts did not become friends or anything, but I am considering contacting them in view of the travel ...
0
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1answer
178 views

Dispute unauthorized charge on PayPal

I have an unauthorized charge for 500 dollars on my PayPal sent to a random person. I contacted PayPal about this and within 2 hours, they responded that they had thoroughly looked into the case and ...
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0answers
57 views

Is a non-resident allowed to receive money transfers from other non-residents to help them pay for things in Canada?

Suppose a parent has two children: child A and child B. Both children are 18+. The parent, child A, and child B are all non-citizens and non-residents of Canada; they do not live in Canada. Child A ...
2
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1answer
757 views

Tax implications on money transfers from India to the US

I am a NRI holding US Citizenship. I would like to repatriate INR (India) to USD from my NRO account from the proceeds of a property sale. I have paid all the taxes for the capital gains in India. I ...
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0answers
79 views

UK First house purchase - Amount solicitor has requested is greater than the amount I am expecting

I am currently in the process of buying my first house (UK), and am nearing the point of exchange of contracts. I have started transferring funds to my solicitor ahead of the exchange, but have ...
1
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1answer
391 views

Can I bring a large sum of inheritance money into the U.S. through an airport?

I'm an international student in the United States. I inherited around 1 million USD from my father. Can I bring that money into the U.S. through an airport?
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1answer
230 views

Can i receive money on PayPal account without a linked bank account

I have a PayPal account but I'm about to be paid without a bank account linked can I receive the money and spend it
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0answers
156 views

Receiving donations without others finding out my real name [closed]

First a little bit of context: I've written a book that I've self published. The book is under a pen name because I care about my privacy. I also have a blog. people that read my book might visit my ...
0
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0answers
627 views

Transferring money to a PayPal account from Western Union

PayPal, or at least under my PayPal account, allows me do perform direct deposits into the said account. Basically they issued me a PayPal account number and a Wells Fargo custodial account. Is it ...
2
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2answers
405 views

What is the utility of the Transferwise debit card?

I can't get my head around what the Transferwise debit card offers. If I have a credit card with no foreign fees, then I can just make payments with that wherever I go. Same with withdrawing cash ...
2
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2answers
667 views

Suggestions on how to transfer money between accounts as fast as possible?

I have my banking with one organization, and my investments with Schwab. I invest my money by "linking" my main checking account with my Schwab checking account, and then... Moving the money from my ...
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1answer
372 views

oil rig scammers [closed]

I have been talking to a man on hangouts for a couple months who says he is a private contractor and working on a rig in Germany now and says he needs money to pay taxes before he can work with cranes,...
1
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1answer
270 views

Transfer funds to India moving permanently [closed]

I am moving to India permanently in next 2 months from USA. What are my options to move my funds from USA to India considering I do not have NRE account. i.e. Is it mandatory to have NRE account? ...
6
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2answers
849 views

What are some drawbacks to Interac's e-transfer auto-deposit option?

As a user, what are the drawbacks for Interac e-transfer auto-deposit and what I should consider before using it?
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1answer
259 views

Transfer of Gifts From Iran to the US

I am a US citizen and a permanent resident living in the US. My family resides in Iran. My father which is a non-resident alien is currently supporting me financially and lives in Iran. Due to OFAC ...

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