Questions tagged [money-transfer]
Transferring money electronically between accounts.
450
questions
0
votes
1
answer
146
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 ...
- 11.1k
3
votes
1
answer
172
views
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 ...
- 133
1
vote
0
answers
137
views
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 ...
- 21
0
votes
1
answer
97
views
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 ...
- 155
1
vote
0
answers
59
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 ...
- 11
-2
votes
1
answer
131
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 ...
- 11.1k
-3
votes
1
answer
111
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 ...
- 11.1k
0
votes
1
answer
56
views
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 ...
- 103
1
vote
1
answer
132
views
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 ...
- 297
4
votes
1
answer
116
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 ...
- 141
0
votes
0
answers
81
views
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 ...
- 297
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 ...
- 1,060
1
vote
2
answers
95
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 ...
- 11
2
votes
5
answers
5k
views
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 ...
- 292
0
votes
1
answer
45
views
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 ...
0
votes
1
answer
129
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.
- 101
-3
votes
1
answer
149
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?
- 1
1
vote
1
answer
197
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,...
- 11
0
votes
1
answer
228
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 ...
- 27
2
votes
1
answer
213
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: ...
- 21
0
votes
0
answers
366
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 ...
0
votes
2
answers
97
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 ...
- 273
1
vote
0
answers
85
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 ...
- 141
1
vote
1
answer
138
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 ...
- 113
-1
votes
1
answer
96
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?...
2
votes
3
answers
179
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,...
- 1,127
-1
votes
1
answer
141
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 ...
- 11
0
votes
1
answer
289
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 ...
- 186
1
vote
2
answers
260
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 ...
- 186
-2
votes
1
answer
149
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 ...
1
vote
2
answers
251
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 ...
- 119
1
vote
2
answers
60
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 ...
- 1,378
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 ...
- 411
15
votes
2
answers
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,...
- 271
4
votes
2
answers
452
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. ...
- 43
-2
votes
2
answers
1k
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 ...
- 17
1
vote
0
answers
135
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 ...
- 131
1
vote
0
answers
53
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 ...
- 11
1
vote
0
answers
127
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 ...
- 111
1
vote
1
answer
109
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 ...
- 395
4
votes
2
answers
669
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 ...
user110542
1
vote
1
answer
273
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 (...
- 16.8k
0
votes
1
answer
76
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) ...
- 103
1
vote
0
answers
30
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?
- 11
0
votes
2
answers
732
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 ...
- 21
0
votes
1
answer
130
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 ...
- 871
1
vote
0
answers
99
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 ...
- 11
0
votes
2
answers
232
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?
- 9
-2
votes
2
answers
8k
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 ...
- 29
0
votes
0
answers
154
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,...
- 1