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Questions tagged [money-transfer]

Transferring money electronically between accounts.

1
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0answers
17 views

When should I pay my rent?

It's the first time I have to pay the apartment rent myself and I have some doubts about when should I pay it. The lease states: ... at the latest of the 5th working day after the commencement of ...
3
votes
0answers
63 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
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1answer
75 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
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0answers
91 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 ...
0
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0answers
41 views

best way to receive a USD wire transfer without a US account?

I'm based in the UK and want to receive some money from a US company called Fidelity. Last year I set up a transferwise 'borderless' account, which worked really well. I had a virtual US account, to ...
5
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2answers
4k views

What will happen if I transfer large sums of money into my bank account from a pre-paid debit card or gift card?

I want to use my credit card to put money on a pre-paid debit card, transfer it to my bank account, and pay off the credit card with that money so I can get points. I read that transferring more ...
0
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0answers
23 views

Tax implication for cash transfer [duplicate]

I am Indian citizen having some cash in my stock account in the US. I want to transfer this cash ~$9000 to my niece's (16 year old) account in US which she will use for her education related expenses....
0
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2answers
106 views

Is it possible for a merchant to withdraw money from a debit card without knowing the PIN?

I am from India. Recently I went to a store and bought some goods. After I was handed my bill, I gave the cashier my debit card. I was busy on my phone and didn't give it much thought, and to my ...
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1answer
35 views

Transfer Money to NRO account via third party

I moved to Singapore recently. Can I transfer fund to NRO account via third party remittance service like Instarem ?
3
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4answers
149 views

Give other entities access to only deposit funds in my account

I've had an account with OldBank, and recently opened an account with NewBank. In order to transfer money from OldBank to NewBank (both US banks), I could either give OldBank my NewBank login details (...
2
votes
2answers
218 views

Receiving questionable money Email Transfer [duplicate]

I have recently been offer a job as Account Technician, it's all done online. The job seems true with job search out and a decent webpage. My question is they want me to accept money thru Bitcoin or ...
0
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1answer
55 views

Is BIC really needed for TransferWise transfers?

I noticed that TransferWise when you do for example a crossborder money transfer, they only ask for IBAN, name and a reference. Then, they calculate a BIC code for that transaction based on the IBAN ...
2
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1answer
45 views

Fill W-8ben If the bank account is not mine

I am not a US citizen or resident. I suppose to get money from a US company so I have to fill a W-8ben form. I want the company to transfer the money to a bank account of a friend of mine. In such ...
3
votes
1answer
79 views

What is the cheapest way to send funds from Sweden to Switzerland? [closed]

I need to make a payment of about 6200 CHF to a Swiss bank account. My money is in SEK in a Swedish bank account. Would it be preferable to use Transferwise / something similar to it, or should I ...
1
vote
1answer
77 views

Landsbankinn and OTP bank issue [duplicate]

A friend of mine sent me a sum of some 300 EUR (from Iceland to Croatia) but mistakenly used the IBAN of my bank and not my bank account. He included my full name and bank's SWIFT code. What is the ...
2
votes
0answers
63 views

Escrow sent money to wrong account

I signed up for a HELOC, but the terms for me being approved for the HELOC required me to use the full balance to pay down part of my mortgage. The bank worked with an escrow company to ensure that ...
0
votes
1answer
85 views

Recent Green card holder. From US, how to Transfer money from my Indian SB AC to my recently opened checking account in US

Recent US Green card holder not NRI, as came to US just 2 months back. After coming to US, how can I Transfer money from my own savings bank account in India (No NRE or NRO A/C) to my recently opened ...
5
votes
1answer
107 views

Who Is responsible when a currency transaction is mistakenly converted by an intermediary bank?

My client transferred USD from the US to my USD currency account in Ireland. Their intermediary bank converted the funds to Euros so it hit my USD account in Euro, was converted back to USD by my bank ...
1
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1answer
193 views

A deal in own country not by cheque or online only by cash

I am a freelancer developer. I just met a client who lived in USA. He has offered to hire me. Here's the catch. The client said: "I have been warned by my bank not to pay by cheque or make any ...
72
votes
5answers
23k views

Why is a friend asking me to make multiple Money Gram transfers in my name using his money?

For the past few months, someone that I know casually is sending money to the Philippines every 2 to 3 days. He mentioned that the money is going to his family so that they can use it to travel to ...
4
votes
2answers
205 views

Why are international money transfer services so weird? [closed]

I've read this question: Looking for cheap international bank to bank transfer in USD and noticed several factual claims: A "standard international wire transfer" costs $40 USD, a huge fee. It's ...
22
votes
4answers
6k views

High conversion fee for failed bank transfer

I asked my Swedish bank to transfer to my UK bank 50,000 euros through a SEPA payment. Unfortunately, the IBAN and BIC were old and no longer in use and the UK bank returned the money the same day, i....
2
votes
1answer
99 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
65 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
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1answer
615 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 ...
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1answer
78 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
87 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
494 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 ...
3
votes
3answers
2k 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
310 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
117 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
389 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
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1answer
83 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
126 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
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3answers
450 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 ...
43
votes
11answers
12k 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
1k 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
123 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
102 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
48 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
122 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
101 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
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1answer
152 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
589 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
503 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
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1answer
147 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 ...
3
votes
0answers
65 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
15k 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 ...