Questions tagged [money-transfer]

Transferring money electronically between accounts.

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97 votes
10 answers
94k views

Scam or Real: A woman from Facebook apparently needs my bank account to send money

A woman on Facebook recently contacted my dad. She asked him to get a bank account so she could send him money, and he would send money to her employees (about 12 people), and she would pay him for ...
Ivana's user avatar
  • 1,053
81 votes
12 answers
43k 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 $...
ApexAdam's user avatar
  • 699
72 votes
5 answers
25k 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 ...
Palpus's user avatar
  • 719
67 votes
6 answers
26k views

Stranger sent me $12,100

I have a small landscaping business and I advertised through Facebook. Some guy reached out to me via text message, asking me to do a job for him. He asked for a quote for installing sod in his ...
Sergio Fuentes's user avatar
53 votes
9 answers
16k 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 ...
mbmast's user avatar
  • 639
53 votes
4 answers
17k 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 ...
willow's user avatar
  • 451
51 votes
5 answers
27k views

Why is transferring money online to someone else's bank account so difficult in the U.S.?

I used to live in a poor, third world country (India) where I freely transferred money between my bank account (a savings account) to accounts held by my friends in different banks, and different ...
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45 votes
11 answers
18k 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 ...
Adelin's user avatar
  • 561
38 votes
3 answers
12k views

How to prove that invoices are really unpaid?

When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove ...
Liam's user avatar
  • 381
38 votes
7 answers
12k views

Money transfer scam

I live in Croatia and my family breeds dogs. When we have puppies we list them for sale on a Croatian website similar to eBay. Every once in a while for the past year or two we get a message from a US ...
Mario Plantosar's user avatar
34 votes
6 answers
9k views

What risks are there acting as a broker between PayPal and electronic bank transfers?

I have a company offering a position as a transaction representative, they're located in Poland and say they can't take direct payments or use Paypal due to "money amount limits" on Paypal there. ...
Patricia Link's user avatar
32 votes
9 answers
15k views

How do you send money when you're not sure it's not a scam?

I've been hunting around for an apartment recently, and along with the countless posts on Craigslist, I found one with a good price but slightly strange story. The poster claims to have been sent to ...
TheEnvironmentalist's user avatar
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
  • 411
30 votes
5 answers
78k views

Why is there a limit of 6 ACH transfers out of savings accounts (per month)?

I recently discovered this limit the hard way, after being charged a fee for each transfer over the limit. With online banking becoming so prevalent, this is a huge inconvenience as it prevents people ...
The Matt's user avatar
  • 1,473
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
  • 393
26 votes
5 answers
84k views

How can I set up a recurring payment to an individual (avoiding fees)?

What methods are there for me to transfer X dollars per month, directly to another individual's bank account? I'd rather avoid sending a check every month and the attendant hassle when a check goes ...
Bryce's user avatar
  • 2,530
25 votes
5 answers
8k views

kids pooling money for Lego League and taxes

Based on Will I be taxed for accepting money to help needy?, I am wondering how the law goes. Suppose a kid is taking part in a school activity (e.g. http://www.firstlegoleague.org) along with a team ...
Raj's user avatar
  • 3,472
23 votes
4 answers
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....
Ekorre's user avatar
  • 331
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
  • 1,440
18 votes
4 answers
5k views

Is this guy trying to scam me?

I met a guy online and we FaceTimed and used Skype to make sure that we both were the people in the pictures. He’s from Estonia but lives in Alabama. He had to go home because his mom passed away but ...
Nichole's user avatar
  • 189
17 votes
3 answers
41k views

I Lost $1000+ on EntroPay - How should I best pursue getting my money back?

I wanted to buy a laptop from Lenovo shop, but it turned out they were not accepting my card, so I went on to the EntroPay. This website, as it mentions, provides Virtual Credit Cards for online ...
John Smith's user avatar
15 votes
7 answers
5k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
kloddant's user avatar
  • 521
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
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
  • 607
11 votes
6 answers
9k views

Can I use a credit card in an ATM to withdraw cash?

Can anyone tell me whether or not credit cards issued within the USA can be used in ATMs in the USA for the purpose of withdrawing cash? Or can only debit cards be used? If credit cards can be used, ...
Pablo74's user avatar
  • 135
11 votes
1 answer
3k views

Should the bank cover money lost due to an unsuccessful transfer?

Recently I have transferred money from Deutsche Bank, Germany to Standard chartered Bank, India. My transaction was not successful due to an Indian Government policy change for demonetization. The ...
JharPaat's user avatar
  • 219
11 votes
3 answers
28k views

Is transferring money in multiple small transactions dangerous?

I've got a transfer limit of 1k on my account at a bank. At one point in time, I wanted to transfer a larger sum (upper 4 digit range) from this account to another account at a different bank. To work ...
mafu's user avatar
  • 325
11 votes
1 answer
26k views

What happens with an international transfer in a different currency than my own?

My customers are in Germany and I told them to pay the money for me using a bank transfer. I gave them the swift code and the IBAN and other information, but the problem is that I forgot to tell ...
Ahmad Houri's user avatar
11 votes
2 answers
594 views

When do I need to transfer money to the owner when buying a used car? Used car transaction paperwork and details

I am looking to buy a used car from an owner in Arkansas, and I am very nervous. How does this transaction happen step by step? I met with the car owner, tested the car, took it to a mechanic, ordered ...
user3191304's user avatar
10 votes
3 answers
384 views

Does that mean I'm fooling the US gov?

I'm a foreign student studying in the US. Soon, I'm a launching a website where an American ad agency will handle posting the ads on it from American advertisers and the revenues are supposed to go to ...
RMITW4life's user avatar
10 votes
2 answers
5k views

Money sent to loan account after it has been paid off and closed

For the last few months I have been paying off a loan via automatic payments from my current account that transfer over automatically each month. The loan got paid off and the bank closed the account. ...
C_B's user avatar
  • 215
10 votes
2 answers
59k views

Can Japanese banks receive payments via IBAN?

Can Japanese banks receive payments from outside Japan via IBAN? For instance, Japan Post Bank does not accept IBAN, so sending money to a Japan Post Bank account is very complicated. Is there no ...
Nicolas Raoul's user avatar
9 votes
4 answers
2k views

Is this follow-up after a car crash a potential scam?

A few nights ago I had an accident with another car. I hit their bumper bar, put about a tennis ball size dent. No damage was done to my car. I didn't tell them that I had insurance. Just putting ...
Ransty Jr's user avatar
9 votes
5 answers
74k views

Transfer money from Canadian bank account to US bank account while living in the US

I'm Canadian and I will be doing graduate study in the US, but I will have scholarship money deposited in my Canadian bank account (it has to be done like that, and no, they won't send checks). So I ...
sxu's user avatar
  • 193
9 votes
1 answer
11k views

Receiving money from friend: PayPal?

I made some hotel + travel arrangements through the Net, and a friend needs to pay me back. We both have PayPal accounts, but I've never used it to receive money. So far, I only used PayPal to send ...
Gulbahar's user avatar
  • 223
9 votes
1 answer
16k views

Why doesn't Bank of America or Wells Fargo have free ACH push or pull funds transfer?

Using my credit union's account I can do free ACH push or pull from both of my Bank of America or Wells Fargo checking accounts. However, I was wondering why doesn't Bank of America or Wells Fargo ...
f1StudentInUS's user avatar
8 votes
6 answers
2k views

How can my friend send $3K to me without using Paypal?

My friend is a paraplegic. He can't go to the bank and wire the money. He used to send money from our partnership via paypal. Now I am banned from paypal. What's the alternative? Google checkout? I ...
user4951's user avatar
  • 1,053
8 votes
3 answers
106k views

How does a big lottery winner cash his huge check risk-free?

You've just won $20 million in the lottery. Until you figure out what do do with the cash, you want to move it to the safest place you know: US Treasury account(s). But the lottery (per the ...
Witness Protection ID 44583292's user avatar
8 votes
2 answers
4k views

How does a bank transfer money to another bank?

In a fiat currency if I do an electronic transfer for US$200,000 from say a Bank of America current account to Citibank how do the banks account for/handle the transfer? Are we just relying on trust ...
matt f's user avatar
  • 175
8 votes
1 answer
3k views

Best way to transfer abroad loan amount to Indian parents Savings Account

Can you please advise: I am working in Dubai, and applied for a loan of 25 lakhs, I would like to use this funds to repay my personal loan (to relatives) and want to buy a land with left out money. ...
shivu's user avatar
  • 81
8 votes
3 answers
5k views

What is the best way of transferring money from American to Canadian bank? [closed]

I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in $...
serg's user avatar
  • 885
8 votes
1 answer
180 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 ...
Nikhil Sharma'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
7 votes
2 answers
16k views

Is it important that I check the correct "Account type" box for direct deposit/withdrawls?

On tax returns and direct deposit forms you fill out your bank's routing number, your account number, then tick a box for checking or savings. How important is checking the right box, however? At my ...
Nick T's user avatar
  • 275
7 votes
2 answers
2k 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?
user98094's user avatar
7 votes
1 answer
4k views

How important is the beneficiary field in a bank transfer in the Euro zone?

When doing a bank transfer in Germany (and probably by now other countries that have Euro with IBAN and BIC) you have to give a beneficiary. In German, that is either called Kontoinhaber or ...
simbabque's user avatar
  • 223
7 votes
2 answers
35k views

International transfer: is IBAN code enough for a transaction?

Do I need to know the bank name if I want to electronically transfer money to a private and I only know his name, surname and IBAN? It seems that I need to know the BIC (SWIFT), or the bank name, in ...
aneuryzm's user avatar
  • 171
7 votes
1 answer
3k views

What is the usual delay for a SEPA transaction?

I wired some money from France to someone having an account in Germany, using a SEPA (Single Euro Payments Area) My bank acknowledged the transfer, and the person is telling me his didn't. He is ...
BenoitParis's user avatar
6 votes
3 answers
2k views

Money transfer via western union

I met someone online three weeks ago. Supposedly an electrical engineer from Miami. Went to Lagos for one week to do an electrical job. Now is in Dubai to sign contract on another electrical job. ...
Linda Bonnell's user avatar
6 votes
6 answers
618 views

If I carry a lot of money from Germany to Spain, what can go wrong?

Currently I have a bank account at Deutsche Bank with approximately 30k€ I have collected working and saving money. I want to move all this money to my Spanish bank account. I have already phoned them ...
Troyer's user avatar
  • 165

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