Questions tagged [money-transfer]

Transferring money electronically between accounts.

27 questions with no upvoted or accepted answers
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0answers
153 views

Used an incorrect SWIFT code for transfer. Will money return or still go through?

I made an international transfer from my bank in Italy to the U.S. The recipient account number and routing number were correct including the address, but I mistakenly used the SWIFT code of the U.S. ...
3
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0answers
80 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 ...
2
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0answers
47 views

How does Transferwise work when the cash flows are unequal?

How does Transferwise work? My understanding is that Transferwise owns bank accounts with local currencies in multiple countries, and the users pay into these accounts and are paid from another ...
2
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0answers
53 views

Transferring money from HSBC UK to TD Bank in Canada

Lets say I want to transfer money to Canada from UK. HSBC-UK asks me to to enter the following information Payee account number Payments Canada Routing number Bank Name Now the question : Should "...
2
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0answers
120 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 ...
2
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0answers
82 views

What are the written instructions for making a transfer between a US credit union account and a UK building society account?

I have an account in a credit union in the US and an account at a building society in the UK, and I wish to transfer funds from the former to the latter. The credit union has a printed form for ...
2
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1answer
73 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 ...
1
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0answers
24 views

How can I find a RIB code in a SBI passbook?

I want my dad to transfer me money from my country which is Ivory Coast (Cote d'Ivoire) in Africa. So they are asking for a RIB code; I don't know to which details it matches in SBI and I can't find ...
1
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0answers
50 views

ACH transfer to incorrect account type ('Savings' instead of 'Checking') - US bank to another US bank: Is it lost?

A friend visiting the US was asked to transfer $2000 for rent payment to a US bank account. On February 12th, while doing an ACH transfer from his US bank account to the landlord's account in another ...
1
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0answers
338 views

Incomplete IBAN used in bank transfer

A transfer form a client listed only 7 digits of my IBAN (and 1 in error), the clearing number, my name and bank address are all correct. The clients account has been debited but mine has not been ...
1
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0answers
107 views

what constitutes a 24 hour period for ACH transfers?

My bank limits me to a 50K ACH transfer in a day. Is a day 24 hours from the time I scheduled the transfer? Or from the time of the scheduled delivery?
1
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159 views

Does government track wu transfer?

I have been sending money to my family back in China over year now and probably sent 25000. But last week I was trying to send it through wu agian and they put it on hold and decline saying it ...
1
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0answers
62 views

Do I need to pay tax in USA for money remitted

I am planning to transfer money from India to USA. Do I need to pay tax in USA for the money inwardly remitted. If yes, what is the percentage rate?
1
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0answers
593 views

Efficient way to transfer money from Greece to Canada

I currently reside in Canada and I want to transfer a small portion of my money from Greece (from my parents). What's the most efficient way to transfer money in order to avoid the bank fee + low ...
1
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0answers
289 views

Why does PayPal rely on bank card to send money to friend instead of using my bank account?

My PayPal account is linked to my bank account and the Mastercard that's linked to it. Both are verified and work fine when I use PayPal to purchase goods from the Net. Last night, I wanted to pay ...
0
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0answers
48 views

How to send money abroad from India if the transaction does not fall under LRS scheme?

I would d like to send a small amount (about USD 100) to a person living in Turkey for some freelance work. I found some sites like sites like XendPay, FxKart that allows you to transfer money abroad ...
0
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0answers
30 views

Cyprus Contract work

If a person has a work contract in Cyprus and wants the funds in a USA bank what are the regulations - $1899,000 with getting this large amount transferred?
0
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0answers
24 views

How long time does it take for money sent to the Barclays BIC to reach my Revolut account?

My British client just accidentally used the intermediate BIC of Barclays instead of the Revolut BIC when paying their invoice. (I've now removed that from the invoice) How much more time is expected ...
0
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1answer
79 views

will an international wire transfer to France still work with the wrong bank address

a few days ago I sent a wire transfer from Canada to France, all of the info (wire recipients financial institution name, bank code, account#/IBAN, wire recipients name, beneficiary name) is correct ...
0
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0answers
56 views

how can i convert my rupees into dollars? and what about the tax deduction

I have INR (Indian Rupees) in my bank account and I wish to convert INR to USD and Send it to my friend who is in america. he is in need of 1 lakh and 20 thousand 1600 USD.how much tax i have to pay ...
0
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0answers
100 views

Can you legally keep(pool/collect/save) people's money to give to an organization?

Is it legal for me to get checks from say ten people for $300 to pay for a weekend camp, and then give the camp a check for $3000, or can only a 501(c)3 to do that?
0
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1answer
154 views

Can I send money to indian saving account from Canada bank account?

I am confused about how to send money from Canada bank account to my Indian Saving account since I came to Canada only for work assignment for 1 year. I came to Canada in November,2018 and moving ...
0
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0answers
30 views

Local routing numbers to receive payment in AED

I live in India. One of my clients requires a UAE based bank account to make the payment. I was looking for local routing number providers like Transferwise and Payoneer. These companies provide ...
0
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0answers
45 views

Transfer from NRE account to salary account

I am working in Kenya with an Indian company duly registered in Kenya as a branch. I am getting my salary from India in my salary account and I am also getting an overseas allowance from Kenya in ...
-1
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1answer
62 views

Zelle Advice: Nonprofit donor sent over 1K through Zelle to the wrong person who won't refund it?

We know it is theft if money deposited by a bank to someone's account in error is kept with knowledge that it is not theirs. But what about Zelle? Someone donating over 1K to a nonprofit sent it to a ...
-1
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2answers
115 views

Cost-effective way for my client to transfer payment to me for freelance work

I'm a software/game developer from the Philippines and someone from the US has hired me to make a game. The game is now completed and the remainder of the payment is still about USD $100,000. My ...
-1
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1answer
91 views

Where can I find out details about the actual network on which SWIFT banking works?

What I'm primarily interested in: Finding out whether Bank A in Country X has a direct SWIFT connection to Bank B in Country Y, or does it compulsorily have to go through Bank C in some country? ...