Questions tagged [money-transfer]

Transferring money electronically between accounts.

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1 vote
0 answers
408 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 votes
0 answers
70 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 ...
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0 votes
0 answers
210 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 ...
0 votes
0 answers
63 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 ...
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2 votes
1 answer
830 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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0 votes
0 answers
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 vote
1 answer
412 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?
1 vote
1 answer
290 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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2 votes
0 answers
185 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 ...
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2 votes
1 answer
888 views

Is it safe to sell with Zelle over a holiday

On 3 July 2020, Friday (while the US was on 4th weekend holiday) I sold a bicycle on Craigslist for $850 - a Zelle 'transfer' to my registered account with Chase bank. Today, 6 July, Monday - it ...
0 votes
0 answers
676 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 votes
2 answers
444 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 votes
2 answers
709 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 ...
-2 votes
1 answer
382 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,...
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1 vote
1 answer
285 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? ...
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6 votes
2 answers
1k 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?
1 vote
1 answer
347 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 ...
1 vote
2 answers
608 views

Is there a "structuring" risk when receiving international wire transfers?

I am trying to move a large sum of money from abroad to my bank account in the US via wire transfer and I don't want a Currency Transaction Report (CTR) being filed by my bank (if it's not necessary) ...
2 votes
0 answers
219 views

Do money transfer companies have a LEGITIMATE need for a passport copy

Money transfer service Azimo asks for a copy of my passport. I sent it, after having written 'copy' on it, for security reasons. My transfer then was rejected, because 'We weren’t able to verify your ...
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0 votes
2 answers
194 views

Transferring proceeds to US of real estate sale abroad

My mom just sold our small weekend house in a non-EU European country for something like US$35K. It was our family property. What would be the most elegant (meaning free of taxes, paperwork and ...
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67 votes
6 answers
24k 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 ...
2 votes
1 answer
517 views

I met a woman online who wants me to allow a third party to put money in my checking account to buy medicine for her mother

I've had a relationship for a month with a woman I met online. She is selling some things to make money to buy medicine from Africa for her mother. She wants me to give the buyer of the items my bank ...
0 votes
0 answers
91 views

Sugar daddy wants to transfer me money for me to buy him gift cards [duplicate]

I’ve been talking to a sugar daddy for a couple days and he wants to mobile transfer me 200$. He wants me to buy 150$ worth of google play gift cards for him and then keep 50$ for myself. Is this a ...
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1 vote
2 answers
226 views

How to deal with my dad's newfound obsession with Western Union and sending money to strangers in the U.S.? [closed]

I'm 23 and live in Vancouver with my mom and dad. (My sister lives in Toronto center, but she's with her girlfriend; she's 29). Over the past few months (well, since March 2019) my dad's become ...
1 vote
0 answers
37 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 ...
3 votes
0 answers
92 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 ...
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1 vote
1 answer
21k views

How can I connect my PayPal account with my Fidelity account?

How can I connect my PayPal (based in the United States) account with my Fidelity account? I don't see Fidelity amongst the bank options when trying to add a new external bank account in my PayPal ...
-1 votes
1 answer
110 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 vote
0 answers
368 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 votes
1 answer
451 views

He will give money [duplicate]

There's this man I met in facebook, saying that he will give me money. He's sending pictures of his house, garden, relatives. How do I know if this is a scam? He said he lives in Kiama, Australia.
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2 votes
3 answers
1k views

Is bill pay from brokerage to Credit card account possible?

What are the regulatory limitations [in Wisconsin, US] that prohibits one from paying one's Credit card bills directly from one's brokerage account?
1 vote
0 answers
73 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 ...
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0 votes
1 answer
142 views

Money transfer returned but not received by the sender

I was sent a money transfer from the UAE. Unfortunately, I gave details of my closed account to the sender. The receiving UK bank could not credit the money to an account so returned the amount to the ...
2 votes
0 answers
213 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 "...
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2 votes
1 answer
163 views

Are there any issues with sending money outside of the US?

My girlfriend is an immigrant and for her birthday, I asked her what she wanted. She said she would like me to send a gift back to her home country for her parents instead of getting her something. I ...
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2 votes
1 answer
452 views

Receiving payments in foreign currency, who sets exchange rate and fees

How do bank accounts receive payments in a foreign currency? Is the 'fee' charged by the account from which the money is being sent, or at the account where the deposit is being received? Which ...
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2 votes
2 answers
9k views

How to easily identify the source of bank transactions

Bank statements don't provide much information about the source of each transaction. Sometimes the description is clear, like for example "UBER" for a trip with Uber. Other times it's hard to ...
3 votes
1 answer
491 views

What does it mean to transfer money to a debit card?

When I go to transfer money on PayPal I notice that it lists my bank as well as my debit card as options to transfer money to. They both go to the same place (my checking account) so this had me ...
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1 vote
1 answer
221 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 recipient's financial institution name, bank code, account number/IBAN, wire recipient's name, beneficiary name) is ...
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0 votes
1 answer
104 views

Bank transfer to a friend? [duplicate]

Can I transfer from my Wells Fargo account to another person's Wells Fargo account?
4 votes
1 answer
230 views

receive money without other having to set up account [closed]

I'm part of an organisation in Switzerland and we organise events for students. They're from all over the world. Now we would like for them to be able to pay money online but without them having to ...
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1 vote
3 answers
490 views

Is a credit or debit card refund is technically-speaking the same as a wire transfer?

I am trying to figure out some categories to encompass some sort of money transfers / transactions but my banking "expertise" is falling short. Ok what I am trying to group are the things below: ...
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-5 votes
3 answers
820 views

Fraud or not: a stranger wants to transfer a lot of money to me [duplicate]

I have recently received an email from a stranger that says she wants to send me a big deal of money for some specific reason and she said that she has talked to the bank (Banque Atlantique Groupe ...
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1 vote
2 answers
161 views

International transfer: who determines the exchange rate?

I live in country A and work for a company located in country B. Every month, my salary (in USD) is paid via international transfer, and an exchange rate is applied for converting it to my local ...
0 votes
0 answers
76 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 ...
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 ...
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0 votes
0 answers
117 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?
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2 votes
1 answer
78 views

Transfer money from US to India [closed]

I have money in my USA account,I wish to transfer that to my Indian Account. What is the best way to send a large amount of money say $50,000 to $100,000 to India from USA? Thank you!
-4 votes
1 answer
738 views

Stranger from US wants to send me 65 million dollars and asking for bank details

Some random stranger on Twitter followed me and I followed her back.. Then I received this message from her: "Thanks for the follow back. My name is Mrs Jimmy Joy from Canada, a cancer patient and ...
0 votes
1 answer
432 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 ...

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