Questions tagged [money-transfer]

Transferring money electronically between accounts.

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2 votes
0 answers
60 views

tools/means to money transfer from India to USA legally [duplicate]

I see questions Legality and transfer for EB5, but does not answer on how to do the money transfer from India to USA. For USA to India transfer there are many websites/and Bank. I left India about ...
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3 votes
2 answers
2k views

What kind of money scam is this? Weekly allowance?

I was talking to a "woman" (because "on the Internet, no one knows you're a dog") on a social media platform. We exchanged Kik usernames and continued to talk about random stuff. After she said that ...
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2 votes
1 answer
613 views

Can I cash out Bitcoin without proof of provenance?

I have around 25 BTC from back when Bitcoin was around 10$ or lower. At the time, a friend sent them to me and I never thought they would ever be worth much. Since that time, I've moved them around ...
0 votes
0 answers
455 views

Sugar Daddy wants to transfer money into my account and occasionally buy gifts for his customers..Am I being scammed? [duplicate]

I started talking with a guy and got into a sugar baby arrangement with him. He offered to pay off my credit card and pay me $800/weekly. I never gave him my bank info or anything related to me, but ...
3 votes
2 answers
3k views

What is the safest method of receiving payment for expensive items being sold on Gumtree?

I intend to try to sell a laptop on Gumtree. Since this is my first time selling something online, my knowledge of this is near zero. I've researched the safest ways to sell items on Gumtree and I'...
1 vote
1 answer
469 views

Used wrong branch number in last 3 digits of SWIFT Code

I am sending from my Canadian bank to her bank Wells Fargo in California. I was supposed to use the universal swift code WFBIUS6S. But I accidentally used WFBIUS6SLAX. (For the specific Los Angeles ...
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 ...
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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 ...
  • 189
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 ...
5 votes
2 answers
10k views

Can I be arrested for not returning money someone else deposited in my bank account?

Someone sent me a check willingly for $4800 and now they want it back because I refused to send it to other people after it was sent in fear of me being involved in crime. And said I scammed them and ...
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2 votes
2 answers
688 views

Cash payment in used car dealership

I plan to purchase in a used car dealership without financing. In order to be prepared to buy on the spot what money transfer options are common place? If all possible I prefer a method which leaves a ...
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0 votes
2 answers
2k views

Is it illegal to transfer money to people in foreign countries? [duplicate]

A friend keeps sending money to foreign countries to guys she calls friends and recently began asking me to do it for her through Western Union. Can I get in trouble for this?
6 votes
0 answers
245 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. ...
2 votes
1 answer
3k views

Sending money ($80k) from USA to India, any issues with IRS?

I would like to send money around $80k USD to INR to family in India, to purchase a property. This is the money from my savings and loan. I read somewhere that If I send more than $14k to a person, ...
-4 votes
4 answers
614 views

A lady contacted me said lead by faith that im a good person to donate money to me

A lady contacted me by a name of Pierrette Mala said she is about to die and is an orphan and has no family to leave her money wth and has been lead by faith that im a good person to leave this money ...
0 votes
1 answer
208 views

My money transfer went to the wrong bank, what can I do to reverse it?

I have 2 different bank accounts with a bank and a credit union. A payment through seller was posted into the wrong account. What can I do to reverse the transaction?
-3 votes
1 answer
732 views

Is this a scam or not a scam?

I received the below email. Is is a scam or not a scam? Attention: Mohamed Atef, May the peace of the Lord be with you. Yes He left an ATM/VISA CARD with me before he traveled out of the ...
1 vote
1 answer
2k views

My friend asked me to transfer money to her overseas' family, is that legal? [duplicate]

My friend asked me to transfer money from my bank account to her overseas' family because she has reached her limit of overseas remittance. She transferred AUD$4,000 to my account and asked me to ...
4 votes
1 answer
2k views

Transferred money to an Intermediary Bank Account by mistake

I am having a problem with transferring money to pay for my tuition fees. The university has sent me these payment instructions: I have transferred the fees directly to the intermediary bank account ...
1 vote
2 answers
978 views

Accept a check on my behalf in USA, and then transfer the money to me in Europe

I live in Europe, and I work with a client from USA. Currently he is only able to pay via check, so now I am looking for some way to get paid. Best way would be to have a relative or a close friend ...
1 vote
1 answer
65 views

Rewarding my affiliates [closed]

I could not find a really fitting site and thoight this is the closest. Otherwise please let me know. I own a website where I get income from affiliate links. I would like to give back some ...
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0 votes
0 answers
49 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 ...
2 votes
2 answers
526 views

Part time job offer where employer's customers sends money to my bank account and I send it to my employer [duplicate]

I am a teenager looking for a job to earn some side income while studying, but I am very uneducated on bank transfers and such. I found this job offer and I do not know if this is legitimate or a scam,...
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3 votes
1 answer
2k views

Can "Trustly" be trusted with my bank credentials?

To add money into my PayPal wallet I have to use Trustly. Trustly connects to my bank account and draws the funds from there. In order to connect to my bank account I need to provide them with MY ...
  • 1,355
-1 votes
2 answers
125 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 ...
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0 votes
1 answer
138 views

What are some options to store money abroad in a safe and preferably cheap way?

Assume the situation in which you live in a country that shows tell tale signs that its moving to a hyperinflation. People's money will become useless. You have the option to move some of it in other ...
  • 1,355
2 votes
4 answers
282 views

Why don't banks process money transfers more often?

From what I've seen, most banks process money during night batches and once during the day around lunch time. Some resources I found say that during the day most banks process transactions at 10:30, ...
  • 1,355
0 votes
1 answer
450 views

Forgot to remove blanks from IBAN

I've forgotten to delete the spaces in IBAN while sending money via swift.I checked the MT 103-single customer credit transfer paper, Everything is just correct but the blanks.(No missing digits only ...
7 votes
1 answer
175 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 ...
5 votes
1 answer
858 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 ...
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5 votes
2 answers
5k 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 votes
2 answers
195 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 ...
1 vote
1 answer
48 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 ?
4 votes
4 answers
614 views

Give other entities access to only deposit funds in my account

Giving your checking/savings account number to someone is incredibly insecure - they can debit your account! The routing numbers are public information. How can I have an account that only accepts ...
2 votes
2 answers
325 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 ...
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0 votes
1 answer
373 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 votes
1 answer
92 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
1 answer
116 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 ...
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1 vote
1 answer
139 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
0 answers
495 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 ...
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0 votes
1 answer
1k 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 ...
6 votes
1 answer
357 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 ...
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2 votes
1 answer
297 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 ...
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72 votes
5 answers
24k 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 ...
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3 votes
2 answers
300 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 ...
  • 148
22 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....
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2 votes
1 answer
146 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
0 answers
16 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 ...
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0 votes
1 answer
171 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?
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1 vote
1 answer
3k 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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