Questions tagged [money-transfer]

Transferring money electronically between accounts.

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1answer
4k views

Transfer money from Travel Card issued in India to an Indian bank account [closed]

My Travel card is loaded in USD and issued in India. Currently I am out of India and want to transfer the USD from travel card to my Indian bank account. I almost tried all money transfer sites like ...
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2answers
548 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 ...
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1answer
2k views

Send money to someone with Bank of America

My nanny has a Bank of America account. What is the easiest way to send her money electronically. She is not tech savvy. I've tried Quick Pay multiple times, she can't seem to figure it out. I ...
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2answers
1k views

What is the cheapest way to move money from the United States to Canada? [duplicate]

I live and work in the United States but I have several loans in Canada that I need to pay on a regular basis, so I'm constantly moving money to Canada. Right now, I have an American Royal Bank ...
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2answers
4k views

What are the benefits of writing a cheque over online banking?

I have received a number of payments through cheque from other people, although I am uncertain about the exact benefits accrued from using a cheque to transfer money from one bank account to another. ...
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1answer
418 views

Cheapest USD to GBP transfer [closed]

I have recently returned from a year in the US and have my last month's paycheck sitting in my US bank account (which I have yet to close). I'd like to transfer most of it (say, $4500) into my UK bank ...
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2answers
168 views

What is the the most profitable way of transferring euro to usd in the states? [duplicate]

What is the the most profitable way of transferring euro to usd in the states. First answer it by bank transfer. I guess there would be a lot of fees. Another way i guess is through bitcoin since it ...
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1answer
476 views

How do I find the best exchange rate to convert 1 million Swedish krona into Euros? [closed]

I have 1 million SEK in a Swedish bank account which I wish to transfer to my bank account in a country using the Euro. How do I transfer this money so as to avail of the best possible exchange rate? ...
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1answer
3k views

Is it possible to transfer money from paypal to any master card?

One of my client offers me to pay through paypal , but paypal is not supported in our country . I have a master card which is provided by payoneer . Is it possible to transfer fund from paypal to my ...
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1answer
4k views

Is there any tax in India for money from Saudi Arabia

I work in Saudi Arabia, I took a loan here, nearly 10 lakhs Indian Rupees (1,000,000 Indian Rupees) and already transferred to my NRE account in India. My questions are: Is this amount taxable in ...
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1answer
3k 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 ...
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1answer
63 views

401k Transfer After Business Closure

I worked at a company for 4 years; they had my 401k set up through paychex. My paychecks started bouncing and soon the business was closed (it was part of a franchise and individually owned). A few ...
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1answer
1k views

Can I transfer funds from my NRO account to my NRE account if the source of my funds was from overseas?

I have transferred money from overseas to Indian savings account. when I went back to India I have opened an NRE account and the status of my savings account changed to an NRO account. My question is ...
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2answers
470 views

A way to store money in something like a credit card without my name on it? [closed]

I need to travel abroad, and one of the ways I thought I could easily take money without it being in a form of cash is to buy something. Gift cards obviously is a bad idea - it's limited amount ($100 ...
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1answer
146 views

Taking tax paid money back home to India from Singapore

I have worked in singapore , 30 months and paid all my taxes. I hold an NRO account in India. I do not have any NRE account. I need to transfer my post tax paid saving to India bank as I return home. ...
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1answer
193 views

Inexpensive Method of International Swift Transfer for Low Dollar Amounts?

I am dealing with a beareaucratic government office in Europe in order to get some family records. They will only accept SWIFT transfers and have provided me with two different accounts I need to send ...
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1answer
967 views

Pros and cons of different methods to transfer money from India to the U.S.?

I live in India, and I'd like to transfer money to a friend in the U.S., to settle a debt. Which of the following options work well: Give a rupee-denominated cheque. This would be denominated in ...
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1answer
114 views

How can I simplify my interactions with my online brokerage for buy, selling, and rebalancing mutual funds?

Whenever I want to buy or sell mutual funds, it ends up being a multiple day process for me. For example buying mutual funds: Visit my brokerage account and have them transfer the funds in from my ...
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2answers
3k views

Do IBANs have error correction built in?

I recently became the bursar of my sports club. My most frequent duty is to make payments. I get a bill, usually on a piece of paper, log in into our bank's online banking interface, and make a SEPA ...
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1answer
4k views

Sending funds to someone with no bank account

My nephew is getting released from jail in about 30 days, and lives in another city. My brother has agreed to send him funds to obtain a living space from his account that my brother is now the ...
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1answer
3k views

Legal way to give money to friend in USA and take equivalent amount in India

Is it legal to give money(USD) to a friend in USA and take equivalent amount in India? My friend is planning to buy a house and he wants some money in USA. He has the equivalent amount in India. ...
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2answers
4k views

Are there any implications if I do not report an Indian bank account during U.S. tax filling?

I have an Indian savings account to which I send money from the U.S. Over the year the maximum amount I sent was less than $10,000. I would like to know whether there are any complications if I don't ...
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1answer
419 views

Tax implications of transferring money to New Zealand from USA?

I want to transfer over $USD10K to New Zealand from the USA and am wondering if there is any tax implication? The money would be going from myself to myself.
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1answer
96 views

What is the most convenient way I can accept money transfer online? [closed]

I've made a deal with a person over email. He needs to send the payment online (around $3000), what is the quickest way I can make this happen? I need to be able to accept this transfer by tomorrow.
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2answers
93 views

What is the minimum information someone would need to know about me to wire money out of my brokerage account?

I'm doing my taxes and preparing my own statement in lieu of a 8949. My broker has provided me with a statement that has a lot of information on it. My first thought was just to mail the statement to ...
3
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1answer
2k views

Transferring money from Indian NRE account to UK

I am an Indian citizen with permanent resident status in the UK and I need to get some money from India to UK to purchase a property. My father will be gifting me the money and he has the money in his ...
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2answers
5k views

NRI in US, how to receive money from India to US

I transferred money to my parents as Gift 3 years back, now they will be helping me with some money here in USA. My parents are in India and want to send me some amount here in USA. Is that fine, any ...
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1answer
69 views

I'm working in London and I'm earning in GBP how can I transfer the money to India what taxes would be incurred

Kindly inform me how could I transfer the money from UK and I'm working there for 4 years and does it cost the tax and how much.
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1answer
122 views

Dollar transfering from australia to India and back to Australia

If I send Australian Dollar to FCNR in India, which I have already paid tax here, then when I bring back the same amount to Australia in a few years, do I have to pay tax again here?
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1answer
222 views

How can I find a checking account that allows for automated transfers of dynamic amounts?

Paypal provides a service called "auto-sweep" that allows you to regularly, automatically transfer the entire balance of your Paypal account into a linked bank account. Automated transfers of a fixed ...
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1answer
2k views

Income tax implications in India: sending money to ordinary OWN saving bank account

Could someone help on following: Please consider I am on work permit In EU and have not worked a single day in Inida in entire financial year Would I have to pay income tax other then TDS on interest ...
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1answer
2k views

How to send full loan amount to India from Saudi Arabia?

I work in Saudi Arabia, I took a loan here, nearly 10 lakhs Indian Rupees (1,000,000 Indian Rupees). My questions are: How to send the full loan amount from Saudi Arabia (money exchange), because I ...
3
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2answers
6k views

Transfer of property proceeds from india to USA

I am a U.S. citizen currently in Hyderabad for the past 3 or 4 years. I am not working and have no income in India but have Social Security monthly pension in U.S. (below taxable limit in U.S.) and ...
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2answers
802 views

How is money transferred between banks? [closed]

Assume there are two separate banks, bank A and bank B. There are also two people: Person A, Person B. They accounts have the following balances: Person A: 400 Person B: 0.00 Person A in order to ...
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2answers
36k views

How to get money from India to UAE

I have taken 25 Lac loan in UAE country and remitted this money to my mother SB account through Exchange. She withdrawn that money and used for personal commitments and bought one property. Now due to ...
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1answer
103 views

Tax on transfer of funds to USA

I m Indian citizen, living in a African country. How much tax liability will be there on transfer of funds to USA from this African country? Moving to USA is due to employment.
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1answer
778 views

What is a best way to take earned money from abroad to India?

I am a Indian citizen. I am going to work in UK for some years. I am looking a best way to send my earned money to india. the options are, 1) Saving the whole money in UK and get back all in a bulk, ...
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2answers
3k views

Advice on money transfer from Canada to South Africa [closed]

I am trying to figure out what is the best way to transfer money from Canada to South Africa. By best way I mean the cheapest way and of course the safest way for me. I have found a few weeks ago ...
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2answers
758 views

Is it possible to transfer money from UK bank account to Egypt bank account?

I am working currently in UK and my HSBC uk bank told me that it is not possible to transfer from/to egypt any money, so is that really true? and what other ways I can do so?
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0answers
166 views

How safe are withdrawals made using checking account number and routing number? [USA] [duplicate]

I am new to the US banking system and it makes me wonder how easily third parties like xoom.com can withdraw money from your checking account with only the account number and routing number. I ...
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2answers
4k views

How can we confirm if a telegraphic transfer has been credited to the beneficiary's account?

A while ago, I made a foreign telegraphic transfer from a bank account in Bank A to another bank account in Bank B. Bank A then sent me an 2 email; one confirming that they have received my FTT, and ...
2
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3answers
593 views

How can I transfer my money between US/Canada bank accounts with as little loss as possible? [closed]

I am currently living in Canada and have funds in a savings account with a Canadian bank. Say I decide to move back to the US, how could I move those funds to a US bank account with as little loss as ...
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1answer
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. ...
4
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1answer
3k views

What are the options for transfering money when moving to the US?

So I'm moving to the US in august porting a J-1 visa for a year long exchange program. I need to take money with me and currently, all I have is a Brazilian banking account and an international credit ...
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0answers
25 views

Best option for transferring Euros into Indian NRE account? [duplicate]

I have a bank account in EU in euros and want to remit some funds to my Indian NRE account. What is the most efficient way to remit the funds to my NRE account: Which methods give the best currency ...
3
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1answer
3k views

Reversing Electronic Transfer of Money

Suppose a friend sends me $500 through Chase Quickpay, and I accept it. The money goes into my account, and is available for further sending/withdrawal. Is it possible for Chase to reverse the ...
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1answer
1k views

I am an Indian citizen residing in the US on H-1B. Can I send my earnings to India to my regular Savings Bank Account?

I am in the US on H-1 B. I understand NRE, NRO and FCNR accounts are available to the Non resident Indians. But can't I continue to use my regular Savings Bank Account for sending money to India? ...
2
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1answer
134 views

Canadian accepting money electronically from Americans

What are some methods I can receive money from someone in the States if Paypal is out of the question? I run a small electronic cigarette company, and I'm finding it hard to find an easy method to do ...
4
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1answer
18k views

Sort Code, Account Number, but no account name

I'm trying to pay money into an account. I have the Sort Code and Account Number, but no account name. I know the company that owns the account, but I'm sure they have MANY accounts. Can I put just ...
17
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3answers
40k 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 ...

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