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Questions tagged [money-transfer]

Transferring money electronically between accounts.

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3
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2answers
1k views

How can I buy USD or convert INR to USD, having INR in my bank account and end up having USD in my bank account?

I have INR (Indian Rupees) in my bank account and I wish to convert INR to USD and keep my money in USD in my bank account so that I can transfer amount in USD to US account to avoid more commission ...
3
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3answers
860 views

Is it legal to receive money out of the blue?

I was reading a question and answers about a classical scam. The modus operandi is clear. It made me wonder about the legality of receiving money out of nowhere on my account. How legal is that? (in ...
3
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2answers
5k views

Transferring money through ACH, SWIFT or Wire?

What are the differences among these three ways of transferring money? Which one should I choose for transferring small amounts of money from the US to other countries, from an individual to another? ...
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2answers
1k views

How does Wells Fargo can detect my right account if I have multiple accounts when I am transferring money?

I have 4 different bank accounts with 4 different banks. I wanted to transfer money from my account in Wells Fargo to my account in some other bank ONLINE. But I don't see any option to add my other ...
3
votes
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 ...
3
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1answer
776 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, ...
3
votes
1answer
3k views

Getting paid as a Mexican independent contractor doing work for a U.S. company?

I have been offered a remote job for a serious but small U.S.-based company. I am Mexican and I won't move to the U.S. The company tells me that hiring me as an employee would be a big problem for ...
3
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1answer
667 views

When traveling in Southeast Asia, what is the best bank and card to use?

I am going to travel to Asia, to Thailand and Indonesia among other countries (yet undecided). I am traveling from Denmark and have a Danish bank account - but also a Swedish one since I'm originally ...
3
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1answer
192 views

Transferring Help to Buy -> Lifetime ISA

I have been paying into a Help to Buy ISA for about 2 years. I recently realised that the Lifetime ISA is much better for my needs. I know that I have missed the deadline to transfer all my money ...
3
votes
2answers
2k views

How can I send dollars to a person in Venezuela?

Is there any way to send US dollars to a person in Venezuela? As I understand it, there is crazy inflation in Venezuela right now and the "official" rate for dollar to Bolivar exchange is wildly ...
3
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1answer
101 views

Just incorporated. Can I transfer my last personal paypal payout to my new business account?

I have an online business since 2009 and used to report the income as personal income. 3 months ago I finally incorporated my business but due to complications (and my lack of experience), it took ...
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2answers
1k views

What options do I have to transfer money to UK

Some Background I have been working full time in UK for last 5 years and had been sending my savings through different means e.g. western union, taking with me while flying(undeclared as they were ...
3
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1answer
78 views

Can my U.S. company do work for a foreign company and get wire transfers to my personal account?

I am thinking of setting up U.S.-based consulting business & thinking of doing work for a company based out of China. I would be handling the majority of the work in the U.S. and it may possibly ...
3
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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 ...
3
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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 ...
3
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1answer
8k views

What's the difference between “direct credit” vs. “local wire transfer”?

Wikipedia states that the alternatives to cheques include "direct credit" and "wire transfer" among others. What is the difference between "direct credit" and "local wire transfer"? For example, ...
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2answers
2k views

Receive money from US Client to Myself in India by selling services

I have some clients in United States that I am doing some software development for them. How can I receive money from them. What are the exact legal steps that I need to take so this works perfectly? ...
3
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1answer
15k views

As a US Permanent Resident, how much money I can send from the US to India in my NRE account per year?

I am a Permanent Resident of US. (My wife also has a GC). We both are working (I am in IT and my wife works in a Store). We both share the same Bank account in US. The question is how much money I ...
3
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1answer
94 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 ...
3
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3answers
5k views

What happens if I made an international transfer without SWIFT code?

I've just made a transfer from my Hungarian bank account to my new, Canadian one. However, I didn't have any knowledge of my SWIFT neither my IBAN code. I transferred a serious amount of money, and ...
3
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1answer
3k views

How to add TransferWise Borderless Account as a Bank Account in Paypal

I want to withdraw my money in Paypal to TransferWise Borderless Account since the conversion rate offered by TransferWise is better than Paypal's. I want to add it as a Bank Account in Paypal but I ...
3
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1answer
297 views

Money Transfer by Indian Citizen to US Citizen to Settle a Debt

I am a US Citizen. I sent money to help out a relative (an Indian Citizen) in India. I used Western Union to transfer the funds from the US -- I paid in USD and he received the remittance in Rupees. ...
3
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2answers
348 views

Sending money to India from the United States

I am a student in the United States and I have taken an education loan back in India. My parents sent me money taken from the education loan for my tuition fees and expenses which I don't need now. ...
3
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1answer
157 views

Transferring money to India from UK?

I am a Indian Resident and moved to UK for company assignment for short period. In UK, Company giving me some amount for my expense on which i am not paying any tax. I am managing to save some money. ...
3
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1answer
917 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 ...
3
votes
1answer
1k 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 ...
3
votes
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 ...
3
votes
1answer
214 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 ...
3
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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? ...
3
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1answer
505 views

Money transfer from US account to Indian saving account while in India

I was in US and came back to India. I want to transfer (using xoom/transfast) from my US account(that I have not closed) to Indian saving account. Is it illegal to transfer your money back from US ...
3
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1answer
1k views

How can I determine the exchange rate and fees that were applied to an international wire transfer?

I received a wire transfer from Europe a while ago. The money was sent as EUR and converted into USD by HSBC. Since the incoming transaction showed an amount that was around 3% less than expected, I ...
3
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0answers
71 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 ...
3
votes
1answer
163 views

Is it possible to transfer money overseas as a surprise?

I want to send a small monetary surprise gift to my friend overseas. But I don't want my friend to be able to know that I am in the U.S.; I don't want my friend to know where I am right now. Is ...
2
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4answers
2k views

Is this considered structuring?

If a friend is depositing (transferring) cash into my bank account in parts, is that considered structuring? To be more specific, he is waiting on specific amounts and deposits whatever is on hand. ...
2
votes
2answers
263 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 ...
2
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2answers
3k views

Please help: Is it safe to give this personal and banking information to someone? [closed]

Is it safe to give this information to someone? Name of Account Holder: Name of Bank: Bank Account Number: Address of the Bank Branch: Bank Swift Code: Phone Number of ...
2
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4answers
770 views

Does transferring $10 to various bank accounts count as money laundering?

I am making an app that rewards users with real money for using the app. The money comes from the profit I get from ads the user views. Basically, I am sharing my ads profit with my users. However, ...
2
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2answers
1k views

Transferring $30,000 from own checking to own savings account: Should I be worried?

Over the last couple of years my checking account balance has gotten very large, and I would like to transfer a large portion about $30,000 to a savings account. I'm in the U.S, and both banks are in ...
2
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1answer
1k views

Curious about MoneyGram

Someone wired my friend money to supposedly help pay a bill now that the bill has been paid they are demanding her to pay it back and send it to Nigeria they are saying she stole the money and is ...
2
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1answer
823 views

someone deposit money on my credit card

someone activated my new credit card while I was still using the old one. the same day they deposit 980 dollars in my credit card, they didnt have a chance to use it because I blocked right away both ...
2
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1answer
15k views

How long does it take for a Tangerine no-fee money-transfer email to be delivered?

I live in Canada. I use Tangerine (formerly ING Direct). Tangerine is the "direct banking" division of Scotiabank; it has no monthly fees but also no tellers. They let me send "Interac email money ...
2
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4answers
232 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, ...
2
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2answers
592 views

How to prove that I did not receive a payment

I'm working with an online company that sends payments through a bank. I sent them a payment request a while ago with my IBAN + the bank SWIFT and other details provided, so they could transfer the ...
2
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1answer
387 views

Sending money, Western Union, for an acquaintance - is this safe?

A friend of mine asked if I could send some money to their family for them (in another country), via Western Union, using my name and address. They would give me the cash, and I would simply send the ...
2
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2answers
245k views

How do I send money from account to account using an ATM, within India?

I would like to know how to transfer money from an account to another account, using an ATM within India, which banks allow to transfer money. If we cannot transfer money from account to account in ...
2
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1answer
312 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 ...
2
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2answers
287 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,...
2
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1answer
123 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 ...
2
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1answer
284 views

How can I start trading in cryptocurrency when none of the trading sites support the banks in my country?

I live in Jordan, and-unfortunately-none of the trading sites support banks in my country. So I can neither use CC, nor direct money transfer. Do you happen to know a workaround for my situation?
2
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1answer
18k views

How can I receive foreign funds in my account in an Indian bank which lacks a SWIFT code?

I'm to receive some money in USD from a company directly to my account. I'm a resident of India and the branch where I have my account doesn't have a SWIFT code. The company will not give the money by ...