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Questions tagged [money-transfer]

Transferring money electronically between accounts.

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2
votes
1answer
133 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 ...
2
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1answer
7k views

Is it acceptable to receive payment from U.S. in Indian saving bank account via PayPal?

I'm working as a MyCommerce - RegNow affiliate. I promote software/desktop utilities of various software vendors associated with MyCommerce and they pay me some commission for each sale. MyCommerce ...
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2answers
1k views

How can I do a money transfer from Lebanon to India for payment on a consulting project? [closed]

I am an Indian citizen and hold a domestic account. I am doing a short term consulting project for a client in the Middle East and they will be paying me in $. The amount that will be transferred is ...
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1answer
6k views

Economic way to transfer money from China to U.S.?

I am a student in U.S.. My family in China would like to send me some money (about $30k) to me by the end of this year, which can be done by single time or several times if necessary. Is there any ...
2
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1answer
528 views

Why are for-a-fee wires faster than 2+ day free ACH

My understanding was that any bank-to-bank transfer (be domestic or international) has to go through the Federal Reserve (why does a private institution have to be privy to all transactions?), and it ...
2
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2answers
153 views

Efficient International money transfer

I have been living and working in Japan for a few years and have accumulated a sizable amount of money(about 100k$ worth) in a Japanese bank account(Yen currency). I am now about to go back to live in ...
2
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1answer
1k views

Is it possible to send money from India to USA using Paypal?

I want to send $500 to a friend based in USA. But after searching on internet I was able to find that we could not send money to USA but on some websites I found we could send the money. Does anybody ...
2
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2answers
3k 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
431 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 ...
2
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1answer
2k views

Overseas fund transfer by certified check

I work as a freelance web developer/designer residing in India. Recently I finalized a deal with a client in Jacksonville, FL for a web design contract which involves a weekly payment. The problem is ...
2
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3answers
15k views

How to send money from my Indian bank account/debit card to my PayPal account?

I have a verified PayPal account which I'm using for the last 3-4 yrs. I want to buy a book from a web site, but PayPal is the only option listed for payment. I have money in my bank account, but I ...
2
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1answer
241 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 ...
2
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1answer
13k views

Transfer money from Wells Fargo to another WellsFargo account every month

I need to transfer 5k from my WellsFargo account to my landlord's WellsFargo account. But, according to the bank clerk, there is no way to do this transfer online. I have to go to the branch every ...
2
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1answer
234 views

Tax on remittances from UAE to India

My son is working for a company in the UAE. His salary is paid there in AED and every month he transfers some money to his mother's account in SBI. Does my wife have to pay tax on that?
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1answer
1k views

Transfer Money from My Account in India to my account in the USA

I am an Indian citizen living in the USA. Can I wire transfer money from the my NRO account in India to my checking account in the USA? This money, I originally wire transferred from my checking ...
2
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1answer
1k views

To transfer money between banks, is it better to withdraw or deposit?

If I'm transferring money from Bank A to Bank B, I have multiple options: Tell Bank A to deposit the money into my account in Bank B. Tell Bank B to withdraw the money from my account in Bank A. ...
2
votes
1answer
3k views

Can I send USD from US to Savings Account in Indian Bank

I have been in USA for the past 1.5 years (on H1B and currently not processing GC) and now I want to send a portion of my savings to a Bank in India (for example State Bank of India, HDFC). I have ...
2
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1answer
146 views

Is there a service in US that allows to make payment on my behalf

I got parking ticket in Washington and having hard time paying it, I have left the States since. Is there a online service in US that allows to make payment on my behalf, that I could use to pay this ...
2
votes
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. ...
2
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1answer
596 views

What is safe to share for an international bank transfer?

I am selling a smartphone to the guy who lives in UK (or that is what he says.) For the money transfer he asks me these things. Name Bank Name Account Number Iban Swift Code Is it okay to give them ...
2
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1answer
2k views

What is the maximum amount of money I can send from the US to India per year?

I heard that there is a limit on the amount I can send. Can someone shed light on this? Also, do I have to notify the IRS if I send above a certain amount? What is the amount?
2
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2answers
5k views

How to send money from europe to usa EUR - USD? [closed]

What's the best way for transferring money from Europe to the USA and vice-versa? By best I mean lowest fees and a good exchange rate. To the best of my knowledge banks are usually bad with both. I ...
2
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2answers
174 views

Are there good ways for an Indian company to wire money to an individual in Mainland China?

Are there good ways for an Indian company to wire money to an individual in Mainland China?
2
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0answers
26 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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0answers
86 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
79 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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2answers
147 views

How to get money (cash) with minimal fees from Europe (Pounds, Euros, Paypal) to South East asia

I have some investments that will be generating revenue in Pounds (UK banks), Euros (Holland, Lithuania) and PayPal. I am planning on doing a lot of travel in South East Asia (Thailand, Vietnam, Laos,...
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2answers
2k views

How much do Hong Kong banks charge to cash U.S. checks [closed]

Do they charge a %, or is it a flat fee?
2
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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 ...
2
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1answer
65 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 ...
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2answers
418 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 ...
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3answers
478 views

Foreign money comes to my account

A foreign friend wants to help me by transferring money to my savings account. I got an email from RBI telling me go for online procedure through a link. After completing 3 out of 2 steps, asking me ...
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2answers
432 views

Moving relatively large amount of money from one account to another

During a summer I worked in Norway and made a decent amount of money (~ $10k). Due to tax reasons, I had to open a bank account there I am now living (and will soon be working) in the UK and I have ...
1
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1answer
127 views

Giving out bank information

I asked a guy i know for one hundred dollars. He said send me your bank information so he could send it to me. Should i give it to him or use something else like paypal?
1
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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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2answers
766 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 ...
1
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1answer
1k 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 ...
1
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1answer
215 views

Debit Card vs. Bank Account Number (USA)?

I currently have in my possession physical debit card. Don't have my personal bank account number (both USA). I know it can be found online, on physical cheques, welcome material, statements but I ...
1
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1answer
163 views

What are the taxes in India on a transfer of a huge amount like US$10,500,000?

If someone transferred a huge amount into my SBI bank account, what taxes do I have to pay to the government of India?
1
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1answer
586 views

Why can't poor countries just print more money? [closed]

I know this is a really silly question that is really obvious, but what's stopping a country from just printing out a few more billion of their own currency and then using that money to buy goods from ...
1
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1answer
244 views

When can a financial institution be able to initiate money transfer to and from another?

I have an individual account with Fidelity.com and a checking account with a federal credit union. I found that when I login my Fidelity online account, I can specify to transfer money from or to my ...
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2answers
346 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 ...
1
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2answers
161 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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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
975 views

Is it possible for a bank to initiate an incoming wire transfer?

I am looking at the application form of a bank. One part of the application is like: BANK TRANSFER ORDER Sir, Madam, Please execute the following request of fund transfer Then there are ...
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2answers
117 views

IBAN money transfer, safe transaction

Is there any way to guarantee that an international european bank money transfer transaction (between private sellers) is safe? I mean, I will pay for a product, how do I guarantee that it arrives in ...
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1answer
377 views

Sold a property abroad and want to transfer the money into a US bank. >10,000. The property taxes on the sale were all paid in full.

Do I need to report to IRS or will I have to pay tax on the transferred money? I need to mention that the property abroad was bought by me BEFORE becoming a US permanent resident, and it was sold by ...
1
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1answer
247 views

What is the IBAN of this Serbian account?

I need to pay 620 Serbian Dinars to "budget account No. 840-742221843-57, model number 97, reference number 59-013" What is the IBAN of this account?
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2answers
21k views

Sent wrong payment to right IBAN but wrong SWIFT. What will happen now?

I sent a payment to the incorrect SWIFT but right account number. The money hasn't been received at the other end. What will happen now?
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2answers
226 views

If a bank has a transfer limit, what happens if another bank pushes/pulls more than that?

If bank B has a transfer limit of $N, whereas bank A has a transfer limit that is higher, what happens if bank A attempts to withdraw from an account in bank B more than > $N in one transaction? ...