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Questions tagged [money-transfer]

Transferring money electronically between accounts.

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1answer
1k views

Are U.S. aliens international money transfers taxable?

I am U.S. alien by L1 visa. I have savings in a country of residence and going transfer them to U.S. bank account. Should I report them? Are money transers taxable? Who is authorized to give me ...
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460 views

Transferring money to Indian private bank

I work for a friend overseas who want to pay me through SKRILL (MONEYBOOKERS - PAYPAL like service) in USD. I would have my Moneybookers account linked to my Savings Bank Account in a private indian ...
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425 views

In Canada, how can I most easily/cheaply send money to a friend online?

I'm moving from Europe to Canada, and considering the high fees for wire transfers (the default, instantaneous, cheap, online method I've always used so far), what is the most economical way to send a ...
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1answer
239 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, ...
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1answer
59 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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1answer
215 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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1answer
1k views

Can a transfer go through if the IBAN and SWIFT is correct, but the beneficiary name is wrong?

A customer of mine wants to pay me from the usa to my account with N26 bank.N26 Bank is a German online bank with no branches but available to customers in the euro-zone.I opened my account online in ...
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1answer
124 views

Dollar account or Euro?

I live in a country in the Eurozone and have a dollars account with one of the banks here. I'm expecting a payment from a client in the US. I was told that when a bank sends money to a Eurozone ...
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1answer
88 views

Is it legal if I transfer money to my retired pensioner father who will create FD (fixed deposit) out of it?

Details: I am based out of India. I have already paid TDS on my salary and have also filed by tax-return for the same. Now, I will transfer some part of this money to my dad's account. I will also ...
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1answer
159 views

Can US based client of my brother transfer me his pay and I pay my brother the equivalent in cash?

My brother works in field of Digital Marketing at Pakistan. His clients are mostly in United States. His clients normally pay him via wire transfer which works fine but some money gets deducted from ...
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2answers
315 views

Remittance of money from father who is an Indian to his son who is an Indian holding PR of America

My uncle, lives in India, wants to remit money to his son who is an Indian holding PR of America. His son wants to purchase Immovable Property in America. What is the procedure my uncle needs to ...
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1answer
138 views

Virtual Terminal WITHOUT merchant account? [closed]

Is there any such thing as access to the credit/debit/prepaid cards (issued worldwide) online charging Virtual Terminal without having to be approved for merchant account? So without owning it. I ...
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2answers
690 views

What are the options to transfer USD to CAD from within Canada?

I have a USD account with Bank A in Canada. I have a CAD account with Bank B in Canada. I would like to transfer USD money from Bank A to Bank B as CAD. What are the options available to do this ...
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1answer
5k views

Is it possible to decline a received bank transfer?

If I received a payment I haven't expected, could I decline it so the money would be returned back to the account they were transferred from? I'm in Ukraine if it makes a difference.
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1answer
666 views

Borrow money from a friend in US

I want to borrow some money from my friend in US. It's about 500,000 Rupees. Approx 7500 USD. I will return it in a week or so. Will both these transactions be taxed ?
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130 views

Do numbers in an account number represent anything?

For example Is it possible to understand what the currency of an account is from the account number. Is there a global standard for this or all banks have their own ?
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2answers
147 views

Free banking transfer every 4 weeks

In an effort to automate my banking life, I'm trying to setup recurring ACH transfers from one bank to another. I need the flexibility to do the transfer every other paycheck (every 4 weeks). Bank ...
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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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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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2answers
736 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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1answer
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What are the details needed to receive euros from my company in Germany to a bank account in India

I want to receive Euros from my company in Germany to my savings bank account (HDFC) in India where I work. What are the exact details I have to give to my company in Germany? My company's bank is ...
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1answer
254 views

High frequency of Bank Transfers without Card Reader

I need to make a large number of bank transfers. At the moment I am doing each transfer manually through my online RBS account using a card reader. Due to this, each transfer is long and laborious. ...
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1answer
39k views

How can my Canadian friend send me money in the United States? [duplicate]

I purchased some merchandise for a friend who lives in Canada. She wants to pay me for these items. What is the best way for her to do this?
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1answer
2k views

Will I have to pay taxes in India when I transfer money from a US bank to an Indian bank (Different a/c holders)?

I am based in US and plan to send money to India. A similar question addresses the issue when money is being transferred to my own NRE/NRO/FCNR account in India. I was wondering whether the tax ...
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1answer
40 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 ?
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1answer
101 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 ...
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1answer
857 views

NRE to savings account

I am living abroad for the past three years on a student visa, and therefore fall in the 'NRI' category. I have a NRE account where I had sent some funds from abroad. Lately, I have been thinking to ...
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2answers
641 views

Transfer money from India to US

I'm an NRI living in US. I want to transfer about 60 Lakhs INR from my NRO account in India to my US bank account. Entire money need not be transferred in one shot. It is fine to transfer it in parts. ...
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1answer
4k views

Can we avoid international money transfer fees by using Venmo or Paypal?

I have clients in Turkey that send me money via international bank transfer. All banks have a swift code that is used for international transfers. The fees charged are in the 70 USD range for the ...
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1answer
152 views

International money transfer taxes

I was wondering if transferring a significant amount of money from my Japanese bank account to my Canadian bank account would ring some alarms somewhere. I already paid more than my share of taxes in ...
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1answer
419 views

Money transfer from India to Dubai

I have to go back to India due to job loss and have to repay my bank loan in Dubai. How can I transfer money from my savings account to my bank in Dubai?
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1answer
59 views

Regarding transfer of money

My daughter is staying in Singapore after marriage, with her husband (working there for four years) studied and is in job (more than one year). My son is to shift to Australia to pursue his MS course. ...
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1answer
920 views

How does Wells Fargo verify bank accounts instantly for transfer?

I think every bank I've seen requires either (1) 2 trial deposits, or (2) an online user ID + password to verify your ownership of an external account for the purposes of transferring money. However, ...
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1answer
709 views

Are there any legal or tax issues for an international student receiving a gift via wire transfer?

I am an international student in the USA. I have a friend in UAE, he wants to send me money to cover my tuition cost ~$2500.00. He is planning to send it through the Western Union or Money gram. Do I ...
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1answer
2k views

Transfering money from NRE account in India to family member

I am a US citizen and I want to transfer some amount 10 lakhs+ to my brother from my NRE account in India to his account. My brother is going to purchase something for his business. He is going to ...
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1answer
765 views

In India, if I transfer money to my parents and they transfer it to their nephew, will it be taxable for my cousin?

I know the money isn't taxable when I send it to my parents and they send it to their nephew as it will count as a gift coming in at both places But if this is done sequentially and soon one after ...
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1answer
985 views

Can I send money from my VCC to PayPal?

I don't have a bank account due to several (personal) reasons, and I can't open one, but in some way (with help of my mobile service provider) I can have as many Virtual Credit Cards as I want. Those ...
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1answer
258 views

Is sending money from abroad (p2p) banned in India?

I was looking at Paypal wikipedia entry and came across this https://rbi.org.in/scripts/NotificationUser.aspx?Id=5216&Mode=0 Am I reading/understanding this wrong ? This facility shall be ...
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1answer
197 views

large recurring transfers of to India from US and/or taking Indian mortgage

I am a US citizen and have lived in America my entire life. My wife is an Indian citizen is in the US on a Greencard (K1/fiancee visa) for the last few years. Before marriage, when she was in India, ...
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1answer
751 views

Money transfer from UK to Indian bank account?

One of my friend is sending 100000 pounds to India, I have a bank account with Canara Bank here in India. He is asking for RIB and IBAN and I am not aware of it. Kindly tell me how to find this or ...
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2answers
871 views

Sending money from India to USA (INR to USD)

I am an independent researcher from India and want to publish my dissertation in a US based publishing organization.The cost for publication is US$ 25, which they accept only via money order or check. ...
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1answer
425 views

How can I send money to someone from India to Pakistan?

I've one friend in Pakistan who did freelance work on a website project. So, I have to pay him for it. But unable to find any gateway.
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621 views

What is the step-by-step process of transferring money from India to the UK?

I am a UK national and looking to buy my first property here. My father lives in India wants to help me with the initial deposit. From what I have been reading in some forums, I am not clear with the ...
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1answer
3k views

Monthly money transfers from US to Puerto Rico

I would like to set up a monthly transfer of money (same amount every month) from my bank account (in the [mainland] US) to my parents' (in Puerto Rico). I was surprised to learn from the person I ...
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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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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
142 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
182 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
406 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
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 ...