Questions tagged [transfer]
A change in ownership of an asset, or a movement of funds and/or assets from one account to another. A transfer may involve an exchange of funds when it involves a change in ownership, such as when an investor sells a real estate holding.
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Bank sent int'l transfer to wrong beneficiary using wrong currency - when returned it was $2200 less because of conversion fees. Who's at fault?
At the end of May '23 I walked into my local WF branch with the instructions from WISE Bank on how to wire 72,000 euros to their Belgian branch. This was my first international transfer. The banker ...
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California car title transfer
I loaned a car to someone in California and I now want to transfer title to them for free. They will not sign the title transfer papers or return the car. I am concerned about my insurance liability. ...
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Transferring money: effective person-to-person transfer mechanisms: ACH, Fednow,wire, something else? [closed]
I'm curious what mechanisms exist to transfer "largish" amounts of money from one individual to another in the US.
Sending a check seems archaic and the last one I sent was lost in the mail.
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Does any French bank receive SWIFT transfers without taking any commissions? [closed]
I looked at Fortuneo and Société Générale: they both take a commissions when receiving a SWIFT transfer:
Fortuneo takes 12 EUR: https://i.stack.imgur.com/riXvc.png
Société Générale takes 22 EUR: ...
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Do in-kind security transfers from a US broker to another US broker keep track of the cost bases and holding periods?
If the specific US brokers matter, securities would move from Fidelity to Charles Schwab.
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In what case(s) does moving assets from a US broker to another US broker incur capital gains taxes?
I read on https://www.investingsimple.com/transfer-fidelity-to-charles-schwab/:
Before you [move assets from Fidelity to Charles Schwab], you ought to be aware of potential capital gains taxes. You ...
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Copying invoice between .gnucash files
Is there a way to easily copy a single Invoice from one .gnucash file, to another .gnucash file?
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Moving foreign-currency (USD) securities in kind into a registered account (TFSA) in Canada. How to update contribution room?
I wish to move securities (stocks) in kind from one account of an online brokerage into a registered tax-free savings account (TFSA) at the same brokerage.
How should this contribution to the TFSA be ...
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Why are there fees on international online transactions?
I have been talking to some nice people around the world who want to help me finance a project. But when I look into the practical issues, it becomes almost impossible to do because of bank fees. Why ...
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Cryptocurrency: What happens to coin value when it's transfered from one blockchain network to other?
I am very new to cryptos and trying to understand how transferring of a coin from one blockchain network to another works.
For example, let's say that:
The Bitcoin blockchain has X coins in ...
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Is it possible to track down the intermediary bank(s) used in an international wire transfer?
I have some small amount of US dollars (< $500) wired from China to my credit union in US monthly. There are extra fees deducted recently by the intermediary bank(s). I'd like to find out who the ...
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What tax is needed to be paid when gifting a daughter a rental
If I wish to gift my daughter a single residence that is rented out for $1000/month and my daughter would get the rent money for about 4 years or so, what taxes would I expect to pay on the transfer ...
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How to find the stock that I just inherited
My friend passed away Jan 15, 2022. I was notified this week by the custodian of the will, that I am named in the will as beneficiary of all my friend's General Electric Stock.
I was told that ...
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What are the benefits of moving larger amounts of money via wire transfer?
Suppose I have a family member attempting to send me a larger than normal amount of money. The question comes up of course about how to actually move it. I'd like to assume that there may be multiple ...
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How does a credit card company receive credit card bill payments? [closed]
If I make a payment to my credit card, how does that transaction actually happen behind the scenes?
Does money from my checking account get transferred into the credit card issuer's checking account?
...
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Correct fields of MT103 to fill information to ensure the Beneficiary would receive the payment in full without any deduction?
We once got a situation that: even though the "OUR" option was used for Field 71A (Details of Charges), the Seller didn't receive the full original amount. Hence, the Seller's bank has ...
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Someone asked me to login to his bank account and make transfers to another account
Someone I knew online asked me to log in to his account in Pioneerbanking.online and make a few transfers for him as he "couldn't do it by himself for a couple of reasons".
I foolishly did ...
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How to ownership-transfer inherited securities from a foreign brokerage?
I have inherited a set of stocks that sit on the Swedish Stock exchange (in an Avanza brokerage) from a deceased relative. The stocks are still currently in the name/ownership of the still-living ...
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How is digital currency different from that of an e-wallet? [closed]
To quote from the newspaper,
Unlike e-wallet Digital currency does not involve a third party.
A detailed explanation to this will be most certainly welcome. What is really being referred to here as ...
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Someone I know via Facebook and who lives in Pakistan wants me to send him money - should I?
A Facebook friend of mine named "Eve Amar Saab" has asked me to send him money via Moneygram to him. He lives in Pakistan. However, he gives me a different name-"Shaban Masih Karamat ...
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Money transfer to Turkey
My partner from the USA has sent me money (a few million dollars) to Turkey, the transfer is now exactly 14 days ago, have received until now still no money receipt, the money should be on the ...
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My friend wants to wire transfer money from overseas through my account. Do I get taxed for this?
So long story short, my friend is stuck overseas outside of U.S and in order to wire his money (about $8000-9000) through a bank, he has to do it in person for international wire transfers. My friend ...
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Canada - Can I make an in-kind transfer to avoid paying capital gains?
I am planning on paying my girlfriend back 18K, which she plans on putting in her RRSP. Rather than sell funds that are in my non-registered investment account (which would cause me to pay capital ...
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How can someone gift money to me in the USA from India without me having to pay taxes on it?
My cousin is gifting me 95k USD. How can i ask him to transfer this fund to me without me having to pay taxes on this amount? I live in USA and he lives in India but he will be transferring funds from ...
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Can I transfer my HL LISA to a HL Stocks and Shares ISA without affecting my ISA allowance?
I have a Hargreaves Lansdown LISA and am concerned that the £450k limit may be too restrictive in the future as I am not planning to buy any time soon (and I am living in London). Since the ...
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Money gift from Indian father to son with British passport
Father in India wants to gift £ 50,000 to son in UK (who has British passport) for buying property.
I am getting a letter from a Indian chartered accountant stating the source of the funds and tax ...
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Wrong Beneficiary name in swift transactions.Wire transfer
I have made a transfer to the company via wire transfer, swift remittance. But unfortunately, I have given the wrong beneficiary name, but all other IFSC codes, swift codes are correct. The company ...
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What is "digital euro"?
Today (October 2nd, 2020), ECB published a press release regarding "digital euro". What is it? When you pay with the credit card or make a bank transfer to another account aren't you using a ...
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Paying for a house in cash and am concerned about FDIC insurance for funds used to make the purchase
Suppose you are expecting (for example) to buy a 1M house in cash. Before you find the house, you keep the 1M in four different bank accounts with 250K each in order for them to be FDIC insured (this ...
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India to UK bank transfers
Is a UK passport holder with an Indian bank account in Kolkata, allowed to transfer money to their son's UK bank account as a gift. He is a UK passport holder.
Thank you
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How to move my Canadian stocks into RRSP
I have various stocks I hold for the dividends (and most are DRIPs). They are NOT in any tax-advantaged accounts.
Is there an easy way to move them into, say, an RRSP? Or would I be required to sell ...
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Suggestions on how to transfer money between accounts as fast as possible?
I have my banking with one organization, and my investments with Schwab. I invest my money by "linking" my main checking account with my Schwab checking account, and then...
Moving the money from my ...
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Taking Car Ownership
My sister co-signed on a car loan with her boyfriend (now Ex). They are both Registered Owners on the car. He is the primary for making payments on the vehicle but now he's not able to afford it. ...
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Can the recipient if my international wire transfer request my ID?
I sent a large amount international wire transfer in EUR to a merchant (business account) in France. On my end I see the transaction as "complete" in my bank. The recipient asked for a copy of my ID. ...
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Will my father know I changed brokers?
My father started a small nest egg for me when I was a teenager. He was hoping it would grow to help out with a down payment on a home when I was older. However as I'm now in my 20s I've noticed that ...
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strategy to move funds between international accounts
I need to transfer funds from my German funds portfolio to an international broker.
Most of my assets are in the profitable zone now. Only two are negative currently.
I wondered which strategy might ...
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Is a credit or debit card refund is technically-speaking the same as a wire transfer?
I am trying to figure out some categories to encompass some sort of money transfers / transactions but my banking "expertise" is falling short.
Ok what I am trying to group are the things below:
...
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How to write a non-transferable check for sending in the mail?
I want to write a check in the US, to be sent to the recipient via standard mail (USPS). What (and where) do I need to write on the check (in addition to the standard recipient name, $ amount, date ...
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Please help - Yet another question on transferring money from India to US
I am a US citizen living in the US for 20 years and an Indian OCI card holder. I am quite a newbie in regard to Indian banking, tax and money transfer rules.
I need advice from the experts.
My ...
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Problem with transfer of money from a Saudi bank to my account in England
Last October I deposited £870 salary in a Saudi bank account to be transferred to my Barclays account in the UK. I was awaiting a Saudi bank account so the money was sent by international bank ...
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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?
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Is a distribution triggered by writing a check from one IRA account to another
Is a distribution triggered by writing a check from one IRA account to another IRA account?
I have checks for a traditional IRA account at bank-A. I opened another traditional IRA account at bank-B ...
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Tracing a SEPA transfer : any official document available?
I sent a SCT (SEPA Credit Transfer) on a Sunday and the operation appeared on my bank statement on Monday.
More than a week later (8 days, no holidays on both countries) the beneficiary says that he ...
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What is the difference between transferring and making a payment on a credit card?
I have a CitiBank Mastercard. I have been paying the balance back to $0 regularly by transferring money from the checking account to the credit card. I notice there is also an option to "Make a ...
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Tax consequences of transferring securities to non-spouse family member (US to US)
What are the tax implications of transferring stock between two family members who both live and work in the US? Family members in this specific case are parent->son/daughter and both adults don’t ...
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Adding a expense category to transfer
I added a category to transfer a few years ago but I can't figure out how to do it now in GnuCash. How can I tag a transfer with an expense category?
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Tax implications of transferring directly-owned stock to a brokerage account?
I don't know all the proper terminology so I hope this is understandable. My father gave me a chunk of stock. The stock I now own is directly bought and handled through the company who's name is on ...
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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 ...
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Correctly calculating depreciation when transferring an asset? [closed]
I'm building an asset manager that will manage all fixed assets in one single web application for multiple schools.
Schools can transfer assets between them; this is where I get confused on the ...
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Selling A Car Anonymously
Is it ever legal for me to sell a car to someone by just signing my name and
dating the title, such that the buyer's information is completely blank?
To be clear, the title itself is legal, clean, and ...
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