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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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UK - Best way to receive payment in Italy

I will receive a one-off payment of roughly EUR4000 for work to be carried out in Italy. What is the best way to receive this money and have it transferred to a UK bank account? Should I have the ...
1 vote
0 answers
46 views

Trying to identify where fees where deducted in seemingly domestic transfer

I use a gaming website (Sorare) that allows me to hold funds in USD. I decided to initiate a withdrawal and the fee shown on their site for the withdrawal was $0.25 and they use MangoPay as their ...
0 votes
1 answer
118 views

How *exactly* do I complete an indirect Roth transfer?

There are tons of results when you Google "how to do a Roth indirect transfer". But each article is 95% the same and doesn't provide enough details on tax reporting. Or they only provide tax ...
0 votes
1 answer
212 views

Lost money from Revolut to Monese bank on 3 repetive transfers since 18.12.2023

Hi since 17th December 2023 I transferred from my private account Revolut to my other private account with Monese and still not arrived and Monese claims not having received my money claiming Revolut ...
0 votes
0 answers
49 views

Medical Transfer Apartment Lease

I did a medical transfer from one apartment to a smaller one. I wasn’t given a date of when everything needed to be removed from the old apartment. Can I be charged rent on both apartments if I was ...
12 votes
10 answers
6k views

How can people sell high-value items when bank drafts cannot be trusted?

Someone deposited a bank draft and had the bank manager clear it, but later, the bank draft was reversed. Other people have reported similar incidents many years ago. Since bank drafts are proven to ...
0 votes
0 answers
89 views

Anyone familiar with transfer issues?

9 Ocober made 1000€ transfer from my Business account to My Wise Bussiness account. Money never arrived . Their answer is They can not locate the money I have even sent a Bank Statement stamped and ...
0 votes
0 answers
108 views

Is Dafexcounty bank legit or scam? [duplicate]

I received the payment for my task on Dafexcounty. However, in order to transfer money to another bank. I need to avail VAT Code or they say Virtual Account Token Coin worth 150$. They said that I can'...
0 votes
0 answers
231 views

Could this be a scam [duplicate]

I'm asking a couple questions for a friend because I think he is being scammed. Is it possible to receive a check of a very large amount into a banking system (ILC group), but for you to receive it ...
-3 votes
1 answer
223 views

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 ...
0 votes
1 answer
107 views

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. ...
1 vote
1 answer
90 views

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. ...
-4 votes
1 answer
108 views

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.sstatic.net/riXvc.png Société Générale takes 22 EUR: https://...
2 votes
1 answer
94 views

Copying invoice between .gnucash files

Is there a way to easily copy a single Invoice from one .gnucash file, to another .gnucash file?
0 votes
1 answer
99 views

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.
0 votes
1 answer
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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 ...
1 vote
1 answer
73 views

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 ...
0 votes
2 answers
319 views

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 ...
3 votes
6 answers
4k views

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 ...
0 votes
1 answer
210 views

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 ...
3 votes
1 answer
558 views

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 ...
0 votes
0 answers
230 views

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 ...
-1 votes
3 answers
261 views

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 ...
5 votes
4 answers
2k views

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 ...
1 vote
1 answer
149 views

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? ...
1 vote
2 answers
10k views

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 ...
27 votes
5 answers
18k views

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 ...
0 votes
0 answers
60 views

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 ...
1 vote
0 answers
39 views

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 ...
3 votes
1 answer
370 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. ...
0 votes
1 answer
133 views

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 ...
0 votes
3 answers
1k views

Transfer money from UK bank account to Pakistan Foreign Currency account

I was a student in UK last four years. Now I moved to Pakistan permanently. I saved a lot of money there in my UK bank account. Now I want to keep that money in pounds, therefore I am thinking to open ...
0 votes
3 answers
580 views

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 ...
5 votes
4 answers
14k views

Can I move my 401k to another country without paying tax penalty?

I might want to move the money in my 401k from US to Canada. I do not work with my previous employer anymore, but now I am self-employed. Can I do this without incurring penalties?
0 votes
0 answers
78 views

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 ...
2 votes
0 answers
209 views

Should non-citizens pay gift tax for sending bitcoin to non-citizen living abroad?

I am non-us citizen (an international student) but resident alien for tax purposes. If I send my bitcoins to my family living abroad, should I pay the gift tax? I read articles but they say 'us ...
19 votes
4 answers
13k views

Why are bank transactions not instant?

I asked myself why bank transactions take 2-6 business days to complete. How does the internal process of a transaction look like? Isn't it possible to redesign the process so that transactions are ...
-1 votes
1 answer
196 views

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 ...
3 votes
1 answer
172 views

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 ...
1 vote
1 answer
169 views

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 ...
1 vote
2 answers
115 views

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 ...
1 vote
0 answers
566 views

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 ...
3 votes
1 answer
169 views

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 ...
2 votes
4 answers
2k views

How to transfer money to an account on Cyprus as quick as possible?

I am a Russian resident currently living on Cyprus. I should provide to local authorities a bank guarantee showing a reasonable amount of money. I know about finances literally nothing, so I was ...
2 votes
1 answer
22k 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 ...
1 vote
0 answers
29 views

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
3 votes
1 answer
2k views

necessary bank information to receive wire transfer from abroad

One of my clients will send money to my bank account in my country S.Korea from his bank account in E.U. country. I sent the bank info (A/C No., SWIFT CODE, My and Bank Address), h'ever, the party ...
2 votes
2 answers
732 views

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 ...
1 vote
0 answers
35 views

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 ...
0 votes
1 answer
195 views

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. ...