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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53
votes
9answers
16k views

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

I am trustee for an elderly relative who is not financially competent, and being taken advantage of by a girlfriend. He cannot hold onto money for long, and so I need to periodically provide him ...
17
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3answers
10k 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 ...
10
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1answer
8k views

Is it possible to transfer stock I already own into my Roth IRA without having to sell the stock?

My cash is already in the stock. Can I just transfer the stock to my Roth IRA?
8
votes
3answers
168k views

Transfer money between Wells Fargo and BofA accounts for free

Is there a free way to transfer money from a Wells Fargo account to a Bank of America account? I looked into wire transfers, and it turns out that they have a fee associated with them. The only other ...
8
votes
4answers
135k views

Can a Zelle Bank Transfer be reversed or denied after credit has been added?

I have sold digital goods to a unknown person. They have sent me a Zelle transfer to my Bank of America account of 2,000. The money has been credited to my account and has became available. Although ...
8
votes
1answer
1k views

Can I sell my stocks for less by transferring them to another brokerage?

I would like to sell approximately $35000 in stocks currently held at Edward Jones. My total portfolio is approx. 1.5 million. Edward Jones will charge me 1% of the sale. Would it make sense to ...
8
votes
1answer
911 views

Unable to withdraw money from Paypal in Andorra

I live in Andorra. I have an Andorran Paypal account, with a linked Credit Card. The account is fully verified. Right now Paypal only offers cashout withdraw options to USA bank accounts for Andorra ...
7
votes
1answer
3k views

Moving current employer 401(k) balance into self-directed solo 401k?

Let's say my employer offers a 401(k). In general, this means I can only pick from a basket of funds to invest in. I prefer self directing my investments, and my broker offers a no-fee solo 401k. I ...
7
votes
2answers
40k views

Can I transfer money from my prepaid Visa gift card to my debit card?

I bought a prepaid Visa gift card to add money on my phone account. It turns out I can't do this because the gift card can not be processed by my phone company because the card does not have my ...
6
votes
2answers
8k views

Transferring money between two banks in the U.S

Why does it take so many days to transfer money between two banks in the US? I have accounts with two different banks in the USA, and whenever I transfer money online between those two banks, it takes ...
5
votes
4answers
13k 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?
5
votes
1answer
3k views

Can a Canadian resident in the US transfer funds from one RRSP to another?

Once a Canadian resident moves to the U.S., the most common tax advice is to leave any RRSP in place in Canada because attempting to convert to an IRA or otherwise withdraw the money has some horrible ...
5
votes
3answers
445 views

Transfer $70k from Wells Fargo (US) to my other account at a Credit Union bank

I have an LLC with me as the Owner and sole Member. I have Business Account for the LLC with Wells Fargo. I received $70k payment from a client in my Wells Fargo Business account. I want to move the ...
4
votes
1answer
716 views

Moving a Roth IRA: Can I withdraw the funds and deposit them, or do I have to do a “transfer”?

First: I am familiar with the Roth IRA rules around withdrawing your contributions and the ramifications of that, so no questions there. I'm moving my Roth IRA between brokerages. I have a letter but ...
3
votes
2answers
1k views

HSBC gave me the wrong IBAN

I hold an account with a bank abroad and wanted to transfer all the money I held there into my HSBC account. I was told that I needed an IBAN and BIC to transfer the money and so I went to the closest ...
3
votes
1answer
298 views

My money has been disppeared

My parent in another country has attempted a transfer(swift) to my account in Germany, one month ago. Transfer document shows that my IBAN is correct, and my own name and address details are correct. ...
3
votes
1answer
1k 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 ...
3
votes
2answers
474 views

How do I transfer money from one TFSA to another? [CAN]

I have had my investments managed in a TFSA by fundex for many years. Now I want to take things into my own hands and manage my own investments. I am trying to transfer my funds out of one TFSA and ...
3
votes
2answers
183 views

Is an in-kind transfer of existing shares into a Stocks and Shares ISA allowed, i.e. without selling + repurchasing?

Normally, the way to fund a Stocks and Shares ISA is to transfer money in, taking care to stay below the annual limit, and then purchase the stocks or funds from within the ISA. What happens, though, ...
3
votes
1answer
313 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
votes
0answers
340 views

How does this Interac e-transfer scam work? [duplicate]

I posted a Craigslist ad for selling iPhone 7. Next day I got a text asking of Is this item still available... [NAME OF MY AD EXACTLY AS IT'S SPELLED] . So I already was suspicious it's a bot. ...
2
votes
2answers
254 views

IRA transfer - any tax implications?

Assume I have a traditional IRA, which I had previously rolled my 401(k) into. I now would like to transfer to another traditional IRA at another broker (Vanguard). Are there any tax implications to ...
2
votes
2answers
2k views

What is the effective interest rate on a credit card that offers 0% interest with a 4% balance transfer fee?

I'm about to do a balance transfer that has a fee of 4%. It gives me 0% interest for 14 months. Is it just a straight calculation of 4% for the year or is there another calculation that I need to ...
2
votes
2answers
90 views

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 ...
2
votes
1answer
146 views

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 ...
2
votes
3answers
298 views

UK Pension transfer to the US

I'm a naturalized US citizen. When I lived in the UK, as a British citizen, I amassed a small pension pot (about 50,000GBP). Is there any way to get that money transferred to the US (into another ...
2
votes
4answers
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
1answer
189 views

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 ...
2
votes
1answer
169 views

Do transfer from friends show as income?

I'm going on trip to Australia in a few weeks and as I work in the city of London, I get a great exchange rate. I told my friends I can exchange their currency too. ( They live outside London) Just ...
2
votes
2answers
238 views

Revolut: Someone transferred GBP into my Euro account on Revolut, will it turn up?

Someone from Germany was sending me a transfer so I got the IBAN and BIC of my Euro account on revolut and sent it to them. I have just checked their statement and it says they have sent GBP. Will ...
2
votes
2answers
225 views

What is the best way to move money to the US from Spain

I currently live in Spain and moving to the US in a couple of months. I do not have bank account in the US. I have around 8k euros in my Spanish bank account and my bank is suggesting me to close the ...
2
votes
2answers
19k views

How can I bring loaned money back to US from India

I am a US permanent resident and I loaned some money to my father in law in India early last year. I transferred US dollars from my US bank account to my NRI (Non resident Indian) account (Indian ...
2
votes
1answer
87 views

Indian tourist needs money in Atlanta

My Indian friend visiting Atlanta needs money. He has no US Id. How can he get money from a US bank account of my US resident friend in New York
2
votes
2answers
103 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 ...
2
votes
1answer
16k 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
votes
1answer
80 views

Need your help and suggestion

My father in law is planning to move here after selling all the property. He is planning to open the business in the USA. Can you please answer below question. How much amount can we transfer from ...
2
votes
3answers
5k views

International Wire Transfer Problems

I have an international wire transfer that needs to be recalled. A month ago, I sent a wire transfer from the US to a Japanese Bank of America branch. It looks like it was supposed to go to a US Bank ...
2
votes
1answer
224 views

How to trace a fund transfer from Turkey Garanti bank to Wells Fargo bank in US?

I transfered $25,000 from Garanti bank in Turkey to my closed account at Wells Fargo bank in the US. How can I out where funds went after being rejected by Wells Fargo bank (because my account number ...
2
votes
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
votes
1answer
263 views

Company Leased Car - Transfer from a colleague

An employee in my org got a company leased car and he is planning to transfer the lease. EMI: Rs. 15300 Tenure: 60 months Already paid 25 EMIs = Rs. 382500 Remaining 35 EMIs (that ...
2
votes
1answer
230 views

Sending money from US to China

I receive money in the US for recruiting students here in China. I have a BOA account and it was free for me to use the ATM machines at China Construction Bank. However, CCB started charging a 3% ...
2
votes
0answers
380 views

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 ...
2
votes
1answer
75 views

Transferring money that was just deposited [closed]

I just deposited a few checks to a new savings and checking account at the same bank but I realize the amount I wanted in both were wrong. I want to transfer from my savings to checking but there's ...
2
votes
0answers
156 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 ...
2
votes
2answers
1k views

Tax for foreign money received thru PayPal in india

Is there any tax in India for money received thru PayPal to my company's current account from my international clients?
1
vote
3answers
583 views

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 ...
1
vote
3answers
177 views

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: ...
1
vote
3answers
2k views

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 ...
1
vote
1answer
123 views

How are bank accounts linked to other accounts?

How do services like Square link bank accounts to people's personal accounts? Is there some API they're plugging into? Is this the same as ACH?
1
vote
1answer
1k views

Can you transfer a Roth IRA to someone else?

My friend's uncle manages a Roth IRA for him that is in my friend's name. He has had this account open since my friend was little (obviously before he was earning any income of his own). I don't know ...