Questions tagged [wire-transfer]

a mechanism to electronically transfer funds from one account to another account. Generally used to cross-border transfer, i.e. moving money between accounts located in 2 different countries.

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50 views

posted Zelle transfer [closed]

I have received a transfer via Zelle on Thursday last week, and today Monday is still not available, it is shown below the "authorized" transfers as "posted" but not having the "authorized" sign ...
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Can I willingly reject a SWIFT transaction?

I live in Brazil and I have a broker account in Europe, provided by my company for stock options. I've recently sold some of my stocks and done my first transaction of this kind (International Wire ...
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263 views

PayPal - getting away from them with TransferWise

We are outside the US and can't use Stripe for our business. Using PayPal, we have thousands of USD in the balance. I need to take large amount of money from my PayPal and move it to a bank account ...
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511 views

Is this a cashier check scam?

I'm a personal trainer and I've received an email stating that someone wants me to train their kids while they are in the US for vacation. The request was for many sessions and would total well over $...
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383 views

I wired a scammer some money, what now?

I mistakenly made a wire transfer (through swift) to an online scammer. I then asked my bank to issue a recall, which didn't work. Then I let them issue a fraudulent recall, now the receiver says the ...
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What SWIFT number do I use?

Hey everyone I’m trying to receive an international wire transfer for my business. The bank I’m using to receive this gave me two different SWIFT numbers but the sending party only lets me use one. ...
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794 views

How important is the bank address in a wire transfer?

I'm trying to wire transfer to someone at Bank of America, N.A. However, the ABA code I was given matches (with my bank's wire transfer system) to two different Bank of America addresses (in New York, ...
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103 views

Transferwise regulated by RBI India

According to RBI FEMA Act Section 10, only authorized person or company could transfer Forex from India. I have checked the website of Transferwise and can't find any information on this. How can I ...
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$$ xfered using Xoom from US bank to UK bank deposited twice. Xoom informed, couldn't resolve. Keep money?

We live in the United States but retain a bank account in the UK since we used to live there. Back in November we transferred a couple of thousand dollars from a checking account in the USA to a ...
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213 views

Is BIC really needed for TransferWise transfers?

I noticed that TransferWise when you do for example a crossborder money transfer, they only ask for IBAN, name and a reference. Then, they calculate a BIC code for that transaction based on the IBAN ...
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212 views

I sent money via a Western Union for a friend and it has been flagged

I sent money via a Western Union for a friend and it has been flagged. I don’t what is was for. Now he’s angry it did not go through & threatening my son and me. What should I do? I’m supposed to ...
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What is the cheapest way to send funds from Sweden to Switzerland? [closed]

I need to make a payment of about 6200 CHF to a Swiss bank account. My money is in SEK in a Swedish bank account. Would it be preferable to use Transferwise / something similar to it, or should I ...
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Which method CHATS, ECG, or TT should I use to transfer funds to account in Hong Kong Bank?

I've personal bank accounts with Shanghai Commercial Bank in Hong Kong (henceforth "SCB") and HSBC Hong Kong ("HSBCHK"). SCB accepts the FPS Identifier only to receive funds, and not to send funds to ...
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78 views

International wire transfer from US to UK

I'm planning to emigrate to the UK. I'd like to transfer my meager fortune from my local bank to a UK bank once I establish an account there. Does the US government want to know that I am taking my ...
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148 views

The alternatives to checks, credit cards, and cash, for transactions

So personally I pretty much just use a credit/debit card for most purchases, but cash is not uncommon, and checks are often used for paying rent to landlords or some small businesses. Then there are ...
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Unable to transfer funds from resident savings account to NRO account

I recently opened NRO and NRE accounts in India as it is illegal for an NRI to hold resident savings account in India. I want to transfer money from my Resident savings to account to my NRO account ...
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242 views

Why are international money transfer services so weird? [closed]

I've read this question: Looking for cheap international bank to bank transfer in USD and noticed several factual claims: A "standard international wire transfer" costs $40 USD, a huge fee. It's ...
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248 views

Receive a large wired transaction

Hypothetically, I am receiving a large amount (over 100 grand) from a company through a wired transaction. As the receiver, would I be questioned about the source of funds? Or just the company would ...
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393 views

How to report a money laundering scam that is recruiting on a college campus via social media? [duplicate]

I know, I know; "Is this a scam?", yes, I had to ask. As of recent, I have heard 3 separate people in conversation on my campus mention a "sales job" they undertook after being contacted on LinkedIn ...
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217 views

Transfer $0.5M from US to Canada [duplicate]

I have accounts in both U.S. (several banks) and Canada (BMO). I have $500,000 in my U.S. account. If I am now leaving U.S. permanently and moving to Canada, what is the best way to transfer all of ...
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Why can a domestic wire transfer involve international intermediaries?

I recently made a wire transfer from Fidelity to Wells Fargo. I explicitly used their routing number rather than the SWIFT code. From the posted transactions I see the fund comes from Citibank ...
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254 views

If I entered the SWIFT code of a branch in another state, will I receive my wire transfer?

I live in Madhya Pradesh, India. While entering the SWIFT code on my AdSense account, I used the SWIFT code of a bank branch in other state. My local branch does not have SWIFT code. My account ...
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816 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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What happens if I made an international transfer without SWIFT code?

I've just made a transfer from my Hungarian bank account to my new, Canadian one. However, I didn't have any knowledge of my SWIFT neither my IBAN code. I transferred a serious amount of money, and ...
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400 views

Can a transfer go through if the IBAN and SWIFT is correct, but the address and country of the bank 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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96 views

How many days of interest do I lose if I make a wire transfer from one bank to another?

I suppose this will depend on the banks, so what's typical? Do any banks do this in 0 days? What's the longest which would still be allowed by law? Both bank accounts are already established and in ...
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Why is a transfer from an account to another not done instantly when it's not the same bank?

I own accounts at two different Romanian banks. When I transfer money to another account at the same bank, the money is transferred immediately. However, when I transfer money to an account at a ...
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1k views

What happens if there is a typo in a wire transfer?

Does the banking system check the recipient's name and/or address when doing (domestic) wire transfers? What happens if there is, say, a typo in the bank account number? Is the money essentially ...
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1k views

How can I accurately anticipate wire transfer fees from intermediary banks?

When sending an international wire transfer, the transmitting and receiving financial institutions both (usually) assess fees associated with the transfer. These fees can be accurately anticipated by ...
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94 views

Question about Wire Transfer

I recently changed address, but have the same bank account details. My employer has sent the wire transfer to my account with all the information correct, but listed my old home address. Will this ...
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888 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 ...
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Are account numbers required for international SEPA transfrers

I want to carry out a wire transfer to a bank outside of the SEPA zone. The form doesn't a field for the account number. It has the account name, BIC, IBAN, bank name and address. Are account numbers ...
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146 views

Sources of international wire charges?

A person in China wire transferred X US Dollars (after fees & charges of the sending bank) to my Capital One 360 checking account in the US, and the amount I received was X-15 USD. When I contact ...
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Bank asking first transfer to be a wire transfer to NRE account

I have opened an NRE account with IDFC Bank. They are asking me that my first fund should be transferred directly from my US bank account (possibly through wire transfer). Is there any rule like this ...
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Is it possible Receive Money from Authorize.net direct to bank

i have a question. I just work for my client that currently stay in Dubai, after the project done they said want to send me the money. They ask for my bank account, swift code, my name and address. ...
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1k views

How to wire transfer from Europe to a CIBC account please?

I am trying to receive money from a European company to my Canadian CIBC account. I received the SWIFT CODE - CIBCCATT from my bank. The company also asked for a BSB NUMBER. The person I spoke to at ...
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Is there a limit of how much one can get wired to a US bank account from another bank account in a foreign country?

I know about the 10k limit if you deposit cash where you are required to fill out a form. But what about a bank to bank wire transfer? Is there a limit to how much you can receive before you have to ...
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Will I need to worry about “structuring” with wire transfers?

I am moving a large (for me) amount of money from a US bank account to a Danish one. Both are in my name. In order to even out the risk of transient exchange-rate spikes I'm planning to do it as a ...
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4answers
754 views

Does transferring $10 to various bank accounts count as money laundering?

I am making an app that rewards users with real money for using the app. The money comes from the profit I get from ads the user views. Basically, I am sharing my ads profit with my users. However, ...
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Can a wire transfer be reversed?

It has been 18 days since my dad did a wire transfer from India to Canada and I still haven't got my money. When my dad contacted his bank they are saying the money has been received but my bank is ...
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108 views

Missing wire transfer from Israel to United States

Over one month ago before I left Israel, I wire transferred funds from Israel to US Bank. As of today, US Bank stated that they have not seen the transfer. I have contacted the bank in Israel several ...
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2k views

How to trace a failed SEPA bank transfer

A UK bank initiated a transfer for a client of mine to my own account. The wire was in EUR and my account is an IBAN EUR account. 7 days passed and the money are not with me. They did not return to ...
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501 views

How to prove that I did not receive a payment

I'm working with an online company that sends payments through a bank. I sent them a payment request a while ago with my IBAN + the bank SWIFT and other details provided, so they could transfer the ...
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How long would an international wire from US -> UK take?

I've recently been paid in wire from the US, my bank is HSBC - how long would the transaction usually take? Thanks!
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What is the cheapest way to send Euros from cash Japanese Yen in the Netherlands? [closed]

Suppose one has ~300000 JPY in cash. In the Netherlands, what is the cheapest way to convert this cash to EUR, and send it to an account?
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63 views

Check (USD) or Wire Foreign

I am starting a few months job for an US company, but I am based in London. I will have a "vendor" role. I have been offered two options to get paid: Check or Wire Foreign. What would you recommend? ...
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349 views

Direct deposit in UK in USD or wire transfer from USA: What would be the best option?

A conference where I am invited to, as a speaker, asks to select either one of the following 2 options for money transfer: Direct deposit in USD Wire transfer. The conference is happening in London ...
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492 views

How to send money across borders physically and inexpensively, but not via cash?

I would like to transfer money from Argentina into Chile. Usually, within countries, there are safe ways of physically (i.e. without a SWIFT or other wire) and inexpensively transferring money ...
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Why dont people in foreign countries buy bitcoins directly from USA

I had a query related to buying and selling bitcoins from a foreign country like India where bitcoins can be bought locally now. I was wondering why people in India buy bitcoins locally through the ...
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Wire transfer held by bank?

A client of my father should have received a payment via bank transfer from Belgium to Italy. It's been almost two months now but he hasn't received the money. The buyer keeps saying she sent the ...