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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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 ...
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1answer
143 views

Can I send a money order from USPS as a business?

I own a small business, and a contractor I hired asked to be paid through money order for services rendered. Can I send a money order to him under my business? For instance, From: My business name ...
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4answers
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How hard for US customers make payments to non-resident freelancer by wire transfer?

I'm sole proprietor from Russia. I make projects for US companies. We working fully remote via internet. I'm not US resident. When I try to suggest wire transfer for paying my job my customers don't ...
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4answers
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An online casino owes me money and wants to pay with a wire transfer. Is this safe?

I have won a large amount of money on an online casino. It has taken 2 months for me to see any payouts. Last week I received a $2300 check from them. Now they say that since I won so much they ...
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8answers
13k views

A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate?

I have a friend since July online and Exxon owe him for a balance on a 2014 contract off the shores of Liverpool. He is presently in the Gulf of Mexico completing a contract that last for one year. ...
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2answers
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Wire transfer money in the UK using only IBAN

I friend of mine, A, needs to send another friend of mine, B, some money in GBP. I asked B for the bank account details, and, having lived in Germany and now the Netherlands, expected to receive an ...
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1answer
765 views

2016, USA banks with low/no fee for incoming OVERSEAS USD wire transfers? [closed]

Regarding incoming wire transfers (i.e., SWIFT transfers) from overseas (this question has no connection to internal USA transfers of any kind) denominated in USD (this question has no connection to ...
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1answer
790 views

Which is better for USD payment for Indians : Wire Transfer or Cheque?

I am about receive some reimbursement of ~1000 US dollars. I live in India, whose currency is INR. I have the option to receive the money in form or cheque or wire-transfer. Which of the two mode of ...
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2answers
3k views

Postbank (Germany) - transferring money to the US - what are the best options?

The German 'Postbank' offers money transfers to the US on their website. Has anyone experience with that? My question are for the cheapest and fastest way (of course); namely: should I pick 'transfer ...
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1answer
206 views

Safe and cheap way to send money from Canada to South America [closed]

Does anyone knows how to send money from Canada to a country in South America in a safe and cheap way? In the past I transfered from my bank account here in Canada to a South American bank account ...
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3answers
197 views

Can I receive USD 1500 from a cousin in USA to my account in India

Please let me know if I can receive USD 1500 from a cousin from USA to my savings account in India.
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1answer
268 views

Wire Transfer Instead of Credit Card Payment

I recently wanted to buy a product from a vendor in the UK, but then noticed that they only accept cash or wire transfers for orders from the US. I'm not sure if the vendor is reputable. I was curious ...
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879 views

I am Swiss and have a bank account in USA that is blocked. How can I identify myself without travelling to USA?

I'm Swiss and worked 4 months in the USA. So I opened a bank account at Chase Bank. Due to bad exchange rate I decided to keep the money at the Chase bank account. This was 3 years ago. I decieded ...
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3answers
2k views

Which bank is responsible if a fraudulent check is spent: the victim's, the scammers or the one on the check?

I was recently scammed by someone claiming to be from a work-from-home company. She sent me a check that I was supposed to use to pay the "vendor" for my work supplies. I deposited the check and once ...
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1answer
84 views

Solution for sending international wires to international business customers on a monthly basis? [closed]

First part of my question is: How do US online booking agencies send money to thousands of hotels worldwide on a monthly basis when outgoing international wire transfers cost about $40 per transfer? ...
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4answers
29k views

How to transfer thousands of dollars ($7000) to a friend?

If a friend wants to transfer $7000 to me, what is the best way to do it, especially if we don't share the same banks? We could do wire transfer, but that comes with its own fees. Could we also do ...
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Where should I exchange INR to USD, in India or US?

I am Indian, permanent resident of the US. Years ago, I had loaned some money to my father in India and he now wants to pay it back to me. The amount is worth $300,000 and I am thinking of the best ...
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3answers
3k views

Money transfer to US from NRE account

I am planning to transfer money > 100k from my NRE account to my US checking account. The money in NRE account was transferred from USA account couple of years back. I am already paying tax in US ...
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1answer
1k views

My payment has been voided by the merchants but money wont show up on my credit card

I ordered something from the internet and payed thru credit card. But my order has been canceled and they promised to refund me the payment I made. They say the have only authorized the payment but ...
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2answers
94 views

Card to card transactions

I have seen that some companies can send you money to your credit card. What type of transaction is it? I guess it is not wire transfer. And can this be achieved from your local bank? ( I live in ...
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1answer
2k views

How long do wire transfers take?

I have a client in Ireland. She deposited the money on a Thursday afternoon. We are on Monday today and the ammount has not been credited to my account. How long do these transfers take? I am a ...
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1answer
1k views

How do I understand this wire instruction?

Choicebank requires all money to go to an intermediary bank http://www.choicebankltd.com/file/2015/09/Wire-Instructions-NCB-09032015.pdf Their instruction is VERY CONFUSING What is field 56a field ...
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1answer
737 views

How can I make a wire transfer as a credit card purchase?

I try to use a credit card for everything, to improve my credit score (as I moved to the US only last year). However, my landlord only accepts wire transfers. I know I can get money off my card and ...
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1answer
540 views

Tracking the status of payment

Is it possible to track the true status of a payment right through to crediting the beneficiary account? If i send a wire payment form my bank account to a beneficiary account at another bank, is it ...
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1answer
233 views

e-banking from oversea bank to the UK bank & IBAN code

I have paid my tuition fees with e-banking from my country to the UK. And I've filled in SWIFT code and the addressee’s name, address, and UK account number instead of IBAN code. This will be ...
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2answers
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How does one transfer funds between a French bank account and a US bank account?

Say Person 1 has a French bank account, and Person 2 has a U.S. bank account. Person 1 wants to send funds to Person 2. Person 1 can add a new person to their list of beneficiaries, but the French ...
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1answer
822 views

Are there any US banks that allow you to make an international wire transfer online? [closed]

I am an expat and right now I have to get someone to physically go to the bank to make the transfer for me each time. It seems a bit ridiculous in this day and age of high tech and is a royal pain. ...
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1answer
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Tax consequences of forwarding an international wire

I need to legally and quickly transfer $300,000 from China to my US bank account. All of the funds that I need to transfer were obtained through legal means (with proof documents), however China has ...
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1answer
386 views

Gifted money invested without tax?

If I gift $10k to my parents (parents are indian citizens, so am I) in India, and they use it to invest. Will that investment be taxed in USA? Taxed in india if kept long term? Is this a tax loop-hole ...
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1answer
235 views

FBAR needed if I wire transfer in installments?

Lets say I want to send $24000 to my parents account in India from USA. I will first transfer in NRE account. Then move money from NRE into my parents account. If I send $8000 to NRE, move it into ...
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1answer
650 views

Filing FBAR if I wire transfer to my parents Account?

Do I need to file FBAR if I send $25000 to my fathers account in India?
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158 views

Multiple serious delays wiring money to the US from Singapore

I have encountered a number of difficulties wiring money to a relative studying in the US. I have used DBS Singapore, POSB and Maybank Singapore to wire money, but have encountered multiple delays ...
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3answers
7k views

Offshore bank account with online International wire-transfer facility for Indians [closed]

I am a freelancer having Indian nationality and residing in India. I own and operate Sub-Affiliate program of US based company. I have bank accounts in India which operates in INR (Indian Currency). ...
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1answer
5k views

How much maximum money can transfer on regular base from USA to India?

I have 3 questions to avoid IRS penalty- I am on employment based visa in USA and want to send dollars from USA to India from my savings (after paying Tax). How much maximum dollars I can send in a ...
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0answers
6k views

How to transfer funds online from a Canadian CIBC account to RBC instantly?

I thought Interac transfer is instant but my mom wants to send me money from her CIBC account but she said it takes 2-3 business days? What method can be used to transfer from a CIBC checking to a ...
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6answers
77k views

International wire transfer without SWIFT code

My credit union (ENT FCU) claims no SWIFT code is required to receive funds with international wire transfer, just their routing number... I am not an expert but I thought SWIFT code is required for ...
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1answer
3k views

Do I need to file reports when transferring money to US?

I have saving account in the country of my citizenship. After moving to US and get permanent residency, I want to transfer money (> 10,000, after-taxed, not business or gift) from my saving account to ...
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1answer
32k views

What is the meaning of "advice confirms" in a bank statement?

I got some money transferred from a company in the USA to my UK bank (HSBC) account and I found that it is listed as "advice confirms" in the bank statement record online. What does this mean?
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1answer
817 views

Sending money to Russia for family back home

I have a family member that needs a medical operation back home in Russia, the total cost of which is 30k. I have heard that I can give 10k as a gift in cash for my aunt to take on the plane. For ...
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0answers
129 views

Why are checks preferred to wire transfers in the US? [duplicate]

When moving to the US from Switzerland, I have been surprised by the difference in banking systems. One point that interests me particularly is the use of checks vs wire transfers. In Switzerland, ...
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What is the SEPA optional category?

When I'm writing a wire transfer (both with my personal and with my company's accounts), my bank allows me to enter "optional SEPA fields", most of them look redundant or useless, but one is a bit ...
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4answers
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What Canadian account number format do European banks need for wire transfer instructions?

I am trying to transfer funds from my account in Europe to my account in Canada. On the sending (European) bank's transfer instruction form there is a field I need to fill-in in the beneficiary's ...
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2answers
3k views

Transfer money from foreign account to Indian bank account?

I wanted to know if it is advisable to transfer money from USA based accounts to an NRE or NRO account in India? Are any of them liable to tax in India or USA ? I am planning to use western union. ...
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1answer
2k views

What information is needed for a wire transfer?

I am used to wiring funds through SEPA by using IBAN and BIC codes. I just learned that these can't be used to electronically transfer money from the US to the EU. My bank provided me with 4 codes: ...
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1answer
352 views

Money transfer from US to Israel

My boyfriend from Israel was planning on moving to the states to live with me. He brought about $10,000 here last time he came. He is now back in Israel and we decided he was not going to move here. ...
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4answers
5k views

Cheapest way to wire or withdraw money from US account while living in Europe [closed]

I'm currently living overseas in Europe. I work as a consultant for a US based company which pays me US dollars deposited to my US bank account. It's getting to be pretty expensive when I withdraw ...
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2answers
810 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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How to receive dividend in INDIA

I have shares of City Union bank for more than a year. I have my trading account with HDFC Securities linked with my HDFC bank account. City union bank has announced dividend and I have not received ...
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3answers
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Should I pay rent electronically?

I'm renting an apartment from an individual. The landlord and I discussed the possibility of paying rent electronically. My bank (BofA) has some kind of electronic payment option where I'd enter the ...
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1answer
152k views

What information do you need to provide for a domestic wire transfer?

I need to provide details to receive a domestic wire transfer to my US-based bank from another US-based bank. What details do I need to provide? This Yahoo! Answers questions suggests that the ...