7

Franck, "a rate" does not exist. Dealers who exchange 10s of millions, complain bitterly that other guys who exchange hundreds of millions get a better price. Rates are incredibly different up and down the scale of "how much you are changing" and it also varies quite dramatically (per that scale, ie the curve changes) depending on ...


4

There are many possible misconceptions in your question, that could all greatly impact a good answer. Firstly, it seems you may still be a US citizen, and therefore still required to file and pay taxes as a US resident [with the exception that some types of income will be taxed primarily in your country of residence {especially employment income, and most ...


4

If you want to help someone else with a difficult money-related situation, the right way to help them is by assisting them in navigating the systems rather than by tangling up your own financial affairs with theirs. For example, you could do some research for them into alternative money transfer systems, or you could offer to be on a conference call with ...


4

In the United States, if you do a wire transfer through a bank, then you are supposed to declare if you are doing it for someone else. I assume the rules are the same in the UK. However, this is for bank, not a money transfer service. BB Remessa's user account agreement specifically states that you may not use your BB Remessa account to transfer money on ...


4

Yes its a scam. I'll post a long answer because a LOT of women seem to get caught up in these things. It's a sugar relationship - Did you send him any nude pictures or spend time with him? If no, then what is he paying for? If there's no exchange of money for goods or services - then it's a scam. If you are having sex with your sugar daddy or sending him ...


3

Having written statements attesting to the fact that the bank draft was lost, and that if found the payee promises to return the physical copy thereof is about the best you can do. As you note, there's no physical barrier to the fellow finding and depositing it, sucker-punching you in the checking account to the tune of 1100EUR. HOWEVER: If he's signed ...


3

Yes. Find someone who wants to do the opposite FX transaction (you have USD and want EUR, they have EUR and want USD, or vice versa), and swap the currencies with them. This works whenever you have one currency, they have another currency, and you are happy to trade. You’d pick the mid-range rate, and both parties avoid commercial fees. Travellers often have ...


3

SEPA transfers are regulated by the EU in order to ease capital flow between member states. I am not even sure that this statement is valid for Switzerland, Norway and other non-EU SEPA members. SWIFT transfers are not regulated concerning their cost.


2

If I sell you a house in Denver, it involves agents; if I sell you a house overseas you could say "oh it still just involves agents" but obviously there's more rigmarole - more agents, more transactions. International wire transfers typically involve multiple banking systems and operators between the two countries The statement given on the "...


2

If you can establish accounts on cryptocurrency exchanges in source and destination countries, this may be the best way to move a large sum across international borders, in terms of reducing fees. The exact fees will depend on the specific exchanges where you open accounts. You could take advantage of the volatility compared to government-issued currencies ...


2

As a Brazilian I've used Transfer Wise to send money between different countries and currencies. Another option was Remessa Online, but I'm afraid this is specific to the Brazilian market. I've used those to send BRL to the Netherlands as EUR. Transfer Wise has better exchange rates than most traditional banks and lower extra fees.


2

Money laundering is when you try to hide where your money came from. Are you doing that? No. If the police wanted to see where your girlfriend's money came from (they probably don't), they can see she got it from your account by a wire transfer. And if they have a good reason, they can ask the American police to look at your account and see that you got it ...


2

For the UK side, there is no tax or official charge payable to transfer the money in. As HMRC have already told you, there's no inheritance tax applicable as the deceased wasn't UK based. For a transfer, the source of the money is irrelevant as long as it is legal and you can demonstrate that if asked for money laundering purposes. You will need to use some ...


1

SWIFT Transfers CAN be available same day, depending on time of day and where the money is coming from. I just had a $40k transfer that was posted to my account 10 minutes after it was sent. As noted, SWIFT is intended for large transfers of money inter-bank, whereas Stripe is built principally for ecommerce use. Stripe is a platform for credit card/ACH (...


1

Ok, so it wouldn't be illegal to transfer money to your girlfriend in a different country, unless its Laundering. Money Laundering is when you transfer money across the world for illegal activity, and you try and hide your transfer. However if your transferring it just to give her money to buy legal items, then you should be good. Also following up with what ...


1

wire is your only option of those three: for USA->UK wire transfer costs $20-$50 and takes a few days. it's a huge PITA getting all the data correct for a wire transfer, take extreme care.† ACH is ONLY for within the USA so irrelevant to you. (it is free and takes a day or so, but has no connection to USA->UK) "IAT" or "Global ACH&...


1

Have you asked your current bank? They will/should know more about it than nearly anyone else. Or at least can do research on it to help your specific case. #1 You could probably manage to continue to use your US account for a while, but that can get tricky quickly. If your account/identity is hacked, it'll take longer to get you a new card and deal with ...


1

Every destination country has its fixed IBAN length. If the IBAN has the wrong length, the payment won't go through and will eventually be reversed. Even if the IBAN length won't be checked, it will in most cases disturb the checksum, and the number is invalid as described before. The chance that the modification doesn't alter the checksum (position 3 and 4) ...


1

I've been doing it through Remit Now. It's a secure online Foreign Outward Remittance platform provided by HDFC Bank. Sending foreign outward remittance is now as easy as transferring funds via RTGS/NEFT. All you have to do is Add a Beneficiary > Select Funds Transfer > Input the amount to be transferred > Accept the T&C > Confirm the details


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