14
votes
Accepted
What is the cheapest way to send large amounts of money from EU to US?
There are several costs involved in sending money internationally. For a large amount, the most significant of these is the exchange rate.
At a bank, there is usually a 2-3% "spread" on the "...
- 2,457
11
votes
"Reverse" remittance - regularly moving money from Japan to Germany?
As stated by moomoochoo, Shinsei Bank is very handy for remittances overseas, so if you still have residence (for instance, you worked there and have permanent residency and have a valid address you ...
- 761
11
votes
"Reverse" remittance - regularly moving money from Japan to Germany?
I have a couple of suggestions:
In the past, I had a simple savings account with Shinsei bank. When overseas I
could withdraw the money from most ATMs using a simple debit card. This method was
easy ...
- 211
9
votes
Accepted
How to send small amounts of money from EU to US?
If the people involved are family or friends, you could perhaps pay something for them. For example, you could add a credit to a prepaid account they have in the US (where permitted), buy them an ...
- 2,457
7
votes
Withdrawing money to buy a car in Japan
I am a happy user of Transferwise. I use it to transfer CHF and GBP to EUR, but they do USD to JPY too.
It is not entirely fee-free, but they use the mid-market rate for foriegn exchange, and then ...
7
votes
What is the cheapest way to send large amounts of money from EU to US?
I haven't tried it just yet, but in few weeks I intent to use TransferWise.
Advantage is that it covers both currency exchange and the international transfer. Their EUR/USD exchange rate has zero ...
- 2,258
6
votes
Accepted
Bound accounts in France and Canada
Although HSBC operate in both countries, they are getting out of retail banking in Canada, and have quite a small presence in France (mainly the old CCF branches in the Paris area). I'm not aware of ...
- 2,457
5
votes
Accepted
"Reverse" remittance - regularly moving money from Japan to Germany?
I think TransferWise is the best service for sending money out of Japan recently. They have a modern web interface and the rates are very reasonable. I've used them myself to send money to the UK and ...
- 373
5
votes
Is Bitcoin a viable solution for remittances when working abroad?
Probably not.
The first issue is Bitcoin has tremendous volatility, more akin to a dodgy commodity than a currency. For this reason you will (probably) want to cash out as soon as possible. You ...
- 556
4
votes
Is Bitcoin a viable solution for remittances when working abroad?
It's unlikely to be helpful for your remittances from USD to ILS (Shekels) to go via a third currency, or via a commodity (Bitcoins have elements of both). It could easily end up being two lots of ...
- 2,457
4
votes
"Reverse" remittance - regularly moving money from Japan to Germany?
You should look into Bitcoin. Buy Bitcoin on an exchange like Kraken in Japan, and sell it in Germany. It should easily beat the often 10+% fees for remittances from Japan. Checkout reddit.com/r/...
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4
votes
"Reverse" remittance - regularly moving money from Japan to Germany?
For what it's worth, here's my current approach documented for posterity. I'm using Money Partners to do the actual currency exchange, which gives me a pretty good rate which I'm in full control of (...
- 489
4
votes
Transfering Money From China to the US
There are numerous ways to move money internationally, but China puts restrictions on how much currency can be moved out of the country in a given year.
The most direct way is to process an IBAN/...
- 141
4
votes
Accepted
Exchanging money with an expat
There's nothing illegal about exchanging money with a friend. Similar arrangements can be used for money laundering which is illegal, but these are often more complex - and your arrangement is rather ...
- 328
4
votes
Accepted
Withdrawing money to buy a car in Japan
Getting the money into Japan to buy a car was a very stressful experience with comparing prices and finding a method I felt comfortable entrusting a large sum of money with. The method I came up with ...
- 305
3
votes
How can a US company regularly pay an overseas contractor?
Your best bet is to create a Transferwise bank account. That gives you an American routing number which your customer can wire the money to (which should be straightforward for them). You can then ...
3
votes
Transferring money to the Netherlands which has been already taxed in the country of origin
You will not need to pay any taxes to the Dutch tax office for this money so long as you continue to qualify for the 30% ruling and choose to file as a partial non-resident while having the 30% ruling....
- 279
3
votes
How do bank transfer costs increase when you transfer further within the EU?
There isn't any systematic, gradual increase based on these factors. In my experience, transfers to an EUR-denominated account in the SEPA can be free. Same bank, other bank, other country in the ...
- 17.3k
3
votes
How to find out the name of the person that an IBAN number belongs to?
No, you cannot. That would be a big breach of all kinds of privacy laws.
What you can do is give the name of the account holder when you transfer the money.
Then the bank should reject it when you put ...
- 2,034
2
votes
"Reverse" remittance - regularly moving money from Japan to Germany?
Brastel offers a decent exchange service. Become a free member of Brastel, you get a login where you can add your Germany Bank account details. For every Germany account you add, a dummy Japan bank ...
- 121
2
votes
What is the cheapest way to send large amounts of money from EU to US?
I have been using Paysera for USD to EUR transfers, however never for such large amounts. They advertise that there is no limit for how much you transfer, therefore it could be an option. They have a ...
- 21
2
votes
How to send small amounts of money from EU to US?
I have used Skrill (formerly MoneyBookers) quite often over the last ~15 years to send various sums of money over the years to family and friends from EU to US. I admit I haven't used them in a couple ...
- 121
2
votes
How to send small amounts of money from EU to US?
Bitcoin is worth investigating - I have also used that.
Also, I know you said PayPal isn't available - but I have found this is the best way EU - US.
Could you use someone else's PayPal?
- 121
2
votes
Should I open a US bank account for my study abroad?
There are odd benefits to having a bank account and a US address - especially if you are, say, purchasing computer parts from newegg.com, buying music from itunes - what you can buy or rent depends on ...
- 21
2
votes
What's the cheapest way to transfer funds to India from USA?
The cheapest might be Bitcoin. You can buy it at very low cost in the US with free ACH transfer from your bank, and transmit it to India for free. The main cost then would be whatever the receiving ...
- 171
1
vote
Bringing Money to the US from a Foreign Country
US Customs and Border Protection says:
Money and Other Monetary Instruments
You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $...
- 2,463
1
vote
Moving to Europe from the US with $200k
I've transferred money overseas in a similar situation to yours, and as long as you set everything up with your bank ahead of time while you're still in the US, you should have no problem. For my bank ...
- 4,530
1
vote
Moving to Europe from the US with $200k
I would recommend investigating whether Transferwise can save you money. I think you could open a Borderless account with Transferwise, transfer dollars from your current US account to a Transferwise ...
- 3,391
1
vote
How can an American citizen working in India easily and cheaply send money to a bank account in the USA?
I do notice you are asking for people's personal experience sending from India. I cannot claim personal experience but I think there is a good chance this will work, having done this successfully from ...
- 631
1
vote
What's the cheapest way to transfer funds to India from USA?
You can have a bank account in the USA and withdraw from it using an ATM card in India. There will be daily limits on withdrawals (limits set by the bank) and/or annual limits set by the US/Indian ...
- 920
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