Best way to transfer money internationally reddit. Reply reply Johnsonkj67 Not a good idea.

Best way to transfer money internationally reddit Note that in the US a large currency report is filed for every transaction over $10000 and evading reporting is a felony. I've thought of wire transfers, western union, paypal, and even adding her to my bank accounts. As such, it is more resistant to wild inflation and corrupt banks. Here are some suggestions for reliable money transfer services when relocating internationally: Wise (formerly TransferWise) - As you mentioned, Wise is a Money transfer companies provide secure, fast, and often cheaper ways to send money internationally, ideal for both personal and business use. Wise has two separate functions that will be of help to you. Once you process it, they will say something like, “you will send 2325. com is the best place to buy, sell, and pay with crypto. We've been sending money via wire transfer through the banks, but they charge quite a bit so we settled with sending more money less often. If you do, make sure to check that the one you choose offer conversions to your desired currency. Some banks like BoA charge you to send yourself money. I tried withdrawing and depositing to my dutch account but the fee for that is crazy. Wise: The Best Way to Transfer Money Internationally - Digital Currency, Web3, NFTs, Bitcoin and Crypto News Edit: It's fixed fee provider Atlantic Money as they are available on Android now – my needs are def covered! -- Just switched from iOS to Android and can not use my former favourite money transfer app (Atlantic Money), as they don't have an Android app. On most exchanges you'll be paying at least 1% at each end. If you don't care about absolute best rates, Wise is easier as it's free so you don't need to worry to cancel subscriptions or things like this. View community ranking In the Top 1% of largest communities on Reddit. Although Wise doesn't send money for cash pickup, its I transfer money from Korea to US and back using crypto. I transferred a fairly large amount of money, (5 figures) and it only cost like 60 cents. One way I’ve always suggested is to take advantage of Interactive Brokers spot currency conversion. He said Revolut questioned the source but after Users share their experiences and tips on how to transfer money internationally for overseas travel. Are there any other trustworthy money transfer services that we should look into? Brokerage accounts: I have several brokerage accounts with IBKR, Schwab, and Fidelity if they offer any of this service. I am from Canada too, and that is the thing. If you don't need to convert money in a different currency, then go with Wise. A breakdown of the top 10 money transfer companies with different data points and scenarios covered. Reddit; QUESTIONS? Customer Support: (855) 456-7634. In my experience, the exchange rates are generally good and it's the most convenient way to get foreign currency if you can plan ahead. I'm now trying to work out the best way to do this without losing a ton of cash to fees and terrible exchange rates. I use revolut to accept money from overseas, it works fine. That way they pay to your account and you use TW to transfer currencies between your own personal accounts or paypal rather from other people's accounts. to sit untouched in the market. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I do a lot of Venmo/Paypal/Cash app transfers and it can take 1-3 business days, sometimes longer, for transfers to go through. A. Best for cash pickup: West To determine the best ways to send money internationally, we compared several different money transfer services and chose the four best ways to send money internationally. Holy cow. I'm going to have to transfer money to my Dutch bank account every month as of September. 💸 The fastest way to transfer money internationally is to use a specialist money transfer service like Wise or Remitly. I just shared the details with my clients like account details, SWIFT details in relation to the bank and the amount was credited mostly in a day because these companies have their local accounts setup in the country and tend to do NEFT to your account. Are there any ways to send them money without these fees or minimal fees? My credit card has like a 2% fee for foreign currency charges so that seems like a better option to pay with, but paypal only gives me the option for paying in my country's currency. Then USD arrives in your Sony or Shinsei account and you can convert it at any time later when the rate is good (or leave it to use or achieve a higher status level). Up to 5 each. I have used transferwise to move money once in a while to pay off my student debt over the past 8 years and that has worked seamlessly- and it does seem like the cheapest option (~0. You can "activate" international transfers by visiting your local branch or maybe it can be done in the website like u/51mp101 said, I don't know if possible, but it's worth to take a look. You can get some discounts on your first few transfers/conversions. to the U. Instead of the charges for transferring money internationally, you will instead have the exchange fee of buying the Stellar Lumens in your local currency and then selling the Lumens in the US to get US dollars. However, people tell me that the best way is to take cash and then get better rates from local exchanges. 50% fee to send $20k for instance, $21 fee to move $2,500 for instance) You can obviously transfer money within the EU without any problems You can, but not by default. A place to discuss US and Worldwide immigration news, politics, visas, green cards, raids, deportations, etc. 2. What is the best way to do this? I'm trying to get the best exchange rate and ideally do this as fast as possible. You can transfer money to Australia via wire transfers. Step two- buy xrp or litecoin (cause transfers are super quick from 1 exchange to another xrp in my experience is the quickest. This is not a good use case for crypto. A family member in Chile wants me to pick something up for them here in the states, and we're trying to figure out the best way to transfer money from there to here. Thank you. However, there is a 1 day delay to transfer money from your main bank over to revolut, but receiving money from another revolut account is instant. Wise, as mentioned already, is. There is Nothing else with reasonable fees. ph, buy USDC, send to Binance, sell USDC, then ACH transfer the dollars to US checking account. My wife lives there so I will be sending money regularly to help her pay off some unplanned medical debt before she moves to Canada. I was surprised that when BoA was charging me around $600ish for the transfer, the total fees on Wise (along with the exchange rate) ended up being around $120 to transfer around $14k. I usually avoid money transfer companies also for the horrible exchange rates they give me or when they force me to received it in pesos instead of dollars. Posted by u/Wow_Crazy_Leroy_WTF - 3 votes and 3 comments London-based fintech Wise is a world-class option for sending money internationally and frequently ranks as the cheapest way to transfer money internationally on Monito. A wire transfer or a bank check denominated in dollars are the one way to Legitimately transfer large sums of money from one country to another. If you go through "legal" or "official" way, you will lose a Going through Wise or KnightsbridgeFX is the way I'd go. Unfortunately, the world of international banking is a byzantine mess Top Five Ways to Send Money Internationally: 1. Localbitcoins is nuts too. Hello, I need a way to send multiple payments to Kuwait , Saudi , Turkey and other GCC countries for now as I have a startup and the banks fees are too high & eating out of our margins For this same-currency transfer, Wise charges a very small fixed fee and not a percentage based as for their (mostly used) conversion-combined transfers. USDC is the safest and it is not volotile it's also backed by real reserves that are audited. They offer features like real-time exchange rates, low fees, and multiple Looking for the cheapest way to transfer money internationally? See the best tips and providers for transferring money to a foreign currency in 2024. For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. Contact cbd, they will give a good rate for high sum transactions. According to the Monito Score, Wise is also ranked as the best money transfer service of all, and its mobile app is ranked the best money transfer app. E. Any suggestions on ways to avoid fees? Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Once he stops being resident, there is a good chance his account will be frozen and he will not have access to his money until at best somehow he figures out remotely to get bank to transfer his money internationally or at worst he The Best way to transfer money internationally may have changed and evolved over the years, but it still presents a large issue for many people I created a website for a non-profit in Guatemala (I'm in the U. Banks hate doing money transfers since they cannot make enough money from them (unless they charge huge fees which they do). Most countries have laws against carrying more than the equivalent of $10k in cash so you don’t want to do that anyhow. FOUR PERCENT. Exchange rates are good. Is there an easy way that allows me to transfer money to my visa debit or bank account in my country? Thank you! Edit: Well, thanks for the No incoming wire transfer fee. Have the korean person open a 외화예금 or foreign currency account (checkings acc for foreign currency) and u can just wire to and from easily as long as u have all routing, account, iban numbers which you can find in the banking app I have American and Canadian bank accounts. That way you’re paying in the local currency with a card that does contactless payments as well as chip and PIN. Trough kraken its a bit trickier but once you get the hang of it, easy. Bitcoin fees are terrible. Another option is to use Zoom via PayPal. Zebpay gives one for 287k. I live in sri lanka and I work for a US job and i've been getting paid through Wise for the past 5 years. $45 per transfer. Second this. Cheapest: Atlantic Money 5. Runner Up: InstaReM, XE 3. Anything relevant to living or working in Japan such as lifestyle, food, style, environment, education, technology, housing, work, immigration, sport etc. However, I know that this risky carrying like $3k with you. So the purpose is to get the best exchange rate. Very fast (hours to transfer) and only $5 a transfer. com is a way to transfer money between countries. Send in foreign currency, receive in PKR. Yes, fairly normal. That being said, I’m not sure of the ins and outs of the crypto market in Brazil, but I would imagine exchange rates still apply, you’d have to transfer their currency into a crypto, whether it’s Bitcoin or another, then back into Dollars of course Some good options to consider: Remitly, Xe. You can get their debit card and load it with Euros, crowns, whatever. When it can take awhile for recipient to receive the funds usually is due to GCash being down as it is unreliable unfortunately. Harmony is a fast and open blockchain for decentralized applications. and am looking to send money overseas to Vietnam. I've tried various services, but I prefer Western Union. Crypto. The best destination banks for a transfer into japan will be either Sony or Shinsei. g. And transferring also has a large fee. Avoid transferring dollars to a peso bank account you will loose a lot on the exchange rates. . Additionally, I'd like to note that I am not concerned with the amount of time the transfer takes (within reason) as I am essentially just sending the money back to the U. If you're looking to transfer money from a NRI account to local, you can just do that by requesting your bank. dollars? Obviously transfer fees, currency exchange fees and the interest rate of the recipient account would be something to consider. Up! also has (Transfer)Wise built into the app. reddit's best expats sub Members Online • mikuinu. via Western union, directly to receive dollars in Pak. It’s really nice and 10% legit. The OECD also facilitates sharing transactions from the OECD, so if you bank in Europe and move money, FinCen knows. Moving companies generally want a minimum amount and couriers will charge by weight and size, not a flate rate like an airline. If you join using my referral link, the first $500 that gets transferred is free of charge (no fees), the fees are still very nominal (around 0. In finance, sometimes any transfer is referred to as a wire so you may need to specify you want an immediate Lending Club Outgoing Intl Wire Fee $40/Domestic Wire $20/////BlueVine no intl wires/////US Bank $75 outgoing intl/outgoing domestic $40//// Fifth Third Bank: $15 fee to receive an international (or domestic) wire transfer. We are talking of amounts between €300 and €500 each month. Wiki at: https://japanfinance. Albeit, this is one of reasons Bitcoin was created, if you had the money you wanted to send to your family in bitcoins. I have a credit card with 0 foreign currency fees and use that for every payment except rent, cash or the occasional transfer. Then just exchange on Revolut to Euro, again at exact same rate you will find on XE currency/Google currency convertor. If you want to USE the money, it’s more efficient to just use the Wise card in Europe, which converts on demand. I was wondering if anyone can recommend a way to transfer funds internationally / exchange currency without taking such a hit. I have an AUS Bank Account with Up Bank and international transfers to a UK Bank are free and take 15-30 to transfer through, the exchange rate was also good Reply reply Live-Oak-Hammock What is the best and most cost-efficient way to send money internationally? I know some people will likely say crypto. It could be in their wallet across the world in under 3mins, with a really small fee. Some take 3 days. Account and then doing a transfer each month for all donations to the Guatemalan bank. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Also, don't use banks to exchange your $ to PLN. How did Mozilla Firefox go from being the best and most beloved browser to suddenly the worst company and browser according to Reddit upvotes · comments r/privacy For sending money, Electronic Funds Transfer is practically free. Please help! My S/O lives in Germany and I gave her a CC as an authorized used to accumulate points while she is in Germany. 3% in exchange fees (sgd to usd using MooMoo, using Yahoo finance to calculate hidden fees), possibly lower if using IBKR and sending way above US$5000 after accounting for all the trade/transfer fees. If its between a korean living in korea and an american living in america, easiest is wire transfers with your bank accounts. Best Way to Transfer Money Internationally; Top Posts Reddit the man had me due to wire transfers for me and he gave me all the information to his login and his passwords I did two wire transfers for him and confirm them okay how do I know that they were real all right and how do I know he's real he's on telegram he's supposedly hired me as a personal assistant the second wire 1 through twice accidentally okay and he saying since I I have always asked for a direct bank transfer, or Xoom by PayPal (it's like bank transfer, money comes directly in our bank accounts in up to four days sometimes but usually just like bank transfered, almost immediately). Before transferring make yourself this question: Will she still be with you if you were broke AF? In case the answer is yes, the cheapest way is to give her a debit card of an US bank that works in Colombia, that way she will get a fee for each transaction (highly recommend to withdraw the highest amount permitted by the bank) and 4x1000 (local tax for each money transaction). Most major banks I use both xoom and transferwise to transfer money internationally. News, articles, statistics and anything concerning money transfer whether it be operators, companies, services, licenses and general questions about the business of it. Paypal could also be a good solution -- just check the (hidden) fees. Luna is one out of 20,000 crypto currencies. 99 (recipient picked up cash in dollars, available within seconds, and there are many WU desks even in smaller cities all over South America). I am from U. Best & least expensive way to send money internationally via bank transfer for a startup. Thanks for any advice! I would break the transfers into 3 depending on the amount. Though a bank might seem like the obvious place to make an international money transfer, banks are actually the most expensive option, costing I think they're just going by Wise now, but I had a good experience for several years when I was living in Canada and then transferring money back when I returned to the states. Coinbase charge 4% to buy Bitcoin in Australia. Looking for the best way to send money internationally? Check out our list comparing the best international money transfer services in 2025. You don't need to pay a transfer fee since the cryptocurrency would not need to be transferred from one account to another. I have been trying to figure out the optimal way to move funds from my UAE account to a USD account - and so far the best way I have found was to send AED to my Wise account, but that costs 105 AED. With most of these services, the money never leaves the borders physically Hello, what is the best way to transfer money internationally? For reference, I am from America and want to transfer money from my home bank to my Japan Post bank. Does this mean that I just cannot send money to Vietnam through Scotiabank? If anyone has sent money internationally through Scotiabank, please share your experience. You may use card for instant transfers, there will be some fees Xoom can do immediate transfers but their rates are not good The best way to transfer money internationally is the one that allows you to get money where you need it to go in the way that suits you best, whether that means in the shortest time frame or while charging the lowest fees. Does anyone have an idea? This was the best answer. I am Kenyan, and thanks to technology there are much better ways to send money in ways that are cheaper and faster than services such as Western Union or MoneyGram. That's what I'm going to do. I've used Wise in the past but not for such large sums. As well as being licensed and working with banking partners under the approval of the Reserve Bank of India, Wise has a range of security measures in place to protect Cheapest way to transfer a large amount of money internationally Just , like the title says. So be careful about any scheme that tries to circumvent reporting Take a look at the JapanFinance wiki on handling money, and do the reverse. Bank Wire Transfers. Bank fee for any transfer from US to PL banks are approx. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable Transferwise is good and you can keep it in the same currency. Just a couple thousand dollars. github. On the quotes we've gotten, it's far cheaper than a courier or moving company. I assume that both people, sender and receiver, have a bank account. Its best to transfer large amounts once in a while versus monthly transfers. You dont have to go through the hassle of wthdraw, show proof of funds etc if you did through a third party. People send money overseas for many reasons. Its better to ask for cash and go to Kantor for an exchange. reddit's best expats sub Members Online • Wise. What sort of a transfer are you looking for? Do you mean to convert a foreign currency to INR? In that case you could something like Xoom or Remitly. Like if they’re going to charge $2, send her $17 instead of $15. We use Moneygram. But it'll be somewhere between 500 and 1k peso. We want to do it online. Going through a regular bank is around 2% higher. Check other cities near you. I am planning to move some of my saving to a newly opened bank account in China, to buy my father some gifts and make him happy, but I never transfer money internationally and only used RBC in Canada these years. I think I am more comfortable sending $ through Western Union, PayPal, Venmo (not sure if Venmo works with international bank accounts) or some other traditional method, but by all means I am open to suggestions and different The cheapest way is to use a service like oanda. Is Wise truly the best way to do this as well or is there another service you guys recommend for large sums of money while getting the best exchange rate and least amount of fees? If you're not in Thailand yet, consider actually buying baht at home through your bank. The best way I have seen and also a bit more complicated would be to send the money to a Brokerage and do Norbert’s gambit. The only way to not report transactions to the IRS would be to either have no money and use no money, or bank out of somewhere like Belize or Paraguay with no reporting standards and very questionable banking regulations. Been in the same situation, it is a Massive pain in the ass to transfer money abroad from the Philippines. Reply reply Johnsonkj67 Not a good idea. Don't like Revolut though as they offer just too much in one app. I'm studying in Alberta as an international student, so a big part of my expenses is paid by my parents, currently in Vietnam. I am wondering the best way to receive (and send money) as she will be accumulating debt (in my name). Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. This transfer apparently comes with no fees, so I'm effectively moving my Canadian dollars from CA to the US for free. $50 fee to send an international wire transfer using a For that, the easiest way I thought is, to send money thru a company like wise, and get the money in CZK directly, but then if you want to get it back, you need to go again from CZK to EUR, which makes 2x loss money for this. However every major bank can handle international transfers. where I am now. Send to EU Revolut (free). This is over the limit of Wise money transfer, so that's not an option. For me, adib gives me just as good of a rate as Wall Street exchange + 1 free international transfer/month. External account transfer is simplest and can be done on a phone. If you want a referral to Wise, PM me. N26 bank Europe /r/number26bank has gone dark indefinitely in protest of reddit's recently announced API policy change. Other tips: the Big 4 banks (ANZ, CBA, NAB, Westpac) are a ripoff for everyday banking. com Visa Card — the world’s most widely available crypto card, Instarem rates are good, it will come to Indian account in 1-2 days, once they receive money. A credit card is always good for use as a physical card because it isn’t your money and it isn’t your problem to get the money back if it is taken. I have seen horror stories on here, but I suspect those are the exception caused by regulatory friction. I’ve done some preliminary research and know that RBC, TD, BMO, and CIBC all offer USD Savings accounts and some offer a US checking account The best exchange rate is in the streets. Understand the best way to send money quickly, cheaply and with large amounts. Create an exchange account that supports your currency: coinbase for usd and eur, kraken for eur,yen and maybe usd not sure. Expecting to send roughly 10k and want to pay as little fees as possible while making sure the money is securely sent. Harmony Mainnet supports thousands of nodes in multiple shards, producing blocks in a few seconds with instant finality. In general it depends a bit on the envisaged methods and circumstances. I was wondering the best way to do this? There are methods such as Bitcoin, Visa, EcoCard, Click2Pay, money transfer, bank wire, Neteller, Are any of these the absolute best or are there any other even better methods for moving electronic funds around for personal international use? (especially with Europe and Asia)? Looking for a cheap, quick and secure way of sending money. While you may not trust it this is the best and fastest way to move large amounts of money anywhere in the world, without involving the headaches of banks and there absurd fees. I am trying to transfer money between my banks and converting from USD to CAD. I have transferred money before with Akbank and Enpara, with whom I have bank accounts, but was shocked by the amounts of money that were withheld by the banks on either side. Financial I am about to move to Mexico to work for a couple of years. We are looking for the best possible rate and best fees. 5%, much less than western union. as part of their normal free package. You then do a free IBAN transfer into your usual Italian bank account. ) and am not sure what the best way is to transfer donations made via the site to a bank in Guatemala. Since I travel a lot, I prefer to have funds stored in USD in Wise. I've done it many times. 5-1% of transfer) Current btc in usd is 4214 on bittrex, which 270,245 inr. Last week, I contacted Paypal about sending money internationally. /r/immigration is protesting Reddit's API changes. Crypto is a great and easy way to move money already invested in it, but to go Fiat > crypto >fiat could incur costs/spread higher than a wire transfer depending on exchanges or fees Moving money across currencies is really a volume business. I would also want to ask about what is the best way to send money from Canada to Vietnam or any other country, so if you have any suggestions, please let me know. The safest and traceable way is using SWIFT transfer. Both have limits of $10K daily and $50K weekly, which I have to call every two days to request. Is that about the best I can do? View community ranking In the Top 1% of largest communities on Reddit. Details here. I’ve done it with 50k before, transferring from bank to Coins. I also travel quite a lot and paying with the AED card in other stronger currencies isn't great, as the bank exchange rate is generally 5-7% worse. But once it is back up, the money arrives on their account instantly. Step one - transfer money from your Korean bank to Bithumb bank account - app is easiest and quick. Hello r/india I am working on a platform that will allow people to pool financial resources, and one of the hardest parts is figuring out the best way to move money in a somewhat affordable manner. Last transaction was $2,000 and cost me $4. I thought about just routing the donations to my U. It's a foreign exchange broker. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable if you're still looking, wise is a great way to transfer money internationally. I am comparing OFX and Wise for international money transfers from CAD to EUR. What is the best way (and best recipient bank to use) for that relative to send me that amount, which is now in a foreign currency and would have to be converted into U. I use ACH/bank transfer, so it takes time. Wire transfers are a popular and secure way to send funds overseas, including to Australia. I’ve been using Wise for 3 years now. Based on my research of testing 25+ providers, here’s a quick list for you. I’m looking to find the best way to transfer money to the US. S. You can calculate how much sending the money will cost here. Even though Detroit has a Delta hub sometimes it’s cheaper out other close cities, and check their parking fees - if you’re going to have to park, plus cost of gas, sometimes toll roads - it’s just better to book from your home airport and not deal with the headache and then driving back after a super long international flight just to save $100-$200. Latitude 28 is a credit card which also charge no transaction or bloated exchange rate. This is especially the case for larger amounts of cash as wire transfers are usually fixed in amount. I'm going to buy 20,000 baht via a foreign currency service my bank offers, and that way I'll just have the money already when I arrive to cover me for the legal requirement, even though people are rarely asked to show it. International money transfers are a popular practice. For these wire transfers, someone has to go to the bank, wait in line, etc. Wise & Revolut both provide multi-currency accounts in USD, EUR, CHF, etc. In this case I recommend two providers: a) TransferWise b) CurrencyFair Both are British peer-to-peer marketplaces for these money transfer services. At the moment, we complete a wire transfer every two weeks through our bank. It is one of the fastest options for international money transfers. com. Scammers. Your German bank, on the other hand, may charge you. lol it's not. When moving internationally, we've always checked bags. Found this online: "Wise is a safe provider to send international payments with. For a couple thousands dollars you’ll be spending more in FX fee than with a regular swift transfer. And have a paper trail of this money because the bank will have to file a report with FINTRAC so make sure you have that. Transferwise / Wise is by far the cheapest, best exchange rate and fastest to send money back to the US. Also Great: CurrencyFair, Western Union 4. Most ways seem overly fee-laden or have lots of attached horror stories, to the point where it's almost cheaper/safer for them to fedex me the money (insured for the value of said You are best off doing a big chunk at once, however, it also makes sense to only transfer what you need for 2-3 months and keep the rest in your us account. Mon-Thu 5:00 AM - 7:00 PM PT; Fri-Sun 5:00 AM - 5:00 PM PT; Home Really depends on what amounts you are looking to transfer and how often. Ideally, I don't ever plan on transferring money from the U. What we do is that we give money to someone in the country we're in, this person call a family or friend and he gives the money to the person who want in Algeria. You'll need an account at one of those, then get the relevant wire transfer info (SWIFT code, etc) and have your bank/broker in europe wire the money to that account. You can transfer direct from ENBD to Revolut, it will arrive the same day and the full amount of AED you transfer will arrive in Revolut (zero fees either side). Another option is a demand draft, which is a physical paper draft issued in a specific foreign currency. Note that you'll have to know the account number to transfer to. There are a host of other options for this but IMO these give the best conversion rates. and often cheaper ways to send money what is the best way to send money to the USA from PH in USD Depending on how much the amount is, just your traditional wire transfers from bank to bank would be good. As for the exchange rate, maybe you can call the "move money" department at schwab and ask for more details. You can use Wise to transfer money from your US bank to your EU bank (once you have one). Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. , so that component can be ignored for the sake of this For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. Convert to Euros (free if on weekdays). Paypal charges ~$5 per transaction. com Visa Card — the world’s most widely available crypto card, Western Union is slow (they sit on your money for many days) and they skim your money on the exchange rate - rates are terrible. Looking into transfering a large amount of funds internationally and am being met by very large transfer fees. In The Netherlands, it is very common as it is used to pay bills, transfer money to individuals, etc. 5k and are Not worth it. They're the wire transfer people. Fees are far less than wire transfers. Thus, using internet-based solutions are the best ideas. For sender side it'll cost probably about 0. com, Xoom, Ria money transfer, Wise, Bank options - Icici bank, sbi and west union You need to conciser the sending limit , sending time (instant vs 3-5 business days) and the rates that they give. 1. On localbitcoin there are individuals charging from 284,000 to 306,000 depending on the amount of btc you are buying all requiring IMPS transaction charge. What is the best way to transfer money internationally? I am a non eea student and I get money on my bank from my home country and I have to send it to myself to my dutch account. I send money regularly from the US to South America. Best Overall: Wise 2. The only way to do that transfer online is to pay a $5000 annual fee. 819K subscribers in the ask community. We would like to show you a description here but the site won’t allow us. $30 fee to send a domestic wire transfer using USD currency. Learn how to send money overseas and the best ways to transfer funds internationally to cut down on fees. They say I'll have to open up a US IB account and request a transfer of all my assets (including cash) from my CA account to the US one. To exchange bitcoin for cash at a Canadian exchange is at most 1. It was a bit of a process getting the money into Wise though. You do a domestic funds transfer from Wells Fargo to either your Wise or Revolut USA bank account, then convert the amount to EUR and voilà it's in Europe (Belgium). If you want to move the money, you can just convert from USD to EUR and then transfer via IBAN to any account in Europe. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. ADMIN MOD Need advice on transferring money internationally from Mexico . Took about 24-48 hours. Is it better to complete the ACH transfer through website B or website A? Whichever one is free and fastest. In Europe we generally use Revolut or Wise for transactions like this. This is a place to ask questions. com serves over 100 million customers today, with the world’s fastest growing crypto app, along with the Crypto. Next year I'll be moving to the UK and need to take a reasonable amount of funds(few million php) with me. You can transfer money in, then change it to a different currency at a tiny marginal cost (small fraction of 1%) and then transfer it back out to a different account. Bank transfers take more than 2. The lack of notice from Reddit, exorbitant pricing and terrible official apps are unacceptable. Bitcoin does fluctuate that much, but not every day. Definitely not a stupid question, this is a perfect use-case for crypto -or at least should be- frictionless cross-border payments/transfers. Steps: ACH from US bank to US Revolut (free). Rakuten Employees: Do not attempt to distribute your referral codes. Some banks take 1 day to transfer. Use Revolut and pay the 8 Euro monthly premium. I was looking at Western Union but don’t know if that’s the best option. If you are in the USA just go to Walmart walk in give them your ID and tell them you want to send money to the Philippines, they have several ways to do it and you can select Money Gram, Western Union or Ria and they will tell you the exchange rate and ask you how much you want to send, they will also ask you were you want them to pick it up, Money Gram is connected to Soon I plan to move to the US, and spoke with an IB agent about the account transfer process. Best for Speed: Wise and Remitly 6. I've emigrated but still have north of $100K CAD with Scotiabank that I'm trying to move to the U. I hear TransferWise praised in this subreddit. They don’t tell you. So my question is, would this make sense?: Transfer e. Common advice on this subreddit and elsewhere is to use Wise for smaller amounts (say <$10,000) and OFX for larger amounts because OFX is supposed to give a better rate. I couldn't wire a transfer to Italy a couple of days ago. Our protocol has achieved secure and random state sharding. Are there any other better alternatives with good rates? Western union is the easiest option but will also cost the most, both in terms of fees and worse exchange rate There are number of other cheaper ways but they require setting up an account with them and linking your bank account to transfer the money from. For larger funds transfers, generally Sony or Shinsei (and sometimes Prestia) will offer the easiest experience / possibly best rates / lowest fees. It appears my best options are international bank deposit or interact e-transfer though a third party. For residents of Japan only - if you do not reside in Japan you are welcome to read, but do not post or comment or you will be removed. Korea side - Bithumb and US side Coinbase. One could easily have the transfer complete within an hour using bitcoin. In some countries, it's uncommon to pay this way. Send to bank (free). is it better to transfer through checkings or through savings If you’re comfortable with it, you can transfer via crypto for the best exchange rate. You can even open many different currency accounts within your account. I have tried transfer wise and every time I send the money it says there was a complication with sending. Best way to transfer money internationally? I used to use UAEexchange for online money transfers, but they are having issues at the moment such as delayed transfers. What is the best way to transfer money internationally out of the bank system? but the main thing is because the countries I need to transfer the money from/to are very hermetic, so bank system is not the best option I have used Wise and OFX for International payments and I hadn't had to do anything with these companies directly. Best for Large transfers: Currencies Direct, OFX and TorFX 7. Through coinbase its fairly easy to purchase eth trough a bankwire or cc. I need to transfer over 30,000€ from my Dutch bank account to Bank of America, then to Vanguard. I’ve never had any problems and is way way cheaper than traditional bank wire transfers. But the cheapest way is to use a specialist transfer company like HiFX or Transferwise, or one of their competitors. But well worth it. Much better exchange rate than Western Union. A bank wire transfer is one of the most traditional and reliable ways to send money internationally. The easiest way is bank to bank international wire transfer. On May 31, 2023, Reddit announced they were raising the price to make calls to their API from being free to a level that will kill every third party app on Reddit, from Apollo to Reddit is Fun to Narwhal to BaconReader. Companies have done so, but very few clients listen beyond PayPal and the like. Like a $25 wire transfer fee is prohibitive on $15 but on $10k it’s less than 1%. Your best best is PayPal. To give some background. Some suggest using Citibank, ING, TransferWise or credit cards with no fees. In the US, the way the banking system works means that people are very unwilling to give out their bank info, it's not like Spain where you can't do all that much with an IBAN. Guys , is there a way to transfer money from abroad to Morocco without fees or at least something cheap! I have a payoneer and a CIH account and they are both linked , one time sb transferred me some money to my Cih account from abroad from their local bank account but the Recipient receives the money within seconds 99% of the time whether it's sending directly to GCash or Bank Account. Also get a credit card with no international fees. Is wise the best I'm going to get or is there a cheaper option? Also what's the best way to avoid delays? I talk to wise and they basically said they don't verify information for the international transfer until they receive the money, which is stupid and could put me in a situation with long delays. PayPal will take a fee, depending on the amount. Transferring into the Philippines is easy enough, with services like transferwise offering good value. 67 after the exchange” and then, when the money gets there, they will send a sneaky email that says “your transfer has been confirmed. If you want an immediate transfer, you need to ask for a wire transfer or a bank wire. Unleash the power of AI with r/AIPower! This thriving community welcomes everyone, from curious newcomers to seasoned experts, to explore, discuss, and collaborate on all things AI. Truly, your best bet for small amounts would be to just calculate how much they’re going to charge her and send her a little extra. oqdhlr svgz dngh hyczo txc ujma oppeh lqp lwranz gqd