Wire transfer to the USA

[kimandfred 0]

I didn't see this post earlier, otherwise I would have replied sooner. Here's what happened for us. Fred transfered a very large sum of money to an account here that he set up at the same bank as mine. Once his account was set up, he had to be in contact with his old bank (LCL, do you use them? They were a pain, but eventually did what he requested.)to transfer the money. They needed the bank rounting number and account number etc. They charged a small fee, but nothing too extreme. My bank assured us that the IRS can do nothing about it, they have no right to tax any of it, because it's not income. They just have the right to tax the interest that he'll earn while it's here. I think the red flag from $10,000 is when it's cash, because that could like like laundering, but if it's a wire transfer from a bank, or a cashiers check, they said it's fine. More than 6 months have passed, and everything continues to be good.

[Flames9_RN 358]

I have been using Custom House for a few yrs now--its a Cdn company, but its international. If you do it electronically its FREE!! they do have a wire option, but costs $$$ Takes a bit to set up--verification checks, but its very easy to do, and i always got a better exchange rate what the bank would give me http://www.customhouse.com/