Moving al my money to the United States from France

[Durant200 2]

Hello Everybody ?

Before asking , i would like to say that i'm perfectly aware of that the question has been asked so many times before but I think the country of origin can change the case a little ?

Im from France and i dont know how to proceed ? With my fiancee we plan on having a linked account ? And of course leaving my bank here in France. Im not familiar with all of that , and futthermore i requested an apmointment with my banker but i dont know how helpful they will be.

[Durant200 2]

Thank you in advance for the replies , i don't have any bank account in the US yet but would it be possible to send everything to fiancee account then ? I'm so not used to all of that

[A'n'L 735]

Look up transferwise. They usually offer much cheaper transfer fees and better currency exchange rates than banks can. Do talk to a financial advisor in France to be aware of any penalties/reporting requirements for large amounts of money being transferred out of the country.

[Dutchster 1,107]

I kept my Dutch bank account and savings for the first month here and used PayPal to transfer all the money on that account to my husband's account that month. I wasn't feeling the bank fees for doing the same.

[Durant200 2]

Sundaysue have you kept your Dutch account though ? i don't know if i will be able to cancel my bank account from the United States. I never thought about Paypal as an option , really good point there

A'n'L

I should check out this website, I have never heard about it I'm more looking for the fastest/easiest way to do it because i'm not really into throwing myself into a new headache with this

[Dutchster 1,107]

I called after two months to cancel my account, was a 4 minute call and done. Did not really hurt my phone bill either lol

[Durant200 2]

I will surelt follow the same path i think that is surely the best way to go ☺️ This shouldn't be a problem ?

[MarkPerry 488]

I have transfered funds from USA to Philipines bank, wire fee was $20 for $20K.

[Durant200 2]

How about moving all my funds there in cash ?

[MarkPerry 488]

How about moving all my funds there in cash ?

How much cash are we talking in US currency?

[Durant200 2]

Oh it's about 2000 USD but i still haven't left my job yet so i have this current month to be paid so we will see ; I don't know what would be the best to do

[kareelina 42]

Here in Egypt up to $10,000 can be taken in cash

[trjcollinet 0]

According to French Law and Us law, the maximum transfer allow with to fill something to both customs are 10000 $ or Euros (http://www.douane.gouv.fr/articles/a10796-obligation-declarative-des-sommes-titres-et-valeurs). So you should be good. PayPal is for my case one of the best way to do it. French bank have fees as well some US bank when receiving an international transfer.

Just something to consider, it will be good to keep a french bank account, just in case you and your spouse will live in France in the futur. Open a bank account in France is quite a challenge. Without a French address you can open a bank account, without a bank account you can't rent an appartement as well as a phone plan. that's the beauty of France,

[JBMG 890]

On 12/2/2016 at 6:52 PM, A'n'L said:

Look up transferwise. They usually offer much cheaper transfer fees and better currency exchange rates than banks can. Do talk to a financial advisor in France to be aware of any penalties/reporting requirements for large amounts of money being transferred out of the country.

 

I've used transferwise to send money to my us bank account. It's super easy.