International Money Transfer

[Highmystic 234]

8 hours ago, Egor said:

What is the best way to transfer money (50-60K) from Eastern Europe? Not trying to launder anything. Money is from selling property there.

Bank to bank transfer?  I've used bank to bank for small amounts like 5,000 etc, for a flat $20 usd money transfer.

 

[Alabamak1 688]

transferwyse

[NoProblem 69]

Look into international wire transfer from Dollar foreign to dollar local account for larger amounts, if foreign Dollar account setup is possible in the other country.  Outgoing and incoming wire transfer fee may end up being around $45 or so.  For smaller amounts and dollar or vise versa conversions consider Transferwise.

Edited April 18, 2018 by NoProblem

[carmela 13]

This is a very good and usefull topic. Thank you 

[shumway1756 304]

TransferWise is definitely the best transfer service I've ever come across as far as both price and speed. They do have limits though, so not sure about all of that money. You could certainly do something like $10,000 a month or so until you get it all transferred if that's an option for you. Otherwise check with them and see what they can do for a transfer so large. Large transfers like that always raise flags, no matter the service used, so unless you can break it up over time you'll probably need to cut through some red tape.

[Chris Duffy 1,257]

17 hours ago, Loren Y said:

Travelers entering the United States may take as much money as they wish into the country. You may bring up to $10,000 in currency, coin and specific monetary instruments without reporting it to customs. If you bring more than $10,000 into the country, notify this to customs to avoid fines or, worse yet, losing the money. Certain monetary instruments also require reporting, even if their total amount reaches less than $10,000.        I have personally come in to the US with over 100,000 dollars cash before from basically the same thing you did, a sale of property. Just declare it and show proof where it came from and you will have no problems. You will get some strange looks for sure, you may want to request they take you to a private room so there are no problems. They probably will anyway, then you fill out a form, sign, and your on your way.

You entered with US Dollars or Bahts?  or was it another country currency?

 

 

[jskibo 588]

Bitcoin

[Loren Y 2,755]

9 minutes ago, Chris Duffy said:

You entered with US Dollars or Bahts?  or was it another country currency?

 

 

It was US dollars. Bringing baht back to the United States when it is 31.2 to 1 dollar currently would have been a waste. I'm actually working on another piece of property now in Thailand, and it is 200,000 baht or about 6500 US dollars, but when I fly over I can easily carry that amount of money with me.

[George & Roth 1,485]

22 hours ago, Egor said:

 

Yes. So far regular wire transfer is the most viable option. Only about $150 fee to get the whole amount wired. Just looking for options and opinions.

I would just send it through my bank and not deal with the inconvenience otherwise. 

 

Certainly would not be carrying large amounts around, just silly to save an immaterial amount. 

[Egor 13]

Thanks everyone for the input. We ended up using regular wire transfer. The only fee charged was at the initiating bank ($120). Took 2 business days for the money to show up on my US account. Easy with no headache.