Non-USA money concerns

[asian1]

Hi
On some countries, you must get a permit for sending money overseas (foreign exchange permit). To get the permit may take several weeks.
In some other countries, If you send a large amount of money (US$ 10000 / more), the bank should register it to the police (anti drug/money laundering rule).

[kgrach]

I get bank transfers all the time from overseas and they are much better and safer than credit cards on large transactions.

Credit cards charge normally 10 to 25 cents on each transaction and a ~2.97% fee on overseas credit cards. Bank transfers are usually twenty dollars on the sending end and 10 dollars on my end. So anything over a 1000 dollars and you are way ahead of the game. My bank doesn't charge for sending.It only charges for recieving transfers. Check with your bank on what is needed to send or recieve money and what if any fees are involved.
Also your bank can help you with any security concerns.


kgrach

[Acill]

weirdami wrote:
@Acill

Wire transfers as in Western Union?

No, bank to bank.

[aardvark]

I'll have to win the lottery before I send $1000 in the mail.  Offtimes it's just 20-30 Euro for a smallish piece of kit or software.  Anyway for $10 I can buy 5 McDonald's burgers on special.