Ever since humans established countries, there has always been a need to travel and trade across borders. In the early days, merchants had to physically carry gold to its intended destination. Today, sending money is as easy as tapping a smartphone screen a few times, and in an instant, the recipient will be smiling all… Continue reading Can You Send Money to Another Country?
Category: Transfers
Why Do Wire Transfers Cost Money?
With the rise of technological advancements, sending and receiving money is now faster, more reliable, and generally safer than ever. This is particularly true if you use a wire transfer. All things being equal, recipients can receive funds sent via domestic wire transfers in just one day. International wire transfers may take up to two… Continue reading Why Do Wire Transfers Cost Money?
Can You Track An International Wire Transfer?
International wire transfers can be extremely helpful for a number of reasons. In fact, one of the major benefits of an international wire transfer is that you can trace or track your funds, so you have a record of the transaction. So how easily can you track an international wire transfer? Well, with most financial… Continue reading Can You Track An International Wire Transfer?
Can International Wire Transfer Be Reversed?
Transferring money usually happens automatically when we make our everyday payments in life. But occasionally we need to set a transfer manually, and using a wire transfer is one common way to do so, especially for sending money internationally. However, there are occasions where we may want that transfer to be reversed – but is… Continue reading Can International Wire Transfer Be Reversed?
Do I Need to Declare Money Transferred From Overseas?
American residents and businesses process billions of dollars worth of international money transfers every day. You could have family or friends living abroad who occasionally send money back home, or maybe you need to receive a freelancing payment from a company in Asia. Whatever the reason for overseas transfer, you’ll need to acquaint yourself with… Continue reading Do I Need to Declare Money Transferred From Overseas?
Receiving Large Amounts of Money From Overseas? Here’s What You Need To Know
With so many Americans conducting business with foreign companies, it’s now commonplace to receive money from a foreign country. Or sometimes, your friend or family member who’s working in another part of the world may want or need to send you money. Since you’re on the receiving end of the transfer, the method with which… Continue reading Receiving Large Amounts of Money From Overseas? Here’s What You Need To Know
Is Wire Transfer the Same as ACH?
Only a decade or two ago, cash and checks were the go-to options for receiving paychecks and sending payments. But in our new digital age, pretty much everyone transfers money electronically. Americans are spoiled for choice when it comes to the ways in which they are able to send and receive money. The two most… Continue reading Is Wire Transfer the Same as ACH?
Are Wire Transfers Over $10,000 Reported to the IRS?
Ordinarily, single cash and check deposits over $10,000 are supposed to be reported to the IRS. When you’re making these deposits, your bank will ask you to fill out and file the IRS form 8300. But are wire transfers over $10,000 reported to the IRS? The simple answer is that yes, wire transfers of $10,000… Continue reading Are Wire Transfers Over $10,000 Reported to the IRS?
How Do I Transfer Money to Someone Else’s Bank Account?
As more banks are catching up with the latest in financial technology and developing more creative ways to connect customers to their money, it’s become much easier for people to transfer money to each other’s bank accounts — from all different parts of the globe. In fact, these money transfer platforms have made it easy… Continue reading How Do I Transfer Money to Someone Else’s Bank Account?
Can you wire money online?
Can You Wire Money Online? One of the most common questions people ask when they want to send or receive money quickly is: can you wire money online? The simplest answer to this question is yes, you absolutely can. The ongoing advances in technology have made it possible for people to transfer money to accounts… Continue reading Can you wire money online?
