Reciving large amounts of money from aborad

[Kushina]

I'm like a lost two year old, I don't trust anything outside the US. What do I do.

Amounts wise it could be anything from $1000 - $100,000 from Pakistan to the US.

I've tried talking to wells fargo, citibank etc reps but they are not very helpful

 

[sdifox]

Nigerian scam?

 

[Kushina]

Lol no a family member passed, so I'd prefer this thread to be kept serious as opposed to my regular threads :hmm:

 

[planexcvs]

USForex may help for large amounts. When I was in Japan I used to use GoRemit (formerly Lloyd's), but I don't know to which country you're receiving from.

 

[Kushina]

Pakistan I guess

 

[Red Squirrel]

Cheque by certified mail? That might be the easiest way and is secure unless there may be something I'm missing.

I would not really trust any kind of 3rd party though.

 

[Colt45]

I'd probably fly over and bring a suitcase for $100k

 

[z1ggy]

Contact the 3rd party, give them your name, social, and bank account info and tell them to place the money inside your account.

 

[biostud]

Don't you just need an account with an IBAN number.

 

[jaedaliu]

ask your bank their suggested method. If you're worried someone's going to steal your money, have them open a new checking account in your name, transfer into there, then into your main account and close the temporary account.

Make sure you do your taxes properly.

 

[z1ggy]

Oh, and how can I forget to mention...

Since you're accepting a possible large sum of money from some rando in Pakistan, there's a good chance you'll be getting your phone and internet tapped. Maybe even placed on a no-fly list by the gov't for funsies, then given the good ol full body cavity search.

 

[Leymenaide]

The major Banks have currency exchange offices. They will give you a quote. I am assuming this money is not cash but in a bank. One of the majors has a relationship with a major in your county. Find the relationship and and negotiate a fee or go direct with:
National Bank of Pakistan in New York
New York Branch Address100 Wall Street, 21st. Floor, New York, NY 10005, USA Phone[.]212-344-8822 Fax212-809-4720. Telex--- Swift CodeNBPAUS33XXX City: New York .

 

[inachu]

If it was me then I would move that money to a different account.

If you are well off and or do not really need the money and you are not living pay check to paycheck then if I were you then I would donate the money to some charity.

I would even donate some to a animal shelter.

 

[Kushina]

Oh, and how can I forget to mention...

Since you're accepting a possible large sum of money from some rando in Pakistan, there's a good chance you'll be getting your phone and internet tapped. Maybe even placed on a no-fly list by the gov't for funsies, then given the good ol full body cavity search.

Definitely, I'm sure this thread just put me on their lists plus saying allah huakbhar and anthrax anthrax anthrax to my aunt over facebook doesn't help :biggrin:. Either that or god's going to shoot me down with some lightening.

Anyway yeah, so the wire transfer thing seems to be kind of a no brainier my concern is how much trust can I put in these banks, is there a way to verify or hold them to their word with me being an American. Also transfer fees are a concern I don't want to piss away half the money in fees/taxes while getting it transferred.

If it was me then I would move that money to a different account.

If you are well off and or do not really need the money and you are not living pay check to paycheck then if I were you then I would donate the money to some charity.

I would even donate some to a animal shelter.

Merh I prefer giving my time and personally giving money to those in need. And investing. Gotta take over the world somehow.

 

[Markbnj]

Nigerian scam?

Would have posted this if I'd been awake.

 

[rsbennett00]

Is Aborad a city or tiny country I don't know?

 

[Brovane]

Cheque by certified mail? That might be the easiest way and is secure unless there may be something I'm missing.

I would not really trust any kind of 3rd party though.

That seesm like the best if you don't want to do a wire transfer. Porbably it will also minimize wire transfer fees.

 

[dabuddha]

/me forwards this thread to the FBI

 

[alkemyst]

I'd figure out how much first....$1000-$100K is a vast difference.

Usually just a wire would handle this. Their bank to your bank.

If it's in cash, you want to convert that to an account there.

IRS and FBI/others don't take kindly to transporting cash over borders without declaring it and over certain amounts of cash is considered illegal to carry in certain places.

 

[poofyhairguy]

Paypal?

 

[rsbennett00]

Paypal?

They'd love it!

 

[nickbits]

International wire transfer. You will need the SWIFT code for your bank. I transferred about 30k from Canada with no problems. I do not know how it works when the currencies are different.
I've also used customhouse.com for smaller amounts, it looks likey they are western union now, but that still might be an option.

 

[Brian Stirling]

No matter how you do it the transfer of any sizable amount of money from that region of the world to the USA is going to trigger high scrutiny from all the agencies with a stake. You might want to talk to a lawyer to find out what you are required to do as there's likely to be some requirements you need to comply with.

I might even give the FBI/IRS a call to ask them what needs to be done, but probably a lawyer is a better first step even if they tell you that you need to notify them about it. Also, have all your ducks in a row as far as why you are to receive this money as they WILL want to know.

My guess is that no matter what you do or how legit this transfer is the intelligence agencies are going to be keeping to well focused eye on you, and everyone you know, from NOW on as it's likely this very conversation has produced the necessary red flags.

In short, now is not the time to be browsing through jihadi websites or searching for bomb making tips...


Brian

 

[Linflas]

When my mother in law passed in Quebec in 2013 my wife had to deal with this. We just had a check in Canadian dollars made out payable to her and deposited it with our credit union. They dealt with the conversion and it took about 10 business days to clear and post. Don't forget you will also have to deal with the FBAR crap most likely if they made you a signer on any of the accounts.

 

[Elixer]

Amounts wise it could be anything from $1000 - $100,000 from Pakistan to the US.

I can see the headlines now: "Feds stop a $100,000 transfer to a US sleeper cell...and suspected money handler is now awaiting trial."
Lawyer fees will total $500K-$1 million.

Congrats!

BTW, that is a huge range in terms of how much $$$, unless you know exactly what it will be, you might be spending more in lawyer costs & transfer fees than the actual amount that you would get.