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Registered
Join Date: Jan 2012
Location: Erehwon
Posts: 3,369
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Non-banking system overseas funds transfers
I have to move money between US, Canada and Europe on a fairly regular basis for investment purposes.
I have always used the banks and just cringed at the fees (usually 0.2%), plus a communication charge of around $15, plus they use a usurious "sell" rate on the actual exchange itself. There are various methods touted on the Internet professing to offer reliable transfer, including PayPal...has anyone used any of them? Experiences with them? Dennis |
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07-20-2015, 05:16 PM
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Navin Johnson
Join Date: Mar 2002
Location: Wantagh, NY
Posts: 8,768
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Quote:
Many cultures have money transfer services that live outside the rules of traditional banking My now ex wife I and I moved funds and bought properties in Tianjin, and NYC (Queens) I was hesitant at first, but when I saw that so many of the locals participated.... I agreed to move money that way...Its a trust thing inherent to certain cultures...
__________________
Don't feed the trolls. Don't quote the trolls  http://www.southshoreperformanceny.com '69 911 GT-5 '75 914 GT-3 and others |
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07-20-2015, 05:47 PM
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Registered
Join Date: Jan 2012
Location: Erehwon
Posts: 3,369
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Quote:
Thanks! Dennis |
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07-20-2015, 05:57 PM
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Registered
Join Date: Feb 2003
Location: Kailua, Bend, & Tamarack
Posts: 1,618
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Quote:
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07-20-2015, 06:06 PM
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Registered
Join Date: Jan 2012
Location: Erehwon
Posts: 3,369
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Quote:
My bank is Bank of Montreal btw..... Dennis |
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07-20-2015, 06:28 PM
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Driver, not Mechanic
Join Date: May 2013
Location: SF Bay Area
Posts: 3,002
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Xoom.com operates in many countries and will allow someone to pick up at a bank, even if they didn't have an account. Xoom.com is about to be acquired by PayPal.
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07-20-2015, 06:36 PM
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