TCB Posted October 27, 2021 Share Posted October 27, 2021 Does anyone know a good way of sending money to a family member in another country, that doesn’t have high fees? It’s not a huge sum or anything, but would like something safe and secure that doesn’t cost a huge amount. 1 Quote Link to comment Share on other sites More sharing options...
MEmama Posted October 27, 2021 Share Posted October 27, 2021 We just transfer money through Schwab or similar. Otherwise, Venmo? Or PayPal? 1 Quote Link to comment Share on other sites More sharing options...
regentrude Posted October 27, 2021 Share Posted October 27, 2021 We used to use Xoom. What about Paypal? Quote Link to comment Share on other sites More sharing options...
TCB Posted October 27, 2021 Author Share Posted October 27, 2021 21 minutes ago, regentrude said: We used to use Xoom. What about Paypal? Last time I sent a small amount there were fees even with the friends and family, unless I didn’t do it correctly. Quote Link to comment Share on other sites More sharing options...
MEmama Posted October 27, 2021 Share Posted October 27, 2021 2 minutes ago, TCB said: Last time I sent a small amount there were fees even with the friends and family, unless I didn’t do it correctly. DH has sent DS money via PayPal without incurring fees. Both accounts are registered in the US— not sure if that makes a difference? 1 Quote Link to comment Share on other sites More sharing options...
MEmama Posted October 27, 2021 Share Posted October 27, 2021 (edited) If you are an Apple products user, what about transferring funds through Apple Pay? My parents use it a lot for that purpose. Edited October 27, 2021 by MEmama 1 Quote Link to comment Share on other sites More sharing options...
TCB Posted October 27, 2021 Author Share Posted October 27, 2021 5 minutes ago, MEmama said: DH has sent DS money via PayPal without incurring fees. Both accounts are registered in the US— not sure if that makes a difference? I think both being US does make a difference and is free. I haven’t looked into Apple Pay so thanks for that suggestion. 1 Quote Link to comment Share on other sites More sharing options...
MEmama Posted October 27, 2021 Share Posted October 27, 2021 Just now, TCB said: I think both being US does make a difference and is free. I haven’t looked into Apple Pay so thanks for that suggestion. To be clear, DS lives overseas but his account was registered here. It’s a US account, not an Irish one. Idk if it makes a difference, like if friends and family might not work if the account had been set up over there instead. 1 Quote Link to comment Share on other sites More sharing options...
theelfqueen Posted October 27, 2021 Share Posted October 27, 2021 (edited) I venmo money to DS in the UK. Fees breakdown here https://venmo.com/about/fees Edited October 27, 2021 by theelfqueen 1 Quote Link to comment Share on other sites More sharing options...
Bootsie Posted October 27, 2021 Share Posted October 27, 2021 Wise, Formerly TransferWise: Online Money Transfers | International Banking Features We have found that for many transactions Wise has the best fee/exchange rate combination. 1 Quote Link to comment Share on other sites More sharing options...
Lanny Posted October 27, 2021 Share Posted October 27, 2021 Over many years I developed a lot of trust in PayPal because of their Customer service etc. Now PayPal has a company called Xoom. That would also be a top choice of mine. As Bootsie wrote, one can shop around and maybe get a lower price and hopefully excellent service. This is the URL for Xoom: https://www.xoom.com/ 1 Quote Link to comment Share on other sites More sharing options...
Melissa in Australia Posted October 27, 2021 Share Posted October 27, 2021 We do direct bank deposit . We need to contact our bank and get a swift code for that particular bank and country. It is a very straightforward process. 1 1 Quote Link to comment Share on other sites More sharing options...
silver Posted October 27, 2021 Share Posted October 27, 2021 You kind of have to factor in exchange rate as well as fees charged. My bank charges $45 to wire money to Nepal, which is way more than Xoom, but Xoom gives such a lousy exchange rate that I found more money got transferred to the recipient if I went with the bank and took the $45 out of the transfer amount. And, depending on the service again, your recipient may have to pay fees to get the money from the service to their bank account. 1 Quote Link to comment Share on other sites More sharing options...
Arcadia Posted October 27, 2021 Share Posted October 27, 2021 We pay for wire transfer through Citibank. The exchange rate is decent and it costs us $17.50 per wire transfer. 1 Quote Link to comment Share on other sites More sharing options...
TCB Posted October 28, 2021 Author Share Posted October 28, 2021 Thanks for all the suggestions to look into! Quote Link to comment Share on other sites More sharing options...
SoCal_Bear Posted October 28, 2021 Share Posted October 28, 2021 Schwab! No ATM or international exchange fees. 2 1 Quote Link to comment Share on other sites More sharing options...
SoCal_Bear Posted October 28, 2021 Share Posted October 28, 2021 You do have to have account with them and also get the ATM card set up with your account. 1 Quote Link to comment Share on other sites More sharing options...
Bootsie Posted October 28, 2021 Share Posted October 28, 2021 1 hour ago, calbear said: Schwab! No ATM or international exchange fees. With Schwab, you can deposit money in your US based account and use an ATM machine in a foreign country. But, you can't send money to someone's account in a foreign country fee-free can you? Quote Link to comment Share on other sites More sharing options...
SoCal_Bear Posted October 28, 2021 Share Posted October 28, 2021 (edited) 2 hours ago, Bootsie said: With Schwab, you can deposit money in your US based account and use an ATM machine in a foreign country. But, you can't send money to someone's account in a foreign country fee-free can you? I don't think you can do that. This would work if the receiving person had their own Schwab account and ATM card. I would find out if how you can help said person open an account. Edited October 28, 2021 by calbear 1 Quote Link to comment Share on other sites More sharing options...
SoCal_Bear Posted October 28, 2021 Share Posted October 28, 2021 ok...I just checked it costs $15 to do an online money trasnfer to an overseas account from Schwab. 1 Quote Link to comment Share on other sites More sharing options...
gstharr Posted October 28, 2021 Share Posted October 28, 2021 Hello TCB, I'm prince Abu, Assistant Director to to the Deputy Prime Minister of the the interior of Finance in Nigeria. We have located $150,000, 000 USD in a dormant account. By law, we are required to destroy such funds if we are unable to find a rightful heir by midnight October 30. 2021. Because are records show that you are a honest person. we will send you a check for $150,000,000 USD. After you deposit the check, wire us $5 000.00 in in USD that we will then deliver to your child by private jet. Later, wire $2,000,000 to us for processing fees. You may keep the remaining funds for your service. We think you will find the transaction mutually satisfactory. Regards. Prince Abu 2 Quote Link to comment Share on other sites More sharing options...
DreamerGirl Posted October 28, 2021 Share Posted October 28, 2021 6 minutes ago, gstharr said: Hello TCB, I'm prince Abu, Assistant Director to to the Deputy Prime Minister of the the interior of Finance in Nigeria. We have located $150,000, 000 USD in a dormant account. By law, we are required to destroy such funds if we are unable to find a rightful heir by midnight October 30. 2021. Because are records show that you are a honest person. we will send you a check for $150,000,000 USD. After you deposit the check, wire us $5 000.00 in in USD that we will then deliver to your child by private jet. Later, wire $2,000,000 to us for processing fees. You may keep the remaining funds for your service. We think you will find the transaction mutually satisfactory. Regards. Prince Abu OMG ! My first thought was the Nigerian Prince has struck the forum. Good one ! Quote Link to comment Share on other sites More sharing options...
DreamerGirl Posted October 28, 2021 Share Posted October 28, 2021 We find our bank easy and extremely less in fees to transfer. We regularly transfer gift money for occasions to multiple countries and we do it via our bank. We tried Xoom, but the fees are high. 1 Quote Link to comment Share on other sites More sharing options...
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