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My father is looking to transfer money from his US bank account to Japan. Apparently he used to be able to do so fairly easily through his bank but now can't and his financial advisor, who he had worked with for 10+ years, can no longer advise him. He's asked for my help but I'm totally clueless. The only companies I can find for this service is Western Union and Pay Pal but I've always been sketchy of Western Union and gently caress Pay Pal. Does anyone have any recommendations or know of the best way to make these kinds of transfers?
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Dec 16, 2013 15:01
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| # ¿ May 16, 2024 07:45 |
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Thanks for the help. Just got an email from my father. Apparently the WU group his bank in the US has moved to requires that he has proof of residency in the US (name on bills, etc) in order to setup an account. This is impossible since he hasn't lived in the US in over 20 years. There's nothing sketchy going on. He moved to Japan to teach English and has accounts both here and there. He's coming into retirement and needs to transfer funds from here to there to pay for his living expenses. I'll look into SWIFT. Maybe that's a better way to go. Worst case scenario is I'm a signer on his accounts here in the US. I guess I could setup the WU account and just give him the account info to make transfers as he pleases. I'd rather keep myself out of it in case there's some financial/legal ramifications I'd be responsible for.
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Dec 17, 2013 13:58
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