Transferring a large amount of money across borders

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Transferring a large amount of money across borders

My Rhythmic Crotch: Jan 13, 2011

When I moved from EU back to the US I just basically wired everything. I had to get a US bank account that was able to accept international wires. It was like $50 per transaction and the max was like $10K per wire or something. Then you are just left to worry about the exchange rate. It's pretty nerve wracking though because the wires take a long time to go through and sometimes a bank along the way just decides to decline the whole transaction and so you have to try again.

# ¿ Jan 24, 2016 19:28

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# ¿ May 16, 2024 11:05

My Rhythmic Crotch: Jan 13, 2011

The Biscuit posted:

What are the taxes involved.
As in, if I take 100k on an airplane, you declare it and have to pay a tax on it?

If you're asking these kinds of questions, you prolly ought to have a tax specialist look at it. Basically if you haven't paid income tax on it already, it shouldn't matter how you repatriate the money, you should pay taxes on it when you bring it back.

Also don't bring that much money on an airplane, holy poo poo

# ¿ Jan 26, 2016 06:21

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Transferring a large amount of money across borders