>Is there such a thing as online banks that can store multiple currencies and have credit/debit cards you can use abroad ?
>Ideally low fees
>decent interest on savings
>I want to be able to buy and store currencies for a good price and when I go overseas be able to use my card to access said funds while traveling.
Wise.com formerly TransferWise
I've read that once you have a CS account, you can purchase directly if you can fund the account with USD. Wise.com is mentioned as a service that could help fund the CS account in USD.
Still waiting for my account to try it out.
I checked their help desk and it looks like Wise is a UK company. They have an article about tax here: https://wise.com/help/articles/2932394/how-does-tax-work-with-my-wise-account?origin=related-article-2565007.
NFA, but what I'm gathering for this is that tax is your own responsibility and you don't need to take further action. However, I'm smooth af and you may want to consult an expert.
Glückwunsch! Schaut für mich nach einem höheren Gehalt aus als was ich bei "Lehrer" erstmal vermuten würde. Ich vermute, du hast Lehramt in Deutschland studiert? Sind dann diese Expat-Stellen begehrt unter Lehrern? Wie hast du sie bekommen?
Eventuell kannst du Überweisungsgebühren nach Deutschland mit wise.com reduzieren, aber genau weiß ich es auch nicht. Kontogebühren in Deutschland ließen sich mit kostenlosen Konten einsparen (z. B. DKB oder Tomorrow).
If the issue is because your USD account is located in Hungary you could try opening a USD account using Wise and then do the USD to HUF transfer with them. I've not done anything like this myself but their website seems to show it's possible at least. Might be worth googling to see if anyone's had success this way?
Edit: didn't see your chat with them before posting, sounds like they're saying they'll only pay out HUF for you regardless. That sucks
Do you have a job lined up? How about a roof over your head?
Figure out which places that you want to live, or have considered. Do some research. Following is a basic calculator for comparison of cost of living from Buffalo to London.
Here's a basic of what steps to take on an American looking to move & work in the UK.
If I could recommend one thing OP, since you stated that you haven't even traveled out of NY yet alone...
Do that first. Go somewhere stateside by yourself. Somewhere close at first, but outside of your comfort zone. See how it goes.
As you get used to traveling, you can find places that maybe you like more than your hometown. Then, start doing research. Compare and contrast the cost of living. Types of jobs available, and things like transportation, entertainment, etc.
Going out on a whim is exciting, but times are much different now than they were pre COVID-19.
I hope you find something OP!
You've gotten some good advice from others already about how to move forward. Definitely worth a conversation with a lawyer over a $17,000 dispute. That is absolutely ridiculous.
Just wanted to chime in and highly recommend using Wise for direct bank to bank transfers if you haven't heard of it before. I've used them for international wires for my business, and they provide direct domestic transfers as well. You can Google about them, they are legit. By far the lowest fees in the game. In my research about them, I found their is even a subreddit for them as well.
Just out of curiosity, I punched in what the fees would be to transfer $17k domestically. A piddly $4.86, and it's insured too.
I'm not affiliated with them or collecting a check for singing of their praises, but they have always done right by me and I'm happy with their service. Anything to help someone cut the cord from PayPal.
I would like to remind you all that using a pre-paid card for purchases to avoid VAT is illegal, by no means should anyone use companies like wise.com to create a Canadian account to avoid VAT.
In addition to the above advice to maintain a physical US address I’d recommend keeping an active US bank account and a US mobile phone. These aren’t cheap but they will greatly simplify your life. I use T-Mobil with a global (not international) calling plan. T-Mobil has the advantage of working in several countries where my EU phone does not.
Wise (formerly known as TransferWise) is the best tool I’ve found for moving money from one country to another with low fees and real exchange rates. Using banks will cost you a small fortune in fees and lousy exchange rates. Wise also offers a debit card that allows you to hold multiple currencies and is great for travel.
I second the advice about AmEx. They helped me get my first credit card abroad which was invaluable for establishing a credit history.
Once I had my CS account up and running. I opened a Wise USD account. There is a fee whenever you fund it, but it's not bad. This Wise account provides you a Routing Number, which is needed by ComputerShare to purchase.
Norbert's Gambit is indeed the cheapest. Assuming your pay isn't in a physical cheque, you can check out places like KnightsBridgeFX or Wise to see if they can convert the funds for you.
If your employer is US based, it might be better if you get a Wise Multicurrency Account, get a US account encoding number and have your employer pay you there and then have Wise do the currency conversion and send that money to your Canadian bank account.
For more on this: https://wise.com/ca/multi-currency-account/
Spain? or Portugal? A Portuguese D7 visa should be fairly simple to get if you have ~ $20K in savings. It sounds like a warmer climate is important to you, which is why I'm suggesting Spain or Portugal. Also, it's a very short move from London.
REM: you are currently lucky enough to live in a country (the UK) which has:
* Universal healthcare
* a social safety net
* strong trade unions / worker's unions
* a much better work-life balance
* better public transportation
* paid holidays and paid vacation
* and gun control.
The US has none of these things. If you want to move someplace less expensive and less rainy, please consider moving to a warmer country that has Universal Healthcare and a social safety net. A visa isn't that hard to get (nor is it that expensive), and you can always go through VFS Global, which will do most of the work for you.
<strong>Living in Portugal: guides for expats</strong>
<strong>Living in Spain: guides for expats</strong>
They charge no fee to receive USD via ACH, but they charge 0.31% to do an ACH debit.
Agreed. We would need way more information.
You might come to find out that there is indeed a variety of wealth levels in the room- and you are not in the upper echelon.
Money talk varies widely among cultures as far as what is appropriate and in good taste. Here is a good, albeit older, article about money.
If it’s a social or family function, I would think a vague comment (if the topic absolutely must be broached) about how you’ve been lucky/blessed or your employer has been good to you before redirecting the topic.
If this comes up in a professional setting, I think you can be more explicit. In a job interview, for example, this must be discussed. In a conversation with a coworker, it could be appropriate to speak about what career development you’ve undertaken to increase your value to the company or improve your professional skills. This should also be done vaguely and without numbers attached (percentages could be acceptable).
If this is in a romantic setting- of course the topic must come up eventually. I would suggest well into the relationship, and accompanying a conversation about values and budgetary priorities. The other person can certainly tell the standard of living you expect without you having to say a word.
I will caution that if you bring up a fraught topic like money, expect some equally awkward questions. People may feel entitled to probe further. Or you may be solicited for donations and favors for the foreseeable future.
At tilføje til prislisten:
Revolut har 0% op til 7.500 kr. pr. måned (på deres gratis plan) men hvis man bruger sit kort lørdag/søndag så er der et tillæg på 0,5% (uanset hvilken plan man har).
Man kan også få et Mastercard fra Wise, deres gebyr afhænger af valuta, men det er typisk under en halv procent.
Der er også Lunar Premium, som også fjerner alle valutatillæg, herunder også ubegrænset antal hævninger i udenlandske hæveautomater (Wise tillader kun 2 pr. måned og op til hvad der svarer til 200 EUR/GBP svjh). Men Lunar Premium koster 69 kr. pr. måned, så man skal bruge sit kort en del, før det giver mening, sammenlignet med fx Wise eller Revolut.
FYI for UK apes.
Open IBKR account and Open USD Wise (wise.com) account
Send funds (GBP or USD) to IBKR ~ $200
Buy 1 GME share
Wait for 2 days (shares need to settle)
Request DRS in IBKR
Wait for mail from Computershare
Register online with your Holder Account Number
Wait for verification code mail from Computershare
Verify your account. Fill in W-8BEN tax form online.
Buy GME by providing your Wise USD account details
First of all, we have some misconceptions here.
> she might have to pay a sales tax of that money.
Simply transferring money is not taxed.
Movement of money is NOT taxed.
There may be REPORTING requirements.
But that is NOT a taxable requirement.
> sell her home and all her valuables
This is where there may be tax.
If there are capital gains (sold for more than what it was bought for) then this can be taxed.
The US taxes ALL sources of worldwide income on US citizens. Thus, international capital gains are still subject to taxation.
Now, let's get to your question.
> What’s the best way for her to go about transferring that money to the U.S with minimal fees
The biggest factor is you have not shared what country the money is coming from. That's fine. So your guidance will be general.
Wise..ingyenes, van forint alapu szamla (is), ingyenes debit card
Kp-val viszont nem lehet fizetni a szamlakra, tehat kell, hogy legyen valahol valamilyen bankszamlad (ami esetlegesen levon az utalas miatt, ez orszagfuggo)
Yep - setup sucks. Easiest to use wise.com right now unless you can do a wire from your investment account (that's how I funded it). Once the vault started getting built in Indonesia they changed the wire address to there, but if you go to the mint you'll get an address in Australia that you can still use.
Most use wise. Or send crypto in.
If the KYC stuff is failing, then make sure your photos aren't too big. They're serious about KYC.
And the debit card is going live again in November with the new provider. No set date yet.
(If you have issues, [email protected] is solid and should be able to walk you through anything.)
Kinesis is amazing, but they're also a startup that's growing at 8x to 12x per year, and lots of moving pieces are coming into play (indonesia to go live any time now, LatAm announcement yesterday, Cardano and Ripple coming soon, etc.)
They really need the debit card back online (and linked ACH account) again. That will go 70-80% to address your issues.
The Verification code is after the shares arrive in your account. BUT is required to actually do anything with the account.
The first letter gives you the account number (and relief that your shares are locked up ) but other than that you can not really do anything.
With the first letter your account is created at computer share and you can buy or sell by writing to them and posting the letter, or you can call them and verify they exist but that is it.
With the first letter you now do the first of the next 3 important steps.
this will automatically generate a verification code ( required for anyone with out a US SSN) that is sent by post.... THIS TAKES 4 WEEKS by snail mail.
The $45 expedited means you do not need to wait 4 weeks but can get it in 1 week instead.
Consider Wise dot com- you get a dollar account routing and account number you can transfer into from Fidelity just like any US bank account (e.g. Wire transfer or preferably ACH if that's an option for you). Wise charges flat rate $7.50 to receive the funds.
Then you can change them to Euro at a better exchange rate than AIB or Fidelity would give you and transfer them into AIB from wise by providing your IBAN.
Simple to set up and only takes a few days for the funds to hit Irish bank. I was sick of paying big fees to BOI until I switched.
CurrencyFair is another option but I had issues with transfers as they don't have a USA account any more.
Wires work, but are a pain. I've sent two wires in and they were there in less than a day, but that was back when wires were supposed to go to Australia.
Something not mentioned here is Kinesis is going after the un-banked, and they've worked a deal with Indonesia where Indonesians (all 200 million unbanked folks) can get a branded Kinesis account (called Pos-Go or something like that) and transfer their cash in at any post office, which is where they pay their utilities. This will be huge if Indonesia every recovers from Covid and promotes the damn thing, but as I understand it post office workers are getting paid using the Kinesis system now, and it's online. Just not announced or promoted.
The reason I mention this is because Indonesia required all gold held by their citizens (and they are only using gold, not silver) be stored in Indonesia. There wasn't a vault of the proper security level there so it's being built while the system goes live, and around the time period where the promotion was supposed to happen the address to wire funds to changed to an Indonesian bank, which I'm assuming means Kinesis is getting a better rate on transfers or some other perk for banking there.
No idea. But if you wire funds in and think "WTF! Indonesia?!??!?!?!" just understand it's part of a bigger play that makes sense to the guys running the show.
Most Europeans use wise.com, and from the telegram group it looks like you can simply wire or use Wise to send your local currency and the conversion to USD to buy gold/silver is done automatically and at a very reasonable rate. So it's easier today than yesterday.
I hate the downvotes on Kinesis. It's complex, but but at the end of the day it's a service that offers secure, diversified (8 countries), allocated, insured, deliverable, and audited vaulting for precious metals. It does this in a way that leverages the advantages of the blockchain so you can use your vaulted metal as a day-do-day currency (the the VISA debit card), make payments to others or sell/exchange for multiple currencies (including crypto), and you actually earn a yield in metal that's based on fee generation rather than something risky like lending the metal.
It's frigging genius, but it's still a startup and the advantages of it are just coming online. For instance, the first yield payment was only made this week.
Anyway, it can be hard to get your money into Kinesis. Folks in the UK have done well using wise.com to transfer in, you can use crypto transfers like the OP did, you can wire it in (my brokers made this relatively painless, if a bit scary), or once you get the first funds in the account if you're in the US you can get a physical VISA debit card for $1.99 per month, and you can transfer $10,000 per day to the linked debit account using normal US bank-account to bank-account transfers.
Do your DD, but Kinesis is revolutionary. I'm glad to see more people getting on-board.
Are you moving forever? Do you need cash, or do you want your money (bank account) transferred?
Answers will heavily depend on the above. For cash, you can order dollars at your local bank. It will be a shit rate. Airports do it too, at an even worse rate.
If you're talking about whole accounts and transferring your savings, it's more complicated. Depending on the amount (don't tell anyone here how much you have :-) ) it could be possible to use wise.com (formerly transferwise), or even Revolut (first xxx€ are free every month, so if you don't have much and can wait a few months...). If you are a Belgian citizen you might want to keep your money in EUR in Belgium, and not transfer everything.
Child support exists in the Philippines. He can't just vanish. A quick google shows that the process is about the same as most other countries and plenty of legal aid is available, a lot of which is free. Get support for your kids.
Χρησιμοποίησε wise (λεγόταν transfer wise). Πολύ καλά rates και είναι οτι πρέπει για μεγάλα ποσά. Χρησιμοποιημενο πολλές φορές. Σου δείχνει ακριβώς πόσα λεφτά θα πάρεις και τι fee θα έχει.
Use Wise.com (formerly known as TransferWise). When I had to get money out from an Employee Stock Purchase Program in EUR to the US into USD, it was the cheapest way to do so (considering banks give you a shitty exchange rate rather than the mid-market rate).
For no less than 6 months per year I understand.
You can buy a lovely apartment is a retirement complex by the beach in Malaysia and l ive there for less than you can live in NZ all year. And that's including the compulsory local gardeners, maids.
Juicinda is about to lose most of the upper end of her income tax source, if she chases the associated retirement savings they'll vanish in a Malicca sea breeze.
Con la app TransferWise (Wise).
Creo que TransferWise hace la transferencia desde su cuenta de México a la tuya, por eso tú recibes una transferencia por SPEI y cuenta como una transferencia local sin comisiones cobradas por el banco.
La única comisión la pagas a Wise y por eso son muy bajas.
This doesn't really answer your question, but as a workaround, I've used Wise to send money through Alipay. The Wise fee would run around $5-10 USD.
Expat for over 14 years here. I put up with citibank and their horseshit for almost a decade doing exactly what you describe over their debit card and THREE credit cards I own through them.
Finally shit-canned citibank and went with Charles Schwab for my main bank, and multiple other cards as backup - no more bullshit calls and no more bullshit SMS checks.
You can also open a wise.com account and get their prepaid card which is great and they use WhatsApp for 2FA - so no worries about traveling or needing a specific SIM in your phone.
Etoro degiro aap hier. Ik ben van plan om direct te kopen bij CS met een wise.com account. Las ergens dat iemand dat al gedaan heeft. Zelf al wel ervaring met wise. Werkt perfect. Ik heb ook een affiliatie linkje. 90eu per 3 signups trouwens. Gratis transfers voor de eerste 500eu. Daarna lage kosten. https://wise.com/invite/asd/adriaanv80
For buying direct as a UK ape, open a Wise account and a USD account in it. It’ll give you an American bank account with the details needed.
UK bank > Wise GBP > Wise USD > CS USA
You can then sell after MOASS and it’ll go into your WISE USD. then go backwards on the chain
> the transfer fees and exchange rates are really high for international bank transfers
Have you looked into Wise? For me it's always been cheaper to use than my bank for international transfers.
> can we make the university pay the extra charges (transfer fees)?
Chances of that would be arouuuund 0.
Well the media isn’t always a good source of nuanced commentary on the fintech space. I’ve worked in fintech for a decade, so do with that as you will.
First off neither Wise nor Chivo compete with western union. WU takes physical cash from someone (or electronic) in the source country and hands the recipient bills in the destination country. Physical units of currency. Not electronic. To do this they have to pay for property, staff, security and compliance/regulatory in origin and destination countries. That shit ain’t cheap!
Chivo fuck only knows what they’re actually doing but they claim to accept electronic cash in the source country and give you Chivo fun bucks in ES. This is not physical cash. To get cash you have to go to an ATM and pay huge premiums to get cash out.
Wise multi-currency (https://wise.com/multi-currency-account/) is most comparable to Chivo. They give you local US banking details (and in AU, CA, SG, UK, EU) and you can accept domestic transfers for free into your account. And hold them there, without conversion, for free. And send them to others. In many places they offer a debit card too. This has been an option for Salvadorans for years. Not sure about physical cash out though, I could look into it if you’re curious.
from my comment in another thread
I used to send money directly via FNB's Forex system to IBKR but I've found Wise to be much quicker and it offers far more options.
eg. Since SARB clamped down on buying cryto from international exchanges with your bank card, I now have EURO & USD accounts so I can transfer fiat from ZA to Crypto.com or Binance in a matter of minutes! Most times the transfer from Wire to those services is done in under 15min. I've also setup my paypal account to point there which means I dont need to bring it into my FNB account.
Sa side ni client need nya lang i connect yun debit card nya to TW then every transfer ni client derecho na sa debit card mo. May comparison sa website ni TW about conversion rate and fees
It's no problem to get an appointment for an ultrasound, you just have to call early enough or else the clinic or gynecologist might not have time for you. Just call around and ask.
Without insurance a prenatal ultrasound costs on average around 300,- €, but depending on which clinic you're going to it might be higher. Bigger clinics with high prestige can charge more, but your average small gynecologist would likely charge less than that. In any case, you can ask for the costs when you call for an appointment and check who might be a little less expensive.
Found this website, it might has more information you find useful, though it's more about actually giving birth in Germany.
And just a question out of curiosity, but why don't you have any form of health insurance? Especially in the US it's a dangerous gamble living without any insurance, even if your system is imo bs.
You will want to give them an easy way to pay you. Give TransferWise (now Wise) a shot. https://wise.com/us/ Wise should be able to get you a US Bank Account to transfer funds to your home currency.
Possibly, depends on your tax relationship with US/CA. Likely not. Company will need you to fill out a IRS W8-BEN. It covers them with reporting on your possible withholdings, but likely 0 US Tax withholdings.
Honestly, it should not be a problem if you can land the job. They will be paying you as an overseas contractor, and not a US Employee per se. You are part of the "team" but not protected under US Employment laws.
Additionally, I would not waste time applying for companies who are not ready to hire for overseas, they may not have the technology/business infrastructure to do so easily (but honestly they should now with COVID). I have employees overseas and while cheaper it does cost in terms of opportunity/communication/time-zone issues. I have to remember that they will want to take time off for _their_ local holidays on top of US ones as an example. So be flexible, but be open to them saying no thank you.
Why not get a Multi-Currency Account from Wise? It would literally solve your issue, it's built for people who work for companies based in another country than the one they live in. You will get a bank routing number that's local to your employer if they're based in the US, UK, EU and several other jurisdictions.
The account itself is free and Wise's FX rates are going to be better than the bank's.
You can then transfer your funds from your Wise account to your bank account for a low fee.
Try Wise (formerly Transferwise) if they're available in India. I used them and get same day withdrawals from Earth2. It's just a great bank account to have in general too.
Ah stimmt, das wäre noch ne gute Info gewesen:
Ich hab ein Konto bei Wise.com (arbeitsbedingt) und das hatte ich hier auch schon mal empfohlen. Lässt sich auch super schnell einrichten und freischalten, sodass du innerhalb eines Tages ein "US Konto" hast
No hay nigun banco ni servicio que hace transferencias gratuitas de USA a México. Si no te quitan dinero en comisiones, te roban con un mal tipo de cambio. Lo mísmo con los casas de cambio en la calle.
Usa el app de wise. Este es lo que uso para transferir mi nómina en dólares a mi cuenta en pesos. Lo que necesitas hacer es:
Wise se requiere un poco esfuerzo al inicio pero las comisiones son muy bajos y ahorras hasta 100% comparado con un banco o 50% comparado con un casa de cambio. Y lo puedes hacer electrónicamente sin tener que sacar mucho efectivo. Tengo un link de invitación para que tu primera transferencia sea a discuento: https://wise.com/invite/asd/dylanm125
There's no such thing as "not having a SWIFT code". The SWIFT code is to identify the bank, so it's the bank's code, not yours.
If you can't easily get it from the bank, you can look up e.g. at https://wise.com/us/swift-codes/ . Note this is just about identifying your bank - you shouldn't need to, and shouldn't, put any of your personal information in a search site like this.
In general if it feels like your problems getting paid are not bad luck, or anything you're doing wrong, but more like everyone is out to get you, well, that's because it's true.
Seriously, political opponents of freedom to do sex work are concentrating all their fire on the banking system trying to make it hard for you to get paid. Check https://www.acceptancematters.org/
I heard there is a way, the euroapes figured it out. What you do is DRS first so you can get an account with computershare, sign up to https://wise.com/ , fill out tax forms, and you can transfer money to computershare via transferwise to buy more shares. I don't know more specifically further. I'm hoping it would be more obvious once I get my computershare account.
I used to send money directly via FNB's Forex system to IBKR but I've found Wise to be much quicker and it offers far more options.
For Paypal it should be SWIFT/BIC code, which isCIBBMYKL. Make sure you are in Paypal Malaysia site,routing number is a 9 digit code for US banks
Esto es super googleable, es una pregunta simple para em thread de diarias y, más allá de eso, es mala idea usar fintechs como lugar de ahorro.
I use the TransferWise card. In certain countries your account e.g. my Euro one actually had bank account details you can pay directly into. Although I’m not sure what checks you need to pass in order to get one.
Protecting against money laundering is a reason sometimes it’s harder to sign up for these things if you’re new to a country.
No problems at all here (in GB). Everything worked smoothly from the start. For moving funds in, use wise.com. Money arrived well within 24 hours and I have done that four times already :)
Also 2FA with google Authenticor works perfectly here.
I had no problems, and I have moved fiat in 4 times already (using Wise.com). Money arrived well within 24 hours each time. But I guess it depends on how you are trying to fund the account.
I believe there's no way of paying boleto from overseas. :( Boleto is an automatically generated file with all the payment details from that transaction and an unique barcode. You scan it using your bank app and pay directly from there or you go to local place here and pay it using cash. I think the best option would be to send the money through PayPal and then your friend pays for it.
Edit: maybe using Wise can help you! https://wise.com/help/articles/2978036/how-to-pay-by-boleto
You have to make an account at WISE (that's what I read) with the exact same personal information at CS.
Transfer money, change to $, buy.
Have no experience myself, still in the middle of a FOP-transfer....
I'd suggest following wise's advice
That being said, you shouldn't too worried it shouldn't actually go to an account as it'll be unlikely to exist, more info here
You can look up exactly what they charge on their website, they are particularly transparent about all charges. There are no hidden fees, what they say you get is exactly what you do get. Depending on the country, it may be cheaper to open a multi-currency account. This is the cheapest for transfers from the US, as you can fund the multi-currency account for free through ACH. Using them to send money without having an account, there is a fee for ACH.
Other countries, it may not make so much difference whether you have the account or not.
Total fees for transfers with Wise depend on the currency pair but are low, typically around the 0.3-0.6% range. Under 1% for most.
They are not a bank, they are a money transfer service. The card is not the most economical, to use at an ATM, there is I think a 2% ATM fee and you also pay the Thai-side fee, plus their usual margin. If you are American, a zero foreign fee card like Schwab that also rebates the Thai-side fee is a better option. There are similar available in some other countries like Australia but not all countries, it depends where you are from.
Most people using Wise have a Thai bank account and use Wise to do transfers into that, and then use their local bank account for day to day.
Be on CDN payroll with CDN deductions for tax, CPP and EI as per the regulations for CDN employees. They could use a payroll service if they don't have CDN operations.
If they don't follow the rules and put her on US payroll, she will file 2 tax returns (US and Canada). She will eta. W-2 for the US income and since she isn't working int he US, she will have her tax and FICA refunded. She then converts the US income to CDN dollars using he Bank of Canada average annual exchange rate. The income is foreign income.
1) yes you have to open a US bank account for simplicity (TD and RBC are the main cross border account solutions) and use Wise.com to transfer money to Canada. She may be able to use wise.com for regular payroll as well.
2) Earned income increases RRSP contribution room.
Strictly speaking all banks should require you to have an address and ID number as part of their money laundering prevention measures.
N26 is an option like the previous poster says, but I have heard that they have been known to kick customers out / close their accounts. Eg after Brexit, and certain passport holders. (I live in Berlin). Am not sure if they will cover you in many other countries outside their remit.
You could try WISE as an effective bank service. Technically they are not a bank but you can send money there into whichever currency you want, which should suffice for work purposes- presumably you would receive a tax/ID number for each country you are working, which I believe is required for this.
You also get issued with a card that you can then use to make payments.
link to wise info
I work for a US based company. My contract is managed by deel (letsdeel.com), I withdraw to Wise (wise.com) and then convert USD to BRL and send it to my local LTDA account (brazilian equivalent of an LLC).
Taxes are hard to understand but easy to execute. I have my own company setup and managed by Contabilizei (contabilizei.com.br) where I declare my earnings and pay my taxes.
I'm Brazilian and don't know what would change if you don't have citizenship, I guess opening a company would be more complicated but that's not even necessary (it's one way to minimize income taxes). I'm sure you can pull it off if you hire an accountant to figure it out.
It's a great time to earn in USD and spend in BRL lol
> That doesn't include rent.
Yeah, I think he used this article, says $1,100/mo. excluding rent.
Accepting misinformation and unsourced claims is how you end up a constantly-hallucinating boomer facebook group.
No. Your giveashare stock is automatically registered through computershare.com. You will receive your computershare statement a few weeks after your receive your giveashare.com GME certificate. You can then use wise.com or a cross border account with TD or (can't remember the other bank) to purchase more shares directly through computershare.com
TransferWise is an international transfer company. I think they're just called wise now, wise.com
You can used them to send from your NZ account to their NZ account and they'll transfer from their USD account into the CS USD account.
Much quicker method of international remittance.
Depending on the amount of money involved, the cost of the conversion back to fiat on the exchange that the school accesses from Madagascar might be higher than the fees from a service like Wise.com. I would look into both. I have thought about sending crypto to the UK in the past and the fees to change from crypto to GBP on the UK exchange were higher than the fees that Wise.com charges me.
For an American non-UK resident to get GBP (say, $10,000 worth) at a British bank (£7,xxx currently):
Option 1: Crypto
1) Send crypto to CEX.IO (assume negligible fees)
2) Withdraw using SWIFT (0.3% + £25) [this would be £0 using "faster payments" for UK residents]
Total fees: $64.50
Option 2: Wise.com
Send between my USD wise account and my GBP account
Total fees: $42
I'm always sending money (every month) to the US using Wise formerly know as Transfer Wise
Using Revolut will usually charge the receiver with extra fees for international bank transfer, while Wise makes it look to the recipient as if they're receiving the money from a local bank transfer in the US. So it is beneficial for both parties and they offer great exchange rates.
hey guys, randommm question. if earning/receiving money in USD, how'd you prefer to receive it? my logic:
>if bank in straight to Malaysia bank account, will lose to the bank's cekik darah currency rate.
sooo my solution is to create another USD wallet in wise.com and so i can control the currency rate. let's say its not a one-time thing but til end of the year on a monthly basis. just wondering if other ppl have other ways to deal with this that would maximize the MYR money receive cuz its the damnnn pandemic and every cent matters.
here, some troubleshooting from wise.com: https://wise.com/help/articles/2452280/problems-paying-by-card
Also, Crypto.com is a prepaid Visa card, not a actual credit card yet. And there is a daily/monthly transaction limit. I recommend you check the Terms&Conditions of your card, located in the 💳 section of the app. There's more information there that might help you figure out what is going wrong.
Double check if wise.com is requiring extra fees after the amount you put in, making your card's funds insufficient. Also check if you can split your transation into 2 smaller transactions, it might go thru.
No sé qué banco sea ni la cantidad, sin embargo yo he hecho transferencias de BBVA en su página web a un país asiático y uno europeo sin algún problema. Además existe la opción de WesternUnion, que si bien te castigan el tipo de cambio, es de las maneras más fáciles.
Eso sin contar que existen otras plataformas para mandar dinero como https://wise.com/ que no te pide algo (o al menos cuando hice una transferencia no me solicitaron algún documento o verificación).
De hecho me sorprende que sea solo en efectivo, pues eso va en contra del concepto de que si es efectivo no se puede seguir la línea de dónde viene el dinero. Más bien supongo que si es una transferencia pagada en efectivo te pidan tantas cosas, pues según tienen que verificar que el dinero sea bien habido.
Por último, como dijeron otros, son leyes mal hechas. Porque el usuario común tiene una cuenta bancaria desde donde manda el dinero a otra que lo recibe. El político con millones robados, el narco con millones de actividades ilegales, etc, no mete su dinero a santander para transferirle a sus hijos en Francia. Y sí, también es una cazería de brujas, la teoría es que al requerir que todo fuera electrónico, el SAT iba a tener la capacidad de vincular el flujo de dinero y poder localizar las personas que ganaban más de lo que declaraban (como el drama de que si gastas más en una TC de lo que ganas, seguro es ilegal el dinero). Pero pues si cada fin de mes la página del SAT está muerta para la declaración de impuestos, qué se puede esperar de que entiendan sobre ML/AI
Fellow europoor, first you should check if CS accepted your W-8BEN submission online.
Indeed, I am in a similar situation and I had to send the physical form to CS (via courier). The reason being that my Wise.com account (in USD) appears to be at a bank in the US, but the address registered at my CS account is not in the US.
Therefore, together with the W-8BEN form I had to write a short letter explaining why my bank account is in the US while I am not a resident there (i.e., I do not pay taxes in the US).
If you’re using Wise as means of payment for the exchange of goods/services you may need to set up a Wise business account:
Wise (formally Transferwise) and get your debit card delivered before you leave the country if possible.
Actually I'm not sure if it's US based but it gives you a US account based out of NY.
İt's like a "borderless" account . You can have accounts in US, AUD, GBP, Euro and a few more. And you can send money to many currencies. Low rates.
İf you have a business account, there are business options as well
You can browse Wise here
I'm happy with them. Been using them since about 2017 or 2018.
Open a US balance. They give you a few options to fund it (credit card, wire transfer, debit card, etc). Once you have US money in the account, you can then access your Routing Number. You’ll have to upload proof of ID (drivers license, passport).
I'm also in Canada and I charge all my clients in their currency (including AUD).
Look into transferwise (wise.com) it's a huge currency rate saver and I love it. I don't put any conversion rates on the invoice
Stop using PayPal, for one. Sign up for a Wise multi-currency account, open a USD account, use those account details to choose "Direct to U.S. Bank (USD)" as your withdrawal method. Deposit USD in your Wise account with no fees, convert USD to your local currency and send it to your local bank account.
Takes a little bit longer, but you save on the fees and get a much better exchange rate.
I'm awaiting the snail mail but I plan on using my wise.com (formerly transferwise) "multi currency account" to set up a US bank account in Computershare and buy through that if I ever have enough money again to buy more shares (fuck auckland rent, fuck nz price of food).
I think you can just use your NZ bank account too once you've set up the foreign currency account in CS? would be more fees and worse exchange rates tho I'd imagine. have a hunt around the subs tho the info is definitely out there for us foreigners direct purchasing
Anyway, to the extent crypto augments fiat in areas the latter can never be scaled due to architectural limitations (and this is an important point – the relevant innovations may just be in the pipeline, and crypto shouldn't exist to skirt laws, but to simplify legal global transactions) its use is likely justified, but making it legal tender for everyday national transactions is overdoing it.
If she is happy to create an account, download an app etc, I regularly use "Wise" previously known as Transfer Wise. Works great, very cheap fees. Never any issues with it. The bank fees to do similar transactions are insane.
Hi, I just posted about opening an IBKR account last week and transferring shares to CS. How long did it take CS to get back to you? I can see the shares are gone from my account but nothing yet from CS.
Also posting so I can find this again and get more via Wise.com thank you.
About the collusion scenario, note that even if brokers try to prevent DRS that doesn't prevent apes from buying more GME in CS directly. That said, I don't know if international apes can buy directly from CS, since I've read around that you need to fund your account with a transfer from a US bank.
I don't know if this might help, but I've used wise.com (TransferWise was called before) for currency conversion for quite some time. A few years ago they introduced multicurrency accounts, and they do give you a US bank account number to receive US dollars. That said, I do not know if this can be used to send US dollars to CS. Might be worth investigating in more detail.
Also, I'd like to mention another possible scenario: institutions sell or transfer to brokers part of their DRS shares. This could be for whatever reason, including external pressure to help liquidity. If this happens, then the number of shares required to lock the float goes up accordingly. It's also important not only the how much but the when. Even if apes lock the float temporarily, institutions might transfer/sell to unlock it again hoping apes won't notice, or even at the start of the MOASS.
So, it might be a good idea to keep trying to DRS and buying from CS even if it seems the float was completely locked. It might not be entirely any more.
Les frais sont à l'émission du virement, pas à la réception, donc ce sont tes parents qui doivent s'équiper avec une banque spécialisée en transfert internationaux. Revolut fonctionne bien mais est très peu dispo hors UE (us, australie, singap), je pense qu'ils auront plus de chance avec wise.com.
Ensuite pour toi, n'importe quelle banque fait l'affaire mais vu que tu vas surement voyager souvent / faire des virement à l'étranger > Revolut
Il me semble qu'il te faut juste un numero de téléphone Français pour t'inscrire.
Pour une "vraie" banque, malheureusement tu devras te tourner vers les banques classiques (sg, bnp, credit mutuel credit agricole) car les banques en ligne nécessite que tu es déjà un compte bancaire existant en France
Wise.com. Cheap and best way to send money nowdays. I send a lot of money from US to Poland, because I am doing renovations, and I did extensive research on the best and cheapest way. Nothing beats wise.com.
For Money transfer, WISE has some of the best convertion rate + minimal costs. I use this personally for years now. Someone can send you USD and you can receive it in Euros (or any other currency). You can use the invite code below for a free transfer of up to 500 eur.
Si, WISE es un proveedor de servicios de transferencias y pagos por internet.
SPEI es el sistema de transferencias y pagos interbancarios usado en los bancos de México.
I recommended setting up a Wise account!
from another thread:
>eg. Since SARB clamped down on buying cryto from international exchanges with your bank card, I now have EURO & USD accounts with Wise so I can transfer fiat from ZA to Crypto.com or Binance in a matter of minutes! Most times the transfer from Wire to those services is done in under 15min. I've also setup my paypal account to point there which means I dont need to bring it into my FNB account.
You know, I might be assuming too much here. For those who don't know, Kinesis is a marriage between:
Yields. Kinesis offers yields on gold and silver. Based on transaction fees. No storage fees - you get paid instead. Not much right now - they're coming out of the startup phase and there are hiccups, and overall adoption is still low - but its online, the first yield has been paid, and the remaining yields are accruing and scheduled to come out this year.
The big problem is getting money in - it can require a wire transfer, or using wise.com, or similar.
Check it out. Here's my summary of it.
Western Union does have fees, and the fees are much higher than the fees for using Wise (https://wise.com). Wise will be cheaper than Western Union and also doing a wire transfer between bank accounts.
Why not consider opening a Wise Multi-currency Account instead? They provide you with an American routing number so that for your US clients, it would be as if they're paying a local contractor.
I have heard good things about Wise (formerly Transferwise)
Norbert's gambit might be all and well for a brokerage account, but may be a bit too clunky for a bank to bank transfer of a paycheque. A lot of manual steps.
Bei Wise zahlst du ca. 50-70 USD in Gebühren. Du kannst die gleiche Transaktion auch für ca. 3 USD an Gebühren ohne Wechselkurs-Markup durchführen:
Gesamtkosten also theoretisch 2.93 USD. Statt einer Auszahlung in EUR, kannst du die erhaltenen USD auch direkt in US-Aktien etc. investieren. Ob es dir den Aufwand wert ist, musst du selbst entscheiden.
For the financial part, you can set up a Wise account to transfer money back and forth. My daughters work in the UK and can get paid directly into that account and can transfer US funds directly to it as well. They give you a sort code and account number, just as any UK bank will.
Exciting times! Freelancing / consulting is great. Register as a sole trader on the ato site for free don’t use any services that offer to do it for you they just take your money. No great advantage to starting a company / pty ltd for you just yet - all it will do is require more of your time to manage the books and pay your accountant more.
Start a seperate bank account so it’s easy to keep track of income and deductions. If you’re being paid in Canadian dollars you’ll get slugged on exchange rates so try something like wise I really like them https://wise.com/au/business/
So Wise will actually give you US bank details and you can store money with them. However you can't get a debit card with Wise (not available in Canada ignore the other comment about that). So here's how I would do it:
Also just something to note, Wise isn't CDIC or FDIC insured, however that doesn't mean your money isn't protected. I would read this which goes over it:
Ah ok, thanks. Not familiar with them beyond it is frequently used for sending people money internationally. Tho it does look like that was very likely the cause of your cash advance.
They mention it as one of their FAQ. They say they use MCCs for a Wire or Money Order.
My colleagues all recommend Revolut, as you can also receive payments and have a balance in SEK.
I would recommend that as I have been using my dutch bank account, and that just stabs you a little bit in the back when receiving your salary, and when spending it.
For Bills, I would indeed also recommend wise.com, you can usually pay using your local currency and the fees tend to be OK.
Note that BESIDES the fees for your home countries card, you will be losing money due to currency rates, which will never been in your benefit. If you need to move savings I would recommend to look at setting up some notification on wise.com regarding currency rates, in this way I've been waiting to send my EURO's to SEK as it could end up being a 20000 SEK difference in my situation.
>online job c/o my aunt abroad (output-based salary). My aunt sends my salary to my parents' account because she said she can't add more accounts for remittance according to her bank (Wells Fargo).
Tell your aunt to use Wise.com (formerly called Transferwise) to transfer funds to your bank account. The lower fees is another reason to use them. I've been using them for years.
Are you moving permanently or temporarily? Are you a dual US-Canadian citizen or green card holder? Does your husband intend to obtain Canadian citizenship? These are all factors in how to arrange your financial affairs (dual citizen myself).
>our current portfolio is primarily with Vanguard in the US (and I understand they are not available in Canada)
Vanguard is here, but it's Vanguard Canada, a totally separate entity. Your Vanguard US accounts will be frozen if Vanguard discovers you've moved abroad. You can't even make a phone call to their toll-free number and there are no local numbers to call! Some folks have used VOIP calling with a VPN, but it doesn't always work. Vanguard Canada offers low fee ETFs, similar to their US offerings, and they provide PFIC statements for US tax reporting purposes.
Interactive Brokers (IB) will allow you to open an account in the US while holding tax residency in another country. More info here. All of your Vanguard US accounts and investments can be rolled over there. You can open an IB Canada account for your investment needs here and (I think) transfer dollars between the two.
Personally, I kept a small US bank account, using my brother's address, and US credit cards with no foreign transaction fees (hard to find here). I use wise.com (formerly TransferWise) to move and convert funds. For you, a cross-border bank might work better; look closely at the fees charged and exchange rates offered.
Your US credit histories won't move with you, so plan on renting for awhile. Your husband will need to establish a Canadian credit history. Any big bank will offer a "newcomer package" of banking services, including a low-limit credit card. It's a start. If he has an AMEX card, he can use it to open a Canadian account, using the Global Transfer program.
Definitely want to find a cross-border accountant ASAP.
Quick note to say that I usually use an online service to transfer money between my EUR and GBP bank accounts (I'm originally from Europe) called TransferWise which works out much cheaper than a regular international bank transfer, and I'm fairly certain they do a bank card that is geared towards people wanting to use it for multiple currencies. It may be worth looking into that.
No problem :) - good to get some interaction- even if we have gone on a bit of a tangent.
Funding tastyworks through currencyfair, there is a $20 fee per transfer but it was much cheaper than the alternative directly with my bank. I had read than questtrade accepts free transfers from Transferwise (Wise.com) so that would be another plus to Canadian ETF’s
Considred the currency risk at bit, did some reading and didn’t fully understand but basically figure that even with Euro ETF ps there is still some currency risk as many of the companies involved are US companies which trade in US dollars.
That said I only intend to hold some of my investments in US ETF’s.
US ETF’s aren’t allowed accumulate so all pay a dividend unfortunately, Canadian ones seem to be same from what I can find.
Hope some of that helps... Have you a pension? As boring as it seems from my research it seems the best way to invest in Ireland
An dein Transferwise USD Konto schicken und dann dort umtauschen, der Kurs ist anständig.
Brauchst aber dafür einen zweiten PayPal Account in USD, ich weiß nicht ob man den noch so ohne weiteres eröffnen kann, hab meinen schon seit über 15 Jahren.
a (Transfer)Wise tozsdere keszul, a londoni stock exchange-en direct listing-en keresztul (amikor a retail befektetok is mar az elso napon tudnak venni reszvenyt). Akcio kereteben 100.000 kisbefektetonek adnak 5% reszveny visszateritest ha egy evig tartjak a reszvenyeket. Erre ilyen “klubot” is letrehoztak OwnWise neven. Regebbi ugyfelek kapnak emailt errol ahol lehet jelezni a befektetesi szandekot illetve reszvetelt a programban. Reszletek itt:
Another option if available to them, is to create a Wise multi-currency account and get their debit card.
They can then transfer money to their NZ account within Wise and spend and withdraw cash with the debit card.