Jump to content
Sign in to follow this  
John24689

Bringing money to US from selling Russian Apartment

21 posts in this topic

Recommended Posts

My wife is selling her apartment in Russia. How does she get the money back to the US? If you bring it on the plane, you have to fill out the customs form since it is over $10,000. If she does, what happens? Taxed, fee assessed ??

Only 1/3 of it is hers. 2/3's is her son's and daughter's.

Can she wire it to the US through a bank?

Please help. Thanks.


Russian Fiancee - Moscow Embassy

1/27/06 Mailed I-129F to TSC and forwarded to CSC for K-1 & K-2 Visa

2/1/06 CSC received I-129F

2/7/06 Received NOA1 TSC

4/14/06 I-129F Approved

4/25/06 Received NOA2 TSC

5/12/06 Received at NVC

5/18/06 Mailed to US Embassy, Moscow

8/9/06 Physical Exams for K-1 & K-2

8/11/06 Interview Scheduled

8/11/06 VISA APPROVED

8/17/06 Visa Received

9/12/06 Flight from SVO

12/09/06 MARRIED

2/16/07 Mailed AOS, EAD, and AP

3/15/07 Biometrics scheduled (Had to Re-schedule)

3/22/07 Biometrics completed for K-1 & K-2

4/11/07 Received phone call from USCIS, Interview Scheduled, FBI check completed

4/16/07 AOS Interview, passed pending I-693A

4/16/07 Civil Surgeon completed I-693A, I-693A submitted to USCIS office

4/18/07 Notice mailed welcoming New Permanent Resident

4/19/07 Card production ordered for K-1 & K-2

4/25/07 2 Year Green Card Received dated 4/17/07

1/21/09 Mailed I-751 to VSC for K-1 & K-2

1/24/09 VSC Received I-751

1/31/09 I-797C, Notice of Action Received for Wife

2/20/09 Biometrics Letter Received for Wife, Appt 3/2/09 Completed

2/20/09 I-797C, Notice of Action Received for Step-daughter

2/24/09 Biometrics Letter Received for Step-daughter Appt 3/10/09 Completed

3/2/09 Mailed Wife's Passport to Houston for Renewal - Received 6/5/09

9/15/09 Interview at New Orleans Field Office

1/19/10 Eligible to file N-400 for Citizenship

Share this post


Link to post
Share on other sites
Filed: AOS (apr) Country: Russia
Timeline
My wife is selling her apartment in Russia. How does she get the money back to the US? If you bring it on the plane, you have to fill out the customs form since it is over $10,000. If she does, what happens? Taxed, fee assessed ??

Only 1/3 of it is hers. 2/3's is her son's and daughter's.

Can she wire it to the US through a bank?

Please help. Thanks.

Send it to my address and I'll hold it until she gets here.....

Seriously, if you can do an international money order I would do that. Or like the last posted said pay pal. If you do decide to claim it (which I think legally you should) make sure she's not carrying lumps sums of cash on her, if for some reason she is stopped anywhere carrying that kind of money (not that she is doing anything wrong) she will probably be asked why she is carrying so much money on her person and possibly be delayed.


K-1,VSC, Moscow Consulate

I-129F sent:2009-06-04

NOA1: 2009-06-09

NOA2: 2009-09-16

NVC Received: 2009-09-17

NVC Left: 2009-09-22

Consulate Received: 2009-09-25

Medical: IOM, Moscow, 2009-12-07

Interview: 2009-12-08

Visa Received: 2009-12-14

Arrival to USA: 2010-01-15

Marriage: 2010-03-27

AOS, EAD, AP

CIS Office: Charleston, SC

Filed AOS Package: 2010-05-26

NOA: 2010-06-04

Bio Appt: 2010-07-09

AOS Transfer to CSC: 2010-06-30

EAD Card Production Order: 2010-08-04

AP Received: 2010-08-09

ROC

I-751 sent: 2012-7-11

NOA-1: 2012-8-1

Bio-Appointment: 2012-9-19

Share this post


Link to post
Share on other sites

I talked to her earlier and she was going to get an American Express Traveler's Check and declare it on the custom's form. I checked PayPal, but they did not list Rubles. Thanks for the suggestion. I hope she will not have any problems. I was just scared that there may be some kind of "penalty" for either leaving Russia or entering the US.

I will keep my fingers crossed that there will not be any problems. I can't wait until she returns. She will be back Wednesday night around midnight and she will have been gone 33 days. It seems like an eternity without her.

Chris_Жанна, send my your address and you can be assured the check will be in the mail. :rolleyes:


Russian Fiancee - Moscow Embassy

1/27/06 Mailed I-129F to TSC and forwarded to CSC for K-1 & K-2 Visa

2/1/06 CSC received I-129F

2/7/06 Received NOA1 TSC

4/14/06 I-129F Approved

4/25/06 Received NOA2 TSC

5/12/06 Received at NVC

5/18/06 Mailed to US Embassy, Moscow

8/9/06 Physical Exams for K-1 & K-2

8/11/06 Interview Scheduled

8/11/06 VISA APPROVED

8/17/06 Visa Received

9/12/06 Flight from SVO

12/09/06 MARRIED

2/16/07 Mailed AOS, EAD, and AP

3/15/07 Biometrics scheduled (Had to Re-schedule)

3/22/07 Biometrics completed for K-1 & K-2

4/11/07 Received phone call from USCIS, Interview Scheduled, FBI check completed

4/16/07 AOS Interview, passed pending I-693A

4/16/07 Civil Surgeon completed I-693A, I-693A submitted to USCIS office

4/18/07 Notice mailed welcoming New Permanent Resident

4/19/07 Card production ordered for K-1 & K-2

4/25/07 2 Year Green Card Received dated 4/17/07

1/21/09 Mailed I-751 to VSC for K-1 & K-2

1/24/09 VSC Received I-751

1/31/09 I-797C, Notice of Action Received for Wife

2/20/09 Biometrics Letter Received for Wife, Appt 3/2/09 Completed

2/20/09 I-797C, Notice of Action Received for Step-daughter

2/24/09 Biometrics Letter Received for Step-daughter Appt 3/10/09 Completed

3/2/09 Mailed Wife's Passport to Houston for Renewal - Received 6/5/09

9/15/09 Interview at New Orleans Field Office

1/19/10 Eligible to file N-400 for Citizenship

Share this post


Link to post
Share on other sites

Have her go to an American bank in one of the larger Russian cities. Deposit the cash (in Rubles) and then make a withdrawal (in dollars) once she gets back here. Or, if you already have an account in a larger bank, just put it in your account.

If you don't have an account at one of the larger banks in Russia, get one! Or, have them do an electronic funds transfer to your American bank. It's going to cost you a pretty penny, but there are no security risks and you'll probably cover it based on the current exchange rate.

In all seriousness, since the dollar is going down the crapper, she may want to just keep it in Rubles and keep it in Russia. Or buy some gold!


Русский форум член.

Ensure your beneficiary makes and brings with them to the States a copy of the DS-3025 (vaccination form)

If the government is going to force me to exercise my "right" to health care, then they better start requiring people to exercise their Right to Bear Arms. - "Where's my public option rifle?"

Share this post


Link to post
Share on other sites
Filed: K-1 Visa Country: Russia
Timeline

I know that Citi-bank has branches in Moscow and St. Petersburg. She can deposit it there and then access it here. Also, some Russian banks have very good CD's. Last year you could get over 13% in rubles on a 1-year CD or 10.5% in dollars. It's gone down somewhat, but it is still 8%+.

Share this post


Link to post
Share on other sites
Seriously, if you can do an international money order I would do that.

The requirement to claim amounts over $10,000, is not for cash only. Any financial instruments totalling over that amount (including a money order) must be claimed.

Edited by john_and_marlene

05/16/2005 I-129F Sent

05/28/2005 I-129F NOA1

06/21/2005 I-129F NOA2

07/18/2005 Consulate Received package from NVC

11/09/2005 Medical

11/16/2005 Interview APPROVED

12/05/2005 Visa received

12/07/2005 POE Minneapolis

12/17/2005 Wedding

12/20/2005 Applied for SSN

01/14/2005 SSN received in the mail

02/03/2006 AOS sent (Did not apply for EAD or AP)

02/09/2006 NOA

02/16/2006 Case status Online

05/01/2006 Biometrics Appt.

07/12/2006 AOS Interview APPROVED

07/24/2006 GC arrived

05/02/2007 Driver's License - Passed Road Test!

05/27/2008 Lifting of Conditions sent (TSC > VSC)

06/03/2008 Check Cleared

07/08/2008 INFOPASS (I-551 stamp)

07/08/2008 Driver's License renewed

04/20/2009 Lifting of Conditions approved

04/28/2009 Card received in the mail

Share this post


Link to post
Share on other sites

The safest way is by bank transfer and generally one fee covers up to very large amounts. But before you do that you need to know if Russia is going to tax her to remove it from the country. As to America, if she sold it at a gain then she may have to pay US taxes on the profit. However, you might be able to claim an exclusion for sale of a personal residence. Get professional advice.

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Russia
Timeline
I know that Citi-bank has branches in Moscow and St. Petersburg. She can deposit it there and then access it here. Also, some Russian banks have very good CD's. Last year you could get over 13% in rubles on a 1-year CD or 10.5% in dollars. It's gone down somewhat, but it is still 8%+.

Things must have changed because a few years ago I checked with CitiBank and learned that the Russian CitiBank would not allow me to access the money through the US CitiBank. They were acting as separate entities.


If at first you don't succeed, then sky diving is not for you.

Someone stole my dictionary. Now I am at a loss for words.

If Apple made a car, would it have windows?

Ban shredded cheese. Make America Grate Again .

Give a man a fish and he will eat for a day.  Deport him and you never have to feed him again.

I started out with nothing, and I still have most of it.

I went bald but I kept my comb.  I just couldn't part with it.

My name is not Richard Edward but my friends still call me DickEd

If your pet has a bladder infection, urine trouble.

"Watch out where the huskies go, and don't you eat that yellow snow."

I fired myself from cleaning the house. I didn't like my attitude and I got caught drinking on the job.

My kid has A.D.D... and a couple of F's

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Ukraine
Timeline
I know that Citi-bank has branches in Moscow and St. Petersburg. She can deposit it there and then access it here. Also, some Russian banks have very good CD's. Last year you could get over 13% in rubles on a 1-year CD or 10.5% in dollars. It's gone down somewhat, but it is still 8%+.

Things must have changed because a few years ago I checked with CitiBank and learned that the Russian CitiBank would not allow me to access the money through the US CitiBank. They were acting as separate entities.

I've wired money to banks in Ukraine from Bank of America here in the states with no problem, so I would assume you can go the other direction too. I think it was $50 flat fee for any amount. You might want to think about sending a small amount first to make sure it works.


Wife's visa journey:

03/19/07: Initial mailing of I-129F.

07/07/11: U.S. Citizenship approved and Oath Ceremony!

MIL's visa journey:

07/26/11: Initial mailing of I-130.

05/22/12: Interview passed!

Share this post


Link to post
Share on other sites
Filed: Country: Russia
Timeline
I know that Citi-bank has branches in Moscow and St. Petersburg. She can deposit it there and then access it here. Also, some Russian banks have very good CD's. Last year you could get over 13% in rubles on a 1-year CD or 10.5% in dollars. It's gone down somewhat, but it is still 8%+.

Things must have changed because a few years ago I checked with CitiBank and learned that the Russian CitiBank would not allow me to access the money through the US CitiBank. They were acting as separate entities.

you are absolutely correct. There is no American banks in Russia.

Russia laws prohibit having foreign banks branches on Russian territories. It is one of the obstacles on the way to join WTO.

CitiBank in Russia may have the same name, but it is a Russian organization, a separate independent entity from CitiBank USA.

Share this post


Link to post
Share on other sites
Filed: Timeline

I have transferred money from Bank of America to my SO in Russia. It cost me $35.00 flat fee. No minimum or maximum. You can set it up online as long as you have all the proper information.

Share this post


Link to post
Share on other sites

I want to thank everyone for the information. I talked to my wife earlier and she decided to bring $10,000 cash and an American Express check. She will claim it on the customs form. She said this is what her sister did about four years ago and did not have any problems. I regret I did not find out about the sale until the last minute. She sold it Monday afternoon.

The apartment had been vacant for about 5 months with no prospects of renting it or selling it. She was there for 3 1/2 weeks before she sold it. I think her bing there had something to do with it.

Now to pray that there will not be any problems. I out tomorrow night around 11:30 PM when her plane is scheduled to arrive.

Thanks again and have a great evening.


Russian Fiancee - Moscow Embassy

1/27/06 Mailed I-129F to TSC and forwarded to CSC for K-1 & K-2 Visa

2/1/06 CSC received I-129F

2/7/06 Received NOA1 TSC

4/14/06 I-129F Approved

4/25/06 Received NOA2 TSC

5/12/06 Received at NVC

5/18/06 Mailed to US Embassy, Moscow

8/9/06 Physical Exams for K-1 & K-2

8/11/06 Interview Scheduled

8/11/06 VISA APPROVED

8/17/06 Visa Received

9/12/06 Flight from SVO

12/09/06 MARRIED

2/16/07 Mailed AOS, EAD, and AP

3/15/07 Biometrics scheduled (Had to Re-schedule)

3/22/07 Biometrics completed for K-1 & K-2

4/11/07 Received phone call from USCIS, Interview Scheduled, FBI check completed

4/16/07 AOS Interview, passed pending I-693A

4/16/07 Civil Surgeon completed I-693A, I-693A submitted to USCIS office

4/18/07 Notice mailed welcoming New Permanent Resident

4/19/07 Card production ordered for K-1 & K-2

4/25/07 2 Year Green Card Received dated 4/17/07

1/21/09 Mailed I-751 to VSC for K-1 & K-2

1/24/09 VSC Received I-751

1/31/09 I-797C, Notice of Action Received for Wife

2/20/09 Biometrics Letter Received for Wife, Appt 3/2/09 Completed

2/20/09 I-797C, Notice of Action Received for Step-daughter

2/24/09 Biometrics Letter Received for Step-daughter Appt 3/10/09 Completed

3/2/09 Mailed Wife's Passport to Houston for Renewal - Received 6/5/09

9/15/09 Interview at New Orleans Field Office

1/19/10 Eligible to file N-400 for Citizenship

Share this post


Link to post
Share on other sites
Filed: IR-1/CR-1 Visa Country: Russia
Timeline

I would worry more about Russian customs, not American. They will require a document about legality of the money over $10k (Amex checks included). I'd rather wire the money, it's very easy to do.

Edited by Master5

Share this post


Link to post
Share on other sites
 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...