How did your beneficiary transfer money to the US?

[tcTTct 37]

How did your beneficiary transfer money to the US before she/he came over to the USA after K1 approval?

Did she/he transfer money into your bank account?

Was he/she able to open a US account?

Were you able to add his/her name to your bank account?

Will the IRS have issues?

[VanessaTony 3,567]

I'm the beneficiary. I used paypal.

Opened a bank accounts at Wells Fargo and transferred it there.

Yes. Most banks are fine with a passport. Some require a SSN but a K1 can get a SSN 2 weeks after entry.

Yes. No problem.

No. It's not "income" it's money she already had.

[Moomin 292]

The beneficiary can carry it over at the POE if it's less than 10.000 dollars.

I personally kept my foreign credit card and used it - no fees unless I used it in at ATM. Other times I've transferred an amount to my husband through paypal. I kept my foreign bank account open still, and use the money in there when the dollar is less worth

I was told on one of my visits that I could open a bank account at the same place my then-fiance had one. When arriving on the K1, It's a matter of just calling or emailing the different banks and waiting for their response. Some only require to see passport(ID), others SSN.

[tcTTct 37]

The problem is that it's much more than $10k and she has to send it all before she leaves her country.

[MaggieT 4]

The problem is that it's much more than $10k and she has to send it all before she leaves her country.

If it's much more then $10K it is not a problem

Like others said before - call your bank - banks are very happy when people deposit money

[extrarius 1]

We just carried all of her funds, in excess of $20,000. And as MaggieT said it's not a problem, you do have to declare it and you will have to file an additional form at the airport but it's no big deal. We deposited the funds in a joint account that same day.

Edited February 25, 2012 by extrarius

[Scafidi454 22]

My fiance already has an account here in the US from when she was here on exchange. We transfer money to and from it all of the time.

We just carried all of her funds, in excess of $20,000. And as MaggieT said it's not a problem, you do have to declare it and you will have to file an additional form at the airport but it's no big deal. We deposited the funds in a joint account that same day.

Don't you have to pay duty fees if you declare it?

[Darnell 8,478]

The problem is that it's much more than $10k and she has to send it all before she leaves her country.

then set up a wire transfer / TT . Easy Peasie.

not count as INCOME, which is a good thing.

Don't you have to pay duty fees if you declare it?

No.

[Rufus2012 175]

My fiance already has an account here in the US from when she was here on exchange. We transfer money to and from it all of the time.

Don't you have to pay duty fees if you declare it?

Not on cash.