Limit of wiring a money outside the US ?

[John&Juvy 36]

Just wondering if any of you here know that limit of transferring a money outside the US ? We kmow that both Xoom and Western Union is $3000. W are atleast need to wire a $12,000.00. We dont have a problem sending it on split... but the problem and a quistion is if we going to have a problem in Homeland or Custom about this ?

Hope someone can help, Thank you in advance !

[Hank_ 9,174]

Just wondering if any of you here know that limit of transferring a money outside the US ? We kmow that both Xoom and Western Union is $3000. W are atleast need to wire a $12,000.00. We dont have a problem sending it on split... but the problem and a quistion is if we going to have a problem in Homeland or Custom about this ?

Hope someone can help, Thank you in advance !

I did a google and didn't find any restrictions. Doing a bank transfer, if the amount exceeds $10,000 the bank will send info to the Treasury Dept., but that isn't a restrictions. Money laundering is the issue with the government. I didn't read anything that states legitimate money transfers of amounts over $10,000 are illegal.

Read this: ICE

[John&Juvy 36]

Hank thanks to the ICE link... Atleast we know now that we cant just send that kind of money in the Philippines without a problem.

[aaron2020 11,651]

There is no limit to how much you can send.

The money transferring agent/bank must report transfers totaling $3000 in a month (30 days) to the US government as a precaution against money laundering. This came from my money transferring agent to Vietnam.

[Hank_ 9,174]

Is the problem Philippines specific? I didn't read anything that restricted sending amounts over $10,000?

[aaron2020 11,651]

http://www.ehow.com/list_6717921_international-wire-transfer-regulations.html#page=1

[John&Juvy 36]

http://www.ehow.com/list_6717921_international-wire-transfer-regulations.html#page=1

Thanks aaron.

[Hank_ 9,174]

http://www.ehow.com/list_6717921_international-wire-transfer-regulations.html#page=1

Yup! I have the "SWIFT numbers" for my wife's bank account in the Phils.

Is there a restriction in the Phils on amounts?

[jean♥bill 2]

We ran into this difficulting when trying to purchase property several years ago. What worked for us was for me to transfer a portion of the funds to two of my family members here in US. We also had two different bank accounts for different family members in PI. Transfers (through Xoom) went through, funds were consolidated and property was purchased. Just another option to consider and I'm sure there are more. Good Luck.

[April-n-Gary 17]

I just sent almost $15,000, did it in two transactions 5K and 10K, not for any restrictions, just worked out that way. Used PNB since they have a couple of remitance centers here in Hawaii. Just needed the account number and the swift code. Had to fill out an additional form since the amount was large with the source of the money and what it's being used for. Just general reasons in check boxes. don't think it would be a problem if the large transfer is only once in awhile and that you can explain reasons for the transfer, and show how you obtained the funds.

Jean/Bill, IMHO, if I was looking for money laundering? The way you sent the money would be what I'd be looking for