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AmandaJo

International Money Transfers Fees so expensive

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AmandaJo Newbie

AmandaJo   0

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Filed: Other Country: Thailand
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Hello everybody!

 

I'm not happy with the money transfer fees. So, I'm trying to find a cheaper way to send money. I was thinking to send in Bitcoin. I know there are some people already using Bitcoin and they're OK with that. Do you send Bitcoin to your family or related? 

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Crazy Cat Grand Master

Crazy Cat   39,193

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10 minutes ago, AmandaJo said:

Hello everybody!

 

I'm not happy with the money transfer fees. So, I'm trying to find a cheaper way to send money. I was thinking to send in Bitcoin. I know there are some people already using Bitcoin and they're OK with that. Do you send Bitcoin to your family or related? 

Bitcoin transfer and exchange fees are high, too...

"The US immigration process requires a great deal of knowledge, planning, time, patience, and a significant amount of money.  It is quite a journey!"

- Some old child of the 50's & 60's on his laptop 

 

Senior Master Sergeant, US Air Force- Retired (after 20+ years)- Missile Systems Maintenance & Titan 2 ICBM Launch Crew Duty (200+ Alert tours)

Registered Nurse- Retired- I practiced in the areas of Labor & Delivery, Home Health, Adolescent Psych, & Adult Psych.

IT Professional- Retired- Web Site Design, Hardware Maintenance, Compound Pharmacy Software Trainer, On-site go live support, Database Manager, App Designer.

______________________________________

August 7, 2022: Wife filed N-400 Online under 5 year rule.

November 10, 2022: Received "Interview is scheduled" letter.

December 12, 2022:  Received email from Dallas office informing me (spouse) to be there for combo interview.

December 14, 2022: Combo Interview for I-751 and N-400 Conducted.

January 26, 2023: Wife's Oath Ceremony completed at the Plano Event Center, Plano, Texas!!!😁

February 6, 2023: Wife's Passport Application submitted in Dallas, Texas.

March 21, 2023:   Wife's Passport Delivered!!!!

May 15, 2023 (about):  Naturalization Certificate returned from Passport agency!!

 

In summary, it took 13 months for approval of the CR-1.  It took 44 months for approval of the I-751.  It took 4 months for approval of the N-400.   It took 172 days from N-400 application to Oath Ceremony.   It took 6 weeks for Passport, then 7 additional weeks for return of wife's Naturalization Certificate.. 
 

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Cyberfx1024 Grand Master

Cyberfx1024   7,978

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26 minutes ago, AmandaJo said:

No, my friends send Bitcoin without paying any fees. But I don't know about exchange fees.

The exchange fees and not to mention the fees that a broker charges you to buy/sell bitcoin. 

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AmandaJo Newbie

AmandaJo   0

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3 minutes ago, Cyberfx1024 said:

The exchange fees and not to mention the fees that a broker charges you to buy/sell bitcoin. 

 

If I send USD to Thailand. there are exchange fees to because my family needs to exchange it to use. Also, money services like WU and moneygram charges you up to 10-15% fees and costs. So are you OK with that? 

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Cyberfx1024 Grand Master

Cyberfx1024   7,978

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4 minutes ago, AmandaJo said:

 

If I send USD to Thailand. there are exchange fees to because my family needs to exchange it to use. Also, money services like WU and moneygram charges you up to 10-15% fees and costs. So are you OK with that? 

I am not ok with it but I do it regardless when we send money back to the Philippines. You can use different services to send money like Xoom, WU, they charge a fee of $5.00 on the whole transaction. I have never heard of WU or MG charging a 10-15% fee on the transaction, I know WU used to be bad when trying to send money online but not that bad.

 

So if I send $200 there is a $5.99 charge on that. 

Edited by Cyberfx1024
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Crazy Cat Grand Master

Crazy Cat   39,193

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Filed: Citizen (apr) Country: Taiwan
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3 minutes ago, AmandaJo said:

 

If I send USD to Thailand. there are exchange fees to because my family needs to exchange it to use. Also, money services like WU and moneygram charges you up to 10-15% fees and costs. So are you OK with that? 

Bank wire would be less expensive.

"The US immigration process requires a great deal of knowledge, planning, time, patience, and a significant amount of money.  It is quite a journey!"

- Some old child of the 50's & 60's on his laptop 

 

Senior Master Sergeant, US Air Force- Retired (after 20+ years)- Missile Systems Maintenance & Titan 2 ICBM Launch Crew Duty (200+ Alert tours)

Registered Nurse- Retired- I practiced in the areas of Labor & Delivery, Home Health, Adolescent Psych, & Adult Psych.

IT Professional- Retired- Web Site Design, Hardware Maintenance, Compound Pharmacy Software Trainer, On-site go live support, Database Manager, App Designer.

______________________________________

August 7, 2022: Wife filed N-400 Online under 5 year rule.

November 10, 2022: Received "Interview is scheduled" letter.

December 12, 2022:  Received email from Dallas office informing me (spouse) to be there for combo interview.

December 14, 2022: Combo Interview for I-751 and N-400 Conducted.

January 26, 2023: Wife's Oath Ceremony completed at the Plano Event Center, Plano, Texas!!!😁

February 6, 2023: Wife's Passport Application submitted in Dallas, Texas.

March 21, 2023:   Wife's Passport Delivered!!!!

May 15, 2023 (about):  Naturalization Certificate returned from Passport agency!!

 

In summary, it took 13 months for approval of the CR-1.  It took 44 months for approval of the I-751.  It took 4 months for approval of the N-400.   It took 172 days from N-400 application to Oath Ceremony.   It took 6 weeks for Passport, then 7 additional weeks for return of wife's Naturalization Certificate.. 
 

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AmandaJo Newbie

AmandaJo   0

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2 minutes ago, Cyberfx1024 said:

I am not ok with it but I do it regardless when we send money back to the Philippines. You can use different services to send money like Xoom, WU, they charge a fee of $5.00 on the whole transaction. I have never heard of WU or MG charging a 10-15% fee on the transaction, I know WU used to be bad when trying to send money online but not that bad.

Here's the World Bank's Remittance Data between US to Thailand. 
https://remittanceprices.worldbank.org/en/corridor/United-States/Thailand 

 

Those money services doesn't charge 5$. 

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Cyberfx1024 Grand Master

Cyberfx1024   7,978

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2 minutes ago, AmandaJo said:

Here's the World Bank's Remittance Data between US to Thailand. 
https://remittanceprices.worldbank.org/en/corridor/United-States/Thailand 

 

Those money services doesn't charge 5$. 

I just checked on Xoom and they are offering this right now for the exchange rate 1 USD = 29.3508 THB*. Also the fees are below for sending $100:

 

Paying with Fee in USD
Bank account 4.99
Debit card 5.99
Credit card† 5.99
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AmandaJo Newbie

AmandaJo   0

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5 minutes ago, Cyberfx1024 said:

I just checked on Xoom and they are offering this right now for the exchange rate 1 USD = 29.3508 THB*. Also the fees are below for sending $100:

 

Paying with Fee in USD
Bank account 4.99
Debit card 5.99
Credit card† 5.99

It's about 9% in total(echange rates + fees). Still high for small amounts. Also, I will send in cash.

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Cyberfx1024 Grand Master

Cyberfx1024   7,978

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1 minute ago, AmandaJo said:

It's about 9% in total(echange rates + fees). Still high for small amounts. Also, I will send in cash.

Then if you send cash like that then the only two companies I know that do that are MG and WU. So a bank transfer would be cheaper. 

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Ethan & Shannon Collaborator

Ethan & Shannon   385

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Filed: AOS (apr) Country: Australia
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I use Transferwise, just an alternative option I've had success with.

K1 Visa Timeline [Approved]

Spoiler

07/23/2018    I-129F sent

07/25/2018    NOA1 email notification

07/30/2018    NOA1 hard copy

12/21/2018    NOA2 hard copy

01/10/2019    NVC Case # assigned

01/22/2019    Left NVC

01/29/2019    Embassy received

01/29/2019    Pkt 3 sent

02/01/2019    Pkt 4 received

02/13/2019    Medical

03/00/2019    Interview approved!

04/01/2019    Visa issued

04/02/2019    Visa received in mail

04/06/2019    POE

05/04/2019    Wedding

 

 

Adjustment Of Status Timeline [Approved]

Spoiler

 

05/31/2019    I-485, I-131 and I-765 sent

06/10/2019    NOA1 (electronic) & check cashed

06/11/2019    NOA1 hard copies

07/05/2019    Biometrics walk-in

09/30/2019    Interview scheduled (electronic notification)

10/23/2019    EAD/AP approved

11/00/2019    AOS Interview approved!

11/08/2019    Green card is being produced

11/16/2019    Green card in hand

 

 

 

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  • 3 months later...
OriZ Mentor

OriZ   3,157

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Filed: IR-1/CR-1 Visa Country: Israel
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There are also cheaper cryptos than bitcoin, not to mention faster. 

09/14/2012: Sent I-130
10/04/2012: NOA1 Received
12/11/2012: NOA2 Received
12/18/2012: NVC Received Case
01/08/2013: Received Case Number/IIN; DS-3032/I-864 Bill
01/08/2013: DS-3032 Sent
01/18/2013: DS-3032 Accepted; Received IV Bill
01/23/2013: Paid I-864 Bill; Paid IV Bill
02/05/2013: IV Package Sent
02/18/2013: AOS Package Sent
03/22/2013: Case complete
05/06/2013: Interview Scheduled

06/05/2013: Visa issued!

06/28/2013: VISA RECEIVED

07/09/2013: POE - EWR. Went super fast and easy. 5 minutes of waiting and then just a signature and finger print.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

05/06/2016: One month late - overnighted form N-400.

06/01/2016: Original Biometrics appointment, had to reschedule due to being away.

07/01/2016: Biometrics Completed.

08/17/2016: Interview scheduled & approved.

09/16/2016: Scheduled oath ceremony.

09/16/2016: THE END - 4 year long process all done!

 

 

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debbiedoo Experienced

debbiedoo   2,339

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Filed: AOS (apr) Country: Canada
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we used (still do) transferwise

i 485, 130, EAD and AP

04/09/2019    NOA1 received/check cashed i 485 and 130 (direct adjustment)

11/7/2019      Interview- Norfolk

11/10/2019    APPROVED (notification rec'd 11/10, approval dated 11/8)

DONE FOR TWO YEARS!!! ;)

 

Filed everything ourselves with no RFE's or delays.

 

CR1 for Child under 21 (20 at time of filing)- Filed by LPR Spouse for his son

4/4/20     Mailed packet

4/12/20   NOA1 rec'd

10/14/21 (havent heard anything... when do i start to get worried?)

9/15/22 APPROVED! Now to wait for NVC and interview....

 

ROC

10/14/21 Mailed to AZ PO Box. Let the waiting begin. Again.

10/16/21 Received at PO Box

10/19/21 Received Text NOA1

10/23/21 Received Mailed NOA1

 

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