Jump to content
AmandaJo

International Money Transfers Fees so expensive

13 posts in this topic

Recommended Posts

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? 

Share this post


Link to post
Share on other sites
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...


                               :idea:MSC (National Benefits Center) I-751 filers- Please add your data :idea:                          https://docs.google.com/spreadsheets/d/1Id1duRRByZHJmhEzl9N25GqwzcnUyLCR4e4N9W6zGLg/edit#gid=0

 

Retired 20 year US Air Force Missileer (Retired E-8)

Retired Registered Nurse with practice in Labor/Delivery, Home Health, Adolescent Psych, Adult Psych

Retired IT Professional, Software Developer, Database Manager

 

Immigration Journey:

  • Texas Service Center after transfer from Nebraska
  • Consulate :Taipei, Taiwan
  • Marriage: 7/30/2015
  • I-130 NOA1 : 4/27/2016
  • I-130 Approved :9/8/2016
  • Case received at NVC: 10/11/2016                               
  • Case # and IIN#: 10/24/2016
  • AOS Fee Invoiced:10/24/2016  
  • AOS Fee Paid:10/25/2016
  • IV Fee Invoiced:10/24/2016  
  • IV Fee Paid:10/25/2016
  • DS-260 Completed: 10/28/16
  • Scan Date:11/9/2016
  • Supervisor review: 12/21/16 
  • Checklist: 1/13/17 
  • Case Complete: 4/10/17
  • Interview Date: 5/8/17 
  • Visa  "ISSUED": 5/10/17
  • Visa and Passport in hand/Flight to USA Booked!!!: 5/12/17  
  • POE Dallas DFW on June 22, 2017
  • SS Card received : 7/3/2017
  • 2-year Green Card received in mail: 7/15/17
  • I751 mailed to Dallas PO Box: 3/28/2019
  • I-797 extension letter  for ROC dated 4/2/2019  MSCxxxxxxxxxx received: 4/6/2019
  • Biometrics apt received for 4/25/2019: on 4/12/2019
 

Share this post


Link to post
Share on other sites
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. 

Share this post


Link to post
Share on other sites
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? 

Share this post


Link to post
Share on other sites
Posted (edited)
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

Share this post


Link to post
Share on other sites
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.


                               :idea:MSC (National Benefits Center) I-751 filers- Please add your data :idea:                          https://docs.google.com/spreadsheets/d/1Id1duRRByZHJmhEzl9N25GqwzcnUyLCR4e4N9W6zGLg/edit#gid=0

 

Retired 20 year US Air Force Missileer (Retired E-8)

Retired Registered Nurse with practice in Labor/Delivery, Home Health, Adolescent Psych, Adult Psych

Retired IT Professional, Software Developer, Database Manager

 

Immigration Journey:

  • Texas Service Center after transfer from Nebraska
  • Consulate :Taipei, Taiwan
  • Marriage: 7/30/2015
  • I-130 NOA1 : 4/27/2016
  • I-130 Approved :9/8/2016
  • Case received at NVC: 10/11/2016                               
  • Case # and IIN#: 10/24/2016
  • AOS Fee Invoiced:10/24/2016  
  • AOS Fee Paid:10/25/2016
  • IV Fee Invoiced:10/24/2016  
  • IV Fee Paid:10/25/2016
  • DS-260 Completed: 10/28/16
  • Scan Date:11/9/2016
  • Supervisor review: 12/21/16 
  • Checklist: 1/13/17 
  • Case Complete: 4/10/17
  • Interview Date: 5/8/17 
  • Visa  "ISSUED": 5/10/17
  • Visa and Passport in hand/Flight to USA Booked!!!: 5/12/17  
  • POE Dallas DFW on June 22, 2017
  • SS Card received : 7/3/2017
  • 2-year Green Card received in mail: 7/15/17
  • I751 mailed to Dallas PO Box: 3/28/2019
  • I-797 extension letter  for ROC dated 4/2/2019  MSCxxxxxxxxxx received: 4/6/2019
  • Biometrics apt received for 4/25/2019: on 4/12/2019
 

Share this post


Link to post
Share on other sites
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$. 

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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. 

Share this post


Link to post
Share on other sites

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 [149 days]

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

03/26/2019    Interview [244 days] approved!

04/01/2019    Visa issued

04/02/2019    Visa received in mail

04/06/2019    POE

05/04/2019    Wedding

 

 

Adjustment Of Status

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

 

event.png

 

Share this post


Link to post
Share on other sites
 

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
- 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...