Large Money Transfer

Discussion in 'Payment Processing' started by percyjacksons, Mar 17, 2011.

  1. #1
    Hi guys, I live in Goa India and im planning of settling down in Oregon US. So, I wanna transfer my bank to the United States. So, i would like to know if there is a safe way to transfer large amounts of money like INR +1 Crore(Rs.10 million):eek: to the united states. Should i opt for paypal?:confused: coz only paypal is available in India for transfering money abroad and there are no fees for bank transfer, so i thought transferring large amounts won't be a problem...:)
    Im a noob in business stuff, so a little help will be greatly appreciated
    Thanks guys in advance :D

    Kiran Fernandes
     
    percyjacksons, Mar 17, 2011 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    Go for bank wire for this IMO.

    DON.
     
    deluxdon, Mar 17, 2011 IP
  3. jackburd

    jackburd Active Member

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    #3
    just put it in the suitcase. :)

    maybe you can ask the bank guys in the US? or find a bank in US that is also available in India
     
    jackburd, Mar 17, 2011 IP
  4. percyjacksons

    percyjacksons Peon

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    #4
    Yeah, there are alot of American banks in India, but hardly any in Goa... Standard Chartered, American Express, and SBI(State Bank of India)...
    Do you think that Wired Money transfer is good? They might charge Enormous fees like stealing 30% of my money
     
    percyjacksons, Mar 18, 2011 IP
  5. highriskprocessing

    highriskprocessing Member

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    #5
    You canot utiise PP for transferring large amounts of cash. Have your bank establish a USA Bank Account, and then wire funds.
     
    highriskprocessing, Mar 18, 2011 IP
  6. DeluxeAds

    DeluxeAds Peon

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    #6
    WHatever you do, do not use paypal to transfer the funds. Do an international wire xfer.
     
    DeluxeAds, Mar 21, 2011 IP