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Alexxx: international money transfer
When overseas trip, bringing out money is always a big problem if the country has strict currency control.
Is it a good idea to use international money transfer service such as "Western Union" or "MoneyGram"?
Is it possible to send money to myself by those money transfer company?
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johndoe: Re: international money transfer
It's possible, certainly, but very expensive as I recall.
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Alexxx: Re: international money transfer
> It's possible, certainly, but very expensive as I
> recall.
Thanks for your reply.
When I send my money to myself, are there any rule?
How much is the maximum amount of money I can send?
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marti: Re: international money transfer
> Thanks for your reply.
> When I send my money to myself, are there any rule?
> How much is the maximum amount of money I can send?
the rules and the maximum depend on the country, but if you split it into several transactions at different offices you may send more. I think the worst disadvantage is that it is very expensive, about 5% of the amount is comission, and if it is not the same currency the exchange rate is an additional robbery. you loose about 8% at Western Union if you send to a country with another currency (5% commission and 3% at exchange).
Better may be some illegal or semi-legal methods, but in any case you need a confident local person that helps you.
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