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Transferring Money Internationally

Posted on 4/8/14 at 10:36 pm
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 4/8/14 at 10:36 pm
Anyone ever transferred money internationally? I'm trying to transfer it to a BR account and it's asking me for my Local Clearing Code. It's got FW in front of the box for me to enter this code in.

Anyone know what that is?

TIA!
Posted by econ85
Member since Nov 2012
572 posts
Posted on 4/9/14 at 3:01 am to
I think that's the code for your local BR bank. You need to call them.
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 4/9/14 at 8:08 am to
Like the routing number?
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 4/9/14 at 8:29 am to
They require more info than the routing number and you will have to call the local branch or contact the banks international transfers dept. I suggest calling the hotline over the local branch, usually they are clueless, but then again they might be able to connect you through without waiting. Or they can give you the correct # to call.

When I sent stuff to Europe all the time I had to get the swift code (bank ID in the system) and IBAN number (this was like their routing and acct #)

Also they will charge you a fee to receive the wire ($45 is normal).

And try to check the spot rate when you are on the phone with them.
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24331 posts
Posted on 4/9/14 at 9:56 am to
use bitcoins...
Posted by Broke
AKA Buttercup
Member since Sep 2006
65036 posts
Posted on 4/9/14 at 10:59 am to
quote:

use bitcoins...


He said money
Posted by LSURussian
Member since Feb 2005
126816 posts
Posted on 4/9/14 at 11:01 am to
:rimshot:
Posted by Broke
AKA Buttercup
Member since Sep 2006
65036 posts
Posted on 4/9/14 at 11:04 am to
:takesabow:
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 4/9/14 at 9:25 pm to
quote:

use bitcoins...

He said money


Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 4/9/14 at 9:26 pm to
quote:

When I sent stuff to Europe all the time I had to get the swift code (bank ID in the system) and IBAN number (this was like their routing and acct #)


Thanks. I've done US to Singapore and they asked for the Swift and IBAN like you mentioned, but to go back the Singapore back seems to be asking for something different.

O well, I'll figure it out. Thanks, though!
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 4/9/14 at 9:47 pm to
Yeah, it's essentially the same info I just can't seem to remember what the US banks called it.

If you call their international dept they should give you the info pretty quickly. The problem is the local branch people normally never see this.

You will also have to fill out the standard anti-terrorist paperwork since you are transferring a large amt (over like 7500 is tracked).
Posted by LSUdubai
Dubai, UAE
Member since Oct 2010
253 posts
Posted on 4/10/14 at 4:45 am to
Transferring from Dubai to USA, all I need is the routing number for my bank in Louisiana.
Posted by tzimme4
Metairie
Member since Jan 2008
28335 posts
Posted on 4/10/14 at 6:39 am to
Those non English speaking people are doing it all the time at the local Walmart.
This post was edited on 4/10/14 at 6:39 am
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