International Transfers Now Limited

[teddybaby]

I tried doing a wire transfer through Western Union and I was told that there is a new policy in effect where foreigners can only transfer a maximum of $500.

I also tried doing an international transfer at a local bank and I was told the same thing.

This is totally whack considering it takes nearly an hour to do the process.

Has anyone else come across this?

[Charlie]

Do you know what the previous limit was? $500 limit for international transfers is a huge issue…

What’s the workaround? Paypal? Find a Unionpay ATM account overseas and slowly bleed your account?

[teddybaby]

Prior to this, I had no problem doing large amounts in the thousands. I’ve read that transaction amounts are limited only to the amount you can transfer per year. The maximum amount you can transfer is $50,000 per year.

I forgot to mention that you can only do one $500 transaction per day which is absurd.

So if you wanted to transfer $2,000 it would take a lengthy 4 day process and not to mention the fees incurred each time you a mere $500 transaction.

The only loophole that the bank mentioned was to have a Chinese friend transfer the money from their account to your international account. But they said that this must be done at the main branch of the Chinese person’s bank.

[Author]

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