Need to send US$ 100,000 to u.s.a.

[Vodka]

have to send this amount to my aunt in california. wondering if US Gov't will tax it

dito naman sa side natin sa pilipinas, BPI says i just have to provide documentation or valid reason for sending this amount so it doesn't get flagged by AMLC

[uls]

look for someone who will accept $100K or PHP equivalent here, then his counterpart in the US will give your aunt $100K

[Vodka]

or Paypal kaya??? actually i've probably transferred something like 30 million pesos thru paypal over the past 5yrs. but not as lump sum

[uls]

how about transferwise (now simply known as Wise)

[Walter]

Crypto is another option ...

[uls]

convert $100K to USDT

send to your aunt

your aunt converts USDT to USD

[_Cathy_]

look for someone who will accept $100K or PHP equivalent here, then his counterpart in the US will give your aunt $100K

similar to what we did before

My Aunt was issued a USD cheque from a bank account here in PH, she just gave the equivalent PHP. She was here in PH though so she brought the cheque back sa US.

Sobrang hassle pag transfer, hihingi pa ng proof on where they money came from and the recipient will definitely be taxed.

[dreamur]

have to send this amount to my aunt in california. wondering if US Gov't will tax it

dito naman sa side natin sa pilipinas, BPI says i just have to provide documentation or valid reason for sending this amount so it doesn't get flagged by AMLC

Yes, just provide a valid explanation and supporting dox to your bank. In my case, I showed my kid's tuition and dorm fees. Downside is bank's conversion rates are aweful.

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[_Qwerty_]

two 50K via Western Union..

[boybi]

Yes, just provide a valid explanation and supporting dox to your bank. In my case, I showed my kid's tuition and dorm fees. Downside is bank's conversion rates are aweful.

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Buy USD from other sources nalang?

[dreamur]

Buy USD from other sources nalang?

Havent tried other fx vendors kasi I feel safer with the banks. Madali kausap and less hassle. Im referring to BPI, BDO and SB in particular.

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[boybi]

Havent tried other fx vendors kasi I feel safer with the banks. Madali kausap and less hassle. Im referring to BPI, BDO and SB in particular.

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Meron naman mga well established money changers. We seldome buy from banks pag mag abroad. May suki kami money changer na naging friend na din.

[_Cathy_]

Meron naman mga well established money changers. We seldome buy from banks pag mag abroad. May suki kami money changer na naging friend na din.

Czarina or Sanry's kami since my childhood [emoji23] That's if walang relative that wants to sell or buy.

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[dreamur]

Meron naman mga well established money changers. We seldome buy from banks pag mag abroad. May suki kami money changer na naging friend na din.

Ah yeah, if you need the foreign currency on hand. Im referring to wire transfer like the question sa taas na involving huge amt of funds (>$10K). Sisilipin kasi ni AMLC so it would be safer to do it through the banks.

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[c_cube]

Kung may company sila sa US, use the company name, para madali mag transfer from here.

Pero kung personal name yan, flagged yan sigurado, makalusot dito, duon, hindi lulusot yan.


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[glenn_duke]

Send it thru the banks, safer, less hassle, depende sa reason or purpose ng remittance if it will be taxable on your aunts end. I always put family loan as my reason, if you have a dollar account it will be much easier and faster than using a peso account. Just make sure you get your aunts bank swift code correct.