What is the legal amount of physical cash we can bring back into England?
Jun 11th 2017, 4:03 am
#16
Forum Regular
Joined: May 2017
Posts: 77
Re: What is the legal amount of physical cash we can bring back into England?
https://www.citibank.com.vn/english/...l_transfer.htm
Citi Global Transfer service lets you transfer money real-time from your Citibank account to other Citibank accounts or aboard. It is easier to use, faster and more cost effective than traditional Telegraphic Transfer (TT).
Eligible customer to open International USD Account for outbound transfer Citi Global Transfer:
- Foreigners living and/or working in Vietnam, age 18 and above.
-All account holders must be foreigner to open Joint International Account USD. Duo nationality with Vietnamese nationality is not allowed.
Citi Global Transfer service lets you transfer money real-time from your Citibank account to other Citibank accounts or aboard. It is easier to use, faster and more cost effective than traditional Telegraphic Transfer (TT).
Eligible customer to open International USD Account for outbound transfer Citi Global Transfer:
- Foreigners living and/or working in Vietnam, age 18 and above.
-All account holders must be foreigner to open Joint International Account USD. Duo nationality with Vietnamese nationality is not allowed.
This service is only applicable for existing foreign passport account holders.
Customer needs to open an USD International Account.
The payee will need to be added and activated before you can transfer funds to the payee account.
There's also some useful info in this post: https://www.linkedin.com/pulse/trans...matthew-loureyCustomer needs to open an USD International Account.
The payee will need to be added and activated before you can transfer funds to the payee account.
Jun 11th 2017, 4:05 am
#17
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Joined: May 2017
Posts: 77
Re: What is the legal amount of physical cash we can bring back into England?
oh this reminds me...
I asked on an FB group about Vietnam and transferring money. They said you can do it if you have a work visa and you can show where the money came from and might need other documents, it might take a few days but your bank can then transfer the money.
I asked on an FB group about Vietnam and transferring money. They said you can do it if you have a work visa and you can show where the money came from and might need other documents, it might take a few days but your bank can then transfer the money.
Jun 18th 2017, 12:55 am
#18
womble
Joined: Sep 2005
Posts: 2,675
Re: What is the legal amount of physical cash we can bring back into England?
Why don't you try asking at the bank? The above link which took seconds to find on google says you can do transfers through their Premier account. Even if you're not Premier it is worth paying for, to get the transfers done.
Jun 18th 2017, 4:06 am
#19
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Joined: May 2017
Posts: 77
Re: What is the legal amount of physical cash we can bring back into England?
https://www.hsbc.com.vn/1/2/personal_en/foreign-exchange/global-view-global-transfers
Why don't you try asking at the bank? The above link which took seconds to find on google says you can do transfers through their Premier account. Even if you're not Premier it is worth paying for, to get the transfers done.
Why don't you try asking at the bank? The above link which took seconds to find on google says you can do transfers through their Premier account. Even if you're not Premier it is worth paying for, to get the transfers done.
https://www.hsbc.co.uk/1/2/hsbc-prem...HowtoApply_Btn
1) Have savings or investments of at least £50,000 with HSBC in the UK; or
2) have an individual annual income of at least £100,000 and one of the following products with HSBC in the UK:
- a mortgage;
- an investment, life insurance or protection product;
Or, qualify for HSBC Premier in another country.
2) have an individual annual income of at least £100,000 and one of the following products with HSBC in the UK:
- a mortgage;
- an investment, life insurance or protection product;
Or, qualify for HSBC Premier in another country.
Jun 20th 2017, 1:56 pm
#20
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Joined: May 2017
Posts: 77
Re: What is the legal amount of physical cash we can bring back into England?
Anyone have any experience with bitcoin as a means of getting funds from A to B internationally?
Jun 20th 2017, 2:05 pm
#21
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: What is the legal amount of physical cash we can bring back into England?
If you arrive in the UK with a bag of cash, especially coming from the Far East there is a very real risk that the money will be confiscated, even if you have declared it (and especially if you have not) and you will have to go to court to claim it back. It's call "civil forfeiture". Another member of BE was a police office at Heathrow and has commented on this actually happening, so it isn't just an Internet myth.
Last edited by Pulaski; Jun 20th 2017 at 2:12 pm.
Jun 21st 2017, 10:30 am
#22
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Joined: Jun 2016
Posts: 63
Re: What is the legal amount of physical cash we can bring back into England?
Bitcoin may not be secure, and even a scam, as many are finding out. I would not trust it as a 100 percent secure way of getting funds from Vietnam to the UK, the bank would be far safer, unless anyone else knows different?
Jun 21st 2017, 3:12 pm
#23
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: What is the legal amount of physical cash we can bring back into England?
The banks require employment documentation which the OP does not have (#17 above), which is why he has a problem.
Jun 21st 2017, 3:21 pm
#24
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: What is the legal amount of physical cash we can bring back into England?
Which banks require employment documentation? 
.... They might ask for it, but it isn't necessary to open an account, at least not in the US or UK - alternative sources of income are acceptable, at least so long as they're legit.
.... They might ask for it, but it isn't necessary to open an account, at least not in the US or UK - alternative sources of income are acceptable, at least so long as they're legit.
Jun 21st 2017, 3:27 pm
#25
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Location: Athens GA
Posts: 2,134
Re: What is the legal amount of physical cash we can bring back into England?
In Vietnam, which is what Saigon456 was asking about!
Jun 21st 2017, 3:37 pm
#26
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: What is the legal amount of physical cash we can bring back into England?
There's no need for the "!" 
I don't see that information anywhere in this thread, either from the OP or otherwise (I may have overlooked it
), so is this something that you know independently?
I don't see that information anywhere in this thread, either from the OP or otherwise (I may have overlooked it
), so is this something that you know independently?
Jun 21st 2017, 3:55 pm
#27
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Location: Athens GA
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Re: What is the legal amount of physical cash we can bring back into England?
Jun 21st 2017, 4:20 pm
#28
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: What is the legal amount of physical cash we can bring back into England?
That seems like a rather small sample when we know that banks in the US frequently make incorrect demands (not supported by any law or regulation) of new customers, especially those who are perceived as high risk, such as new immigrants. .....Therefore I would content that it is unlikely that there is any rigid/ absolute requirement to prove "employment" documentation when opening a bank account in Vietnam.
In fact, as almost all countries abide by very similar rules for opening and operating bank accounts to those underpinning the USA PATRIOT Act (thanks to the G7-backed Financial Action Task Force, which issues an annual report naming and shaming deficient countries, and I don't see Vietnam on the FATF Blacklist since 2012), I believe it is likely that proof of name, date of birth, as evidenced by a passport, and proof of address will be sufficient to open an account in Vietnam, IF the bank staff know what the rules are!
In fact, as almost all countries abide by very similar rules for opening and operating bank accounts to those underpinning the USA PATRIOT Act (thanks to the G7-backed Financial Action Task Force, which issues an annual report naming and shaming deficient countries, and I don't see Vietnam on the FATF Blacklist since 2012), I believe it is likely that proof of name, date of birth, as evidenced by a passport, and proof of address will be sufficient to open an account in Vietnam, IF the bank staff know what the rules are!
Last edited by Pulaski; Jun 21st 2017 at 4:30 pm.
Jun 21st 2017, 4:29 pm
#29
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Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: What is the legal amount of physical cash we can bring back into England?
I was not actually referring to opening accounts but transferring funds out of Vietnam to the UK. To make such a transfer some significant documentation has to be produced. That is not just the experience of my friend. A simple google search will show that it is the common experience.
Jun 21st 2017, 6:59 pm
#30
Lost in BE Cyberspace
Joined: Jul 2008
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