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-   -   Money order / certified check (https://britishexpats.com/forum/usa-57/money-order-certified-check-862929/)

Pulaski Feb 27th 2016 4:49 pm

Re: Money order / certified check
 

Originally Posted by orchid_in_bloom (Post 11881093)
..... Our bank said they didn't charge us any fee but the US bank deducted an additional fee before the amount was transferred.

International wires typically go through at least three, and sometimes four, different banks. A bank can only send money to a bank that it (the bank) has an account with. So typically your bank sends the money to a large international bank, such as JPM Chase or Citibank, which then passes to a large bank in the destination country, which then passes to the bank of the ultimate beneficiary. ..... Each bank along the way deducts a fee! :eek:

Only if you bank with a very large bank like Barclays or Chase, and the person who sent you the wire banks with a large bank in their country is there any chance of a wire going straight from the sender's bank to the beneficiary's bank, and even then, not every "large" bank has an account with every other large bank.

orchid_in_bloom Feb 27th 2016 5:19 pm

Re: Money order / certified check
 

Originally Posted by Pulaski (Post 11881106)
International wires typically go through at least three, and sometimes four, different banks. A bank can only send money to a bank that they (the bank) has an account with. So typically your bank sends the money to a large international bank, such as JPM Chase or Citibank, which then passes to a large bank in the destination country, which then passes to the bank of the ultimate beneficiary. ..... Each bank along the way deducts a fee! :eek:

Only if you bank with a very large bank like Barclays or Chase, and the person who sent you the wire banks with a large bank in their country is there any chance of a wire going straight from the sender's bank to the beneficiary's bank, and even then, not every "large" bank has an account with every other large bank.

I see. That makes sense. That's something new I learned today.

tuxedocat Feb 28th 2016 1:21 pm

Re: Money order / certified check
 

Originally Posted by orchid_in_bloom (Post 11881093)
You may want to check whether the recipient did get the exact amount without any charge just to avoid potential problems.

When we still had our business in the OZ and our client in the US wired us their payment, their US bank charged them fees for the wire, which they paid separately, but when we got the funds, it wasn't the exact amount we were expecting. We had a back and forth communication with our client before we called our bank. Our bank said they didn't charge us any fee but the US bank deducted an additional fee before the amount was transferred.

Welcome to America the land of fine print fees.

mrken30 Feb 29th 2016 5:19 am

Re: Money order / certified check
 
Tell the landlord to sign up with rentmoola or similar then you could just pay by credit card. There are also some rent payment options that just send a check to the landlord. This is the website that just mails a check to the landlord. https://www.onradpad.com/paymyrent

Hanco Mar 1st 2016 1:14 pm

Re: Money order / certified check
 

Originally Posted by mrken30 (Post 11882128)
Tell the landlord to sign up with rentmoola or similar then you could just pay by credit card. There are also some rent payment options that just send a check to the landlord. This is the website that just mails a check to the landlord. https://www.onradpad.com/paymyrent

I would ask the landlord if they would do this (another similar is "rentcafe.com") but if they have only one or two properties they may not be willing. Our first rental was a one man one rental property operation. He liked direct deposit to his checking account.


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