Sending money abroard

[TGTiff]

I have sent several amounts of money to my Fiance via a well known money transfer agency( let's call them where the sun sets and Arthur Scargills mates)
But now I am apparsntly transferring too much money l even when I enter €1 it comes up with this!
Any financial PH bods would be able to comment?

[Simpo Two]

Wild guess - money laundering threshold?

[MisanoPayments]

It's likely that your account has been flagged for review, possibly randomly or for other reasons.

For example, you could be transferring more money than you said you would when you signed up (very common) and you just need to update the company on your plans. Also possible that as your fiancé/fiancée doesn't yet share your name, they may want confirmation of your relationship to the beneficiary/to know why you're sending them funds etc.

[g40steve]

Try Wise easy to setup gives you another option.

[RizzoTheRat]

Revolute is east to set up, you have multiple "wallets" in different currencies within the same account and can transfer between currencies at the daily rate. Free account limits how much you can transfer in a month but fee accounts aren't that expensive.

[TGTiff]

Thanks everyone. I have only sent 100s not Thousands so I don't get the money washing thing?

[bongtom]

I’m assuming you mean fiancée, fiancé is a man.. unless she’s a Thai ladyboy, then it gets confusing.

Anyhoo. Depending where you’re sending some countries are on a black list, and also it’s not so much the ForEx transfer company but the receiving bank in the that country that is flagging it.

Wise is good.

What country you sending too?

[Chromegrill]

Sounds odd. I've transferred the occasional three or four figure sums using either Moneygram or Western Union to family or friends in several countries (both high and low income) without any problems, the two seem to compete well together as either can be cheaper than the other for any given transaction requirement and cheaper than lesser known alternatives. Occasionally I've managed to get better deals than published exchange rates.

If you need to transfer much larger sums (think like 5 figures) there are specialist companies you can sign up to that aggregate a load of transactions in each direction every day and offer decent rates. But always always check the details carefully, you may not be protected if things go wrong or the company goes bust halfway through.

[TGTiff]

It is France so not some war torn 5h1t hole! That is why it is do strange?

[Chromegrill]

TGTiff said:

It is France so not some war torn 5h1t hole! That is why it is do strange?

Someone's bound to come along in a minute to point out that's yet another benefit of Bre....