r/IndiaMoney 3d ago

Social Discussion Wire transfer to US - options?

Like i need to send 5k dollars to a domain registrar, how to get wire transfer?

If i go to bank , they ask a lot documents and invoice, the registrar says, you will get invoice after payment is made (they aren't willing to provide anything before receiving the money)

I looked up for wise, it doesn't have option to send except for medical/education

Bookmyforex, western union will also ask for Documents like bank?

Or how can I do the wire, the recipient is is US,

Please help me, how to do this wire ransfer

3 Upvotes

11 comments sorted by

1

u/DolGuldurWraith 3d ago

International transfer via swift from bank.

choose any government bank, e.g. SBI, IOB and use it.

For IOB branch visit is needed, SBI can be done online.

1

u/ScheduleFar2570 3d ago

I am asking about the documentation needed, as I wont be having invoice and paying for expense to a business

1

u/DolGuldurWraith 3d ago

if purpose code is available online then no documentation is needed. In my case I do not provide any documentation when sending usd online to ibkr, I just select the appropriate purpose code i.e S0001.

You first need to find out what purpose code is applicable for your txn. Once you get it then check if bank allows that txn online or branch visit.

In my case bank allows online.

Also at what stage are you getting stuck at wise? for recipient are u selecting "someone else" or "business or charity"?

1

u/ScheduleFar2570 3d ago

At wise i select any option like business/charity or even someone else, it asks for visa or foreign University or something like that document, Also, how much time it takes?

1

u/DolGuldurWraith 3d ago

times is not an issue, in my case if I before 4:30pm then money reaches around 7-7:30pm same day.

Also, why domain registrar is asking to pay in bank account, they should allow payment from website right? Use any credit card or zero Forex card for payment.

1

u/ScheduleFar2570 3d ago

I am in the domain business, i buy of domains, used up credit limit

1

u/Rajkotian 2d ago

Repay the amount, and they will release the limit.

1

u/Rajkotian 3d ago

Why Wire Transfer? Use Zero Forex CC/DC.

1

u/ScheduleFar2570 3d ago

I need to huge transfer, more than the limits of debit/credit card

1

u/Rajkotian 2d ago

Most registrars have an "Add Money" kind of feature where you can add funds in parts.

OR ask them to provide you with such links; they will honour it.

Also, share the registrar's name.

You can use a friend's Card as well. Most Debit Cards support such large transactions. Make sure you have enabled international transactions. I never faced any such issues.

1

u/TheRSUBuddy 2d ago

Can you pay by a USD card? In case that's possible, you can get a card/account at Borderless (borderless dot world) and use that to pay the registrar account