I don't know if this would be tax free or not ? How many days would it take ? P.S I want to get it in my home account, the acknowledge to transfer it.
What do you mean by international lump-sum transfer from what country to what country and how much are we talking about?
Does HSBC report to your home country gov (for tax purpose) about the amount of money you have been depositing?
HSBC is the best bank to utilize for laundering money. They allow international transfers internally without going through SWIFT. They barely report anything to anyone. Even the drug cartels use them.
Is there any write-up anywhere to read more about it?
I transferred 40k with Bank of America recently. The home banking has an option to do it online and you can select the bank destination and account number. After I submit the request they called me for security purposes and double check destination account number. It cleared in 48-72hs. Destination account was on my father’s name. Don’t remember the exact wire fee but it was 40usd or less
Look at Transferwise and Xoom. Much cheaper than your bank. They offer different transfer rates including real time transfer.
Also xe.com or currency fair. I have used all of these and they give much better rates than your bank will.
Do you have to fill out a form or anything like that to say why you're sending your money in your bank account?
Its an Amazon's Offer