I want to transfer around 20000 USD to my cousin in Australia by Oct 20th. I am seeking recommendations for best possible way to transfer this amount that can avoid hidden fees and can offer favorable exchange rate. Google search says transferwise and ofx as options. Anyone used them before? Are there any tax implications that need to considered? Thanks in advance.
What does direct imply in wire transfer
Transferwise
Remember to file gift tax form or give gifts < $14k to your friend and his/her spouse each.
Crypto
Xoom
Xoom
This is what crypto is for
Keen to know what you end up doing.
Transferwise / remitly / xoom / Transfast have all worked for me. Reliable.
Fly
You can't carry >$10k cash out of US without declaration.
What does “declaration” entail?