transferring large amount from US to Australia
Oct 3, 2018
14 Comments
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.
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https://help.cbp.gov/app/answers/detail/a_id/195/kw/DECLARING%20CURRENCY%20WHEN%20LEAVING%20US
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