Once it exceeds $50,000, no matter how you remit it, you can't receive the remitted money, or even be returned by the original way. Moreover, according to local regulatory laws, policies and compliance issues, you will be required to issue proof of income.
brief introduction
Traditional bank wire transfer is one of the most common remittance methods. Diversified currencies and cable stores always make people feel at ease. However, the bank wire transfer process is complicated, so the remitter must know the payee's information in detail, including the name, address, bank name, account number and address, and most importantly, provide the Swift Code bank identification code to ensure the timely and accurate receipt of funds. In addition, bank wire transfer will generate transit costs, so it is recommended to choose overseas bank branches, which will reduce bank transit costs and transit time.
Everyone should be familiar with Western Union remittance. It is the world's leading remittance company with a history of 150 years. It has the largest and most advanced electronic remittance financial network in the world, with agent outlets in nearly 200 countries and regions around the world. Compared with bank remittance, Western Union has many remittance outlets, but the exchange rate is also much worse than that of banks.