polostar88
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- Joined
- Jun 16, 2010
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I have sent money to myself using XOOM many times. I have a friend in the USA who has sent funds (always under $5000 pesos per month) using XOOM to another friend in Argentina a number of times without any problem whatsoever and the recipient was never asked to complete any paperwork.
If you have relatives sending you money with RIA you may have to complete the paperwork but not necessarily have to reveal any personal information about them. When you complete the "origin of funds form" all you should have to do is indicate the origin of the funds is from the "bank account" of "sender's name" and the purpose of the funds is "ayuda de familia" (family assistance), even if they don't have the same last name and the funds will be used for "living" expenses.
When I first tried (unsuccessfully) to send money to myself using RIA I transferred money (with a free skype phone call) from my Schwab account to the Schwab account of a friend who actually lives in BA but has a VPN and a US phone number. He then initiated a RIA transfer that was deposited into my Argentine bank account without any question of forms to be completed. Even if the amount is less than $500 pesos they can ask for the paperwork at anytime.
Thanks... what if I they want to send more than 5000 pesos? What kind of paperwork would Xoom ask for? I read another post here that said they would ask for no paperwork and that it went smoothly (I think in that case it was actually a guy sending himself $1000).