New mandate re money transfers?

[Ries]

one hand doesnt know what the other is doing. As part of the pensionista visa process, migraciones requires that we wire transfer an amount every month equal to 5 times the minimo salario. In March, that was 900,000 pesos. This changes monthly, but, of course, it is unlikely to be below 800,000 pesos ever again. This rule cannot, of course, be satisfied by wiring yourself money thru western union- it requires direct wire transfer to your argentine bank account.

 

[julia_en_ruta]

one hand doesnt know what the other is doing. As part of the pensionista visa process, migraciones requires that we wire transfer an amount every month equal to 5 times the minimo salario. In March, that was 900,000 pesos. This changes monthly, but, of course, it is unlikely to be below 800,000 pesos ever again. This rule cannot, of course, be satisfied by wiring yourself money thru western union- it requires direct wire transfer to your argentine bank account.

Definitely that last part -- it has to be direct transfers. Ugh.

For Santander, I was able to submit an IRS W-9 as well as a form (called 8-743, "Prevención del Lavado de Activos y Financiación del Terrorismo Formulario Complementario de Perfil de Riesgo - Cuestonario Para Persona Fisica", if that's helpful) affirming that I don't make my money by trafficking arms or selling pornography (among other things). I got the forms by e-mailing my branch manager. Once I submitted them, I couldn't get a word out of her confirming that it was sufficient, but I successfully made the 5x USD Swift transfer yesterday after having made another peso transfer earlier in the month.

But I suppose we'll have to have a second bank account eventually to deal with the USD $12k annual transfer limit, so .

 

[Rich One]

Perhaps will have to rely more on WU cash withdrawal . Or make more US to US bank account transfers like Zelle.

 

[Ronnie Hotdogs]

No Brubank

 

[Ronnie Hotdogs]

Also don't know where my money has gone, it's showing as completed with Moneygram but not arrived in my bank and no notification from Brubank either..

 

[gonzalob54]

I transfered 600 u$s yesterday using Remitly to my Galicia bank, no problem. Credited in 15 mins for $ 4.99

 

[florence]

I got the same Santander notice. As I read it, if I am okay with the 4 x SMVM, then I don't have to do anything. Is that right? I don't work here.
The notice said they needed to know more about my finances. "Es por eso que, si no tenés registrada tu actividad formal en la AFIP (ya sea porque actualmente no trabajas, sos ama de casa o estudiante) vas a poder recibir acreditaciones mensuales en tu cuenta (depósitos en efectivo y/o transferencias) por un monto máximo de hasta 4 (cuatro) salarios mínimos vitales y móviles (SMVM)." I am okay with the limit. Do I have to do anything? Thanks.

 

[julia_en_ruta]

@florence I'm not a Santander employee, but if you're OK with that limit, I would also take it to mean that you can carry on as-is.

 

[Lisandra]

one hand doesnt know what the other is doing. As part of the pensionista visa process, migraciones requires that we wire transfer an amount every month equal to 5 times the minimo salario. In March, that was 900,000 pesos. This changes monthly, but, of course, it is unlikely to be below 800,000 pesos ever again. This rule cannot, of course, be satisfied by wiring yourself money thru western union- it requires direct wire transfer to your argentine bank account.

"one hand doesnt know what the other is doing." Well, that is certainly putting it mildly. We can't even open a bank account now to comply with the latest diktat from Migración in order to get a DNI. Why? Because.... Santander, Galicia and BBVA etcétera won't open an account without a DNI. They basically said that they don't give a damn what Migración says. Which was actually cool to hear. So, now it's Catch-22 meets Franz Kafka meets Idiocracy. The lawyer can deal with them. I don't have the patience to deal with la campora. If it doesn't work out, oh well. The tropical cordilleras in the Andes are spectacular. Good luck to everyone dealing with this insanity. Ask yourselves if it's worth it.

 

[Alby]

If they carefully read their own policy, they'd probably realize that while the idea was to a set new minimum amount for rentistas to demonstrate and for the first time set an amount for pensionistas, it was only intended that the rentistas actually deposit into an account here. The majority of the text is about upping the existing minimum amount for rentistas, who, historically, always had to bring the money in. Setting a minumum for pensionistas (who previously faced no minimum whatsoever, let alone an obligation to transfer it) is a kind of add on at the end of the text.

Still, it has been interpreted they way they are interpreting it, and we are stuck with it.