Transfer money from forex card to bank account

Transfer money from forex card to bank account

30/01/ · Money transfer credit cards are also available, which are similar to balance transfer cards, but allow you to transfer money directly to bank accounts. This is a feature which balance transfer cards don’t have. Money transfer cards give you a period of time to repay the money at 0% interest, in exchange for paying a money transfer fee Remember: Once you transfer money from your forex card to your bank account, you lose the protection against forex fluctuations. The next time you travel, you will have to load foreign currency into the card at the prevailing blogger.com you are a frequent traveller, our advice is to keep the currency in the forexcard if it is below USD (or For example, if I fund my Forex account with $ on a credit card and make $ profit, I now have $1, sitting in my Forex account. The broker will force me to withdraw $ as a credit to my credit card before allowing me to use another withdrawal method. This is an anti-money laundering precaution

How To Transfer Money From Prepaid Card To Bank Account

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I live in India and I have gained some money in forex trading. How can I transfer the money to my bank account? Is there any legal restriction? Can I transfer from Skrill? You can use Skrill or any other service like paypal or SWIFT wire. There is no legal restriction to bring money into India.

You need to pay taxes depending on how you earned the income, of course the assumption is you earned the money in a legal way. This would depend on what transfer methods your Forex broker allows, transfer money from forex card to bank account.

Most will allow you to have a check or wire transfer sent Keep in mind, many brokers will force you to withdraw using the same funding method you used to deposit, up to the amount of the deposit.

This is an anti-money laundering precaution. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group.

Create a free Team What is Teams? Learn more. Transfer money from forex card to bank account can I transfer the money I made in forex trading to my bank account? Ask Question. Asked 7 years, 5 months ago.

Active 4 years ago. Viewed 11k times. india foreign-exchange money-transfer. Improve this question. edited Mar 31 '14 at ChrisInEdmonton 14k 1 1 gold badge 39 39 silver badges 75 75 bronze badges.

asked Mar 31 '14 at ritu ritu 1 1 1 gold badge 1 1 silver badge 1 1 bronze badge. Thanks Edmonton and Dheer. This info is useful to a friend who'd wanted to use an online FX broker to move money from Far East to EU and get a good rate of exchange.

But it's clear that this means of money transfer is prevented -- as much by the FX online brokers as by the anti-laundering laws. The long road home is the safest at night. Add a comment. Transfer money from forex card to bank account Oldest Votes.

Improve this answer. answered Mar 31 '14 at Dheer Dheer Jim Jim 2 2 bronze badges. Featured on Meta. Unpinning the accepted answer from the top of the list of answers. Related 2. Hot Network Questions. Question feed.

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How to RELOAD Existing FOREX Card using Net Banking?: Forex Card ko Reload Kaise Kare?

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How to Transfer Money From Axis Forex Card to Bank Account Online - Yen Trader

Important Information about your Multi-Currency Forex Card 1. The Multi-Currency Forex Card allows you to lead multiple wallets of different currencies on a single card. Thus, you can transact in varied currencies without the hassle of carrying multiple individual currency cards. 2. The Multi-Currency Forex Card can be loaded simultaneously Author: Ashita Ryan D'souza Transferring money online is the best way to ensure that you are not in over your head when it comes to finances, as this will give you peace of mind. so do not overlook this opportunity, and learn how to transfer money from Axis Forex Card to bank account online today Remember: Once you transfer money from your forex card to your bank account, you lose the protection against forex fluctuations. The next time you travel, you will have to load foreign currency into the card at the prevailing blogger.com you are a frequent traveller, our advice is to keep the currency in the forexcard if it is below USD (or