Wire transfers of less than 10,000?

aztec says on Mar 13, 2007, 14:03:

Since we are after two years... ...still dealing with government agencies on funds transferred to Colombia and back from Colombia, I would advise you to make sure you filed the appropriate forms. The reporting requirements depends on your objectives.

Keep detailed records of all your transfers. The Country is not as adept at keeping records as more "developed" countries. They don't have large data bases where your information is stored.

We have found ourselves having to provide documents of which the Government no longer has copies. Appears one agency may not always send records over to another agency that also may have jurisdiction.

Furthermore, when an enforcement agency in Colombia needs documentation they either cannot find it or the other agency is unwilling to cooperate. Similar to the USA before 9/11.

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Papi de Alejo says on Mar 13, 2007, 20:23:

I did a money transfer last year to a travel agency. I don't remember having to fill out any unusual forms. The credit union did have a lot of information on me and I do remember that they were extra certain to identify me as being me. The only hassle I encountered was on the other end they could not verify for several days that they had received the funds.

Live simply... Love generously... Care deeply... Speak kindly...

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analyzethis1 says on Mar 13, 2007, 20:35:

Western Union I used Western Union to transfer an amount less than 10K in Cdn funds which cost me $45 Cdn. I gave WU cash in the morning, they took down my name, reason for sending (emergency I said), and took down the name and number of the receiver. My friend went to the nearest (and safest) WU to her hometown, showed 2 pcs of ID and received the first installment of 2K that same day, and the rest 2 days later. She had to pay a small nominal fee to open an acct where the balance of the money was kept. They gotta make money off of it, too, I guess. Oh and my friend had to call WU first make sure they carried the amount requested.

There are two kinds of gratitude: The sudden kind we feel for what we receive, and the larger kind we feel for what we give. E.A. Robinson

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aztec says on Mar 14, 2007, 06:04:

jh816, If you have no plans fo returning... ...the $10,000 to the USA you have no problems so long as you can document from whence it comes. Just file form 5 and be done with it. Probably the bank will file the form and you won't even know it. I would ask and also request a copy.

Learning the hard way to keep copies of any money dealings in Colombia.

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jh816 says on Mar 14, 2007, 17:14:

documenting source of funds What would you need to show for "source of funds"? Its savings and returns from investments over the years, so all I really have is the bank statement.

joe.

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vicshere says on Mar 14, 2007, 18:22:

they actually want a certificate from your home bank to state .... the funds are earn income or where the money came from....I called my bank and they laughed at me....the bank couldn't do that as they themselves don't know where the money comes from...its a stupid circle

listo
"con mucho gusto"
Vic

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miamimike says on Mar 14, 2007, 19:31:

Much Easier, Just Preload a Prepaid Mastercard/Visa With $9999 and withdraw it as needed from a Bank in Colombia. No limit on how many cards you can carry with $9999 to Colombia. Keep in mind there is a Fee for preloading the Card and of course a Tranactions fee for cash withdrawls. The Haitans here in Miami do it all the time when traveling to Haiti as do Travelers to other countries.. It is safe and no chance of losing your money,,,

No hay Peor Ciego que el que no quiere Ver o Sordo que el que no quiera Oir--Soy Yo, Sarah Palin, Wasilla Alaska.

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aztec says on Mar 15, 2007, 04:33:

jh816 Unless you are self employed just get a letter from your personnel manager concerning your employment. This is funny but suggest he place any official seal he/she has on the document.

Also just ask the teller/manager at the bank to write that you have an account with their bank and you are in good standings. We have had no problem with our bank with any of these requests. You are the customer and they are there to help you.

There is a fascination with official looking seals so don't hesitate to have them attached to everything.

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