Receiving cash gifts from overseas guests?

posted 2 years ago in Gifts and Registries
Post # 2
Member
3204 posts
Sugar bee

I once went to a wedding in Panama where it is pretty standard to provide bank wiring instructions for wedding gifts. I think if people ask, it’s perfectly acceptable to give them your Paypal. Venmo or wiring instructions, whichever they prefer. But I would wait until they ask.

Post # 4
Member
1680 posts
Bumble bee
  • Wedding: April 2018

hermionegranger :  I haven’t dealt with this personally but just wanted to mention that although the wire transfer may have exhorbitant fees, other methods may seem cheaper but the actual exchange rate is less, so make sure you check how they calculate the rate.

Post # 5
Member
1866 posts
Buzzing bee
  • Wedding: December 2017

Is there someone who you trust in each country people are sending money from, who money could be sent to and then they forward as a lump sum? Or do either of you have another bank account in another country?

Post # 7
Member
1866 posts
Buzzing bee
  • Wedding: December 2017

hermionegranger :  I still have a bank account in my home country, so everyone from there either gave my mum cheques in my name which she deposited, or they transferred directly into my UK account. Then I can withdraw the money as I want to using my visa card (which has very good rates for international withdrawals).

If you get it all to be given to someone else and forwarded as a lump sum, you do need to be careful about maximums for international transfers.

Post # 8
Member
233 posts
Helper bee

I don’t live in the US, but my FIs family does. They send us money for our birthdays, Christmas etc. They all just send it as cash with a card. Usually in a tracked envelope. We just bring the money to our bank and they will cash it in to our bank accounts. If you do it all at once, the transaction fee won’t be that much. 😊 I think we pay around $5-$10 per transaction. 

Post # 9
Member
7676 posts
Bumble Beekeeper

hermionegranger :  will they be traveling to attend the wedding in Canada? I’m in the US but we had a lot of Canadians come down for our wedding and they took out US dollars once they got here and stuck it in a card. 

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