Instructions on how to transfer money to settle in the US quickly and legally

Transfer money to settle in the US receives the attention of many people. However, not everyone knows how to transfer money from Vietnam to the US to settle down, as well as the fees and notes to avoid falling into “money transfer” cases. loss of gills.” 

In the following article, ImmiPath will help you know the procedures and channels to help you transfer money to the US quickly. fastest and most successful. Watch now!

1. What is US settlement money transfer?

US settlement money transfer is the activity of transferring money and assets abroad for The subject is a person with Vietnamese nationality.

The person transferring money to the US or settling assets can be the beneficiary himself or a relative of the beneficiary. The beneficiary is living in Vietnam.

2. The fastest way to transfer money to settle in the US

Currently, there are many ways to help you transfer money to the US to settle down</ b> safe, fast, easy.

In particular, transferring money through the banking system is popular with many people. Next, ImmiPath will tell you some ways to transfer money to settle in the US:

2.1 Transfer money directly to a US bank account

This is the form chosen by many people because they transfer money directly to a bank account in the US to shorten adding some unnecessary legal procedures. When choosing this form to transfer money to settle in the US, customers need to pay attention to the following issues: span>

• Full name
• Account number
• Bank name
• Swift Code

The time to transfer money from Vietnam to the US to settle in this way is very quick, only 10-15 minutes and supports up to 150 countries around the world.

Transfer money to settle in the US via bank

2.2 Transfer money to settle in the US with Western Union

US settlement money transfer service by Western Union is also chosen by many people. This form is not much different from the service of transferring money directly to a bank account. Accordingly, customers also need to provide some information such as:

• Provide the recipient’s full name
• Documents proving the purpose of money transfer
• Documents proving relationship

Money transfer by Western Union will be delivered to the recipient in just 10-15 minutes.

Transfer money to settle in the US by Western Union.

2.3 Transfer money to settle in the US with MoneyGram

Different from the two ways to transfer money to settle in the US above, for the method of transferring money to the US to settle using MoneyGram, You will fill out a form and give it to the agent with the amount you want to transfer plus the service fee.

Another point is, customers can leave a 10-word message to the recipient. From there, customers will receive a money receipt code from MoneyGram.

Receive money with MoneyGram, customers will not need to open an account, do not need to declare the amount and will receive money within 10 minutes after the sender completes the money transaction.

2.4 Transfer money to settle in the US with Paypal

If you don’t know how to transfer money to the US to settle, Paypal is also a service you need to pay attention to. Paypal money transfer service operates mainly through electronic money transfer, replacing traditional means of money transfer.

Easier to understand than Paypal is an intermediary between buyers and sellers, the buyer will deposit money into their account. Paypal and use that account to complete electronic transactions. And Paypal will charge a transaction fee to keep it running. To use this service, you need to be 18 years old, have a debit card, credit card, an E-mail and preferably an account. bank account.

Transfer money to settle down in the US with Paypal for free account registration and control Getting money is easier and money transfer time via Paypal is quick, easy and highly secure when making online transactions.

Transfer money to settle in the US with PayPal.

3. What documents are needed to transfer money to the US to settle?

Remittance documents to the US will vary between forms. However, to transfer money to the US to settle, you need to prepare some of the following documents:

• Prepare documents to prove customer’s Vietnamese nationality
• Citizen identification card, passport showing Vietnamese nationality information.
• Documents proving that the customer has been allowed to settle abroad.
• Fill out and sign the application form, transfer and bring foreign currency abroad (original), based on the bank’s pre-printed form customers transfer money.
• Immigrant visa
• Document of a foreign competent authority permitting settlement. Or documents proving that Vietnamese citizens are allowed to settle abroad.
• Note that the translation must be accompanied by a certified translation agency.
• Documents proving legal source of foreign currency.
• Documents proving legal income from business activities include: Financial statements, tax reports and transfer contracts capital contribution.
• Labor contract or document proving legal income. Based on salary, bonus, allowance, allowance…

Remittance transfer documents to settle in the US require all important documents.< /i>

4. How much does it cost to transfer money to the US to settle?

5. Things to note when transferring money to the US to settle

When deciding to transfer money to settle in the US, you will need to note:

5.1 Comply with Vietnam’s money transfer regulations

When transferring money from Vietnam to the US, the following conditions must be fully met:< /p>

• Transfer money for the purpose of studying or medical examination and treatment abroad.
• Long-term work, travel, visits abroad.
• Transfer benefits to relatives/relatives abroad.
• Inheritance money for heirs living abroad.
• Money transfer for the purpose of settling abroad.

Money transfers must be approved by the State Bank of Vietnam. In cases of transferring money abroad, there must be an investment project approved by the US Immigration Department.

According to the regulations of the State Bank of Vietnam, a person cannot transfer more than 10,000 USD/year.

If you travel, each person cannot bring more than 5,000 USD. If you transfer money for medical treatment, investment or tuition for your child, you must present documents and evidence appropriate to the attached amount. If you sell assets and land in Vietnam to settle abroad, you must present a real estate purchase contract and other documents.

 

When transferring money to the US to settle, you need to pay attention to important issues.

5.2 Comply with US money transfer regulations

The US government has regulations on controlling cash flow to prevent crimes related to sponsorship. , terrorism, money laundering, human trafficking. Anti-money laundering laws in the US stipulate the following:

Money transferred to the US must have a transparent source and origin shown through evidence and specific documents. such as sales contracts, gifts, wills, personal income tax declaration documents…

If you transfer about 10,000 USD or more to a US bank account, you must notify the anti-trust unit. money laundering by the FBI to conduct origin checks according to banking regulation laws in the US.

For bank deposits of 3 months or more, it is not required to present proof of documents. origin of the money.

If your money does not exceed 14,000 USD/year, you will not be taxed on personal income tax on the money. If you transfer money from abroad to the US and vice versa, if it is over 14,000 USD, you will be taxed on personal income.

When transferring money to settle in the US, the legal source of money must be identified.

To transfer money to settle in the US quickly and safely, you need to meet a number of specific conditions as well as Choose the money transfer method that suits you that ImmiPath shared above.

If you still have questions about how to transfer money to the US Immigration or paths to qualify for a US green card, you can comment directly below the article, ImmiPath’s consulting team will assist. The most enthusiastic support for you.