What is the best method to move a large money to another country ?

[tasamy]

I would be grateful, if someone gives me the best way to move a large money from Canada to say Ghana/India/etc. I want to use that money for buying a piece of land.

[CheapScotsman]

Paypal it to me and I'll make sure it gets where it is "needed"

The best way is international wire transfer. Call your bank as some will charge a % while others will be flat fee. You will need a "receiving" account at a bank in the destination branch.

Sure hope you have good solid personal (family, friends for the last 20 years, etc) connections in these countries or your money is gone.

[supernerd]

To a third world country? A brown paper lunch bag by someone you trust. The lunch bag is to make it look inconspicuous.

Im not even kidding. :)

I dont know about India, but of the southeast asian countries I send money to, this is the only option I have.

[vickyvictoria]

Wire transfer...

however, no one can guarantee the amount that will actually be deposited - depending on the FI, country and location, the funds may have be transferred through several clearing houses... and with each hit, there are services charges...

your bank may have to send international wires through RBC, goes to London UK, somewhere in India, to a city, and may be made into a cheques and transported on land some how... and there's no guarantee as to how long it will take.

bwtn large international cities, wire transfers would be pretty quick, 24hrs.. London, Uk, Hong Kong, New York etc..

[bcti]

Why not an international Bank Draft.... and put it in your wallet deposit in other country hopefully using same bank ie royal bank of X.

[Odysseus_Maximus]

Use a briefcase!:lol:

[newbie7]

Don't know what the "best" method is, but the safest method is to use banks that are reputable and considered a major bank in BOTH the transferer and the transferee country via wire transfer.

eg.
to HK, use HSBC
to India, use ICICI
to Singapore, use CIBC
etc.

For transfer over $50K, you need to sign a waiver and an authorization document for money laundering purposes.

[Packet]

you could also look at the moneygram option offered at post offices.

[craftsman]

If the amount is large enough, I could talk to each bank directly and see what type of safe guards can be put into place so that the money gets to where it is suppose to go....

You hear of too many stories of a couple of bribes here and there and then suddenly no-one knows what you are talking about...

[justDeals]

have you looked into Travel Cheques..they are convenient and safe( even if you loose them) BUT comes with a price (commission%)
I can tell you for India, goto either CITI bank and open an account, takes 15 days to clear the payment and you have a perfectly working cheqing account that you can use for day to day banking (with an option of using CAD$/US$ or INR).

Hope that helps,

[iluvmikeharris]

Do it in installments of $9,999.99 to avoid the money laundering police:D

[Ron]

A wire transfer or a bank draft.
A wire transfer is faster.

[eliteblaze]

if it's large enough just SWIFT it =)
set up a holding corp, lend it a notes payable, open an offshore account,

Smaller get no-fee amex cheques from BMO/If you have a plat CC somewhere and you can do it that way

[lakshmi]

To india or sri lanka or bangladesh, use icici bank. they offer competitive exchange rates and charges. lowest that i know of.