- Thread starter D.Rep
- Start date
10.000 usd
It is $10,000 per family. You can bring or take more legally as long as you can prove the source.
It is covered under the currency and foreign transaction reporting act.
http://www.cbp.gov/linkhandler/cgov...currency_reporting.ctt/currency_reporting.pdf
Ccarabella
It is covered under the currency and foreign transaction reporting act.
http://www.cbp.gov/linkhandler/cgov...currency_reporting.ctt/currency_reporting.pdf
Ccarabella
You can travel with any amount but
You can travel with any amount but:
While legally possible I wouldn't recommend travelling with more than 10K because it will make you a target because you must declare it on your incoming Aduana form (the white form you get that states (one per family) on top.
You can travel with any amount but:
- You can travel with up to 10K per family/ friend group without having to declare it
- You go over the 10K and declare the money; you must be able to show proof of origin of said money on the spot (and of course never let the money out of your sight and if you can avoid it at all not even out of your hands).
- You go over the 10K and do not declare the money; if you do not declare it and the money is found on you at a routine check you can be in a lot of trouble; up to losing it...
While legally possible I wouldn't recommend travelling with more than 10K because it will make you a target because you must declare it on your incoming Aduana form (the white form you get that states (one per family) on top.
The regulation applies to cash/currency and freely negotiable instruments such as Travelers Checks.
The regulation does apply to Cashiers Checks / Bank Drafts made out to an individual or company because they are covered by their own bank regulations.
Recently it was determined that a member or a group (of friends) allowed a friend to carry some money (Casino winnings) to avoid the regulation and the money was confiscated by US ICE.
As long as you can show where you got the money there will be no problem.
BTW the casino winning story is extremely feeble, no one wins at a Casino except the Casino itself.
DS
The regulation does apply to Cashiers Checks / Bank Drafts made out to an individual or company because they are covered by their own bank regulations.
Recently it was determined that a member or a group (of friends) allowed a friend to carry some money (Casino winnings) to avoid the regulation and the money was confiscated by US ICE.
As long as you can show where you got the money there will be no problem.
BTW the casino winning story is extremely feeble, no one wins at a Casino except the Casino itself.
DS
No sane person would assume the danger of carrying that much money on their person unless they were hiding something. People who obtain their money lawfully, report it, and pay tax on it do not take such risks. They simply wire it to its intended destination, carry a cashier's check, or something like that, in which case the bank would make the required reports to the authorities. This is why though it may be legal to carry more than 10,000 as long as it is declared when entering and exiting countries, carrying this much cash or more on your person even when declaring it would cause a huge amount of suspicion on both ends,.
While traveling outside the US, You can carry up to $9,999.99. Yes, not 10,000.00. When it hits 10 grand you will automatically have to fill an IRS form. This is while you are in the airport. They know exactly how much you are carrying when you enter. There are metallic strips inbed into the paper and as soon as you walk across the metal detectors it tells the guards. Ever notice they look up when you walk through. So do not carry 10 thousand on you. Carry 9.
Just my 2 cents.
Liong
Just my 2 cents.
Liong
I suggest that you bring it in on a certify check or just wire the funds here, it easier and you just pay about 70.00USD and avoid having all that problem. Even in the USA you will get in trouble if the police stops you and find more than 5000.00USD cash in your possesion because normally almost nobody carries that much cash on them.
If you wear a tinfoil hat it blocks their mechanism from functioning and you can bring in more than 10k.
is the one I wear.
On topic- Just bring in 9k and be done with it, get the rest sent over thru WU or caribe express.
If you wear a tinfoil hat it blocks their mechanism from functioning and you can bring in more than 10k.
is the one I wear.
On topic- Just bring in 9k and be done with it, get the rest sent over thru WU or caribe express.
if someone wanna bring a big amount of legal money to the DR, why recommend to use ripp off companies like Western Union or Caribe Express where you pay high Fees?
below 10 grand is fine without the need to declare the cash on any report.
if you travel with Friends split the money and of course do not declare yourselves as one Group/Family, so you can take below 10 grand Each adult Traveler in your group.
for large Sums above such possibilities, keep it on a bank account in your homecountry and bring just your Debit Card for that account, use the money when ever you need it.
Mike
Because debit cards have daily withdrawals limits, wells fargo in US has 300$ per day limit and HSBC in UK has 400$ per day limit, I've tried with both to remove these limits and they say it's impossible.
The way you suggested with friends was exactly how 3 guys got 25k taken from them recently so that was a horrible suggestion.
Recommending WU and Caribe are from experience of building a house here, it is well worth the cost and safety of getting your money this way.
my Debit Cards(Foreign and Dominican) have a 10.000.- Pesos withdraw Limit per Day when taking Cash out of an ATM, they do not have a Limit when I go to a Car Dealer and pay a new Jeepeta in one Sweep, of course after a reassurance with the Homebank by Phone first and a Confirmation Fax afterwards to make sure no scammy thieve took da Card and wanna by a new Mercedes here with it.
for large Sums do the Transfers Bank to Bank from where ever to the DR, the Guys where you purchase something for big bucks will have accounts where such money can be received.
of course it is different in case you are in the ''solely cash'' department of the Money World, with the original Money back home not legally declared as required there and spending it here on shady thingies whom do not want to be traceable by any banking records.
Mike
for large Sums do the Transfers Bank to Bank from where ever to the DR, the Guys where you purchase something for big bucks will have accounts where such money can be received.
of course it is different in case you are in the ''solely cash'' department of the Money World, with the original Money back home not legally declared as required there and spending it here on shady thingies whom do not want to be traceable by any banking records.
Mike
This has been covered 100 times - wiring the money to a lawyer or directly to the builder is how to do it.
I always went through the lawyer to the builder who drove an hour to pick up the check.
Never had a questionnaire or form to fill out - land purchase thru buildout = mucho dinero.
Life need not be difficult.
Agree w/ Mike the Weatherman - up your cards' limits.
If your current bank won't do it - switch banks.
Mine are $1,000/day - I upped from the $300 by e-mail.
What is the fuss? You just keep trying until it works.
Agree with Mike and William - I use PNC Bank and I have a $1500/US limit per day. And I've used that whole limit more than once in DR [in multiple withdrawals back-to-back].
If you're wiring larger amounts, use bank to bank, I pay a flat fee of $45 per wire, regardless of whether I send $100 or $100,000.
If you're wiring larger amounts, use bank to bank, I pay a flat fee of $45 per wire, regardless of whether I send $100 or $100,000.
that's the same we do when purchasing a new Boat, in PR or the DR the same,
a Deal will be done and signed and the Money will be Wired Directly to the Seller,
Fees are minimal to nothing compared to the amount wired, no risk to get robbed nor scammed as the Banks on all sides of the Ponds keep accurate and valid Records of the Transactions.
but such is only possible with legally earned/declared/tax paid money of course.
the Rest has to use WU to purchase or build a House.
Mike
AE and Mike...
Its always the same question about the money... how do you do it?
The old fashioned way, I wire it !! Simple and idiotproof.
Fees can be anywhere from $20-25 and up..... for hundreds of thousands
Its always the same question about the money... how do you do it?
The old fashioned way, I wire it !! Simple and idiotproof.
Fees can be anywhere from $20-25 and up..... for hundreds of thousands