Which is the best way to bring money in USA [duplicate]

In a few weeks I'll travel from Europe to USA. I'll stay there for some months and in my fisrt period there I'll need a large ammount of money for living there (let's say 2000-3000$). So my question is: which one is the best way (trade-off between cheapness and security) to have money there? (Assuming that I'll open an account as soon I'll arrive there.)

Bring cash and deposit them in the American bank when I will arrive?
Make a money transfer from my country back to the American one?

usa money

Best Answer

Only you know what your bank at home charges for international wire transfers, so you will have to judge if it is fair value versus the risk of walking around with $3000 "on your person".

Many US banks have service fees for inbound wires as well, though these tend to be in the $10-20 per incoming wire. So a factor, but not a huge one.

Accessing your cash via ATM withdrawals is possible but can get spendy, as most machines limit you to 20 notes and many stock only $20 bills (though some may have $50) and of course they charge you each time $3 to $5

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How can I legally bring money to the US?

Here's what the U.S. Customs and Border Protection website writes: \u201cIt is legal to transport any amount of currency or monetary instruments into or out of the United States,\u201d But anyone carrying more than $10,000 must declare the amount by filing a Report of International Transportation of Currency or Monetary ...

What is the best way to transfer large amounts of money?

Sending a wire transfer through your bank might be the best way to send a large amount quickly. As convenient as P2P apps are, they limit how much you can send, generally $1,000 to $10,000 per transfer, and delivery can take multiple days.

What happens if you bring more than $10 000 into us?

There is no maximum limit, however, any amount exceeding $10,000 USD must be declared upon arrival on both the Form 6059B and FinCEN 105. All forms must be filled in completely and truthfully. The penalties for inaccurate declaration and non-compliance can be severe including heavy fines and/or confiscation of funds.

How much cash can you carry to USA?

International travelers entering the United States must declare if they are carrying currency or monetary instruments in a combined amount over $10,000 on their Customs Declaration Form (CBP Form 6059B) and then file a FinCEN Form 105.

Cheaper Ways to Transfer Money Overseas

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