What is a good answer for "Purpose of wire" when making international wire transfers?
A few days ago, I had to complete a letter of instruction for international bank wire request to make a withdrawal from my TDAmeritrade accunt to my bank account overseas. On the form, you need to give an answer for "Purpose of Wire". I did not think it was a big deal because I was witdrawing money from my account and requesting it to be deposited to my account overseas. My answer was " to make some purchases". They denied my request because my answer was not good enough, if you can believe that!! What would be a good answer? Thanks in advance.
P.S: amount of the wire is around 13K
I am already being honest.. They know it is my account. Both Sender and Receiver is my name..
- SeekerLv 49 years agoBest Answer
Just write- Transfer of Personal funds for medical requirement /emergency.
Bank People are usually morons who go by what is written rather than acknowledging that a person can do whatever he wants with his own money.
- 5 years ago
Have you thought about the fact that the reason "Purpose of wire" is required is to combat Anti-Money Laundering activities? Think about it.
- Anonymous9 years ago
How about being honest and just say you're transferring personal funds to another account that you own?
- deneenLv 43 years ago
i've been browsing the internet more than three hours today looking for answers to the same question, and I haven't found any interesting discussion like this. it is pretty worth enough for me.
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- AnnLv 44 years ago
The proper answer is a truthful answer.
- 3 years ago
Loads of insightful answers, thanks