Tip: Wiring money back to America

[quote=“Lil’ Slugger”]If it were just NT$300 that would be fine with me. I’m also fine with the US$3 that my US bank tacks on, on its end.

What I would like to avoid is the US$15-20 charge collected along the way by some third-party bank that I never see. AFAIK every wire transfer I’ve ever made has been subject to this. Any ideas how to get around it?[/quote]

The way I got around this fee is to buy an international draft at the bank. Your NT$ are converted into US$ (or the Taiwanese bank may have other currencies available), and the check is drawn on a US (or other) bank.

You write the words “For Deposit Only” and your US bank account number in the endorsement area on the back of the check, take that draft to the post office, and then mail it to your bank.

I often did this when there was no rush to get the money to the US (the mail took about 10 days), and wired money when I was in a hurry (the wire took 1 day).

I hope this helps.