Sending Over $10,000 10K USD Via a Bank in Taiwan

[Tovy]

@qwert_zuiop

@Dr_Milker

The teller also told me, helpfully, “just wire 99,999 next time to save yourself the hassle.”

That reminds me about those remittance codes I always use when I transfer money to my Taiwanese account:

@qwert_zuiop

They told me I just just use code 510 because it would be appropriate for me if I send money from my own account to pay for my living expenses. Probably that code causes the least amount of paperwork for everyone involved

Most bank employees seem to keep telling that code 510 ( 贍家匯款收入Receipts of allowances to family or relatives ) is perfectly fine and that‘s also what everyone seems to be using.

But I can’t shake the feeling that this actually not the right way to do things and it might cause some trouble at some point in the future…

When transferring from Taiwan to the US I use “511 Allowance, the cost of living” and “remittance by overseas worker” (or something like that) because that’s what the bank employee told me to use long ago. It always seemed odd to me, because I live in Taiwan, so the money I’m sending to the US is obviously the money I’m not using for my cost of living, but whatever.