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My bank states do not do this outside of the US with unknown persons or businesses. Any advice or horror stories?
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I routinely wire money between the Denmark and the US. Make sure the foreign currency is converted to USD before it is wired to the US. It is cheap to do this overseas, but expensive in the US.Your bank is probably scared by provisions of the Patriot Act regarding money laundering. If you get an account with a multi-national bank like Citicorp, there will be no such concerns.
Do what I have done and open a checking account for the specific purpose of receiving wire transfers. As soon as a wire comes through I transfer the money from this account to my regular account. In the wire specific account I leave balance of $ 10.00.
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