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Old 01-06-2014
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Default Wire funds international w/ BOA

I am looking at setting up a Bank of America account in a few days, but had a few questions.

1. Does BOA offer int. money wires? (China)
2. If so, does anyone know the fees or process involved, or link me to a place to explain.
3. Is there an easy way to raise limits sooner than later. I am ordering 200 small items ($10 items) but would like to sell in a few months rather than years. I assume calling and sending in ID's would go hand in hand.
4. As side question - do you see a problem with setting up the account and sending money the next day to china, does it seem suspicious?

I do trust the seller, I have done business many times in the past for a lot more money at stake..

Thanks and as an fyi I would be planning on setting this account to receive the funds from PP too.

Edit-I do not want to seem like one of those people that get on here and expect you to tell them how to open a 10k$ account the same day, I understand that is not going to happen.. I am just wondering if you can verify an account anymore to raise funds. I know we talk about adding ESN or LLC but does anyone know how much that unlifts on your account?

Last edited by nivo; 01-06-2014 at 04:07 AM.
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Old 01-06-2014
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Default Re: Wire funds international

Found this on fees of 10 major US banks avg for transfers, domestic / int., sending or receiving.

Talk about a joke, moneygram charges me $10-15 to sent $1k-$3.5k. Whereas the average bank in US wants $45.50..

I guess all that would be left if anyone knows what limits increase to given you provide EIN?
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