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| *Travel Tips>>>Egypt Travel Tips |
How to transfer large sum of money to sharm egypt? |
Travel Info How to transfer large sum of money to sharm egypt? Travel Tips If u r interested in purchasing real estate in sharm, it is better to deal with a reliable real estate company located in Sharm itself. They have a lot of properties to show u and can arrange payment method quite easily since they have many accounts with international banks in most countries especially U.K. You should also be aware that there is a restriction on transfer of funds exceeding USD 60,000 or equivl. for security reasons such as money laundry. As any property for sure will cost almost that amount or more the best method of payment is thru a bank draft issued by an international bank, that has an existing branch in Cairo or Sharm for easier verification of the draft and signatures. Another method is thru swift transfer from yr account with an international bank in the name of the seller and u have to state the reason of this transfer of money with proper documentation presented to the receiving bank. Others Any Bank should be able to arrange a transfer of funds to another as long as you have an account. also a bank draft, your bank should be able to advise you of the best method, if you bank with someone like HSBC you may find they already have a branch there, i have seen one in cairo There is an HSBC in Sharm. We set up an acount but you must have 拢700.00 in it at all times. You can only set up a GBP account unless you already have your tourist visa. In the end we didn't use it for the deposit but will be looking in to it for the remaining payments. If you do the transfer by debit card call your bank before hand to clear it. If it fails there is no number to call. also be prepared for the receiving bank not to accept it and to answer security questions to clear it. Use theMoneygram service available at any Post Office |
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