Author Topic: Whats the best way to send money to a bochur learning in Israel.  (Read 3339 times)

Online jmz

  • Dansdeals Gold Elite
  • ***
  • Join Date: Mar 2015
  • Posts: 125
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #30 on: October 25, 2017, 05:02:07 PM »
Can anybody update this based on advances in technology in the last 5 years?
Most banks charge transaction fees for using their ATM cards overseas. TD Bank doesn't charge but limits the amount per month you can withdraw. (Married kids living in Israel paying rent etc.). Paypal does not transfer from US accounts to Israeli Paypal accounts. Any ideas?
Not sure if this helps but I actually opened a td brokerage account. I can take up to 1k$ a day on each card. I have a card for myself and my wife. 2k a day. No fees. Good luck.

Online myi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2015
  • Posts: 8968
  • Total likes: 383
  • DansDeals.com Hat Tips 150
    • View Profile
  • Location: brklyn/Israel
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #31 on: October 26, 2017, 12:43:52 PM »
Not sure if this helps but I actually opened a td brokerage account. I can take up to 1k$ a day on each card. I have a card for myself and my wife. 2k a day. No fees. Good luck.
What does it take to open a brokerage account?
 And what's wrong with a td premier account which grants you access to take out money from the atm without any fees neither from the atm nor from td.
 (I assume there's a limit but not sure how much, and they will reimburse you for all the transactions on the statement at the end of the month.)
Don't try to be someone else , be who you are because everyone else is taken.

Offline 08701

  • Non-Elite Member
  • Join Date: Apr 2015
  • Posts: 12
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #32 on: October 26, 2017, 12:47:04 PM »
TD Premier has a minimum balance of $2,500 and if you go below that even once per month you have a $25 monthly maintenance charge.

Online myi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2015
  • Posts: 8968
  • Total likes: 383
  • DansDeals.com Hat Tips 150
    • View Profile
  • Location: brklyn/Israel
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #33 on: October 26, 2017, 12:49:33 PM »
TD Premier has a minimum balance of $2,500 and if you go below that even once per month you have a $25 monthly maintenance charge.
Yes forgot to mention that, and for those which can afford to have 2500 lying around in an account then that's an option.
 (2,500 is not that much,in terms of having the cash sitting idle as the cash is not disappearing, and I'm sure most can pull it off.)
Don't try to be someone else , be who you are because everyone else is taken.

Offline 08701

  • Non-Elite Member
  • Join Date: Apr 2015
  • Posts: 12
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #34 on: October 26, 2017, 12:52:11 PM »
Yes forgot to mention that, and for those which can afford to have 2500 lying around in an account then that's an option.
 (2,500 is not that much,in terms of having the cash sitting idle as the cash is not disappearing, and I'm sure most can pull it off.)

2 kids 2 accounts = $5,000
3 kids 3 accounts = ...

Online myi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2015
  • Posts: 8968
  • Total likes: 383
  • DansDeals.com Hat Tips 150
    • View Profile
  • Location: brklyn/Israel
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #35 on: October 26, 2017, 01:18:22 PM »
2 kids 2 accounts = $5,000
3 kids 3 accounts = ...
true I didn't think of it like that.
I stand corrected.
Don't try to be someone else , be who you are because everyone else is taken.

Offline grodnoking

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Nov 2014
  • Posts: 3270
  • Total likes: 44
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: TriState
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #36 on: October 26, 2017, 02:16:32 PM »
2 kids 2 accounts = $5,000
3 kids 3 accounts = ...
Your kids are in bis medrash and don't have saved up over 2.5k?
I'm not who you think I am.

Online myi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2015
  • Posts: 8968
  • Total likes: 383
  • DansDeals.com Hat Tips 150
    • View Profile
  • Location: brklyn/Israel
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #37 on: October 26, 2017, 08:19:41 PM »
Your kids are in bis medrash and don't have saved up over 2.5k?
thinking about it again no need to have five accounts for five kids learning in Israel just have one son or daughter with an account and once a month they all come (with a bus which cost 3-4 shekals for a student) to get money from that one child.
Don't try to be someone else , be who you are because everyone else is taken.

Offline ad120

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2013
  • Posts: 1359
  • Total likes: 6
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: Monsey, NY
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #38 on: October 27, 2017, 12:53:20 AM »
+1

Charles Schwab is a great option.
That's my primary bank.
I use it at home. Whenever I need cash I go to my corner and take money out of the ATM.
No worries or questions.
Simple and easy.

Online Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 13960
  • Total likes: 239
  • DansDeals.com Hat Tips 34
    • View Profile
  • Location: Where I ought to be
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #39 on: October 27, 2017, 01:29:07 AM »
2 kids 2 accounts = $5,000
3 kids 3 accounts = ...
Why the need for more than one account? Just give them all cards and they all get a $750-$1000 daily limit.

Online jmz

  • Dansdeals Gold Elite
  • ***
  • Join Date: Mar 2015
  • Posts: 125
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #40 on: October 27, 2017, 04:03:20 AM »
Why the need for more than one account? Just give them all cards and they all get a $750-$1000 daily limit.
Exactly what my parents used to do. All five of us children had an account with our names on it and each got a card with 1k limit. (but then obviously one emptied it the first week and left us out to dry) :)

Offline 08701

  • Non-Elite Member
  • Join Date: Apr 2015
  • Posts: 12
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #41 on: October 27, 2017, 09:37:03 AM »
All these ideas are sort of low tech. Why can't a person with a few clicks on his computer send a few thousand dollars into an Israeli bank account in today's day and age? It's not like there would be a money laundering issue as there is a clear trail of what is going where.

Offline yuneeq

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2013
  • Posts: 5089
  • Total likes: 113
  • DansDeals.com Hat Tips 9
  • Gender: Male
    • View Profile
  • Location: NJ
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #42 on: October 27, 2017, 09:49:37 AM »
I use to use capital one debit card, it was free to withdraw IIRC.
Live forever or die trying.

Online myi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2015
  • Posts: 8968
  • Total likes: 383
  • DansDeals.com Hat Tips 150
    • View Profile
  • Location: brklyn/Israel
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #43 on: October 28, 2017, 05:16:02 PM »
I use to use capital one debit card, it was free to withdraw IIRC.
I was actually just going to post that yes I think it's completely free with the Capital One card.
Don't try to be someone else , be who you are because everyone else is taken.

Online Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 13960
  • Total likes: 239
  • DansDeals.com Hat Tips 34
    • View Profile
  • Location: Where I ought to be
Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #44 on: October 28, 2017, 05:27:07 PM »
All these ideas are sort of low tech. Why can't a person with a few clicks on his computer send a few thousand dollars into an Israeli bank account in today's day and age? It's not like there would be a money laundering issue as there is a clear trail of what is going where.
Why are they low tech? You can deposit money into the account easily and they can then instantly withdraw it.