Author Topic: Whats the best way to send money to a bochur learning in Israel.  (Read 18046 times)

Offline jmz

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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

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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

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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.
Visibly Jewish

Offline myi

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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.
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Offline Emkay

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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.

Offline jmz

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #45 on: October 29, 2017, 06:21:06 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.
Because then you have to open an Israeli account and deal with them anytime something needs to be done. And lots of banks charge to transfer from dollars to shekels and charge to withdraw. It's a whole different animal in Israel and who wants to deal with them if it can be avoided?

Offline Boruch999

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #46 on: October 29, 2017, 06:35:46 AM »
Because then you have to open an Israeli account and deal with them anytime something needs to be done. And lots of banks charge to transfer from dollars to shekels and charge to withdraw. It's a whole different animal in Israel and who wants to deal with them if it can be avoided?
+1B

Offline lubaby

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #47 on: October 29, 2017, 07:30:29 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.
What happens if you or your kid(s) go on a trip to any other country and need to withdraw cash? Is your plan to go open a local bank account, and “a few clicks later” be able to withdraw your money at the local banks exchange rate?

What you need is a regular US account (like one of the aforementioned) and be able to withdraw cash anywhere you are in the world (including your local corner store if needed) without paying any fees.

Offline myi

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #48 on: October 29, 2017, 08:43:24 AM »
What happens if you or your kid(s) go on a trip to any other country and need to withdraw cash? Is your plan to go open a local bank account, and “a few clicks later” be able to withdraw your money at the local banks exchange rate?

What you need is a regular US account (like one of the aforementioned) and be able to withdraw cash anywhere you are in the world (including your local corner store if needed) without paying any fees.
Well said.
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Offline Boruch999

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #49 on: October 29, 2017, 08:46:47 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.
You are writing from a country that until very recently did not have a way to do that between domestic bank accounts and still can't between every bank account.

Offline aygart

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #50 on: October 29, 2017, 10:19:38 AM »
CPC
Feelings don't care about your facts

Offline myi

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #51 on: October 29, 2017, 10:55:17 AM »
CPC
I always thought you have to have a certain amount of money to get that statues, now I see guys got it from becoming friendly with the bankers.
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Offline aygart

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #52 on: October 29, 2017, 02:21:51 PM »
I always thought you have to have a certain amount of money to get that statues, now I see guys got it from becoming friendly with the bankers.
Or with someone else who has it
Feelings don't care about your facts

Offline Racer7400

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #53 on: October 29, 2017, 04:58:42 PM »
My brother who lives in Israel has a capitol one 360 and uses that to withdraw from certain ATM's in israel free of charge. And you can transfer to capitol one 360 from any bank....

Offline myi

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #54 on: November 01, 2017, 09:11:10 AM »
Is it possible to take out money at a teller versus an ATM which charges for each transaction you do?

 Advantage of a teller would be I can take all the money out at once with only one withdrawal fee.?
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Offline Emkay

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #55 on: November 01, 2017, 09:12:20 AM »
Is it possible to take out money at a teller versus an ATM which charges for each transaction you do?

 Advantage of a teller would be I can take all the money out at once with only one withdrawal fee.?
Bank ATMs don't cost anything.

Offline myi

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #56 on: November 01, 2017, 09:18:49 AM »
Bank ATMs don't cost anything.
that might be true while TD charges per transaction.
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Offline Emkay

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #57 on: November 01, 2017, 09:19:55 AM »
that might be true while TD charges per transaction. I'm at the Google
Not only is TD premier free, they also refund you if the ATM happens to charge.

Offline myi

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #58 on: November 01, 2017, 09:35:40 AM »
Not only is TD premier free, they also refund you if the ATM happens to charge.
okay thanks for that info regarding a premier but what about a regular student checking account?
  I'll work on getting that account upgraded but he needs the money as of now so I'm going to tell him to take it out at the ATM or in the bank?
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Offline myi

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Re: Whats the best way to send money to a bochur learning in Israel.
« Reply #59 on: November 01, 2017, 04:18:07 PM »
If one needs to take out a large sum of money any of you by any chance know what the max that you can take out from an ATM in Bank happoalem?
I know forsure 1000 shekal.
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