How to transfer money?? Just wondering about you guys with foreign bank accounts – how do you transfer money to the account without a paper trail??? I assume if you write a U.S. check or wire the $$ and you get audited they could pick it up if the IRS supeonas your checking account..And also aren’t foreign transfers over $10,000 red flagged and reported to the governent??
Also do you report on your taxes that you have a foreign account??
Is it really worth it since you usually don’t get interest abroad so basically you are making a currency play and losing out on a guarrenteed 4.5% money market interest rate… would need to make more than that % in currency gains to make it worth while…..
