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How much money can be transferred to a foreign country within a day?
Within a day maximum of $ 1,000 or its equivalent can be transferred (exception: by providing documentary evidence of 1st degree relationship with the receiver bigger amounts can be transferred. Example: Parents can send funds to their children by providing birth certificates).
Is it necessary to open an account in order to make a transfer?
Amounts up to $ 1,000 are transferred on behalf of the sender without opening an account. In order to transfer bigger amounts opening of an account is necessary.

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