How much money can be transferred to a foreign country within a day?
Within a day maximum of $ 1,000 can be transferred (exception: by providing documentary evidence of 1st degree relationship with the receiver bigger amounts can be transferred. Ex. 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. In order to transfer bigger amounts opening of an account is necessary.