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I have inherited property in Ecuador but I live in the US and will be selling this property. I need to know how I can possibly wire transfer the funds from Ecuador to my bank here without opening a bank account in Ecuador? Would you advise the buyer to deposit the funds directly in my US account? We are talking over $500,000 How can I legally get cash out of that country into this one with minimal costs?
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Why can't the buyer pay by a wire to you here? There is no USA rule that prevents that from happening. If there is an Ecuador law, then that is different. If a bank in Ecuador has a field office in NYC, ask them.
Answered on Sep 22nd, 2016 at 3:10 PM