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If I wanted to transfer over $1 million abroad (say, to purchase property), how much of a delay can I expect.?
Are there any fees or taxes that I should be aware of when transferring large sums of money abroad?
Yes, there may be fees charged by the banks or other financial institutions involved in the transfer, as well as taxes that may be due in the sending or receiving country. It's important to understand these fees and taxes upfront and factor them into your overall cost for the transfer. Additionally, you may want to consult with a financial advisor or tax professional to ensure compliance with any regulations regarding international money transfers.