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urgent i need help with my USD

Travel Forums General Talk urgent i need help with my USD

1. Posted by burty (Budding Member 2 posts) 12y

G,day Everybody

I need Urgent help with my Money I mean i,m leaving ukraine soon and i have over $5000 USD in the bank but according to Ukraine banks laws I,m not allowed to send more than $600 USD per month to any overseas bank accounts, Currently i have a bank account in Australia and am only allow to carry $1000 USD on the plane when i leav Ukraine can anyone help me with advice on how i can send my asset to asutralia without restrictions ?? this is Urgent and yes Ukraine has stupid laws so please any little advice i will really really appericate


2. Posted by james (Travel Guru 4136 posts) 12y

I HATE governments, or anyone else, telling people what they can do with their own money.

Anyway, at the least you can take USD 1,000 on the plane and send USD600 at the same time to the Australian bank.

Alternatively, you may be able to add some (or all) of your money to your credit card. That way, when you go overseas you can simply use your credit card until the balance reaches zero. It might help if you have a credit card at the same bank that you have your account at.

Another thought is to convert the amount to travellers cheques, and take those overseas and convert them when you arrive.

Sorry, that's all I can think of.

3. Posted by Peter (Admin 5847 posts) 12y

Hi Burty,

That is a crazy rule! I think James' suggestion of Traveller's cheques might be the best idea if they'll let you do that. The credit card would also be an option, although not as safe. If you don't have a credit card, you may also be able to buy some 'Visa Money', which is basically a Debit Card, although still using the Visa system. Not sure if they have the systems set up in Ukraine for it though, as it is kind of a newish product.


4. Posted by gordonC (Full Member 17 posts) 12y

I've often wondered how anyone can know how much cash you are actually carrying - for example, you can't fly into the states with more than $10,000 cash on you - surely you could have that on you without being so conspicuous... $5,000 in 100 dolalr bills is maybe a stack about 5cm thick - you could practically carry that in your pocket(s)


5. Posted by Hien (Moderator 3906 posts) 12y

Hi Jollyswagman,

I think you should check with the authorities first to see if travellers' cheques are not considered "cash" and are allowed to be carried out of the country in any amount. With that huge amount of money, it's better not to take the risk in having it confiscated.

Quoting burty

... according to Ukraine banks laws I,m not allowed to send more than $600 USD per month to any overseas bank accounts. ...

BTW, is there any HSBC, Citibank, or any other Australian bank branches there? If there is, open an account and deposit all your money there. Once you're back in Australia, withdraw the money and close the account. But I'm not sure if doing so is considered sending money to an overseas account. Check with your bank. ;)


6. Posted by Girlaway (Budding Member 11 posts) 12y

well in the worst case, stack some in your suitcase and hope for the best

Good Luck !

7. Posted by Peter (Admin 5847 posts) 12y

I'm not so sure that smuggling the currency is the best solution here

They do spot checks on bags and I wouldn't be risking the chance that they find it and you end up caught out. You are meant to declare such things and if you aren't honest, you can get in some serious trouble! As Hien says, check that traveller's cheques aren't considered currency - they probably are actually. Your best option is probably to talk to the bank about it!

Would you be allowed to withdraw cash from Australia from your Ukrainian bank without those same limits? It's not transferring to an overseas bank account - providing your bank has Maestro/Cirrus (which most do these days), this would be a fairly simple option. There may be some daily limits on withdrawals like that, but usually it's a bit more lenient than $600/month - my bank lets me take out about that per day using an ATM.


8. Posted by dabones (First Time Poster 1 posts) 12y

Hrmm.. how about a Credit card? or writing yourself a cheque. i fyou write yourself a cheque, you should be able to take out as much as the cheque is writen for.. it' dbe like you are paying a bill...