:red_circle: Hello people, <@UCQEYLY8Y> here is fa...
# tribec
calm-grass-85557
09/12/2018, 11:25 AM🔴 Hello people, @miniature-controller-60808 here is facing issue with receiving dollars on his Indian bank account. He says there are many formalities which need to be fulfilled before receiving money from abroad. Concerned bank is ICICI which asked him to get a current account.
Have you faced such issues before ? 🤔
And how did you work around them ?? 🏦
calm-grass-85557
09/12/2018, 11:49 AMNever faced this problem when receiving payment in USD from Upwork once or in SGD from a client
s
swift-pilot-25722
09/12/2018, 4:56 PMNever faced this issue for ICICI savings account while receiving money from Upwork (direct to bank) or Transferwise (Direct to bank)
Not sure what his problem is? Can you explain properly the source of money and which tools are being used here?
swift-pilot-25722
09/12/2018, 4:56 PMEven paypal, Payoneer worked fine with ICICI account
c
calm-grass-85557
09/13/2018, 6:06 AMHey @miniature-controller-60808 can you share some more details here ?
m
miniature-controller-60808
09/13/2018, 6:09 AMyeah so I asked my client to do wire transfer in USD in my savings icici bank account
miniature-controller-60808
09/13/2018, 6:10 AMand then first time ICICI accepted and asked me not to do any more business transactions in savings account. even in first time I had t fill submit many documents in bank to get it credited to my savings account
miniature-controller-60808
09/13/2018, 6:14 AMand I had to open a current account for oversees payments and that requires me to open a registered proprietor or private firm.
c
calm-grass-85557
09/13/2018, 2:33 PM@miniature-controller-60808 Have a look here, might help you find some alternatives -> https://www.reddit.com/r/india/comments/8ttrl6/freelancers_of_india_how_do_you_get_paid/
m
miniature-controller-60808
09/14/2018, 5:48 AMyeah, just checked out. Transferwise looks promising. they have less transaction fees and FX rates.