Question posted by Wjburrow on October 3rd, 2023

Wiring Funds

my wife and I are about to complete on our house sale in Lancashire. As we reside overseas, our account is in my name only. When the monies are transferred to this account, it's most likely both my wife and my name will appear on the transfer. Is this acceptable

Current Answers

Answer #1: Posted by SonuKumar on October 3rd, 2023 9:34 AM
This answer was accepted by the poster of the original question.
SonuKumar

Member since:
May 9th, 2021

Points: 16,617,800
1,110
points
Yes, it is acceptable for both your wife's and your name to appear on the transfer of the proceeds from the sale of your house in Lancashire to your overseas account.

This is because the transfer will be considered a joint transaction, even though your account is in your name only. This is because the proceeds from the sale of the house are considered to be jointly owned by you and your wife, even if the house is only in your name.

To ensure that there are no problems with the transfer, it is important to contact your bank in advance and let them know that the transfer will be in both of your names. You should also provide them with your wife's details, such as her full name, date of birth, and address.

Once the transfer has been completed, you and your wife will both be able to access the funds. You may want to consider opening a joint account in both of your names to make it easier to manage the funds.

Here are some additional things to keep in mind:

If you and your wife are not married, you may need to provide additional documentation to your bank, such as a copy of your cohabitation agreement.

If you are transferring the funds to a bank account in a different country, you may need to provide additional documentation to your bank, such as a copy of your passport and visa.

You may also need to pay taxes on the proceeds from the sale of your house. This will depend on the tax laws in the country where you live.

I hope this information is helpful. Please let me know if you have any other questions.


Please respond to my effort to provide you with the best possible solution by using the "Acceptable Solution" and/or the "Helpful" buttons when the answer has proven to be helpful.

Regards,
Sonu
Your search handyman for all e-support needs!!

Similar Questions

Transfer
i need to transfer money to a NEW payee but do not have a card reader. How do i transfer?
(Posted by weikay798 10 years ago)
Who Is The Manager Forien Operation/wire Transfer Department
I want to know who is transfer manager foreign operation/wire transfer department of royal bank of s...
(Posted by victoralda 11 years ago)
Foreign Operation/wire Transfer Dept
hello am andre from south africa and d'like to konw foreign operation/ wire transfer dept details. p...
(Posted by andrekanusha 12 years ago)
Ask a New Question
Use the box below to post a new question about RBS.
Points & Prizes
  • You can earn points for nearly everything you do on HelpOwl.com
  • You can trade in those points for gift cards at leading retailers such as Amazon.com and Walmart
  • It's that simple!
See How it Works
Create a Free Account

RBS Reviews

View thousands of RBS user reviews and customer ratings available at ReviewOwl.com.

Contact Information

Complete RBS customer service contact information including steps to reach representatives, hours of operation, customer support links and more from ContactHelp.com.

Scoreboard Ratings

See detailed RBS customer service rankings, employee comments and much more from our sister site.