Open discussion - recommended conversion companies

Open discussion - recommended conversion companies

Open discussion - recommended conversion companies

 

Discussion about converting dollars and converting companies recommended

Link to the original post in the United States Real Estate Forum on Facebook - Works on a desktop computer (To view the post must be members approved for the forum)

The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion

  • In short, horizons are not much more expensive than ClearShift but are more cumbersome. Their conversion rate is the transfer rate which is of course above the representative rate (to remind you clarity shift employees will convert + 0.5% of the total amount), I asked them a sample transfer that they made about 10 minutes ago and compared to the representative rate, it turned out that the difference is 1.83 $ 100,000 will pay NIS 1830 + a transfer fee of around $ 40, which is nearly NIS 2000. In ClearShift you will pay about NIS 1790 for the same transfer amount, ie 200 NIS less. But the bigger problem is that they require before the transfer that you bring a tax withholding tax for the transfer of large sums that cost you half a day off in the tax authorities. ClearShift works in conjunction with the tax authority and does not require it from you. Hope the information helps you make a decision.
  • As a result, I will continue to work with ClearShip
  • By the way, I checked with horizons about conversion and transfer, more expensive than ClearShift. Anyone who wants details can contact me in private, unless Lior doesn't mind sharing the information ...
  • The advantage is in transferring in Kobersi that you do not need an income tax certificate.
  • interesting. Then they leave the shekel converted in Israel and transfer US dollars in parallel. They need to work with serious foreign exchange reserves
  • Yes. Google will do them. There is quite a bit of information.
  • I made a transfer through them after being cut off from the IRS and going there more than once for every transfer.
  • ClearShift - Currency Exchange Online
  • What about toprate? Anyone hear or know?
  • Has anyone tried Interactive Brokers?
  • Ofakim does not say that after a transfer to an account in the sand, there is another $ 30 that the customer pays a transfer fee from their bank in Israel to the bank of the US customer
  • So what is the conclusion from the discussion? Who is the best and most recommended company?
  • No longer need tax clearance in the income
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Responses

  1. In short, Horizons are not much more expensive than Clearshift but they are more cumbersome. Their conversion rate is the transfer rate, which is of course above the representative rate (to remind you, Clearshift works according to the conversion to the Yitzig rate + 0.5% of the total amount), I asked them for an example of the transfer they did about 10 minutes ago and I compared it to the representative rate, it turned out that the difference between them is 1.83 AJ, that is, in the transfer of 100,000 dollars you will pay 1830 NIS + a transfer fee of around 40 dollars, that is almost 2000 NIS. In Clearshift you will pay for the same transfer amount about 1790 NIS, that is 200 NIS less. But the bigger problem is that they require before the transfer that you get a withholding tax deduction from the income tax for the transfer of large amounts which costs you half a day off spending time with the tax authorities. Clearshift work in cooperation with the tax authority and do not require it from you. Hope the information helps you make a decision.