Excellent and very interesting Topic ! My wife and I use to travel to the Philippines to visit her family frequently before the virus hit. It’s best to know all the money rules before you go . Customs can be a very confusing place in Manila. Thanks for the video, another excellent job !
It's amazing learning new things. This adds up to my confidence in life. I appreciate the time and effort in making this video. I hope you have a nice day, good sir.
Thank you for the video, super informative! Maybe I missed it, but where is the best place to store a large sum of cash while travelling? Is it unadvisable to keep it in a carry-on? Should I try to keep it on my person at all times?
Great Video. I used to travel all over the world but glad I don't need to anymore. Credit cards and currency exchange was my vehicle for purchases. I travel 100 miles a day for work now and would like to bring it down to 25 and less as I get older. One thing I was reviewing was bringing silver or gold coins with me across borders. If it is 24kt gold, Canada allows it to move freely but anything less and there is a tax. As you mentioned, America allows you to bring $10K of currency and it was my understanding I can carry 10,000 $1 American Eagles on the trip ($10K face value) however, the destination country may have a different treatment to the silver currency. I never found an answer. So I though Canadian maple leaf gold, American Buffs, AGEs and, ASEs was a good means to travel with other funds within the law. Interesting video. The only issue with crypto is once it is moved and converted, a taxable events occurs. Please continue the great work.
Hey Ken - thanks for watching. Gold bullion is usually allowed to cross border duty free under the condition you declare. I will look into Canada and the 24k rule. As for Crypto - you definitely have to be careful with the taxes as they apply in the country you send to or sell in - that's a mighty good point! My assumption here is that you don't make any profits therefore there are no gains to tax.
Great video mate, but what about if you travel with large family. How much does each person can carry with them? Or 10k per family not per person? Thank you in advance mate
You get counted as one group - so splitting the money with your wife or kids (if you are still their guardian) does not exempt you from declaring the money.
Have you any expirence of traveling with say 5k in cash? If so how was you treated at customs and was the process smooth? Was you let through ok? Great video sir.
I've heard in some foreign countries when a person is carrying a large sum of money that an agent will relay a description of them to someone on the outside to relieve them of their stash. Have you heard of this happening?
Great, thank you so much for the information. I have a question, though. I loaned someone money from my inheritance a while ago, and they just paid me back. It's less than $10,000, so I don't need to declare it. However, if the airport asks, the only proof I have is the bank withdrawal receipt and the deposit from my friend. Should I be worried about this? By the way, I'm traveling to a country with a poor exchange rate. if I use international banking, Western Union, or other channels, I'll lose a lot of money compared to taking cash. Thank you so much 🙂
As long as you've done your due diligence on the declaration amount there should be no issue. Always good to double check with your destination's customs website to make sure.
I'm traveling next month to country on US dollar. and is CASH based. Very few places accept even debit cards.ATM's are redily available but with petty crime on the rise, Once there I'm going to have to develop a strategy to safely withdraw. Question: $10,000 . or less, cash, I dont have to declare, correct ? Its over 10,000. Going into foreign country (and $10,000 is number I've heard) if under I dont have to declare, correct??? Its over 10,000. going and coming. Tks in advance for clarifying. I'm traveling to Ecuador. e
This will help you: travel.state.gov/content/travel/en/international-travel/International-Travel-Country-Information-Pages/Ecuador.html#:~:text=Travelers%20must%20declare%20currency%20in,out%20of%20Ecuador%20above%20%241200.00.
What they dont mention are gold coins. The one ounce American gold eagle is great. At $1900 value per coin (currently), you can carry many without worry. The coins can easily be sold for cash anywhere in the world.
That would be incorrect! You have to declare gold and silver bullion at the border based on value. Not doing so puts you at risk of paying fines or having your metals confiscated.
Thanks. You didn't mention going through airport security, since you cannot wear a money belt. Putting the cash on the conveyor belt while you get tied up with TSA in the xray machine puts your money at risk of being stolen. To me, this risk is valid, no matter what amount -- $500, $1000, etc. Any suggestions?
@@baldguymoneyofficialThanks for your reply. If traveling alone, there are no witnesses, and I cannot be watching if tied up with TSA agent at the 360 degree xray machine. I was once detained after the xray machine due to a plastic comb in my pocket, which required either wanding or frisking, all of which kept me from watching my items on the conveyor belt. So I think it's a big risk to leave a large sum sitting out in a tray on a conveyor belt for anyone to take.
Hey Bald guy-you should tell people to check the arrangements for any country they maybe transiting through. If they leave any secure area maybe for a hotel then they have to follow that country's rules too!
Thank you so much that is very helpful. I've seen in the news where some people were going through and they didn't report it with TSA So now I understand why it would be confiscated because they need to be able to prove cash😊👍
So I am leaving the US with $9,500 so I don't have to declare it. But the country I have a layover in Vietnam and their limit is $5,000 or more. Do I still need to fill out a form? My final destination (Thailand) allows $20,000 into the country without being delcared.
Your best check with Vietnamese customs - my understanding is you’re ok as long as you’re not entering Vietnam (staying at the airport) - but please double check with Vietnamese customs.
What about a video on travelling with gold coins? In particular how are the limits calculated - from weight and spot price or the value printed on the coin (I am thinking of brittanias here with a face value of £100 - how many could I legally take out of the UK?). NB: I have receipts for all the coin purchases so everything is above board.
Last trip through TSA my carryon was whisked away out of my sight with a large sum of money. This upcoming trip I'll be traveling with $10,000 to a foreign country. How do I keep my eyes and preferably hands on it going through the screening process?
I hope I didn't miss this, but are you saying that you can carry as much gold, silver, or cash as long as you carry documentation as to how you obtained it? I don't have anything that you mentioned. I would have to print bank and brokerage statements to show that I had the money and then the receipts for any precious metals purchases, which I have kept thankfully. Do you think that would suffice? I think you are in a very good place right now. The western world is about to experience severe pain. One more thing; you said in a video that we could reach out to you via email, but I didn't see that listed anywhere. I'm a bit guarded on what I say in the comment section.
Hi - I am also on Twitter (@baldguymoney) & Instagram (@bald_guy_money). As far as travelling with the documents you mentioned, it should suffice (but I always recommend calling customs before you travel to confirm - they are usually helpful). In addition to that if you have any proof of employment or income statements, even tax filings if you are travelling with a large amount of money - it all helps! And these are usually public documents anyway so you are not compromising privacy by sharing them with the authorities.
Hello... I am a non US citizen and want to ask about if I gain a big lottery jackpot in US (US MegaBall) and want to bring in cash US$500.000,00 to Japan? What's the procedure? Where to go before leaving the US? What kind of documents should I present? Thank you in advance for your answer.
Glad I found your channel🙂. I'm from the UK. Will go to Philippines 🇵🇭 to sell my house there. On my way back to the UK, is it possible to carry the pesos with me, or should I buy sterling pounds first, before bringing it to the UK 🇬🇧? It's just that buying sterling pounds with my pesos, I will lose a lot. It's worth £50k, but in pesos I'm planning to carry. I can provide proof on where the money came from. Is that possible? Many thanks 😊
Hi Isay - there are restriction on entering and leaving Philippines with Pesos - you should contact Philippine customs to be 100% sure. Travelling with pound sterling should be ok - but please consult both British & Philippine customs before doing anything, Cheers! Wishing you successful sale.
I am trying to leave UK for all time and traveling to Europe. I will have with me more then £10k and three Rolex watches (total worth of watches around £30k). do I must declare my watches too, or this totally legal to traveling with?
Yes! You must declare them. Watches are seen as liquid meaning easily convertible to money. Also they will want to prove they are not new requiring customs payments. Best to be open with them and show them what you have. You should have no problems.
@@baldguymoneyofficial so how I must to declare thise watches? To bring with me boxes and papers? Or jus need recieve? And where do I must to declare it? On checking point or special place? Never have done this.
Have box and papers with you - you declare them at customs. Somebody at the airport can point you in the right direction once you say you have things to declare.
You can call them and ask. Shouldn't take long. Just google UK customs and your destination customs. They have numbers and will answer all your questions.
Hi Kavell! Very nice to see you in the comments. My kids are big basketball fans (they also play in leagues) and whenever we are home in Poland we always go to see the Polish league. I would love to see you play for Legia in Warsaw some day. As for traveling to the UK with money - I recently covered this in a viewer question - your contract should be more than enough to prove source of funds (also please keep your bank withdrawal slips as I said in the video) - here is a link to everything you need to know about going to the UK and leaving the UK with more than 10k pound sterling: www.gov.uk/bringing-cash-into-uk
By the way - I see you're plating with Fort Wayne now - when leaving the USA, please remember to declare your money with you while leaving! This is a common mistake people make as they think they only need to declare when arriving.
I want to bring $30,000-$50,000 USD to Mexico to purchase jewelry. Is this safe to declare in Mexico? Can they harass or threaten you for carrying so much? I once brought $54k into India and no problems. I just get nervous doing this. All my funds are legit, I pay taxes and own a business
Hi Glenn - I would check directly with customs before making the trip just to be certain that it won't be an issue when declaring it. It's usually just a quick telephone call and it might save you a lot of trouble.
I have question I am traveling internationally with kids all of them under 10 years old is that possible to let everyone of them to carry $10000? Thanks
Hi Moh! A family unit counts as 1 person - therefore you will have to declare. Please be sure to familiarize yourself with the rule of declaration for leaving your country as well as the country you are travelling to before traveling. Also please remember that declaring money isn't really such a big deal - it may take 30 to 40 minutes of your time but it could save you a lot of pain. Cheers brother.
How about carrying large amount for domestic flights in philippines? My friend wanted some answers because he will be travelling from Manila to Cebu with large amount of money in peso
Here's a great link that I think can help - I also think it's a good idea to contact Philippines Customs; www.gov.uk/foreign-travel-advice/philippines/money#:~:text=You%20can%20bring%20up%20to,from%20the%20Philippines%20Central%20Bank.
sir fOR example, i had 1000 us dollars but im here in saudi arabia and i want to bring it in philippines . Is it posSible that i can bring it in philippines ?
Hi! Thank you for watching my video. I live in Dubai and travel to Saudi very often. Here is a link to the page for the Embassy of Philippines that says you can bring up to $10 000 in foreign currency into the country with you when travelling (it also says if you travel with Philippines Pesos you can only bring 50 000 - so better to keep it in US Dollars I think): www.philippine-embassy.org.sg/travel-advisories/bringing-currency-into-the-philippines/#:~:text=A%20person%20may%20carry%20up,and%20out%20of%20the%20Philippines. Please check the link and read everything there. It is also a good idea to call you embassy or Philippines Customs to confirm before you travel. All the best!
So you're saying once I declared the money here I have to declare the money in Philippines when I arrive about that seems weird even if I have the receipt order form saying that I declare the money I still got to declare in Philippines really wow that's a surge
Hey Vilma - I know it's a frustrating process but it has to be done. If you fail to declare your money, it can be taken away. Please see my response to your other comment with full details on what you have to do to get your money into Philippines.
I am not sure what a FOREX Card is - is that a type of credit card with money preloaded on it? Credit Cards / Debit Cards do not have to be declared - only physical cash and valuables.
For basically all countries you have to declare the gold when entering / leaving and most countries do not require duty to be paid on gold as long as it is your personal property. Always best to check the Customs website of the specific country you are travelling to and from as a precaution.
@@baldguymoneyofficial Ok, same idea for me. I heard that gold coins are ok, but bars are considered as a commercial import. I was planning to get about 4oz of gold coins to carry as emergency funds (just over $10k) but would the same in bars be risky?
For most countries yes. I don't know where you're travelling so please make sure to check the Customs pages for the country you are leaving and entering - but in general less than $10k is fine.
@@baldguymoneyofficial going to France , I'm trying to take 8 or 9k with me , I was asking someone today and he said that I don't need to take a recipe from bank to approve it , plus I can use my card there , it's a lot of rules after this covid virus. Thanks for responding and keep up the good work because you do have a good way to explain these subjects.
I am saying that you don’t have to legally declare it and it cannot be taken if you do not declare. That said, you have to check the customs site for the countries you are leaving and traveling to.
@@baldguymoneyofficial thanks for a quick reply,i dont travel often,ive just seen a video of uk customs nearly taking a mans $5000 but they decided to let him through,the narator said that uk customs can take any money over £1000 if they think its from or for criminal proceedings
You did not mention the danger of civil asset forfeiture in the US. Even with proper documentation authorities can still confiscate your cash for no reason whatsoever.
You can live in fear and stay at home forever or you can learn from the experience of people like me and get out there and do things and live. The choice is yours man. Wishing you all the best.
@@baldguymoneyofficial Who live in fear? Who stays home? I'm just pointing out that there are smarter ways to travel than just carring a bunch of cash around
If confiscation is the penalty for not declaring the money - no party who is half way intelligent should ever carry these amounts over the border. Sending money is quite easy in other ways. Simply withdraw if from an institution once you arrive, of have it sent by a professional delivery service.
Sending money in other ways can be very expensive. For example, Western Union charges high fees to send money. Taking it on your persons is usually done to avoid paying those fees and sometimes out of necessity. It's important people know that they can usually take more than $10 000 if needed.
I know it sounds funny but what happened if you want the Powerball New York you win millions of dollars you going to another country and you withdraw $10,000 out of your back and you take your picture of receipt and you tell him you're not working you won the lottery and you show proof that you won the lottery what will happen next please reply back to me thank you and by the way your videos awesome
Hi Vilma - because the transaction is done via electronic and traceable banking channels there is no problem to do this. These traveling rules apply to cash and paper assets. I hope that answers your question. All the best!
You didn't mention the biggest problem-Civil Asset Forfifture. These Govt thugs can arbitrarily decide that since you're carrying a large ammouunt of cash, you must be a criminal & they just confiscate it. No trial, no due process, no conviction, etc. Good luck on getting it back. It will take years plus legal fees. H9rror stories abound.
There are horror stories - in my opinion it is anecdotal. There are people who abuse power but it’s kind of like getting hit by lightning. It’s rare. Just like land seizure. Appreciate your comment! Cheers.
If this happens to you contact Institute for Justice. This foundation is actively fighting civil asset forfeiture across the US and may take your case for free.
Husband and wife in most countries get counted combined. that said - you can always call the country's customs telephone line (most countries have one) and get clarification.
$10,000 is absurd. I’d rather fly with $100k on me than declare it & put it public by people who can only afford to live in their cars. Also. A family of 5 You ain’t making it on a 2 week vacation with that little money.
This is silly. Unless you are MOVING to a new country just use your credit card when buying things in foreign countries while travelling. Transfer money onto your credit card before you go in terms of your expected budget needed for your trip. Credit cards have the best forex rate I find…certainly better than any foreign exchange desk you find at airports, etc. Credit cards are also universally accepted at ANY vendor globally who takes MasterCard or Visa (ie practically everyone). Assuming you pay your CC off every month and aren’t paying interest this is the best way to go…plus you earn your reward/airpoints, etc! If you need cash just look at the back of your bank/credit card..if it has an international plus+ sign or Cirrus logo you can use it at virtually any overseas ATM to get cash in the local currency. As there are per transaction fees the best thing is to take out as much cash as you need for that country/currency in as few withdrawals as possible (ie a few large withdrawals over many small ones). Yes there are some small transaction fees this way, but it’s the forex rates that any foreign exchange desk will rip your eyes out on. Most ppl don’t do the math when using these services and end up paying way more to exchange physical cash either overseas or at home before you go. Using your own credit card and bank card wisely have worked best for me when travelling. Using the cash for smaller transactions and the credit card for larger purchases. More and more places aren’t even accepting cash these days and obviously a credit or bank card is a lot more secure from theft than a pocket full of cash in a country you don’t know well. Finally bit disappointed for a gold guy you didn’t touch on moving money in this way: If gold/silver coins have a govt monetary value stamped on them (ie $50 USD on a 1oz gold eagle) I believe it is the govt monetary value of the coin ($50 USD) RATHER than the market price of the metal (currently $1720 USD/ounce) that is taken into account in that $10,000 USD calculation! I.e. you could then take 200 x 1 oz gold eagles (or 199 of them technically to keep you under the $10k USD monetary limit BUT in actual fact you are really moving 199oz x $1720 USD = $342,280 USD in metal VALUE! I’m not 100% sure on this but I think there is a reason why the MONETARY $ value on gold/silver coins hasn’t been updated in a VERY long time. Perhaps a loop hole for the wealthy or secret govt entities to move money around as opposed to “currency”? Gold/silver being “money” and all other fiat $ being “currency” of course! This would make for a much more interesting topic for a video IMHO!
This video is not about travelling on vacation - there are many people in the world who live in foreign countries and want to travel back to their home countries with large amounts of cash to deposit in the bank. I understand that you may not be in that situation, but please understand there are many people (including myself) who live in that reality.
Fair enough but still think the conversation about gold coins etc with a govt monetary value printed on them (ie $50 USD for 1oz gold eagle) vs actual metal value would make for an interesting video in terms of that $10k limit when travelling.
The country I live in is basically a cash society. No plumbers, contractors accept credit cards or businesses to buy building supplies in the smaller cities.Lumber, sand, concrete ,doors, windows all cash.. I've never stayed at a hotel or eaten in a restaurant that accepts credit cards. I'm sure the more expensive businesses in the bigger cities accept them. The closest ATM to me is 4 hours away and any holidays which is often your lucky to withdraw $150 a day. Makes accumulating large amounts of cash to build difficult. I much prefer paying with a credit card for many of the reasons you gave but that's just not possible.
Second vote for a video on traveling with precious metals
Excellent and very interesting Topic !
My wife and I use to travel to the Philippines to visit her family frequently before the virus hit. It’s best to know all the money rules before you go . Customs can be a very confusing place in Manila.
Thanks for the video, another excellent job !
Philippines! Many Pinoi & Pinai in Dubai! Lovely people with a song in their soul. Thanks for watching and commenting.
It's amazing learning new things. This adds up to my confidence in life. I appreciate the time and effort in making this video. I hope you have a nice day, good sir.
Thank you for the video, super informative! Maybe I missed it, but where is the best place to store a large sum of cash while travelling? Is it unadvisable to keep it in a carry-on? Should I try to keep it on my person at all times?
Keep it on you at all times! Safety is key!
Great Video. I used to travel all over the world but glad I don't need to anymore. Credit cards and currency exchange was my vehicle for purchases. I travel 100 miles a day for work now and would like to bring it down to 25 and less as I get older. One thing I was reviewing was bringing silver or gold coins with me across borders. If it is 24kt gold, Canada allows it to move freely but anything less and there is a tax. As you mentioned, America allows you to bring $10K of currency and it was my understanding I can carry 10,000 $1 American Eagles on the trip ($10K face value) however, the destination country may have a different treatment to the silver currency. I never found an answer. So I though Canadian maple leaf gold, American Buffs, AGEs and, ASEs was a good means to travel with other funds within the law. Interesting video. The only issue with crypto is once it is moved and converted, a taxable events occurs. Please continue the great work.
Hey Ken - thanks for watching. Gold bullion is usually allowed to cross border duty free under the condition you declare. I will look into Canada and the 24k rule. As for Crypto - you definitely have to be careful with the taxes as they apply in the country you send to or sell in - that's a mighty good point! My assumption here is that you don't make any profits therefore there are no gains to tax.
Great video mate, but what about if you travel with large family. How much does each person can carry with them? Or 10k per family not per person? Thank you in advance mate
You get counted as one group - so splitting the money with your wife or kids (if you are still their guardian) does not exempt you from declaring the money.
Have you any expirence of traveling with say 5k in cash? If so how was you treated at customs and was the process smooth? Was you let through ok? Great video sir.
I have traveled with more than $100k. I am always open and transparent and have been treated well.
@@baldguymoneyofficial Having declared 100K + what happens? Do they just let you be on your way or do they tax/take a fee over the 10k limit?
Great video, do you offer any one on one advice please
Please check out my Patreon: www.patreon.com/user?u=85209064
I've heard in some foreign countries when a person is carrying a large sum of money that an agent will relay a description of them to someone on the outside to relieve them of their stash. Have you heard of this happening?
I’ve heard this before. I have no way to verify if it’s true or just an urban legend. I have traveled the world and never had a problem.
Same here but I have never carried a large sum of money.
Great, thank you so much for the information. I have a question, though. I loaned someone money from my inheritance a while ago, and they just paid me back. It's less than $10,000, so I don't need to declare it. However, if the airport asks, the only proof I have is the bank withdrawal receipt and the deposit from my friend. Should I be worried about this?
By the way, I'm traveling to a country with a poor exchange rate. if I use international banking, Western Union, or other channels, I'll lose a lot of money compared to taking cash. Thank you so much 🙂
As long as you've done your due diligence on the declaration amount there should be no issue. Always good to double check with your destination's customs website to make sure.
I'm traveling next month to country on US dollar. and is CASH based. Very few places accept even debit cards.ATM's are redily available but with petty crime on the rise, Once there I'm going to have to develop a strategy to safely withdraw. Question: $10,000 . or less, cash, I dont have to declare, correct ? Its over 10,000. Going into foreign country (and $10,000 is number I've heard) if under I dont have to declare, correct???
Its over 10,000. going and coming. Tks in advance for clarifying. I'm traveling to Ecuador.
e
This will help you: travel.state.gov/content/travel/en/international-travel/International-Travel-Country-Information-Pages/Ecuador.html#:~:text=Travelers%20must%20declare%20currency%20in,out%20of%20Ecuador%20above%20%241200.00.
What they dont mention are gold coins. The one ounce American gold eagle is great. At $1900 value per coin (currently), you can carry many without worry. The coins can easily be sold for cash anywhere in the world.
That would be incorrect! You have to declare gold and silver bullion at the border based on value. Not doing so puts you at risk of paying fines or having your metals confiscated.
@@baldguymoneyofficial ive traveled through many international airports and never been given a second look :)
Then you’ve been lucky.
Thanks. You didn't mention going through airport security, since you cannot wear a money belt. Putting the cash on the conveyor belt while you get tied up with TSA in the xray machine puts your money at risk of being stolen. To me, this risk is valid, no matter what amount -- $500, $1000, etc. Any suggestions?
Take it before - announce how much is there and let it be known. Make sure they know you’re watching them and that you have witnesses.
@@baldguymoneyofficialThanks for your reply. If traveling alone, there are no witnesses, and I cannot be watching if tied up with TSA agent at the 360 degree xray machine. I was once detained after the xray machine due to a plastic comb in my pocket, which required either wanding or frisking, all of which kept me from watching my items on the conveyor belt. So I think it's a big risk to leave a large sum sitting out in a tray on a conveyor belt for anyone to take.
Hey Bald guy-you should tell people to check the arrangements for any country they maybe transiting through. If they leave any secure area maybe for a hotel then they have to follow that country's rules too!
Sure - not a bad point at all. Thanks for the coment.
Thank you so much that is very helpful. I've seen in the news where some people were going through and they didn't report it with TSA
So now I understand why it would be confiscated because they need to be able to prove cash😊👍
It's really simple - report it! It's not the end of the world.
So I am leaving the US with $9,500 so I don't have to declare it. But the country I have a layover in Vietnam and their limit is $5,000 or more. Do I still need to fill out a form? My final destination (Thailand) allows $20,000 into the country without being delcared.
Your best check with Vietnamese customs - my understanding is you’re ok as long as you’re not entering Vietnam (staying at the airport) - but please double check with Vietnamese customs.
What about a video on travelling with gold coins? In particular how are the limits calculated - from weight and spot price or the value printed on the coin (I am thinking of brittanias here with a face value of £100 - how many could I legally take out of the UK?). NB: I have receipts for all the coin purchases so everything is above board.
I should probably do it. It will require some more research though. Cheers.
thanks for the video !!The 10.000.00 is for family or each person????
Yes. But if you’re traveling as a family you all count as one. It stinks.
Last trip through TSA my carryon was whisked away out of my sight with a large sum of money. This upcoming trip I'll be traveling with $10,000 to a foreign country. How do I keep my eyes and preferably hands on it going through the screening process?
Keep it on yourself is the best way to do it.
I can go through the screening process wearing a money belt?
Or put it in your pocket. You can always speak to the people working at the airport and let them know what’s going on.
I hope I didn't miss this, but are you saying that you can carry as much gold, silver, or cash as long as you carry documentation as to how you obtained it? I don't have anything that you mentioned. I would have to print bank and brokerage statements to show that I had the money and then the receipts for any precious metals purchases, which I have kept thankfully. Do you think that would suffice? I think you are in a very good place right now. The western world is about to experience severe pain. One more thing; you said in a video that we could reach out to you via email, but I didn't see that listed anywhere. I'm a bit guarded on what I say in the comment section.
Hi - I am also on Twitter (@baldguymoney) & Instagram (@bald_guy_money). As far as travelling with the documents you mentioned, it should suffice (but I always recommend calling customs before you travel to confirm - they are usually helpful). In addition to that if you have any proof of employment or income statements, even tax filings if you are travelling with a large amount of money - it all helps! And these are usually public documents anyway so you are not compromising privacy by sharing them with the authorities.
Hello... I am a non US citizen and want to ask about if I gain a big lottery jackpot in US (US MegaBall) and want to bring in cash US$500.000,00 to Japan? What's the procedure? Where to go before leaving the US? What kind of documents should I present? Thank you in advance for your answer.
That's a little out of my area of expertise. If you end up winning, you'd better consult a good tax lawyer.
Glad I found your channel🙂. I'm from the UK. Will go to Philippines 🇵🇭 to sell my house there. On my way back to the UK, is it possible to carry the pesos with me, or should I buy sterling pounds first, before bringing it to the UK 🇬🇧? It's just that buying sterling pounds with my pesos, I will lose a lot. It's worth £50k, but in pesos I'm planning to carry. I can provide proof on where the money came from. Is that possible?
Many thanks 😊
Hi Isay - there are restriction on entering and leaving Philippines with Pesos - you should contact Philippine customs to be 100% sure. Travelling with pound sterling should be ok - but please consult both British & Philippine customs before doing anything, Cheers! Wishing you successful sale.
How did you manage to carry your currency? Can you please let us know?
I am trying to leave UK for all time and traveling to Europe. I will have with me more then £10k and three Rolex watches (total worth of watches around £30k). do I must declare my watches too, or this totally legal to traveling with?
Yes! You must declare them. Watches are seen as liquid meaning easily convertible to money. Also they will want to prove they are not new requiring customs payments. Best to be open with them and show them what you have. You should have no problems.
@@baldguymoneyofficial so how I must to declare thise watches? To bring with me boxes and papers? Or jus need recieve? And where do I must to declare it? On checking point or special place? Never have done this.
Have box and papers with you - you declare them at customs. Somebody at the airport can point you in the right direction once you say you have things to declare.
@@baldguymoneyofficial how long it takes to declare cash and three rolexes in airport?
You can call them and ask. Shouldn't take long. Just google UK customs and your destination customs. They have numbers and will answer all your questions.
What do the customs people do with the declaration information?
I’m not sure to be honest. Put it in a filing cabinet? As many times as I have done this - nobody ever came back and asked any questions..
I’m a professional athlete, so would my contract showing my month salary be suitable when declaring my money?
Hi Kavell! Very nice to see you in the comments. My kids are big basketball fans (they also play in leagues) and whenever we are home in Poland we always go to see the Polish league. I would love to see you play for Legia in Warsaw some day. As for traveling to the UK with money - I recently covered this in a viewer question - your contract should be more than enough to prove source of funds (also please keep your bank withdrawal slips as I said in the video) - here is a link to everything you need to know about going to the UK and leaving the UK with more than 10k pound sterling: www.gov.uk/bringing-cash-into-uk
By the way - I see you're plating with Fort Wayne now - when leaving the USA, please remember to declare your money with you while leaving! This is a common mistake people make as they think they only need to declare when arriving.
I have saved money over the course of 10 months. Should I print my bank statements to show the withdrawals?
Absolutely! Have as much documentation as possible.
what about this case? over 10k in precious metals stored on a private yacht and you want to anchor off the coast of a foreign nation. thx
Hi Super - definitely declare!
@@baldguymoneyofficial I could always melt them down into a second rudder
Hello sir Is it allow chochotte in hand bag? Pls ans
I’m sorry, I don’t understand.
What if I am traveling with my wife and we have 15 000 dollars, can I each travel with half of that amount without having to declare it?
Great question - you have to declare since you are treated by the law as a single unit.
Hi Sir, i just a curious as a traveling we mostly buy things pay by cash but how can i use debit card instead of cash?
You can just use it normally. And remember to always pay in your home currency so you don't pay FOREX fees.
I want to bring $30,000-$50,000 USD to Mexico to purchase jewelry. Is this safe to declare in Mexico? Can they harass or threaten you for carrying so much? I once brought $54k into India and no problems. I just get nervous doing this. All my funds are legit, I pay taxes and own a business
Hi Glenn - I would check directly with customs before making the trip just to be certain that it won't be an issue when declaring it. It's usually just a quick telephone call and it might save you a lot of trouble.
Glenn my dear, wish you all the best in your travels and businesses. Can I have a hundred bucks ?
I have question I am traveling internationally with kids all of them under 10 years old is that possible to let everyone of them to carry $10000? Thanks
Hi Moh! A family unit counts as 1 person - therefore you will have to declare. Please be sure to familiarize yourself with the rule of declaration for leaving your country as well as the country you are travelling to before traveling. Also please remember that declaring money isn't really such a big deal - it may take 30 to 40 minutes of your time but it could save you a lot of pain. Cheers brother.
How about carrying large amount for domestic flights in philippines? My friend wanted some answers because he will be travelling from Manila to Cebu with large amount of money in peso
Here's a great link that I think can help - I also think it's a good idea to contact Philippines Customs; www.gov.uk/foreign-travel-advice/philippines/money#:~:text=You%20can%20bring%20up%20to,from%20the%20Philippines%20Central%20Bank.
Great video! Btw I live in Dubai UAE (:
It’s great place. Say hi if you ever see me around.
How do you avoid corrupt customs or fed agents from using civil seizure ?
That’s out of my area of expertise.
sir fOR example, i had 1000 us dollars but im here in saudi arabia and i want to bring it in philippines . Is it posSible that i can bring it in philippines ?
Hi! Thank you for watching my video. I live in Dubai and travel to Saudi very often. Here is a link to the page for the Embassy of Philippines that says you can bring up to $10 000 in foreign currency into the country with you when travelling (it also says if you travel with Philippines Pesos you can only bring 50 000 - so better to keep it in US Dollars I think): www.philippine-embassy.org.sg/travel-advisories/bringing-currency-into-the-philippines/#:~:text=A%20person%20may%20carry%20up,and%20out%20of%20the%20Philippines.
Please check the link and read everything there. It is also a good idea to call you embassy or Philippines Customs to confirm before you travel. All the best!
What would customs do once you declare your money? Will they tax you or delay your flight?
You declare the money and enter the country. What gives you the idea that they would do the things you mentioned?
What would customs do once you declare your money? - These criminals will claim you did not declare it, and promptly confiscate it.
@@TM-tw1py is your comment based on experience or fear?
@@sarahdeshay1394 - Experience
How do you prove money if you sell some of your things ? It's not a job or business.
If you sell a car or a house you should save the contracts and bank transfer documents.
So you're saying once I declared the money here I have to declare the money in Philippines when I arrive about that seems weird even if I have the receipt order form saying that I declare the money I still got to declare in Philippines really wow that's a surge
Hey Vilma - I know it's a frustrating process but it has to be done. If you fail to declare your money, it can be taken away. Please see my response to your other comment with full details on what you have to do to get your money into Philippines.
Salute And Cheers To All Stackers
I am travelling to usa I had 8350 dollars in forex card and I am planning to take 2379 dollars in cash Is it okay It comes under the limit.
I am not sure what a FOREX Card is - is that a type of credit card with money preloaded on it? Credit Cards / Debit Cards do not have to be declared - only physical cash and valuables.
@@baldguymoneyofficial yes money was preloaded on it and thank you so much for the reply🙂🙂
What about sovereign gold or silver coins ????
For basically all countries you have to declare the gold when entering / leaving and most countries do not require duty to be paid on gold as long as it is your personal property. Always best to check the Customs website of the specific country you are travelling to and from as a precaution.
@@baldguymoneyofficial Ok, same idea for me. I heard that gold coins are ok, but bars are considered as a commercial import. I was planning to get about 4oz of gold coins to carry as emergency funds (just over $10k) but would the same in bars be risky?
i got more than 10,000 in my debit card. do you still need to declare it.
Hahahaha - no!
Very useful, thank you
Glad it was helpful!
So less than 10k is fine ,no need to document for it ?
For most countries yes. I don't know where you're travelling so please make sure to check the Customs pages for the country you are leaving and entering - but in general less than $10k is fine.
@@baldguymoneyofficial going to France , I'm trying to take 8 or 9k with me , I was asking someone today and he said that I don't need to take a recipe from bank to approve it , plus I can use my card there , it's a lot of rules after this covid virus. Thanks for responding and keep up the good work because you do have a good way to explain these subjects.
Hey Bald guy, your saying most countries wont ask any questions if you have $5,000 with no receipt or proof of how you earned it?
I am saying that you don’t have to legally declare it and it cannot be taken if you do not declare. That said, you have to check the customs site for the countries you are leaving and traveling to.
@@baldguymoneyofficial thanks for a quick reply,i dont travel often,ive just seen a video of uk customs nearly taking a mans $5000 but they decided to let him through,the narator said that uk customs can take any money over £1000 if they think its from or for criminal proceedings
Here are the official rules for the UK: www.gov.uk/bringing-cash-into-uk#:~:text=You%20must%20declare%20cash%20of,need%20to%20make%20a%20declaration.
no mention of gold, silver, watches, diamonds
It’s called “traveling with money” - you’re trolling me right?
Hey bald guy is this limit per flight or per year? Thanks in advanced
$10,000 per trip is usually the amount that you don't have to declare. Please check the customs website of your destination to confirm.
Great
Glad you enjoyed it.
You did not mention the danger of civil asset forfeiture in the US. Even with proper documentation authorities can still confiscate your cash for no reason whatsoever.
Hi Scott - it’s a very rare case that it happens randomly. Declare and have documents - worked for me every single time!
@@baldguymoneyofficial Yeah, well it only takes once...
You can live in fear and stay at home forever or you can learn from the experience of people like me and get out there and do things and live. The choice is yours man. Wishing you all the best.
@@baldguymoneyofficial Who live in fear? Who stays home? I'm just pointing out that there are smarter ways to travel than just carring a bunch of cash around
Nah. All you did was criticize what I said with a very rare example. You offered no alternative of your own to avoid the perceived issue. Cheers.
Sir too much money how we carry other country
If confiscation is the penalty for not declaring the money - no party who is half way intelligent should ever carry these amounts over the border. Sending money is quite easy in other ways. Simply withdraw if from an institution once you arrive, of have it sent by a professional delivery service.
Sending money in other ways can be very expensive. For example, Western Union charges high fees to send money. Taking it on your persons is usually done to avoid paying those fees and sometimes out of necessity. It's important people know that they can usually take more than $10 000 if needed.
Lmao a delivery service . I hope you don’t trust those people with your money
I know it sounds funny but what happened if you want the Powerball New York you win millions of dollars you going to another country and you withdraw $10,000 out of your back and you take your picture of receipt and you tell him you're not working you won the lottery and you show proof that you won the lottery what will happen next please reply back to me thank you and by the way your videos awesome
Hi Vilma - because the transaction is done via electronic and traceable banking channels there is no problem to do this. These traveling rules apply to cash and paper assets. I hope that answers your question. All the best!
Nice ❤❤❤❤
You didn't mention the biggest problem-Civil Asset Forfifture. These Govt thugs can arbitrarily decide that since you're carrying a large ammouunt of cash, you must be a criminal & they just confiscate it. No trial, no due process, no conviction, etc. Good luck on getting it back. It will take years plus legal fees. H9rror stories abound.
There are horror stories - in my opinion it is anecdotal. There are people who abuse power but it’s kind of like getting hit by lightning. It’s rare. Just like land seizure. Appreciate your comment! Cheers.
If this happens to you contact Institute for Justice. This foundation is actively fighting civil asset forfeiture across the US and may take your case for free.
Are a travelling couple entitled to $20,000. just as long as $10,000. is in her purse and $10,000. is in his pocket?
Husband and wife in most countries get counted combined. that said - you can always call the country's customs telephone line (most countries have one) and get clarification.
@@baldguymoneyofficial It is good I never did that the six times I was thinking about it! 👼🏻
What if i do everything you suggest and someone overseas is having a bad day and takes all of my money anyways. Lol 😂
My number 1 suggestion is always do your own research :) Thanks for watching.
$10,000 is absurd.
I’d rather fly with $100k on me than declare it & put it public by people who can only afford to live in their cars.
Also. A family of 5 You ain’t making it on a 2 week vacation with that little money.
10.000 per person.
Amazing video
Thanks Amigo! Thank you for commenting a lot lately. Much appreciated!
Hey bald guy I will be travelling to India shortly.
Can me and my wife carry 5000 Canadian $ each without declaring?
From Canada yes - not sure about the rules in India, but you can contact their customs for that answer. Should be ok.
you can make it less than 4min!
Ok
You deserve SUBSCRIBE❤
Inquiring minds want to know, why do we allow govts to dictate how we use our money.
HINT: the govt is paid out of our taxes.
I feel the same.
Gucci
It's just a shirt :)
@@baldguymoneyofficial It's just a comment :)
This is silly.
Unless you are MOVING to a new country just use your credit card when buying things in foreign countries while travelling.
Transfer money onto your credit card before you go in terms of your expected budget needed for your trip. Credit cards have the best forex rate I find…certainly better than any foreign exchange desk you find at airports, etc.
Credit cards are also universally accepted at ANY vendor globally who takes MasterCard or Visa (ie practically everyone).
Assuming you pay your CC off every month and aren’t paying interest this is the best way to go…plus you earn your reward/airpoints, etc!
If you need cash just look at the back of your bank/credit card..if it has an international plus+ sign or Cirrus logo you can use it at virtually any overseas ATM to get cash in the local currency.
As there are per transaction fees the best thing is to take out as much cash as you need for that country/currency in as few withdrawals as possible (ie a few large withdrawals over many small ones).
Yes there are some small transaction fees this way, but it’s the forex rates that any foreign exchange desk will rip your eyes out on. Most ppl don’t do the math when using these services and end up paying way more to exchange physical cash either overseas or at home before you go.
Using your own credit card and bank card wisely have worked best for me when travelling.
Using the cash for smaller transactions and the credit card for larger purchases.
More and more places aren’t even accepting cash these days and obviously a credit or bank card is a lot more secure from theft than a pocket full of cash in a country you don’t know well.
Finally bit disappointed for a gold guy you didn’t touch on moving money in this way:
If gold/silver coins have a govt monetary value stamped on them (ie $50 USD on a 1oz gold eagle) I believe it is the govt monetary value of the coin ($50 USD) RATHER than the market price of the metal (currently $1720 USD/ounce) that is taken into account in that $10,000 USD calculation!
I.e. you could then take 200 x 1 oz gold eagles (or 199 of them technically to keep you under the $10k USD monetary limit BUT in actual fact you are really moving 199oz x $1720 USD = $342,280 USD in metal VALUE!
I’m not 100% sure on this but I think there is a reason why the MONETARY $ value on gold/silver coins hasn’t been updated in a VERY long time. Perhaps a loop hole for the wealthy or secret govt entities to move money around as opposed to “currency”?
Gold/silver being “money” and all other fiat $ being “currency” of course!
This would make for a much more interesting topic for a video IMHO!
This video is not about travelling on vacation - there are many people in the world who live in foreign countries and want to travel back to their home countries with large amounts of cash to deposit in the bank. I understand that you may not be in that situation, but please understand there are many people (including myself) who live in that reality.
Fair enough but still think the conversation about gold coins etc with a govt monetary value printed on them (ie $50 USD for 1oz gold eagle) vs actual metal value would make for an interesting video in terms of that $10k limit when travelling.
The country I live in is basically a cash society. No plumbers, contractors accept credit cards or businesses to buy building supplies in the smaller cities.Lumber, sand, concrete ,doors, windows all cash..
I've never stayed at a hotel or eaten in a restaurant that accepts credit cards. I'm sure the more expensive businesses in the bigger cities accept them.
The closest ATM to me is 4 hours away and any holidays which is often your lucky to withdraw $150 a day. Makes accumulating large amounts of cash to build difficult.
I much prefer paying with a credit card for many of the reasons you gave but that's just not possible.
Paying for a private plane seems like an option.
Expensive :)