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Transfering Money?

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ralphandchomba
7/17/2020 15:28 EST

I am purchasing a home in Nicaragua. I Will be using Banco De America Centro. They sent me a paper that has a Intermediary Bank in New York (Bank of America) which they have as suggested. and a Beneficiary Bank there in Managua. Can I send the funds directly to the Beneficiary Bank or do I have to go through the Intermediary Bank

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elzorro
7/17/2020 16:15 EST

I purchased a home last year and was able to wire/transferred directly to the account of the seller who had a BAC account. Of course, there was a fee on both sides but mine at that time was only $25.00 and his side I believed it was about the same. So yes you should be able to transfer directly unless rules changed.

I hope this helps

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markie
7/19/2020 11:52 EST

I have a ocean view lot in SJDS and have sent money to Nicaragua and Greece. Your local bank in the US cannot send money directly to another bank in Nicaragua simply because it would be too cumbersome for the Nico bank to have connections with hundreds of local banks in the US. So the Nico bank uses one major b

ig player bank to handle international connections. Bank of America is typically used.

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elduendegrande
7/21/2020 11:09 EST

Yeah, it is a "correspondent bank". all these things got sketchier post coup. Try it.

A friend has a pickle. His US bank sent his new debit card but it bounced back because of lack of mail due to covid. I told him his immediate options are to ask the bank to send it DHL even if he had to pay for the service. A partial fix (i am doing this with a credit card) is to have them send it to a relative in the US who can validate it and get the number and security code to him so he could at least use it online until he can get physical possession.

Airlines are still claiming August reopenings so let's hope this clears up.

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elduendegrande
7/23/2020 21:16 EST

Let us know how it works out. This stuff is a moving target and it is hard to know what works unless you have recent experience.

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CharlesA
7/25/2020 15:49 EST

Talked with FedEx Managua recently. They are opening envelopes received from the USA, confiscating credit cards/debit cards/passports, handing these items over to Customs, from whom one must now deal with in order to assume possession of one’s items, Doesn’t sound like a secure process in the least. Does anyone have knowledge of or experience with this procedure to share?

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atz111
7/25/2020 16:14 EST

Why would someone send a passport by FEDEX? Don’t you have to have one to get in the country.?

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CharlesA
7/25/2020 22:33 EST

How about if you renewed from a USA address an expired passport and had somebody mail it to you here (instead of going thru the local embassy process)? Anyways, the point is that FedEx is grabbing things and passing them on to Customs.

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atz111
7/26/2020 08:30 EST

Yeah, could be...like a one in a million example.. In any case I spoke to a guy who knows a guy who spoke with someone who said that customs is examining packages looking for missing moon rocks and as soon as they are located this will stop. Or something like that.

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elduendegrande
7/26/2020 08:43 EST

Send an outgoing letter DHL which arrived in US in 4 days.
Most airlines have extended flight resumptions for another month. I don't know which airline has the mail contract but I doubt it is Spirit.
And , to add injury to insult, Nic has enacted covid and documentation requirements that make it problematical for airlines to reopen.

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paddyoperry
7/26/2020 09:16 EST

Good morning Mr. Troll.
The way that I read the post from the embassy, it seemed specific to air traffic between Nicaragua and the US.
I've been locked in the US for 6 months now, not able to return to my home in Panama nor join my wife who has been trapped in Nicaragua.
My question to you and anyone reading is; Is the airport going to open on 8/3 like they planned, such that maybe I can fly to another country first and then grab a plane to MGA?
Thanks

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johnchip
7/26/2020 09:23 EST

Message for U.S. Citizens:



Update: Suspension of Commercial Airline Service (July 24, 2020)



Location: Nicaragua



Event: Most airlines serving Managua have delayed the resumption of regular service to and from the United States until September 2020. The following dates of suspension are subject to change:

US embassy announcement this week

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johnchip
7/26/2020 09:32 EST

Enroll in the Department of State’s Smart Traveler Enrollment Program (STEP) to receive alerts. (step.state.gov)

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dollyd
7/26/2020 20:49 EST

My understanding is that Nicaragua is now requiring a negative Covid test to entrevista I doubt if any airlines will come as long as this is required.

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elduendegrande
7/27/2020 10:30 EST

yep, the hermit kingdom is also now requiring airlines to provide a photocopy of each passenger's passport 3 days in advance. Can you imagine the burden this places on the airlines?

to answer above question, yes the MGA airport is open . It just doesn't yet have any regularly scheduled flights. Spirit is the only one that has not yet cancelled its August flights. Land borders are closed by neighboring countries.

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KeyWestPirate
7/27/2020 14:06 EST

Perhaps our boy hopes to starve the new middle class into submission ?

No tourists wanted ?

They have been pretty uppity, that COSEP bunch.


It's been a good growing year, lots of rain, then hot.

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johnchip
7/27/2020 17:47 EST

"Uppity" much, KeyWestPirate? Seems you like to degrade the very country's government you live safe and secure in. What is wrong with you? If you need to 'blow gas', maybe go live in Trumpland, plenty to attack there.

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rtaz
7/28/2020 17:04 EST

Flights will resume in September. Schedule:
AeroMexico...............9/01/20
United Airlines.........9/2/20
Avianca..........................9/2/20
American Airlines...9/2/20
Copa.................................9/05/20
Spirit Airlines..............8/17/20

This, according to the US Embassy
e-mail memo.

Note: Flights have been postponed before.

rtaz

rtaz

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KeyWestPirate
7/30/2020 11:00 EST

Off the original thread a bit, but I spoke with OptimaCargo in Miami yesterday and they are shipping.to Nicaragua.

Fifteen to twenty days.

I got one report of a completed shipment from a friend in Nicaragua,, and another that will leave Miami next week.


Optima charges $2.50 /lb with a 10 lb minimum. I've sent two large "bins" down. The lids were ty-rapped, and the ty-raps were not cut. I taped a detailed customs declaration to the bin.

The $2.50 includes "normal customs charges" but I always wind up paying a bit more.

I had Optima forward a direct shipment from China about two years ago,, a leap of faith as it was an $800 solar controller. It arrived in Managua as expected.

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dollyd
7/30/2020 11:17 EST

I and some of my friends use Maranatha Cargo Express from Miami. They have a Facebook page. They will fly things in which must be picked up at customs in Managua or ship it in and it comes to your house. We all have used both the services. Days by plane and about a month by ship.

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atz111
7/30/2020 11:43 EST

Amerijet also has good service and is helpful. maybe better for larger/heavier items. Still have the customs to deal with.

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KeyWestPirate
7/30/2020 12:02 EST

Does anyone consolidate ? That would be enormously helpful.

Over a period of a week would be all that is necessary.

I have to ship my bin to Miami after I get it packed, and the USPS cost is substantial.

I have Amazon Prime,, so get free two day or better, Many items on EBAY ship free.

If it's a single big item,, like the solar controller I mentioned earlier,, not a big deal.

But, it would be helpful for multiple small items. Both Amazon and Ebay allow me to ship to any address I choose (after I "certify" the address as mine)

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ralphandchomba
8/15/2020 12:13 EST

I did send the money through an Intermeditary bank, took 3 days to process. But all went well. There was $10 taken out somewhere along the line. Not a big deal but trying to figure out why.

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