Re: withdrawing from moneybookers?
i have a little confusion about money bookers as a lot of forex brokers accepts money booker. i want to know that if i deposit or withdraw funds from here will the bank question me that from where the money is cmming, and if yes what should i say?
As of now it is the safest way for fx trading.
You can withdraw from mb a/c to your bank.No questions asked.If at all some query comes(means when size of your withdrawl $ becomes bigger)You can say your uncle /father/relative gifted or it is proceeds from your software export.Since you are bringing in money and you are likely to pay tax no one is going to raise eyebrows.Documentation for wiring to your bank is MB's headache in his home country and as such there is no restriction in uk for forex there is no problem.
For uploading funds to mb,credit card is the only way.You cant wire to your MB a/c unless you state some specific purpose to the bank like "invest in equities".Since RBI has tightened norms,under the current scenario it will be difficult,as you may need to show some documents for your investments.
And it is always better to bank with smaller banks like axis,ingvysya and others for forex purposes as less number of questions are likely to be asked ,than icici/hdfc ...