If one were to transfer 500,000GBP from an account in the UK to an account in the USA, would such a large transfer be allowed and would there by any fees involved?

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Originally Posted by FrankHelsell

If one were to transfer 500,000GBP from an account in the UK to an account in the USA, would such a large transfer be allowed and would there by any fees involved?

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What kind of fees? Bank fees, taxes, something else?

Are you a US citizen and where did the money come from? An estate? Sale of property or business?

They came from a winning the British National Lottery. Would the US government impose any fee to allow a transfer so large besides tax?

I am a US citizen. The money came from the British National Lottery. Would the US government charge anything for such a large transfer besides tax?

If you won the lottery, you would owe income taxes to the IRS, but they would deal with you directly.

If you win a lottery you pay nothing to get the money. Next you can get a international bank and merely have it deposited in the UK.

I am sorry but unless you were buying tickets, the lottery fraud, while not the largest fraud, is still a popular one.
They send you a email ( well they send out 100s of thousands of emails) and then tell you that you have to pay them a fee to get your money.

If you really won, you hire a attorney in the UK to handle all of this for you.