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Mother and 16 yr old son leaving America for Uruguay

ameliekatie

Hello! My name is Katie. I am just learning about making a move to Uruguay, but would like to move as soon as possible. As you can imagine I have many questions!


Here are the two that seem most pressing right now:


1. I understand that I can bring $10,000 with me. After entering Uruguay, how can I transfer the remainder of my savings to Uruguay?


2. We will not have residency. Will it be difficult to get my son into school?


Im excited to speak with anyone who has experience with moving from the United States to Uruguay! Thank you in advance.


Katie

See also

Living in Uruguay: the expat guideResidency statusUsing a relocation agent to move to UYMisdemeanor chargesMoving to get residency mid-July need recommendations
Zeighthdoctor

Hi Katie!


We're headed there in about a week, so we can be your advance team lol. Mark's a teacher, so we'll be looking at schools, and we can ask your questions too, why not? Maybe we'll run into each other.


Dani & Mark

ColoniaMan

Hi Katie, the rules on currency is that you have to declare anything over $10,000. I brought $20,000 with me together with a till receipt from my bank and declared it at Uy customs. I'm not convinced the customs officer knew what she was doing but seemed happy enough for me to bring it into the country. I now use a transfer company to remit money to myself from my 'home' bank account for cash pickup here in Uy.

armin31

Good evening, Katie!


We were in your shoes 2 years ago.  I personally find USD 10,000 is a lot of money to have on you.  I would be scared stiff to loose it.  You have a long flight ahead of you.


As ColoniaMan pointed out, you are not limited to USD 10,000, ypou just have to inform customs how much money you are bringing into the the country if you are exceeding this amount in total.


I am surprised that ColoniaMan got away so easy, because they normally also want to know the source of the funds.  That it is from a bank account, does not tell anybody how you made the money.  The issue is money laundering.


You can pick up the money in cach if you use a money transfer company,  but depositing money in the bank seems tio me to be the safer company.  You can also transfer from a USD account in the US to an USD account in Uruguay without going broke.  Outbound transfer by bank are horrendously expensive.


I want to point to one of my pet peeves, just so that you are aware:  You can not get a cash advance with a Northamerican MasterCard credit card.  They are usually accepted for purchases though.


Never was I charged a fee for opening a bank account.  However the monthly charges are high plus there are transaction based charges ...


Hope this helps.


Armin