Questions tagged [wire-transfer]
a mechanism to electronically transfer funds from one account to another account. Generally used to cross-border transfer, i.e. moving money between accounts located in 2 different countries.
18
questions with no upvoted or accepted answers
3
votes
0
answers
79
views
What is the SEPA optional category?
When I'm writing a wire transfer (both with my personal and with my company's accounts), my bank allows me to enter "optional SEPA fields", most of them look redundant or useless, but one is a bit ...
- 193
2
votes
0
answers
8k
views
How to transfer funds online from a Canadian CIBC account to RBC instantly?
I thought Interac transfer is instant but my mom wants to send me money from her CIBC account but she said it takes 2-3 business days? What method can be used to transfer from a CIBC checking to a ...
- 361
1
vote
0
answers
52
views
Transfer money internationally via wire transfer, provided intermediary SWIFT but not intermediary account number
I want to send money from the U.S. bank to one of the Georgian Republic banks. Georgian bank provided me with an intermediary bank SWIFT but not an intermediary account number, and the banker told me ...
1
vote
0
answers
372
views
Money Transfer with invalid IBAN
i made transfer with missing 1 number in IBAN so its invalid but the money never back into my account. In fact when my bank made correspondence, it is said that the money in credited to individual and ...
- 11
1
vote
0
answers
68
views
Why can a domestic wire transfer involve international intermediaries?
I recently made a wire transfer from Fidelity to Wells Fargo. I explicitly used their routing number rather than the SWIFT code. From the posted transactions I see the fund comes from Citibank ...
- 143
1
vote
0
answers
353
views
Is it possible Receive Money from Authorize.net direct to bank
i have a question. I just work for my client that currently stay in Dubai, after the project done they said want to send me the money.
They ask for my bank account, swift code, my name and address.
...
- 111
1
vote
1
answer
102
views
What are the conditions required by a US bank to withdraw an international wire transfer?
A friend of mine was probably close to being defrauded (he is a painter, someone sent him a document certifying that he did a wire transfer to his bank for three painting he wants to buy, asked for ...
- 1,162
0
votes
0
answers
76
views
Adding a branch code to my swift code, is there a difference?
I have been receiving money from Romania to Indonesia using the swift code CENAIDJA for the past two months. This month there was an error in the swift code but when the sender added 'XXX' making it ...
- 1
0
votes
0
answers
54
views
Is a Sort Code and Correspondent Bank information needed for ALL international wire tranfers to the United States?
I am supposed to have some funds wired to me from a Government Institution (International). I filled in the paperwork provided by my bank (Wells Fargo) and sent it to the institution. They requested ...
- 1
0
votes
0
answers
75
views
Freelancing from India to USA Employer - Upwork or USA Local Bank Account?
We are a Private Limited Company based in India. Recently I was working on Upwork with our client and now they are willing to work directly with us.
We have 2 options for payment :
Continue Upwork (...
- 121
0
votes
0
answers
108
views
A US bank says it can't send an international wire transfer even though it goes through a US correspondent bank with a US swift code
I am trying to have money wired from a small bank in the USA. I was told they couldn't send money out of the country but as the money has to go through a correspondent bank in the US with an American ...
- 1
0
votes
0
answers
39
views
Question regarding the acceptance of wire instructions
If a bank receives a wire instruction with the correct routing number but an erroneous prior bank name (due to a merger) will the bank still send the wire transfer or reject it and ask for accurate ...
- 1
0
votes
0
answers
272
views
Wired some money internationally without a SWIFT code and it is not received yet. I am worried
I wired some money from China (Industrial and Commercial Bank of China) to Canada (Bank of Montreal). Both are big banks in their respective countries. Both accounts are in my mother's name. I did the ...
- 417
0
votes
0
answers
140
views
Can I willingly reject a SWIFT transaction?
I live in Brazil and I have a broker account in Europe, provided by my company for stock options.
I've recently sold some of my stocks and done my first transaction of this kind (International Wire ...
- 101
0
votes
0
answers
761
views
Transferwise regulated by RBI India
According to RBI FEMA Act Section 10, only authorized person or company could transfer Forex from India.
I have checked the website of Transferwise and can't find any information on this. How can I ...
- 101
0
votes
0
answers
160
views
Multiple serious delays wiring money to the US from Singapore
I have encountered a number of difficulties wiring money to a relative studying in the US. I have used DBS Singapore, POSB and Maybank Singapore to wire money, but have encountered multiple delays ...
- 1
0
votes
1
answer
203
views
When shopping online, I prefer bank transfer to credit card for privacy reasons. Is privacy really better with traditional bank transfers?
I shop online relatively often, because online shopping is much more efficient than brick-and-mortar retail. Unfortunately, I therefore also leave behind numerous data traces, which would not be ...
- 688
-1
votes
1
answer
115
views
How can you explain how international wire transfers work succinctly?
I'm interested in a conceptual explanation at the accounting level, i.e. who owes who what during the process.
I couldn't find anything on the web or on YouTube. It's very cumbersome to describe in ...
- 93