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lost wire money transfer

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  • 22-04-2010 5:33pm
    #1
    mullen
    Closed Accounts Posts: 19 ✭


    i need help what do i do when the Irish bank , AIB has lost my money in a wire transfer from Ireland to USA. they say they cant find it now. 9 days since i put in the transfer. what should i do
    Tagged:


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    #2
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    Have they confirmed the details on your application where correct?

    USA banks can take very long for putting traces on funds.


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    #3
    mullen
    Closed Accounts Posts: 19 ✭mullen


    YES I HAVE HAD ALL DETAILS CHECKED and call aib by phone every morning at 4.30 am califorina time 7 times i am fed up with the irish banks they cant be trusted


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    #4
    PCPhoto
    Registered Users Posts: 6,584 ✭✭✭PCPhoto


    if you have confirmed with AIB that you have transferred the money then get it in writing and confirm with the other side that the details of destination bank are correct.

    if possible fax the letter to the person in USA to bring to the bank and let them deal with it over at that end - you have proof you have sent it 9days ago,


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    #5
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    Sounds like the bank you sent the money to has it and can no apply it to a bank account.

    It could be a matter of the details on your application to not reflect the details on the persons account.

    Is it into your own account? If so you need to get something in writing from AIB. Banks will state that if the money is lost due to an error on the application then the fault lies with you and its your tough. So getting something in writting is very important.


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    #6
    mullen
    Closed Accounts Posts: 19 ✭mullen


    i have found my money out of no-where it arriver back in my a/c in ireland now what went on for 10 days. be carefull when doing anything with any IRISH BANK.


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    #7
    GerardKeating
    Registered Users Posts: 7,526 ✭✭✭GerardKeating


    mullen wrote: »
    i have found my money out of no-where it arriver back in my a/c in ireland now what went on for 10 days. be carefull when doing anything with any IRISH BANK.

    Why do you assume it was the Irish Bank, maybe the american bank.


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    #8
    mullen
    Closed Accounts Posts: 19 ✭mullen


    it never arrived into my USA a/c i did check every day my trust in them is gone


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    #9
    dotsman
    Registered Users Posts: 3,635 ✭✭✭dotsman


    mullen wrote: »
    it never arrived into my USA a/c i did check every day my trust in them is gone

    I'm glad for you that your "trust in them is gone".:rolleyes:

    AIB would have sent it on to the details you provided. In all likelihood, the money was not with AIB for the last 10 days but, in fact, with your (or another) bank (who couldn't find which account to put the money in).

    The fact that the money was returned by the receiving bank should highlight this to you.

    I would suggest reading here for more info.


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    #10
    the_syco
    Registered Users Posts: 37,295 ✭✭✭✭the_syco


    9 days... how many working days? I'm guessing 7? International wire-transfers can take 4 working days normally, but if you supplied any wrong details, it can take longer. And as the money was returned, it seems you have given the wrong details. Did you give the full IBAN and BIC codes? I've done a few transfers to Scotland and Germany, and they usually take 4 days to process: with the right details.


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    #11
    Rashers72
    Registered Users Posts: 1,207 ✭✭✭Rashers72


    We'll wait and see what the OP says was wrong in the first place. Suprisingly the retail US banking system is often not as advanced as our own - look at their huge ongoing dependence on cheques, no IBAN, no chip and pin etc.
    The funds could have been in the US under query, especially if wrong details where provided.


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    #12
    mullen
    Closed Accounts Posts: 19 ✭mullen


    YES THE Banks HERE DO HAVE EVERYTHING YOU SAY IN YOUR REPLY they do not have as for cheques every country is still using them but i have not for 3 years. my money never arrive here in USA as i did give the right swift code an a/c # so now this subject is over i got my money back

    Rashers72 wrote: »
    We'll wait and see what the OP says was wrong in the first place. Suprisingly the retail US banking system is often not as advanced as our own - look at their huge ongoing dependence on cheques, no IBAN, no chip and pin etc.
    The funds could have been in the US under query, especially if wrong details where provided.


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    #13
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    So you now wondering why you got you money back?


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    #14
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,905 Admin ✭✭✭✭✭Toots


    Did you give a routing code?


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    #15
    sarahlulu
    Registered Users Posts: 295 ✭✭sarahlulu


    Does 'this subject is over I got my money back' actually mean 'Oops I just realised it was my mistake'?


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    #16
    Blackjack
    Registered Users Posts: 3,592 ✭✭✭Blackjack


    sarahlulu wrote: »
    Does 'this subject is over I got my money back' actually mean 'Oops I just realised it was my mistake'?

    I suspect so. Usually what happens if the receiving bank cannot apply funds, then the funds are simply returned, and the only advice to the receiving Bank is the original reference of the funds being returned.

    Having see a large number of such returns, 99% of the errors as due to insufficient payment details being provided on the original payment.


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