How long does it take for a bank wire money transfer to arrive?

Question by Catty2007: How long does it take for a bank wire money transfer to arrive? My fiance-to-be is trying to send me money from his bank acc...


Question by Catty2007: How long does it take for a bank wire money transfer to arrive?

My fiance-to-be is trying to send me money from his bank account in England to my bank account in the USA to pay for a visa application. After about 3 tries, and all sorts of problems with Swift codes, etc. they said it went. Since his is a small bank and my bank in the US is small and not international either, they said it would go through Barclay’s in the UK, then somewhere else he thinks (New York I think) and then on to my bank. It also wasn’t cheap and was a huge amount of trouble. We are desperate for me to receive this money quickly, because I need it to pay for the fiance visa application. They didn’t seem to be too sure at my bank, they said I would probably receive the money in around 2 to 3 days. Help! I’m going nuts! Has anybody else had this experience, especially between the UK and the US?

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2 Responses to “How long does it take for a bank wire money transfer to arrive?”

  1. doug graves says:

    Sending wire transfers internationally can be a harrowing experience, and alot of times there are no guarantees that your money will get to it’s target. Now, both the UK and USA are reasonably civilized countries, so that shouldn’t be an issue. You pretty much have mentioned already what the process is – his small bank sends the money to Barclay’s in the UK which will, in turn, send to what they call a ‘Corresponding US bank’ (many times Citibank, or other big NY bank), who will, in turn credit to the Federal Reserve bank in the district in which your bank is located. At that point, the Federal Reserve will send to a bigger bank with whom your bank does business, which will then credit the money to your bank, and into your account. Now, the problem is that some of these banks only process wire transfers at certain times of the day, so your money is actually waiting for somebody to approve it’s next step of the journey. Also, some of these banks will charge a processing fee, which will take a bite out of the funds that you will receive. I would say at the longest, it should take no longer than two days. If it hits the third day, have your fiance go to his bank and ask for them to trace the wire. The bank may put up some resistance, because it’s extra work, but they CAN do it. The trace will tell the received times and processing stations at each stop along the way. It may also show if the wire was sent with incorrect wiring instructions, such as a faulty account number or bank’s ABA number, etc.

  2. Dave Rosenberg says:

    I made an international money transfer from my Barclays bank in the uk to my French bank, Caisse d’Epargne. To date it has taken 30 days and it still hasn’t arrived, causing us great stress.
    Barclays have confirmed the transfer and the french bank seem to be very blasé about the hole matter.
    Surely this is illegal, what steps can we take to recover the money.
    We have written out cheques on the strength of the money and have gone over drawn.
    I believe that in France if a cheque bounces you loss you credit rating, so the consiquences are very serious for us.

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