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Q: where are the money now?? ( No Answer,   2 Comments )
Question  
Subject: where are the money now??
Category: Miscellaneous
Asked by: axl150682-ga
List Price: $70.00
Posted: 10 Jun 2004 12:31 PDT
Expires: 10 Jul 2004 12:31 PDT
Question ID: 359314
I had the problem with the process of the transfer of money that was
carried out by my brother.
He sent his money from the bank La caixa Spain in the date 26-05-04.
To my account of the bank of BCA North Sumatra Indonesia.
But up until today I do not yet accept the money.
That wanted to be asked about by me was where the money now?
Thank you and please reply me soon.

Request for Question Clarification by jbf777-ga on 10 Jun 2004 13:42 PDT
Have you tried contacting the original bank?

jbf777
Answer  
There is no answer at this time.

Comments  
Subject: Re: where are the money now??
From: corwin02-ga on 10 Jun 2004 14:16 PDT
 
a money transfer from bank to bank can not be completed because for
example lacking information on the receiving end remains either in a
parking account of the bank at the receiving end or if the receiving
bank was not known it remains in a parking account at the sending bank
in either case contacting the banks in question with the appropriate
information (routing information or SWIFT number) should enable the
banks in question to find the money
Subject: Re: where are the money now??
From: keronos-ga on 10 Jun 2004 21:50 PDT
 
Here's an example that I ran across while working in a wire department
for a U.S. bank about ten years ago:  When we sent funds to a customer
of a foreign bank (Let?s say Bank F), we would have to find an
affiliate bank (Bank A) in the states where we could send the funds. 
Bank F would have an account with Bank A, and Bank A would then
calculate any currency exchange and then deposit the funds into the
account for Bank F with instructions to deposit the money into Bank
F?s customer?s account (the person waiting for the money).

Think:  My bank --> (wires) --> Bank A --> (currency exchange) -->
Bank F --> destination customer

The process was not very fast as we were dealing with three different
banks, and if there was any transposition of numbers, things could
really get confusing fast (keep in mind this was ten years ago?
hopefully it?s become more automated).  I?d say that the process
sometimes took as long as a week to get the money properly delivered.

Anyway, for your situation, if your Spanish (S) bank does not have an
affiliate (SA) bank in Indonesia (IN) (or vice versa? an Indonesian
affiliate (IA) in Spain), they will have to find someplace where they
both have an affiliate.  For example, let?s say both banks S and IN
have affiliates in the U.S.  Your brother gives the funds to Bank S
who then gives the funds to SA and tells them to send the funds to the
IA in the states, which would then give the funds to the IN bank with
instructions to finally deposit the funds into your account.

So, it could happen something like this:

Your Brother --> 
Bank S --> (deposits the funds in their account with Bank SA with
instructions) -->
Bank SA --> (currency exchange to from Spanish currency to dollars and
then wires funds to IA with further instructions) -->
Bank IA --> (currency exchange from dollars to Indonesian currency and
then deposits the funds) -->
Bank IN --> 
Finally deposits the funds into your account.

I hope this makes some sense.  Good luck getting your money.

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