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. |