Re: Foreign Wire transfer (to Pakistan) flagged
I am in the U.S. and I send money to my parents in Pakistan from my bank account pretty frequently. Only this time, my account hasn't yet been debitted, more than a week after the wire was initiated last week. The wire transfer was for $4k. I went to the bank this morning and I was informed that the wire has been flagged and that they need more information about the recipient of the wire - my father, who is 78 years old. I told them that this is not the first time I am doing a wire. I have been sending money home for more than a decade. Anyway, they needed his full name, address and the date of birth which I provided. I was told that they will contact me and let me know the progress. I haven't heard from them yet.
Anyway, I have never felt that helpless before. Its my hard earned money and I am sending it to my own parents to their account. When I eventually move to Pakistan, I plan to send the big chunks to myself into my own foreign currency accounts oversease. If I won't be able to do that, why am I even here?
Anyone else has experienced this before?
Asif, do you send the money directly from your bank account to your parent's account in Pakistan? Or is there an intermediate branch in US involved?
Couple of years ago the same thing happened with me, however I was sending the wire thru my local bank here in US to standard Chartered (SC) in NYC. And then the SC-NYU was routing the money to SC- Karachi. Thats how I was saving the money which you usually have to pay for international wire transfers, because then my wire transfer was considered a local wire transfer from my bank to SC-NYC. SC-NYC was sending my money from NYC to karachi free of charge.
During this process SC-NYC messed up and the wire was delayed by 10 days.