Recent content by PurpleDan

What is a "transit" account?

Any more updates on this bank and it's due diligence? I'm not concerned about the diligence. I'm concerned about how long it takes.

Yes. Everything was correct. The bank even said that their intermediary bank said they were having problems crediting their account and suggested I recall the wire. Not saying it's a permanent issue... but having not been able to wire anything since last Nov and now it's January... and still...

I tried sending money through their new correspondent bank... 12 days later, I have no money and I have kicked off a recall of the wire through my US bank (from where I sent it). It's a freaking nightmare. Just a nightmare.