If you’re sending money abroad using an international bank transfer, you may be concerned that it’s not being received. There are a number of ways to check if your money is on its way to the recipient. You can call your bank, or use an authorized money transfer service. Then you’ll be able to track the progress of your transfer online.
Most bank transfers should be processed immediately. However, some can take up to two hours. This is due to the fact that banks are only open on business days. It can also be a result of limited staff or unforeseen circumstances.
A common reason for a delayed international bank transfer is incorrect payment details. For example, if you’ve entered the wrong IBAN or account number, or the recipient’s information has been mistyped, your payment could be returned.
Depending on the recipient, an international wire transfer can take a few business days to receive. In some cases, a recipient will be notified when their funds have arrived.
If your international bank transfer is not being received after a few days, there are a few things you can do to find out why. You can trace the transfer through a tracking number, or make a request using a SWIFT code.
While there are many reasons that your international bank transfer might be delayed, it’s important to remember that these delays are not the norm. They’re caused by various factors, including global events and unforeseen staffing issues.