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    Marina72's Avatar
    Marina72 Posts: 1, Reputation: 1
    New Member

    Apr 29, 2008, 07:02 PM
    Cash Advance

    My name is Marina. I hope there is people who can answer to my question.
    Three days ago I went to the bank to transfer money from my overseas account to my Citizens bank account. Before asking them for this transaction, cash advance, I did ask the branch manager whether they have a limit for money transfer. He said that for cash advance they have no limits and the amount is not that big and I can do it. After transferring my money to my Citizen Bank account, the same branch manager kindly apologized and said that there is a limit and they have to transfer, reverse, my money back. They voided money. It's a third business day and I still don't have money in my accounts.
    Do you know how long it takes money to be transferred to my overseas account after bank voids it and who is responsible for that?What can I do in this situation
    Thank you.

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    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,304, Reputation: 7692

    Apr 29, 2008, 08:03 PM
    If it is a wire transfer from a bank overseas that uses the same clearing houses, the money should be into your bank within hours.

    How was the money being transferred, what country was the money coming from, there is a lot of bank fraud from some nations where it is watched more closely.

    There should be no limit on the money you can transfer, anything over a certain amount has to be reported to the government. People transfers millions at times and amounts in the 100,000s should be common to larger banks.

    Please give more details please
    lawanwadee's Avatar
    lawanwadee Posts: 3,653, Reputation: 124
    Immigration Expert

    Apr 29, 2008, 08:26 PM
    Wire transfer from bank overseas to your account in US or vice versa takes between 2-3 days because the transaction needs to be verified by the government agencies of both countries. This is different from domestic wire transfer which you will be able to get cash advance as the sum will appear in your account in 24 hours or less.

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