Thursday, December 15, 2011

What could be tieing up an international money transfer?

My friend is trying to transfer money from S. Korea to the United States to pay for college. Something isn't going through. He checked with the bank in the United States and his account is set up correctly but we're stuck there. It's over $10,000 for his tuition so could it be that the government is holding it to be sure it's a legitimate deal? If not, what can he do to make sure it goes through? He needs to pay his tuition by next week. And he has also had this amount transferred before.|||Well, perhaps the first idea I鈥檓 having is to check his balance on his S. Korean account. If it still didn鈥檛 drop for $10000, then ask S. Korean bank 鈥?what happened. If the money has been withdrawn from Korean bank and still didn鈥檛 appear on his American Bank account, then it is a time to act. Contact American bank and ask what happened. You鈥檇 better act quickly. It could be that simple error in bank transferring system happened and your money is in nowhere now, which is not so good. Bu finally I think you鈥檒l trace them.

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