Dottie Atwater Posted January 15, 2016 Share Posted January 15, 2016 (edited) I have an account at Credicorp Bank. I had permission from them to receive a wire from an account I have (not in the US). They understood that I would then wire the money to another account (also not in the US). I gave them proof of where the funds originated, and documentation about where it was to go and what for. Well, on Monday morning, January 11th, I filled out the paperwork to send the wire. Now, five days later, it STILL hasn't been sent. Several contacts to the bank have gotten me nowhere. I know they are holding my money because they get interest on it, but five days is beyond ridiculous. I'm sure the Superintendent of Banks has rules about this. Can someone tell me the best way to file a complaint, and if I need a lawyer to do so. Thanks. Edited January 15, 2016 by Admin_01 Spelling correction Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted January 15, 2016 Share Posted January 15, 2016 http://www.superbancos.gob.pa/en Quote Link to comment Share on other sites More sharing options...
TwoSailors Posted January 15, 2016 Share Posted January 15, 2016 Interesting. Hope this is resolved for you Dottie. Let us know the progress. Quote Link to comment Share on other sites More sharing options...
Dottie Atwater Posted January 15, 2016 Author Share Posted January 15, 2016 I will definitely post the outcome of this. Apparently Credicorp thinks MY money is now THEIRS. Quote Link to comment Share on other sites More sharing options...
Bonnie Posted January 15, 2016 Share Posted January 15, 2016 For what it's worth, on the few occasions when I have made wire transfers from the U.S. to Panama, they have been accomplished overnight. I can't understand why transfers within the country would take longer. Quote Link to comment Share on other sites More sharing options...
Dottie Atwater Posted January 16, 2016 Author Share Posted January 16, 2016 The transfers had nothing to do with the US. The transfers to my Credicorp account were from the UK (and the funds were received promptly). Then I want to wire the funds to another source, also in the UK. The problem seems to be that Credicorp wants to hang on to my money as long as possible. Monday I will file a complaint with the Supt. of Banking. Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted January 16, 2016 Share Posted January 16, 2016 There is an obvious question here. Quote Link to comment Share on other sites More sharing options...
Dottie Atwater Posted January 16, 2016 Author Share Posted January 16, 2016 And the obvious question is, Keith? I'm missing something... Quote Link to comment Share on other sites More sharing options...
Uncle Doug Posted January 16, 2016 Share Posted January 16, 2016 I have had mixed results when wiring money into Panama. I've had it show up here the next day, and I've had it take as long as 5 days to appear. There really is no excuse for any delay at all. Given the millions of dollars being wired on a daily basis, it looks to me like the receiving bank is simply helping themselves to interest free loans at our expense. Quote Link to comment Share on other sites More sharing options...
Dottie Atwater Posted January 16, 2016 Author Share Posted January 16, 2016 (edited) My funds arrived here to Panama quickly. Now it's a BIG problem getting the funds to leave via wire instructions. Edited January 16, 2016 by Dottie Atwater correction Quote Link to comment Share on other sites More sharing options...
Bonnie Posted January 16, 2016 Share Posted January 16, 2016 1 hour ago, Dottie Atwater said: And the obvious question is, Keith? I'm missing something... I can't speak for Keith, but the obvious question that occurs to me is, if you were moving money between two sources in the U.K., why you sent it to Panama at all? Quote Link to comment Share on other sites More sharing options...
Dottie Atwater Posted January 16, 2016 Author Share Posted January 16, 2016 (edited) To avoid giving too much personal information, I won't answer the question that is irrelevant and has nothing to do with my situation. Edited January 16, 2016 by Dottie Atwater spelling Quote Link to comment Share on other sites More sharing options...
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