Why does the foreign remittance not arrive in my account after more than 10 days? What are the reasons?

Now everyone's living standards have been greatly improved and enhanced, and everyone's pursuit of quality of life will be higher. Many friends may buy overseas products. What's the matter if the foreign remittance has not arrived for more than 10 days?

What happens if the foreign remittance has not been received for more than 10 days?

1. When making a foreign remittance, although the remittance procedures have been completed, the interest accrual date is a few days later or even longer, so the actual position has not been transferred.

2. It may be because the remittance information of the remitting bank is incomplete or incorrect. For example, the account bank of the cooperative bank is not filled in. In this case, the time for the intermediate bank to collect the remittance may be relatively longer. Or the bank's SWIFT CODE is not filled in. The account bank needs to process it manually, and the remittance time will be relatively extended. In addition, if the remittance information is filled in incorrectly, it will be returned to the remitting bank.

3. If anti-money laundering is involved, the time it takes for remittances to arrive will also be increased. For example, if a piece of information in the remittance message happens to match the blacklist of the anti-money laundering department of the account bank, the money may be intercepted by the compliance department of the bank and released only after investigation and verification.

4. Non-existent remittances: If the other party says that the remittance has been made but it has not yet been received, after excluding the above situations, you need to consider whether the funds have really been remitted, especially when the other party is unwilling to provide a message or only provides a remittance application form without a message. You must pay special attention.

If you encounter this situation, you need to keep in touch with the other party, communicate carefully with the bank and make repeated inquiries. The bank will generally handle it in a timely manner. The remitter and the beneficiary must also communicate in a timely manner and ask the other party to provide the corresponding remittance information so that the bank can inquire with the overseas account bank; for foreign currency remittances, only the remitting bank can issue inquiries to check the location of the money, and the receiving bank can only inquire if the money has arrived at the bank. Therefore, you can contact the receiving bank first, and let the other party contact the remitting bank at the same time. If the money is confirmed to be remitted, it should be hanging somewhere, and it will arrive in the account after waiting for a while.

If a foreign remittance has not been received for more than 10 days, there are many reasons. You can ask the customer service of the relevant remittance bank to find out the specific factors. Generally, the time for foreign remittances will be relatively longer, and you need to wait patiently.

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