Banco popular and lost; wire transfer

[waytogo]

Has this happened to anyone else? My son wire transfers U.S currency to my Banco Popular Green passbook as needed. On July 13, he wire transferred U.S. $2000. from Wells Fargo in Arizona. Never got here and Wells Fargo said transfer records show that it was accepted by Banco Popular. It has been 12 days and as of today, nothing. These are my questians, is there legal recourse here ? Wells Fargo said they will just take the money back. Can they do that ? and, does this sort of thing happen often ? Thank You

 

[MrMike]

I have received alot of wires, and generally you need to speak to the person in charge of your account, it sees that in many banks incoming wires are held until your individual account manager approves the transfer to your account.

Speak to them and see if they have your money. It may just take a phone call.

 

[bryan1258]

I ran into a similar problem a couple of years ago. Naturally I assumed it was a fault on the Dominican side of the transfers. After further investigation I found that some bright spark at the wire service got all creative on me and wired the cash to La Paz Bolivia.
I panicked, they panicked. Then I got to thinking, I've never been to La Paz.


In the end I threatened them with an over enthusiastic lawyer friend. All was forgiven after my money mysteriously appeared in my DR account.

My point being that the fault is usually that of the sending institute rather than the recieving one.

 

[waytogo]

I have been receiving money transfers quite regulary from and to the same banks. Wells Fargo has been on an automatic twice a month transfer for quite awhile. I have talked to Officials at Banco Popular 3 times with 3 different answers. I never knew so many people that could talk out the sides of their mouth. The only other place where I experienced that quality so much was Chicago. LOL

 

[bryan1258]

It would behoove you to ensure that Wells Fargo has a record of the trasaction with your

 

[bryan1258]

This key board sucks, anyhow.

Wells Fargo must have a record of the transaction with Popular.

 

[bryan1258]

I'm going to try and get through this. If WF does not then your money is out there floating around in space. In which case WF must reimburse you

 

[waytogo]

After one month and more monies resent to me, it showed up out of nowhere.
2 more months no problems. Now 4 thousand more was sent to me on the 15th of this month and it hasn't gotten here yet. It normally takes no more than 1 day. Please pm me with info. on this card your talking about, sounds interesting. Probably the longer they hold the money, the more interest they make. Wells Fargo keeps saying that they can take it back and refund my son.