REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 10-13-2010, 09:36 PM   #1
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Sending wire transfer to US bank

Anybody here who works in a bank know exactly what information I need to do a wire transfer to bank in the US?

I'm trying to purchase a watchwinder from the US, and they only accept wire transfer from international customers.

I was provided with:

Name/address of bank
ABA code
SWIFT Code
Account #

When I went to RBC today, after spending about 10-15 minutes trying to set up the wire transfer (they were apparently looking up the bank by name in their system and couldn't find it), they told me that it could not be done without the Bank # and Transit #. Now, I've done a wire transfer with this company 2 years ago without the Bank # and Transit # (I checked the info they sent me 2 years ago). But the RBC teller insisted they could not complete the transfer without this info, saying that the banking system has changed in the last 2 years. It just seems strange to me that the company would send a standardized document they send to all their customers for wire transfers and leave out pertinent information required to complete the transfer. Any idea how I can look up the Bank and Transit # if it is necessary, or do I have to call up the bank myself?
Advertisement
Jermyzy is offline   Reply With Quote
Old 10-13-2010, 09:45 PM   #2
MiX iT Up!
 
tiger_handheld's Avatar
 
Join Date: May 2006
Location: vancouver
Posts: 8,133
Thanked 2,066 Times in 865 Posts
seems like the teller you talked to is an incompetent slob.

try to talk to someone else.
also it'll help if you have that banks phone# and a cell phone. so when u got rbc, and things go wrong u can get rbc to call them and initiate the fund transfer ..
__________________

Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.


Make the effort and take the risk..

"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
tiger_handheld is offline   Reply With Quote
Old 10-13-2010, 09:48 PM   #3
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Additional info:

I have the Name/address, ABA, SWIFT Code, and account # for the intermediary institution.
I have the Name/address and account # and DOMESTIC ABA for the beneficiary bank/customer.

I'm assuming the company's bank does not accept wire transfers and must be through the intermediary institution. RBC kept looking up the company's bank name, and not the intermediary institution...
Jermyzy is offline   Reply With Quote
Old 10-13-2010, 09:49 PM   #4
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Quote:
Originally Posted by tiger_handheld View Post
seems like the teller you talked to is an incompetent slob.

try to talk to someone else.
also it'll help if you have that banks phone# and a cell phone. so when u got rbc, and things go wrong u can get rbc to call them and initiate the fund transfer ..
Thanks, I figured as much...actually it was two tellers who told me the same thing. The bank's phone number was on the paper with all the info, but not once did they offer to call. Instead they tried googling the bank/transit #....they told me to call myself for the information and come back with the correct info...
Jermyzy is offline   Reply With Quote
Old 10-13-2010, 10:30 PM   #5
I Will not Admit my Addiction to RS
 
Join Date: Feb 2004
Location: Burnaby
Posts: 577
Thanked 20 Times in 13 Posts
Quote:
Originally Posted by Jermyzy View Post
Thanks, I figured as much...actually it was two tellers who told me the same thing. The bank's phone number was on the paper with all the info, but not once did they offer to call. Instead they tried googling the bank/transit #....they told me to call myself for the information and come back with the correct info...
which branch did u attend? i can have this escalated.
woooo is offline   Reply With Quote
Old 10-13-2010, 11:07 PM   #6
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
^Check your pm
Jermyzy is offline   Reply With Quote
Old 10-13-2010, 11:36 PM   #7
RS Veteran
 
bcrdukes's Avatar
 
Join Date: Dec 2001
Location: GTA
Posts: 28,853
Thanked 10,341 Times in 4,241 Posts
What you have is sufficient for a wire transfer. I transfered a few thousand with the bank, transit and account number to a Wells Fargo Bank in Boulder, CO earlier this year when I bought my Vespa just fine.

Looks like you were dealing with incompetent goof balls.

Edit: I was wrong - I was given the routing, account number and SWIFT code which was sufficient to perform the wire transfer.

The ABA number is the routing number (which you have.) You also have the account and SWIFT number. I don't see what the problem is. Now that I checked my records from my transaction, you most definitely dealt with some dimwits.
__________________
Quote:
Originally Posted by Badhobz View Post
Yeah. Typical Mainlander Barbie doll.

Her car even smelled nice. Like a mixture of luxury perfume and a hint of….. vag ? Fish sauce ? Something a bit dank
bcrdukes is online now   Reply With Quote
Old 01-11-2011, 03:25 AM   #8
NEWBIE ACCOUNT!
 
Join Date: Nov 2010
Location: none of your be
Posts: 18
Thanked 2 Times in 2 Posts
i used to send money to japan on the regular. i never use the regular banks for any forgin exchange transfers as their rates are always higher.

I have used a place called globex out of Edmonton Alberta. Im sure they have offices all over. as well as XE.com. I talked to a guy named tod in the edmonton globex. they charge only $15 and the rates are much lower then your bank will offer you.
AllenPetersen is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 09:13 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net