….Why does it take a wire transfer from Canadian Dollars to Euros five (Eight total) fcuking working days when my currency brokers can do it in under twenty four hours? I contacted my bank and requested a wire transfer at 11:30am EST (9:30am PST) on Monday. Money disappears from my account. On Monday at 09:32am PST. The account numbers were correct. They were verified at both ends. Yet the money took a week to arrive. A Week! Airfix have better kits than my Canadian Banks business model.
By comparison, over ten thousand dollars sent to my Canadian bank account from the UK, via my brokers, from Sterling at 09:30am GMT (This was in March 2015), arrived in my Canadian bank account in dollars six hours later at 3:30pm GMT. My Canadian Bank refused to let me use my regular currencies broker, yet are quite happy to receive money from same. I am pissed off at my bank. Not only have they lost me a hundred and thirty bucks in charges and exchange rate differentials, but I had people asking where their money was, a question for which I had no answer. Fortunately my creditors were patient until the money actually arrived. Even if their receiving bank docked a further 22 Euros off the amount when it arrived. A shortfall I’ve made good out of my personal petty cash as a matter of good faith.
Words are going to be said when I get back to BC. Some of them four letter and extremely Anglo-Saxon. Apart from “You’ll be hearing from my lawyers.” No wonder there’s still a world wide recession on if vital investment money takes so long to move. The banks caused the last recession, now they’re prolonging it? Jeez. Maybe we need something better? If the banks will let us use it.
This is going to lose them business. Mine. Which is a not inconsiderable sum.
