How long should a "SWIFT" Transfer take?
Sep 13th 2007, 2:09 pm
#1
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How long should a "SWIFT" Transfer take?
My Dad is transfering some money to me with an international SWIFT bank to bank transfer.
Once hes initiated it, how long should it take for it to show up in my account?
Its been a couple of days already, which seems a bit on the long side to me in this computerised internet age, but I dont do this kind of thing often , so what do I know?
Cheers
Once hes initiated it, how long should it take for it to show up in my account?
Its been a couple of days already, which seems a bit on the long side to me in this computerised internet age, but I dont do this kind of thing often , so what do I know?
Cheers
Sep 13th 2007, 2:11 pm
#2
Tea Drinker
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Re: How long should a "SWIFT" Transfer take?
24hrs maximum if it is the same Bank in Canada ie- HSBC to HSBC
Sep 13th 2007, 2:12 pm
#3
Slightly Canadian
Joined: Jul 2005
Location: St. John's, Newfoundland
Posts: 10,129
Re: How long should a "SWIFT" Transfer take?
My Dad is transfering some money to me with an international SWIFT bank to bank transfer.
Once hes initiated it, how long should it take for it to show up in my account?
Its been a couple of days already, which seems a bit on the long side to me in this computerised internet age, but I dont do this kind of thing often , so what do I know?
Cheers
Once hes initiated it, how long should it take for it to show up in my account?
Its been a couple of days already, which seems a bit on the long side to me in this computerised internet age, but I dont do this kind of thing often , so what do I know?
Cheers
Sep 13th 2007, 2:14 pm
#4
Immigration Consultant
Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: How long should a "SWIFT" Transfer take?
I always thought it was hours rather than days
Sep 13th 2007, 2:24 pm
#5
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Re: How long should a "SWIFT" Transfer take?
Thanks folks. It is between different banks, and having a PC account probably complicates it slightly as they are a subsidiary of CIBC and dont have there own swift code, so maybe that adding to the time.
My old man said 3 days, so maybe its 3-4 and it will show up today.
My old man said 3 days, so maybe its 3-4 and it will show up today.
Last edited by iaink; Sep 13th 2007 at 3:54 pm.
Sep 13th 2007, 2:35 pm
#6
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Joined: Sep 2007
Location: NI (back from Toronto)
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Re: How long should a "SWIFT" Transfer take?
when my husband UK wages get transfered to our Canadian account sometimes it takes up to 5 days, it seems you'd be quicker sending cash by fedex, it's totally ridiculous!!
Sep 13th 2007, 3:35 pm
#7
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Location: Halifax, Nova Scotia
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Re: How long should a "SWIFT" Transfer take?
they are just investing your money for a few days and making something on it. Presumably it leaves your UK account immediately?!
Sep 13th 2007, 3:53 pm
#8
Joined: Feb 2006
Location: Red Deer, Alberta
Posts: 10,612
Re: How long should a "SWIFT" Transfer take?
We're also waiting for a 'SWIFT' payment. It left the payees account yesterday, we are hoping the bank has some indication it's on it's way today.
Otherwise I will have a super stressed up husband again
Otherwise I will have a super stressed up husband again
Sep 13th 2007, 5:42 pm
#9
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Re: How long should a "SWIFT" Transfer take?
yes indeed the money leaves the UK account straight away. They must be making something out of our money over those few days, surely the technology exists to do an instant transfer.
Sep 13th 2007, 5:45 pm
#10
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Re: How long should a "SWIFT" Transfer take?
You would think...they are probably just working it especially hard to recoup some of the loses that canadian banks made through the US sub prime mortgage debacle
Sep 13th 2007, 6:15 pm
#11
Joined: Feb 2007
Posts: 3,020
Re: How long should a "SWIFT" Transfer take?
Apparently SWIFT stands for: "Society for Worldwide Interbank Financial Telecommunication". Perhaps a better name would be "Slowly Leaving Our Transfers Hanging".
Sep 13th 2007, 7:17 pm
#12
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Joined: Dec 2006
Posts: 26
Re: How long should a "SWIFT" Transfer take?
My Dad is transfering some money to me with an international SWIFT bank to bank transfer.
Once hes initiated it, how long should it take for it to show up in my account?
Its been a couple of days already, which seems a bit on the long side to me in this computerised internet age, but I dont do this kind of thing often , so what do I know?
Cheers
Once hes initiated it, how long should it take for it to show up in my account?
Its been a couple of days already, which seems a bit on the long side to me in this computerised internet age, but I dont do this kind of thing often , so what do I know?
Cheers
Incidently, there were three speed options:
Urgent Transfer - Up to 2 business days
Standard Transfer - Up to 4 business days
Relay - Up to 5 business days and max amount £2000.
My mum told me the Relay one didn't work when she tried it to Canada. It got sent back and she had to use Standard - not sure why.
Sep 13th 2007, 7:23 pm
#13
Magnificently Withering
Joined: Jan 2007
Location: Oakville, ON
Posts: 6,891
Re: How long should a "SWIFT" Transfer take?
I did one of these a couple of days ago from the UK to Canada. They told me it should take up to 4 working days for a standard transfer. Their information was for the length of time to send it within the European Economic Area, but they thought it would be the same for Canada.
Incidently, there were three speed options:
Urgent Transfer - Up to 2 business days
Standard Transfer - Up to 4 business days
Relay - Up to 5 business days and max amount £2000.
My mum told me the Relay one didn't work when she tried it to Canada. It got sent back and she had to use Standard - not sure why.
Incidently, there were three speed options:
Urgent Transfer - Up to 2 business days
Standard Transfer - Up to 4 business days
Relay - Up to 5 business days and max amount £2000.
My mum told me the Relay one didn't work when she tried it to Canada. It got sent back and she had to use Standard - not sure why.
Sep 13th 2007, 11:43 pm
#14
Joined: Feb 2006
Location: Red Deer, Alberta
Posts: 10,612
Re: How long should a "SWIFT" Transfer take?
Hubby called the sending bank today - to check that the transfer is for real
She said it should take 2-3 days to show up - confirmed it was for real and the correct money woohoo! Shall post the story later.
She said it should take 2-3 days to show up - confirmed it was for real and the correct money woohoo! Shall post the story later.
Sep 14th 2007, 1:05 pm
#15
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Re: How long should a "SWIFT" Transfer take?
Mine arrived this morning...4 or 5 days.