Hello Guys, One of my client sent me money by Wire Transfer to my HDFC Bank Account on 15th March 2010. This is my first transaction through Wire Transfer so I don't know how much time it will take. Can you guys help me to let me know that how much Time it will take to reached my money in my HDFC Bank Account?? Although it is a big money so I'm confused here. Thanks in advance.
this is a transfer of funds between banks by electronic means. for better you go here http://www.wisegeek.com/what-is-a-wire-transfer.htm Thanks
Avoid wire transfers at all costs Snipers. Especially from foreign soil. There is a lot of stories circulating about payments that never came, and the excuses "payers" try to pawn off on you. Hopefully everything goes smoothly for you my man!
wires are most secure way of payment, they usually take a couple of days, i can happen also that wire transfer arrived same day, it all depend on the banks involved in the process
my client is from Europe and me from India. I heard that wire transfers also depend on country specific. will it take about one week or more? Thanks
it also depends upon the number of intermediary banks. as far as my knowledge is concerned, all hdfc bank branches are swift code enabled, so it should take less time. but that is not the case for other banks so it takes longer. officially its 3 days.. the rest depend upon our banking system. as u receive the funds, do update at the thread.
yes sure, I will update this thread when I will get my money to my account, other person who are unknown from this they can get benefit from this. Thanks for the help.
Finally I got my money today on 18th March 2010, 6: 28 PM (GMT 5:30) which was sent on 15th March 2010 from Europe. I received my money in just 3 working days. I think wire transfer is the safest payment process for big transactions. Thank you very much guys for your help.
Hey Snipers Nice to know you recieved your money. Could you mention how much hdfc charged you and for what amount?
My client sent me $3742 and I got $3692 to my bank account with a exchange rate of ( USD 1 = 44.81 INR ), means no much fees and good exchange rate. I'm happy with this transaction and think that it is the best alternate of paypal. After receiving my money I checked my bank statement and saw that 90.25 INr was debited from my account by the bank.
Hi Bohra, The amount you can see in the thread, I have already mentioned. Regarding the bank, although it was my first transaction so I was nervous but everything got cleared. My bank din't ask me anything yet. Thanks