Wire Transfer to my Bank Account

Discussion in 'Payment Processing' started by Snipers, Mar 17, 2010.

  1. #1
    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.
     
    Snipers, Mar 17, 2010 IP
  2. Red_Virus

    Red_Virus Well-Known Member

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    #2
    should 3 working days, that is what one of the employee of HDFC bank told me.
     
    Red_Virus, Mar 17, 2010 IP
  3. linkstrade

    linkstrade Active Member

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    #3
    what is the wire transfer??
     
    linkstrade, Mar 17, 2010 IP
  4. indian_seo

    indian_seo Peon

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    #4
    3 - 5 days it should take
     
    indian_seo, Mar 17, 2010 IP
  5. Snipers

    Snipers Peon

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    #5
    Snipers, Mar 17, 2010 IP
  6. hopeless4

    hopeless4 Active Member

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    #6
    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!
     
    hopeless4, Mar 17, 2010 IP
  7. slogold

    slogold Peon

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    #7
    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
     
    slogold, Mar 17, 2010 IP
  8. david.michael

    david.michael Active Member

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    #8
    one week

    mine takes 7 days
     
    david.michael, Mar 17, 2010 IP
  9. Snipers

    Snipers Peon

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    #9
    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
     
    Snipers, Mar 17, 2010 IP
  10. keerthi143

    keerthi143 Well-Known Member

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    #10
    yes it depends on location and bank too.. it may take a week to arrive your money.
     
    keerthi143, Mar 17, 2010 IP
  11. tempest-tossed

    tempest-tossed Active Member

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    #11
    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.
     
    tempest-tossed, Mar 17, 2010 IP
  12. Snipers

    Snipers Peon

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    #12
    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.
     
    Snipers, Mar 17, 2010 IP
  13. fiqri

    fiqri Peon

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    #13
    usually take 4 -7 days working
     
    fiqri, Mar 17, 2010 IP
  14. Snipers

    Snipers Peon

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    #14
    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.
     
    Snipers, Mar 18, 2010 IP
  15. frendz

    frendz Peon

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    #15
    Hey Snipers
    Nice to know you recieved your money.
    Could you mention how much hdfc charged you and for what amount?
     
    frendz, Mar 18, 2010 IP
  16. Bohra

    Bohra Prominent Member

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    #16
    How big was ur transcation did bank ask for anything ??
     
    Bohra, Mar 18, 2010 IP
  17. Snipers

    Snipers Peon

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    #17
    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.
     
    Snipers, Mar 18, 2010 IP
  18. Snipers

    Snipers Peon

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    #18
    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
     
    Snipers, Mar 18, 2010 IP
  19. tempest-tossed

    tempest-tossed Active Member

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    #19
    I think, they will send you a copy of FIRC that they will send to RBI within 15 days..
     
    tempest-tossed, Mar 18, 2010 IP
  20. dhpd22

    dhpd22 Peon

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    #20
    it ll take 3 to 7 days. Just be patience and you ll get your money for sure :)
     
    dhpd22, Mar 18, 2010 IP