vania-janet/multiturn-rag-retrieval-data huggingface dataset:
A quick search shows that https://www.westernunion.com/de/en/send-money/start.html says they will transfer €5,000 for a cost of €2.90. Assuming you can do a transfer every week, that would be six weeks at a cost of €17.40. €17.40 is slightly less than €1,500.00. I'm sure there are more ways.
If you have quoted an incorrect number, and the transfer has happened, it cannot be reversed. The funds are already with the individual and bank cannot debit the individual without his authorization. The best course for you is to try get the details of the individual and see if the funds can be moved to the correct account.
Do an semi-online transfer. I had a similar situation where i had to transfer 5K USD to a commercial entity. You can request the publisher to give you their bank account details. You will need the SWIFT code of the bank( SWIFT code is a international code that each bank gets to transfer money) You will need bank account number, account name, bank address, address of the publisher. Then just walk into your bank with the above details. Note that you will have to visit a branch in your city that allows forex transfers. They will give you a set of forms to fill up. The above details will be needed to fill up these forms In addition to the above, you will be asked to fill up a purpose code maintained by RBI.  This code is used by RBI to understand the reason why you are transferring the money. The bank will provide you with a sheet which will have these codes and explanation of these codes. Read through the codes and in case of any questions ask the bank officials to help Tip: If you have accounts with any private sector banks, please approach them. Public sector banks will give you tough time  Hope this helps! Regards, Ravi
Most definitely all wire transfer above a significant amount would be flagged as a suspicious transaction. Nevertheless, as long you provide the Final beneficiary information (name and account number), the bank will process the remittance.
Contact the bank where the money is being sent. They should have a record of it, and they will know what happened to it.  In some, maybe even most, banks accounts are never truly closed, they are just made inactive. If that is the case with this bank the 300 euro may be sitting in the account as a credit. If they have the money, ask for them to send it to back by reversing the transaction. If it has been too long they may have another procedure for refunding the money. They might even send it by check. If they already reversed the transaction, contact your bank to determine where the funds went.
Generally, unless you're doing a wire transfer, bank transactions are processed in batches overnight. So the credit card company won't be able to confirm your transfer until the next business day (it may take even longer for them to actually receive the money).
Try looking at Transferwise. They have low fees and often beat the banks. They (broadly speaking) work by finding people who need to convert money the other way round and then just push money around in the respective local currency.
A non-cash transaction will not be a problem. The bank will have to fill out federal paperwork if there are large amounts of cash involved.  This is to stop the underground economy.  This can even extend to non-banks. If you were to walk into a car dealer or some other stores and hand them a bag  of cash they will also report it. You can do what you propose without having to transfer any money between accounts. Your girlfriend can put the furniture and landscaping on her credit card, or write checks to the stores or companies. Based on the number of questions on this site regarding how to transfer funds between banks and accounts, the mechanics of the transfer is the hard part. Resist the urge to use cash to make the transfer. That will require paperwork. Many people find that the old standard of using checks to transfer funds is easy, safe and quick.
Your credit card company will send you funds, probably a paper check, if you have a negative balance.  So this situation will not last long.  I'd guess 3-6 months at most, depending on the company's procedures.
International wires using SWIFT are reliable way of getting funds. The issue could be because you are not giving the right details to your counterparty. Any incorrect details on wires would get it rejected. The timelines typically would be around 2-4 days depending on various things. There are alternatives like getting a paper check mailed to you and you cash it [this takes more time] or depending on which countries you operate in, there could be special remittance services.
Your plan will probably work. I speak from past experience approx 5-10 years ago, when Lloyds used to offer tiered interest of up to 4% on £5000 in their Vantage accounts. It was allowed for an individual person to have up to three Vantage accounts. The criteria for obtaining the headline interest rates were simply: What I, and many others, did was to set up three Vantage accounts, call them A, B, and C, and a standing order on each to transfer minimum amount + £1 on the same day each month in this manner: This satisfied the letter of conditions, though perhaps not the spirit. Most importantly it satisfied the bank, and all three accounts received that headline interest rate. These days banks have got a little wiser to this and have started including the 'set up n direct debits' condition, which makes this a more time-consuming system to arrange - you must assign your various bills across your accounts - but I believe that the overall plan still works. They don't care where the money comes from, or whether it stays - just that it comes in. Enough people get it wrong that they don't have to worry about the few who get it perfectly right (see also: how 0% balance transfer offers can be profitable...)
You're 100% correct here. This is without a doubt on me. But it's still absurd do to me making a mistake about one large transaction bringing my balance negative, every small transaction past it is getting hit with a $35 dollar charge. Multiple transactions that a few dollars become an almost $50 dollar purchase a pop. They're making a killing off of people trying to make a living.
At each step, you narrow the range of possible account balances by a factor of two. Consequently, after about a dozen or so steps, you will likely know their balance to within a few dollars. (Computer scientists know this procedure by the name ""binary search"". The rest of us may recognize it as akin to a game of ""20 questions"".) If this bothers you, you may be able to protect your self by calling up your bank and asking them how to prevent it. When I talked to my bank (Bank of America), they told me they could put a fraud alert flag on your account, which would disable the merchant check verification service for my account. It does mean that I have to provide a 3-digit PIN any time I phone up my bank, but that's fine with me. I realize many folks may terribly not be concerned about revealing their bank account balance, so in the grand scheme of things, this risk may be relatively minor. However, I thought I'd document it here for others to be aware of."
"Wells Fargo uses a service called clearXchange (update: it is now called Zelle) to do this transfer without an account number. This is the same service Bank of America uses, so when you configured your account to be linked to clearXchange, Wells Fargo customers can use it the same way Bank of America customers can.  This also applies to Chase bank. Since your bank is a member, they've integrated the service into your online bill pay: If your bank is a clearXchange member, you will need to use your current online or mobile banking service to send and receive payments. If you hadn't previously configured it through BofA, you'd have been taken to their site to register an account in order to receive the money, it seems. They explicitly point out here that they will automatically deposit any money you receive through their service without your having to ""accept"" the payment like you would from other P2P pay services.  If you don't want to use this service anymore, I suggest contacting your bank, but if they can't or won't help you, you can contact clearXchange customer service to have your account closed."
"It's not usually apparent to the average consumer, but there's actually two stages to collecting a payment, and two ways to undo it.  The particular combination that occurs may lead to long refund times, on top of any human delays (like Ben Miller's answer addresses). When you pay with a credit card, it is typically only authorized - the issuing bank says ""I'm setting this money aside for this transaction"", but no money actually changes hands.  You'll typically see this on your statement as a ""pending"" charge.  Only later, in a process called ""settlement"", does your bank actually send money to the merchant's bank.  Typically, this process starts the same day that the authorization happens (at close of business), but it may take a few days to complete.  In the case of an ecommerce transaction, the merchant may not be allowed to start it until they ship whatever you ordered. On the flip side, a given transaction can be voided off or money can be sent back to your card.  In the first case, the transaction will just disappear altogether; in the second, it may disappear or you may see both the payment and the refund on your statement.  Voids can be as fast as an authorization, but once a transaction has started settlement, it can't be voided any more.  Sending money back (a ""refund"") goes through the same settlement process as above, and can take just as long. So, to specifically apply that to your question: You get the SMS when the transaction is authorized, even though no money has yet moved.  The refund money won't show up until several days after someone indicates that it should happen, and there's no ""reverse authorize"" operation to let you or your bank know that it's coming."
Typically, you can chose in the transfer if you want to transfer in target currency or in source currency. If you chose source currency, the receiving bank (for you, in India) does the conversion, and charges the fees. If you chose target currency, the sending bank does the conversion and charges the fees. The advantage is that they offer to generate a defined amount in the target currency, so you can pay a bill exactly. Either way, one of the two banks is going to charge you. It absolutely depends on the banks which fee is higher. From personal experience, between Europe and the US, either direction mostly the receiving bank is cheaper ('incoming fees' are set lower than 'outgoing'). I can't say for India; you need to check with your bank.
Nowadays, the field is irrelevant for processing the transfer and completely ignored by the banks. Pretty much the only purpose it has is for documenting whom you intended to send the transfer to. If you mistakenly send a transfer to the wrong person (which is becoming extremely unlikely with the IBAN due to the builtin check digits) then they are mandated by law to give it back to you. If they refuse to do so and you end up going to court, the content of that field could be important to prove them wrong if they claim they are the rightful recipient.
Is this the time of year this board attracts question regarding the law and how to skirt it?  I've done as you suggested. I happened to have a month that I was going to blow through the $12000 limit I had on my credit card. So as the balance crossed $8000, I paid that amount, and when the bill was cut, it was just $4000 or so. Scrutiny would show the reason for partial payments was obvious, I wanted to avoid going over limit. I wouldn't have done so just to avoid the $10,000 transaction. Since then, I've asked that the limit be raised in case I have another wild month.
The typical scam is that they overpay you - 'accidentially', or for some obscure reason they claim, and they ask you to wire the extra money either back or to someone else. Because you wire it, that money is gone for sure. Then they undo the original transaction (or it turns out it was fake anyway), and you end up with a loss. Maybe he claims that he wants to buy some more stuff, and the fees are high, so he sends you all the payments in one amount, and you pay the other sellers from it, something like that. There are honest nigerians though, actually most of them. Either way, the real problem is that the original payment is fake. Whichever way it comes to you, you need to make sure that it cannot be reversed or declared invalid after you think you have it. Wire transfer is the only way I know that is not reversible. Bank transfers are reversible; don't think you have it just because it arrives in your bank account. Talk to your bank about what all can happen. If you make the deal, when you send the bike, think about insuring it (and make him pay for that too). That way, you are out of any loss risk.
The company that sold of the debt, does write off the loan [and books loss on balance sheet]. Depending on the Company's policy the amount written of as loss varies. Some Companies only show loss on Principal for the outstanding period [The interest income and charges is not booked]. Some companies would show loss on Principal and the accrued unpaid interest ... So if the total outstanding is say 10,000 and it was sold to collector at say 3,000/- the balance 7,000 is written off as loss. There are multiple reasons, one they don't have time or there are only few cases. But most of the times when on initial delay in payment, it goes to a collection agency for follow-up [and the loan is not actually sold]. The agency gets a commission [around 10-15%] for every successful payment they recover.... its only after some period it actually gets sold completely to the agency for a heavy discount price. Often at 10% the actual value. The collection agency works on threat technique, if they get 50% of face value, they may loss that threat perception and everyone would not pay even if they can ... so it makes more sense for them to get 200% of face value [added interest, charges and other stuff] from one customer rather than get 50% from 4 customers ...
"The best answer to this is: Read the fine print on your credit card agreement. What is common, at least in the US, is that you can make any charges you want during a time window.  When the date comes around that your statement balance is calculated, you will owe interest on any amount that is showing up as outstanding in your account.  Example...  To revise the example you gave, let's say Jan 1. your account balance was $0. Jan. 3rd you went out and spent $1,000.  Your account statement will be prepared every XX days... usually 30. So if your last statement was Dec. 27th, you can expect your next statement to be prepared ~Jan.24 or Jan. 27.  To be safe, (i.e. not accrue any interest charges) you will want to make sure that your balance shows $0 when your statement is next prepared.  So back to the example you gave--if your balance showed $1,000... and you paid it off, but then charged $2,000 to it... so that there was now a new set of $2,000 charges in your account, then the bank would begin charging you interest when your next statement was prepared.  Note that there are some cards that give you a certain number of days to pay off charges before accruing interest... it just goes back to my saying ""the best answer is read the fine print on your card agreement."""
What legal way can I take what I am owed from this guy? The legal ways are for this guy to transfer you the money or give you instructions that will allow you to get the money.  Alternatively you would need to file a civil suite to recover the funds. What illegal way do people use this info if they had it? I don't want to get in trouble, but I'm just curious because you always hear how easy it is. There are quite a few illegal ways. I don't think this is the right forum to discuss this.
"TLDR:  Why can't banks give me my money? We don't have your money. Who has my money? About half a dozen different people all over the world. And we need to coordinate with them and their banks to get you your money. I love how everyone seems to think that the securities industry has super powers.  Believe me, even with T+3, you won't believe how many trades fail to settle properly.  Yes, your trade is pretty simple. But Cash Equity trades in general can be very complicated (for the layman).  Your sell order will have been pushed onto an algorithmic platform, aggregated with other sell order, and crossed with internal buy orders. The surplus would then be split out by the algo to try and get the best price based on ""orders"" on the market.  Finally the ""fills"" are used in settlement, which could potentially have been filled in multiple trades against multiple counterparties. In order to guarantee that the money can be in your account, we need 3 days. Also remember, we aren't JUST looking at your transaction. Each bank is looking to square off all the different trades between all their counter parties over a single day. Thousands of transactions/fills may have to be processed just for a single name. Finally because, there a many many transactions that do not settle automatically, our settlements team needs to co-ordinate with the other bank to make sure that you get your money. Bear in mind, banks being banks, we are working with systems that are older than I am. *And all of the above is the ""simplest"" case, I haven't even factored in Dark Pools/Block trades, auctions, pre/post-market trading sessions, Foreign Exchange, Derivatives, KYC/AML."
There are many different things that can happen, all or some. Taking Russia and Argentina as precedence - you may not be able to withdraw funds from your bank for some period of time. Not because your accounts will be drained, but because the cash supply will be restricted. Similar thing has also happened recently in Cyprus. However, the fact that the governments of Russia and Argentina limited the use of cash for a period of time doesn't mean that the US government will have to do the same, it my choose some other means of restraint. What's for sure is that nothing good will happen. Nothing will probably happen to your balance in the bank (Although Cyprus has shown that that is not a given either). But I'm not so sure about FDIC maintaining it's insurance if the bank fails (meaning if the bank defaults as a result of the chain effect - you may lose your money). If the government is defaulting, it might not have enough cash to take over the bank deposits. After the default the currency value will probably drop sharply (devaluation) which will lead to inflation. Meaning your same balance will be worth much less than it is now. So there's something to worry about for everyone.
- Some small businesses have information-security routines in place where only one person is allowed to process credit-card payments, but where multiple customer service reps are allowed to accept the CC info, write it down on one piece of paper, then either physically hand the paper to the person with processing rights, or deposit the paper in a locked office or mail-slot for later processing. This is obviously not an instant-update system for Chase. (Believe it or not, this system is actually considered to be *more* secure than retaining computerized records unless the business has very rigorous end-to-end info security). So... there are a bunch of legit reasons why a CC company can't necessarily tell you this instant that you only need to pay $x and no more to close the account (although there is no good reason why they shouldn't be able to quote your current balance). What happens when you ""close an account"" is basically that they stop accepting new charges that were *made* after your notification, but they will still accept and bill you for legit charges that you incurred before you gave them notice. So basically, they ""turn off"" the credit-card, but they can't guarantee how much you owe until the next billing cycle after this one closes: - You notify them to ""close"" the account. They stop authorizing new charges. - Their merchant agreements basically give the merchant a certain window to process charges. The CC company process legit charges that were made prior to ""closing"" the account. - The CC company sends you the final statement *after* that window for any charges has expired, - When that final statement is paid (or if it is zero), *THAT* is when the account is settled and reported to Equifax etc as ""paid"". So it's hard to tell from your post who was being overly semantic/unreasonable. If the CC company refused to tell the current balance, they were just being dickheads. But if they refused to promise that the current balance shown is enough to instantly settle the account forever, they had legit reasons. Hope that helps."
"The term for money owed to you by a company would be a credit balance.  Consider, when an item is credited to your account, it's in your favor. Whereas, money you owe to a company may be referred to simply as a balance, or balance owing, or less frequently a debit balance.  A related term balance due would be the payment you owe in the current period, i.e. not representative of the entire amount owed. I don't think the terms ""positive balance"" or ""negative balance"" are considered idiomatic in business.  Rather, accounting terms like debit and credit have taken hold instead – and are often a source of confusion. But I suggest that if you have a negative balance on a credit card, it's a credit balance in your favor.  Unless they mix it up."
A. Bank transfer is the normal way to do it. The Law Society will (eventually) make good any losses incurred on money held by solicitors acting fraudulently, so your money should not be at risk, provided you make sure to transfer the money to the account number your solicitor gave you. B. It's not just normal but essential to transfer the money before exchanging contracts, since the deposit has to be paid by your solicitor to the vendor's solicitor as part of the  exchange process. You can't wait to pay the deposit until after you've exchanged, because you haven't exchanged until you've paid the deposit. C. If you really want to put down the 10% deposit now and pay the rest upon completion, that should be possible -- talk to your solicitor about it.
"If the amount is large, ""wire transfer"" is usually the cheapest option. Mane banks have online option for it."
Ask them to send a SWIFT payment [aka International Wire]. You would need to give them your bank details, essentially Bank Account, Bank Name & Address, SWIFT BIC, etc. Almost all Public Sector Bank and all leading Private scetor banks are members of SWIFT and can give you a the SWIFT BIC. If you are not sure about other party, it would be wise to open a new account and give the details of this account rather than your normal account.