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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Harvey who wrote (1009)9/5/1998 9:19:00 PM
From: Largo  Read Replies (1) | Respond to of 7382
 
Lost is not exactly correct.

The bank says it left and they do not have it. The destination (bank or otherwise says they do not have it) Neither knows where it is and says just wait.

It always appears but it takes time. When pressed to speak to the exact person who transfers the money and receives the money it has left and has not arrived.

In the seventies I would expect this. Nineties I would expect no more than a couple of minutes MIA.

Where it is in the middle, transfer point, twilight zone or someone collecting interest on it I don't know. I just know it's disconcerting if you don't expect it, which I now do.

It doesn't always happen, but offen enough.

FWIW




To: Dr. Harvey who wrote (1009)9/6/1998 9:30:00 AM
From: William W. Dwyer, Jr.  Read Replies (1) | Respond to of 7382
 
I have done a good many bank wire transfers, which is the way I prefer to transfer money between brokers. I really to not trust the U.S. mail. I have never experienced any problems or delays, except that sometimes the broker sending the funds takes longer than they claim to actually do it. Usually, the customer service people mistakenly believe the funds have been sent, but, when pressed, they usually discover that they are, in fact, not yet sent. When doing a wire transfer, it's best to make a few follow-up phone calls and be very sure you give the sending firm the correct information so avoid any mistakes.