India to Canada wire transfer- timeline?

Question

My husband got a contract job in India working for a major corporation. He has been under contract with them for a month now. They assured him they would have him paid within a week (that was 3 weeks ago). then, they promised us last week, then this week- they said they called the Canadian govt and the wire transfer for pay had been held up by the Canadian government, due to it being a large sum of $ (over $10000). 

I am wondering what the usual timing is for a wire transfer from INDIA into Canada. How long does it usually take to clear into our bank? They tell us they sent it October 7 and it is still not here. They told us they are tracing the money, but I am really getting worried- it is our only source of income right now, and we are SCREWED without it. 

It would make me feel better if I could find out how long these transfers usually take. Thanks.

cactusgene · Accepted Answer

A wire transfer is available at the receiving bank the next business day after it was made. The money should be available for withdrawal immediately, as it is the equivalent of a cash deposit.

There is a reporting requirement for transactions over $5,000, however that does not affect its availability to you. The federal government would never get in the act, unless either the sender or receiver are on a terror watch list.

Something sounds very fishy here. Call your bank where the money was supposed to be sent to and tell them the stories you were told. See what their response is. Good luck and I pray you will get your money soon.

petrich · Answer

hi sabi2010, that's The financial business enterprise which furnish cord flow facility is a million. flow union money flow 2. HDFC has the optimum top of A.T.M branch in sikkim in India additionally ther r many different financial business enterprise's virtually all All this Banks r been inspired via the Reserve financial business enterprise Of India

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India to Canada wire transfer- timeline?

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