Quote:
Originally Posted by plaster
If my bank did not contact me immediately about 20K I'd go ape shit.
If you read this thread I asked a question in it... it was how does a PO Box send a wire?
I already knew the answer to the question and Ruth confirmed it... they scrubbed the wire based on address of bank account holders address and I suppose rejected the first wire.
That.... Is.... Fucking.... Stupid.
Paxum has some kind of MASSIVE scrub and the only people that this scrub hurts is account holders. In fact, it actually makes it easier for people to scam paxum account holders because by the time a legit account holder can verify they are legit, the scammers are long gone.
It's fucking ridiculous what you people will tolerate as far as your money goes.
And the OP confirmed my suspicions... he has made MILLIONS of transactions in the past with the SAME BANK ACCOUNT information and not until now did it get scrubbed. Why in the mother fuck would any banking, money passing, organization do that to a long time customer?
Before you get all fucking self righteous remember this... the money that is sent through wire or any other means IS YOUR FUCKING MONEY! Demand that the money in question is tracked properly and anything short of that is NOT acceptable.
Glad it all worked out though  |
Choice bank made some adjustments recently, and as a result they will no longer accept any incoming wires from a PO Box. That is why the previous wire problem for this client was encountered. We were not advised about this change in advance.
All funds sent through wire transfer can be traced by the remitting bank at any time, or recalled if requested by the customer before the funds arrive to their destination. When you send funds via Wire transfer those funds should always be traceable through the banking system.
We may do a lot of business with Choice bank, but we must still follow their rules and terms of service, and if they will no longer accept incoming wires from PO Box addresses associated with the sender's bank account, then our hands are tied and we, and by extension our clients, must comply with the new rules.