How to Track a Wire Transfer You Sent
In the increasingly complex world of finance, even something as simple as transferring money from one account to another can go awry for any number of reasons. The reality of the situation is that the onus of responsibility is on the two parties involved to take proactive steps to follow the transfer every step of the way and initiate working with the financial institutions involved in the event that something goes wrong.
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Things You'll Need
- Beneficiary information
- Beneficiary agency information
- Computer
- Confirmation or tracking number
- SWIFT code (international transfers only)
- Telephone
Instructions
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Gather up all of the information regarding the wire transfer into one easily manageable location. By being able to access whatever information you need in a quick and efficient manner, you'll have a much easier time both in filling out Internet wire transfer tracking forms before the pages time out and in expediting your dealings with any other individuals at the relevant banks or wire transfer agencies that you may have used.
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Contact the agency that initiated the wire transfer. Banks as well as companies specializing in wire transfers like Western Union will typically have an option to track the transfer online or provide you a specific phone number you can call to obtain assistance. Be sure to pay attention to the estimated date that the initiating agency predicts that the wire transfer will be completed.
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Confirm with the beneficiary that the money either has or has not been successfully received upon the predicted date of delivery. If the beneficiary has not received the transfer, check the current status of the wire transfer with the initiating agency to see if they offer any explanations for why the transfer is delayed.
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Call the beneficiary agency that is supposed to receive the wire transfer and inquire about its current status. Help them investigate possible typos on the forms that could have caused a delay or mis-delivery of funds, such as illegible numbers or common misspellings of names.
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Call the initiating agency if the beneficiary agency has no record whatsoever of receiving the wire transfer. Once again, assist them in investigating any possible typos in the form that could have caused the delay, and have them investigate where the wire transfer is reported to have been delivered to. In the event of a mistake on their part, most reputable agencies will cancel the transfer and either refund the amount of the transfer to your account or reinitiate the wire transfer altogether.
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Tips & Warnings
Remember that the people you are dealing with at both the initiating and the beneficiary agency aren't personally responsible for any delays in the wire transfer you may be experiencing. A calm and collected approach to dealing with the staff at these agencies will prove much more effective than an emotional accusatory tone.
Never throw away any receipts or other paperwork regarding the transfer.
References
Resources
- Photo Credit Transfer of money from hands in hands image by Irina smolina from Fotolia.com
