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huh? I successfully sent a $60k same-day wire with Fidelity, for my mortgage downpayment. The escrow company confirmed they got it by end of day. My father in
by lurking_swe 2y ago
huh? I successfully sent a $60k same-day wire with Fidelity, for my mortgage downpayment. The escrow company confirmed they got it by end of day.
My father in law once purchased a home with “cash” and sent an $800k same-day wire (vanguard or fidelity - i forget). Also went through successfully.
First time i’ve heard of this. Can you share more details? Any reading material?
- lmz 2y agoMy guess is any kind of "suspicious" wire can be held for manual review.
- toomuchtodo 2y agoThis is true, but so can any Zelle or other real time payment if flagged by fraud or anti money laundering heuristics.
- pishpash 2y agoLots of reasons, joint accounts, name mismatch, weird names, fat finger by bank employee, missing odd info deemed necessary by the receiving bank, fraud/money laundering holds. One of my very normal wire transfers of not even a huge amount arrived next day for no reason, defeating its purpose, and neither Fidelity nor the receiving bank had any explanation, or really knew anything about it, without a formal trace. Fidelity after all is not a bank. They'd have to check with their own bank.