Why does my remittance take so long and has not arrived after more than three working days?

Remittances usually arrive on the same working day, but if they have not arrived after more than 3 working days, it may be due to the following reasons:

Cross-border remittance:

Cross-border remittances usually need to go through intermediate banks or clearing banks, and processing time may be extended.

Time zone differences and inconsistent working hours of banks in different countries can also cause arrival delays.

Bank processing time:

Different banks have different processing speeds, and some banks' internal processes may be slow.

Banks usually do not process remittances on weekends and holidays, which will extend the arrival time.

Fund clearing and review:

Large remittances may trigger additional bank review and verification, especially when involving anti-money laundering (AML) and know your customer (KYC) procedures, processing time may increase.

Incomplete or incorrect information:

If the payee information provided (such as bank account number or SWIFT code) is incomplete or incorrect, the bank may contact you for correction, which will cause processing delays.

Whether the payee's account is activated, if not activated, the remittance will not arrive

Bank policy differences:

Different banks' remittance policies and processes may differ, and some banks may need longer time to process inter-bank remittances.

How to avoid remittance delays:

Confirm that all remittance information (such as payee name, account number, SWIFT code, etc.) is accurate.

Plan remittance time in advance, especially when it needs to arrive before a specific date.

Consult the bank before remittance to understand possible processing time and potential delay reasons.

Solution:

Confirm the accuracy of remittance information, including payee name, bank account number and SWIFT code.

Contact the remittance bank directly to inquire about the status and specific reasons of the remittance.

Ask the payee to contact their bank to confirm whether the remittance has been received or if there are processing issues.

Be patient, if it has not arrived after several working days, you can follow up further.

For example, if you initiate an international remittance on Thursday, Friday is a banking working day, but banks do not process business on weekends, then the remittance may arrive on Monday or Tuesday of the next week.