How long does a telegraphic transfer take?
ben_p posted a topic in French FinanceMy purchase money is due with the notaires on 2nd January. I have a foreign exchange contract with a currency exchange company which was supposed to transfer Euros to the notaires account. I discovered today that my UK high street bank (Natwest) has screwed up and failed to pay my currency exchange dealer through a same day CHAPS transfer which I asked for on 23rd Dec. Apparently some idiot at Natwest apparently keyed in the wrong account number(!!) My bank now says that the earliest it can transfer the money to the dealers is 30th Dec. The dealers have agreed to send the Euros the same day, and say that the receiving bank should get a notification the same day. However this is not the same as getting the money into their account. So my question is, how long would a telegraphic transfer of Euros from a UK bank take to reach a French bank account? Should I keep my fingers crossed it gets there in 2 working days, bearing in mind that banks are closed on 1st Jan, or should I warn off notaire and vendor and risk their wrath and change my travel plans as well?? And you thought French banks were bad...*$%**%% Natwest! Rgds Ben