{"id":6921,"date":"2024-11-23T08:42:35","date_gmt":"2024-11-23T08:42:35","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=6921"},"modified":"2024-11-26T04:46:29","modified_gmt":"2024-11-26T04:46:29","slug":"why-international-money-transfer-delaying-7-reasons-experts","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/why-international-money-transfer-delaying-7-reasons-experts\/","title":{"rendered":"7 Expert Reasons for International Money Transfer Delays"},"content":{"rendered":"\n
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Many have a misconception that international money transfers occur instantly. But you must know that sending money \u2018legally\u2019 from India to another country consumes time.<\/p>\n\n\n\n

However, at times outward remittance gets delayed beyond the normal time frame. As a forex company that does more than 1000 transactions per month, there are some points ExTravelMoney officials keep in mind to ensure timely receipt of wire transfers.<\/p>\n\n\n\n

In this blog, you shall go through the top 7 reasons pointed out by our wire transfer experts along with tips to avoid or even solve it.<\/p>\n\n\n\n

Also Read: How Wire Transfer From India to Abroad Actually Works<\/a><\/strong><\/p>\n\n\n\n

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How Long Does International Money Transfers Take?<\/h2>\n\n\n\n

An optimal international money transfer can be completed within a few hours<\/strong> or may take up to a maximum of 5 days<\/strong>.\u00a0<\/p>\n\n\n\n

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7 Reasons Why Your Wire Transfer is Taking Too Long<\/h2>\n\n\n\n
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  1. Compliance Query\u00a0<\/li>\n\n\n\n
  2. Incorrect or Insufficient Payment Details<\/li>\n\n\n\n
  3. Destination Country<\/li>\n\n\n\n
  4. Currency Conversion<\/li>\n\n\n\n
  5. Bank Relationships<\/li>\n\n\n\n
  6. Bank Holidays and Weekends\u00a0<\/li>\n\n\n\n
  7. Different Time Zones<\/li>\n<\/ol>\n\n\n\n
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    1. Compliance Query\u00a0<\/h3>\n\n\n\n
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    \u201cStringent compliance checks for AML, FATF, and LRS regulations often cause the longest delays due to verification procedures to spot potential red flags.\u201d<\/div>