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Missing Bank Transfer

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on Jun1 - I spoke with bank who were offering 0% interest for bank transfers from other credit cards.  Never done before - but I asked for two of my cards balances to be
transferred to this bank.  All agreed.  Was advised that it might take a while for these transactions to show up.  One went through fine - the other - the money has not as yet shown up.  I called the bank that was supposed to have sent the money to pay off credit card.  Initially they told me it had been sent and I should deal with credit card.
Long story short - despite Missing Bank Transfer reports being initiated by credit card company who didn't receive money.  Now they initiated Missing Funds Report.
Bank who sent money also now done Missing Bank Transfer.  Who is responsible for chasing this - anyone have experience in this please?

Comments

  • MorningcoffeeIV
    MorningcoffeeIV Posts: 1,945 Forumite
    1,000 Posts First Anniversary Name Dropper
    They'll both need to look into it, to see where the transfer fell over.

    Has the BT appeared on your new card?
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 July 2023 at 8:16PM
    The sending bank is responsible for tracing the money (i.e. the bank that you transferred the balance to).
  • JVP2
    JVP2 Posts: 2 Newbie
    Second Anniversary First Post
    Yes the new card has the balances from both cards plus its also still on original card
  • born_again
    born_again Posts: 20,547 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 11 July 2023 at 8:35AM
    JVP2 said:
    on Jun1 - I spoke with bank who were offering 0% interest for bank transfers from other credit cards.  Never done before - but I asked for two of my cards balances to be
    transferred to this bank.  All agreed.  Was advised that it might take a while for these transactions to show up.  One went through fine - the other - the money has not as yet shown up.  I called the bank that was supposed to have sent the money to pay off credit card.  Initially they told me it had been sent and I should deal with credit card.
    Long story short - despite Missing Bank Transfer reports being initiated by credit card company who didn't receive money.  Now they initiated Missing Funds Report.
    Bank who sent money also now done Missing Bank Transfer.  Who is responsible for chasing this - anyone have experience in this please?

    That makes no sense, as only your CC provider can transfer funds (send) to your bank account. NOT any other bank take the funds from a credit card.



    Life in the slow lane
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 July 2023 at 1:55PM
    JVP2 said:
    on Jun1 - I spoke with bank who were offering 0% interest for bank transfers from other credit cards.  Never done before - but I asked for two of my cards balances to be
    transferred to this bank.  All agreed.  Was advised that it might take a while for these transactions to show up.  One went through fine - the other - the money has not as yet shown up.  I called the bank that was supposed to have sent the money to pay off credit card.  Initially they told me it had been sent and I should deal with credit card.
    Long story short - despite Missing Bank Transfer reports being initiated by credit card company who didn't receive money.  Now they initiated Missing Funds Report.
    Bank who sent money also now done Missing Bank Transfer.  Who is responsible for chasing this - anyone have experience in this please?

    That makes no sense, as only your CC provider can transfer funds (send) to your bank account. NOT any other bank take the funds from a credit card.




    Surely it was a typo - see the last sentence in bold: I asked for two of my cards balances to be
    transferred to this bank.
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