Help with Chaps

HobgoblinBT

helpneededurgently said:

Can the money be held or returned to Lloyds or will it eventually make its way to AIB? Tearing my hair out with the thought of remarketing as I live over 3 hours away and it's now been empty for 8 months.

Yes and yes, both are possibilities.  

 The correct process is for the payment to be chased via the remitting bank, ie the purchaser’s solicitor’s bank.  They will have the data and reference numbers and should be able to send a secure message to the beneficiary bank via the beneficiary bank’s agent to expedite the payment.

boingy

Shakin_Steve said:

helpneededurgently said:

I don't know. I can't find any branches in the UK so I imagine it's Ireland. Would that make a difference to the timeliness. I understand the purchasers surname could have raised a flag...

Purchasers surname? Putin? Escobar?

Farage? Sturgeon?

Hoenir

eskbanker said:

Having said that, if your solicitor already suggested remarketing, that seems premature to me,

The solicitor is perhaps less than convinced that the full story is being told. 

Ballard

A slight aside, but a financial institution doesn’t need to be based in the UK to have access to CHAPS. There are a handful of overseas banks with direct access and I’d be very surprised if there aren’t a sizeable number with indirect access. 


https://www.bankofengland.co.uk/payment-and-settlement/chaps#chapsdirect