I recently requested the transfer of funds from Hungary. My lawyer over there organized the transfer of funds. 3 days later money arrived in Dublin but transfer rejected by my Bank as it was in HUF not Euro. Told by my bank that they returned money immediately. That was 18 days ago (13 working days).
Money has not arrived in Budapest.my lawyer is looking into it over there as I cannot speak Hungarian
I have little confidence in my Bank but what are my next moves vis a vis my Irish Bank.
Is 13 working days a ridiculous period of time?
My Irish Bank, when pressed, told me that waiting up to 10 working days would not be unheard of but also told me that as they rejected receipt of funds ( as they did not have facility to receive foreign currency) the return of the funds to Hungary was not within their control. Thy also said tht the speed was determined by the recipient Bank.
In other words when I compared the speed at which the money arrived here in the first place ( before being rejected) - 3 days- with how long it had taken to get back ( at tht point I believe I was at circa 7/8 working days) I was told that it only took 3 dys because they, Irish bank, were quick thereby implying the fault lay with the Hungarians.
Finally does anyone know if the Payment Services Regulations 2009 apply here. Given that, although not in Eurozone Hungary is in the EU?
Money has not arrived in Budapest.my lawyer is looking into it over there as I cannot speak Hungarian
I have little confidence in my Bank but what are my next moves vis a vis my Irish Bank.
Is 13 working days a ridiculous period of time?
My Irish Bank, when pressed, told me that waiting up to 10 working days would not be unheard of but also told me that as they rejected receipt of funds ( as they did not have facility to receive foreign currency) the return of the funds to Hungary was not within their control. Thy also said tht the speed was determined by the recipient Bank.
In other words when I compared the speed at which the money arrived here in the first place ( before being rejected) - 3 days- with how long it had taken to get back ( at tht point I believe I was at circa 7/8 working days) I was told that it only took 3 dys because they, Irish bank, were quick thereby implying the fault lay with the Hungarians.
Finally does anyone know if the Payment Services Regulations 2009 apply here. Given that, although not in Eurozone Hungary is in the EU?
Last edited: