For those of you following the saga of the 18 grand I wired to BanColombia.......

quantum says on Dec 1, 2008, 14:46:

Sounds like Costa Rica in the old daze circa 1990-95. U eventually get yur money back but they get to play with it for awhile. Multiply yours by 10,000 and imagine the extra profits they skim. Thats the banking game for ya......

quantum

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Mononoke28 says on Dec 1, 2008, 15:25:

Phew!!! Good for you!

Diana

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Cheers Terry says on Dec 1, 2008, 16:08:

What a absolute joke their banking system is.

Congrats on getting it back.

Cheers,
Terry

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manINred says on Dec 1, 2008, 16:29:

That's because the Colombian banks don't mind stealing money from their customers, and they don't mind being overt about it.

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calipro says on Dec 1, 2008, 16:52:

gringoloid

If someone is going to file a form 4 and 11 I don't see anyway around wiring the money down to BanColombia or some other bank in Colombia.

According to BanColombia if I had been in Colombia to accept the wire with the documentation that they asked for they would have deposited the money into my account.

I'm going to meet with a BanColombia official this Wedsday to discuss what happen and present my documents to see if I can get some kind of guarantee that my funds will be deposited the next time I wire money down.

If not I think I'll just start renting instead of buying.

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calipro says on Dec 1, 2008, 17:08:

I'm certainly open to looking at other ways of getting money into Colombia.

Does Helm Financial Services have an office in Cali?

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calipro says on Dec 1, 2008, 17:16:

Brians

I don't know how to contact the wire department of BanColombia but my Chase Bank here in the states was sending a request through the official wire channels and wasn't getting any kind of a reply what so ever.

I guess someone at BanColombia reads a little english because the money just showed up unannounced in my bank account today.

I did file a complaint with the Defensor del Cliente so maybe that was why the money was returned.

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twmcm says on Dec 2, 2008, 06:21:

Assuming it is a SWIFT, the originating bank can take it back under many circumstances.

Or did you simply do a Fedwire to their correspondent in the US? That can't be easily rescinded by the sender, but you have other recourse.

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wabbits says on Dec 2, 2008, 10:22:

I myself had planned to wire a much smaller amount of 3k to a friend's account here. It it safe to assume it will go more smoothly, as it is under 5k? or would it be better to simply withdraw from the ATM? (I'd prefer the transfer because the atm charges me 1%).

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pedro (☼Travelguide writer) says on Dec 2, 2008, 10:47:

Noelito40 says on Dec 2, 2008, 11:03:

Gloid, I'm with Banco de Credito too (Part of the Helm Group), and I had no problems transferring a sizable chunk from Ireland to Colombia, back in April. They even had an intemediary dollar account, so I was able to transfer my euros to USD, then their broker watched the USD v COP rate and when it was at a reasonbale rate, she called me and okayed the transfer. All in all went pretty smoothly, and only took about 10 days...

Noelito

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paisa29 says on Dec 3, 2008, 05:23:

Wabbits...disculpa la intromisión, yo se que este no es mi
tema pero te recomiendo que escuches lo que dice
pablo (amigo) y tambien gringoloid, ellos llevan algún tiempo aquí
y saben como funcionan estas cosas,
Es una lastima que (Gringoinbogota) ya no esté en el foro
porque es alguien que tambien sabe bastante sobre finanzas,
pero si tu deseas puedo ponerte en contacto con él.

"Fill the earth with the light and warmth of hospitality" Conrad Hilton

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