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Author Topic: Wire transfer laws
TheHumanTarget
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Does anyone know how long a wire transfer could be held for review prior to it being deposited into an account?
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Nighthawk
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If it's out of state, and especially out of the country, I've had it take upwards of 3-5 days, depending on the amount. Usually, though, this delay is only the first time you do a wire transfer between two specific parties; it's much easier an faster after the initial approval.
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Libbie
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It *can* be held up to 10 business days. That usually doesn't happen, though.

(I used to be the wire transfer master of a large corporation. I'm glad those days are over).

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TheHumanTarget
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Assume that it's a domestic transfer, first time occurence...
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TheHumanTarget
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Libbie,
Did the transfer amount play any part in the delay, or was it simply a set of repetitive actions that had to occur on any transfer?

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TheHumanTarget
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My insatiable need to know requires that I bump this.
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