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The US side froze my money transfer out of BAH

 
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waltgomez



Joined: 03 Jul 2014
Posts: 93

PostPosted: Fri May 18, 2018 4:35 pm    Post subject: The US side froze my money transfer out of BAH Reply with quote

I am on a consultant's visa in the KSA and sent my money through BFC in Bahrain.

After some days, I checked my account in the USA and it was not there. Then BFC contacted me in Saudi by phone and email and told me that there was an email from Chase.

Apparently, they froze my transfer because there was a " sanction program" and they were checking things out.

They needed to know my birth date, my address, who I was, blah, blah.

I guess it had something to do with Iran.

I complied and sent them my DL scan from the USA, my passport scan, gave them my address in Saudi and my address in Bahrain- the hotel I was staying at. I also gave them my phone number.

Took more then a week for them to unfreeze the transfer, and finally it got there.

During the entire PITA ordeal, BFC was always following up on things, sending me emails and calming me down. They were telling me that this was a daily occurrence at BFC.

This guys were really good and professional.


Last edited by waltgomez on Fri Jul 13, 2018 4:00 pm; edited 1 time in total
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veiledsentiments



Joined: 20 Feb 2003
Posts: 17604
Location: USA

PostPosted: Fri May 18, 2018 11:12 pm    Post subject: Reply with quote

Was this your first transfer from the Gulf into this account? I always made sure that my bank back in the US had all the appropriate information before I sent any transfers. I would hope that any further transfers will now go through with no more issues.

For years there was a dollar limit before questions were asked, but that may have changed. For years it was $10K, so I always transferred $9K.

VS
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sheikhitnow



Joined: 29 Dec 2017
Posts: 31

PostPosted: Sat May 19, 2018 2:03 am    Post subject: Reply with quote

I've been with Chase since 1994 and was employed full-time at five or six different employers in the Gulf ME from '92 to 2015. I never had any problems sending money to my Stateside Chase account. I do remember very well how in Dubai, all the way up to 2002, I had to physically go down to this Indian-run bank every month and stand in line to send my salary home. Then in '02 when I got the job at the Petro. Institute in Abu Dhabi I could finally do it all online. I keep hearing these stories about obstacles to sending money back home and am puzzled. Of course, the OP is not on a regular work visa. I always maintained a US address of some kind even though I didn't live there--that satisfied my bank. I seldom had to send as much as $10K at a time, though. One time going on a US home-buying vacation from Saudi, in 1994, I carried about $60,000 in cash and didn't report it. I know, shame on me. But it had gone through the US tax system, so I really didn't care as long as I wasn't caught.
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hash



Joined: 17 Dec 2014
Posts: 444
Location: Wadi Jinn

PostPosted: Sat May 19, 2018 4:51 am    Post subject: Reply with quote

HASH: Decided to delete my posting because it was too technical and confusing and not directly related to the OP's posting.
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scot47



Joined: 10 Jan 2003
Posts: 15318

PostPosted: Sat May 19, 2018 6:41 pm    Post subject: Reply with quote

The OP's tale seems to me isa further reason not to come on a business visa or any other document that says "EMPLOYMENT PROHIBITED"
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waltgomez



Joined: 03 Jul 2014
Posts: 93

PostPosted: Mon May 21, 2018 7:27 am    Post subject: Reply with quote

This was coming from the US side, and not the Saudi side and Chase did not ask for the Saudi visa scan.

They apparently wanted to know who I was and my address because of a " sanction program".

I checked on their website and apparently, there is some sanction going on with Iran thus maybe they were trying to make sure this was not Iran-related money.

Anyway, they released it, and all was well.

Just letting people know that these things are happening, and not to be alarmed if they do.

This was the purpose of my post. Nothing else.

As far as other posters saying " I never had any problem" does not mean that the poster or any other person may not have a problem in the future. I also never had any problem with Chase until now.

Random events like these can happen to anybody at any time regardless of never having happened before.
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scot47



Joined: 10 Jan 2003
Posts: 15318

PostPosted: Tue May 22, 2018 10:29 pm    Post subject: Reply with quote

Walt

Think this one through

Why did u have to go to Bahrain to remit ?
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revilo



Joined: 05 Oct 2013
Posts: 181
Location: Mos Eisley

PostPosted: Sat May 26, 2018 8:51 pm    Post subject: JP Morgan Chase Reply with quote

You gotta love a company whose sole reason is to be a middleman between Saudi banks and American banks. You have to pay them to transfer your money after paying Saudis. The motto at JP Morgan is: F$%K you, pay me now.

I have a Canadian bank account that goes direct from Saudi to Canada. Trouble is, it doesn't pay interest and I gotta file FATCA forms on it.
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scot47



Joined: 10 Jan 2003
Posts: 15318

PostPosted: Tue May 29, 2018 8:44 pm    Post subject: Reply with quote

Banks are moneychangers They are not charitable institutions. their raison d'etre is to make money from dealing in money.
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sheikhitnow



Joined: 29 Dec 2017
Posts: 31

PostPosted: Sat Jun 16, 2018 4:42 am    Post subject: Reply with quote

It's true. I pay a service fee for both incoming and outgoing wire transfers. Services are not free in the financial sector. It's better than paying Western Union fees. However, I can transfer up to $2000 a day for free to a merchant or person using the bank's credit card via a quick-pay function without having to open the card's account page. Then, of course, I pay off that card immediately by transferring money from the checking account. I wanted to send someone $5000 once with this service, but when I found out it was limited to $2k per day, I simply mailed them a cheque.
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eslteacher2014



Joined: 08 May 2014
Posts: 63

PostPosted: Mon Jul 02, 2018 2:03 pm    Post subject: Re: The US side froze my money transfer. out of BAH Reply with quote

waltgomez wrote:
I am on a consultant's visa in the KSA and sent my money through BFC in Bahrain.

After some days, I checked my account in the USA and it was not there. Then BFC contacted me in Saudi by phone and email and told me that there was an email from Chase.

Apparently, they froze my transfer because there was a " sanction program" and they were checking things out.

They needed to know my birth date, my address, who I was, blah, blah.

I guess it had something to do with Iran.
I complied and sent them my DL scan from the USA, my passport scan, gave them my address in Saudi and my address in Bahrain- the hotel I was staying at. I also gave them my phone number.

Took more then a week for them to unfreeze the transfer, and finally it got there.

During the entire PITA ordeal, BFC was always following up on things, sending me emails and calming me down. They were telling me that this was a daily occurrence at BFC.

This guys were really good and professional.


The same thing happened to me also. I have been working in Ksa for the past 5 years as a direct hire with an iqama. Last week I sent my summer pay back to America. However, after 1 week my money still hasn’t come. My bank in Saudi called me and said Wells Fargo which is the corresponding bank that they use froze my money and they needed to verify my personal details.

Has anyone else experienced this ? This is the first time in 5 years that I had this issue.
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nomad soul



Joined: 31 Jan 2010
Posts: 11353
Location: The real world

PostPosted: Mon Jul 02, 2018 2:51 pm    Post subject: Reply with quote

eslteacher2014 wrote:
Last week I sent my summer pay back to America. However, after 1 week my money still hasn’t come. My bank in Saudi called me and said Wells Fargo which is the corresponding bank that they use froze my money and they needed to verify my personal details.

Has anyone else experienced this ? This is the first time in 5 years that I had this issue.

Banks freeze customer accounts for various reasons. Contact Wells Fargo to find out why yours was frozen.

Frankly, you might reconsider having a Well Fargo account given their fraud scandals over the past couple of years.
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eslteacher2014



Joined: 08 May 2014
Posts: 63

PostPosted: Mon Jul 02, 2018 3:13 pm    Post subject: Reply with quote

nomad soul wrote:
eslteacher2014 wrote:
Last week I sent my summer pay back to America. However, after 1 week my money still hasn’t come. My bank in Saudi called me and said Wells Fargo which is the corresponding bank that they use froze my money and they needed to verify my personal details.

Has anyone else experienced this ? This is the first time in 5 years that I had this issue.

Banks freeze customer accounts for various reasons. Contact Wells Fargo to find out why yours was frozen.

Frankly, you might reconsider having a Well Fargo account given their fraud scandals over the past couple of years.

I actually have an account with PNC. But what happens is that my bank in Saudi sends it to Wells Fargo first.
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waltgomez



Joined: 03 Jul 2014
Posts: 93

PostPosted: Fri Jul 13, 2018 3:57 pm    Post subject: Reply with quote

scot47 wrote:
Walt

Think this one through

Why did u have to go to Bahrain to remit ?


Because w/a an Iqama, Saudi banks will not send it. I need to ask a friend to do it and then deposit money into his account and then he needs to send it out of his account. Much iffier than going for a weekend to Manama and sending it from there.
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waltgomez



Joined: 03 Jul 2014
Posts: 93

PostPosted: Fri Jul 13, 2018 3:59 pm    Post subject: Re: The US side froze my money transfer. out of BAH Reply with quote

eslteacher2014 wrote:

Has anyone else experienced this ? This is the first time in 5 years that I had this issue.


It was my first time in 19 years. Never had a problem before.

I think there is now a witch hunt on Iranian money. So anything from the Middle East is suspect.
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