Dave's ESL Cafe's Student Discussion Forums

ad-miral · Joined: 01 Sep 2006 Posts: 1488

The dad of a friend has got a problem. He is a teacher in pension, but he got 46 thousand dollars because of his work, from the government. Now, the government wants to give him the money, but the bank doesn't want to transfer this money to his dad. So, what should he do?

Is it legal for a bank to refuse transferring the money? Can the father do anything against it? Shall he just wait?

I would be very glad if you can help him.
thank you
_________________
If I say "I love you" to someone, then I also have to say "I also love everyone else inside you, I love the whole world because of you, I also love myself inside you." -- Erich Fromm, the Art of Love

hoshi · Posted: Fri Apr 27, 2007 2:45 pm Post subject:

Here in CR banks are not allowed to do that. There are a lot of banks so if his actual bank doesn't want to transfer the money he can choose another one. I would apply for another bank and then I would forget the last one because of the bad service
_________________
God gave us two ears to hear, two eyes to see and two hands to hold. But why did God gave us only one heart? Because He wants us to find the other one!

beancurdturtle · Posted: Fri Apr 27, 2007 4:27 pm Post subject:

In what country is the bank?

From what country does the money originate.

If I was to guess, I would say that tax laws of the originating country may not allow the distribution of pension funds to anyone but the beneficiary.

Pension funds are usually Trust Funds, and the rules of distribution are very strict. Also, they are often tax advantaged income or distributions, so the person recieving the funds is taxed differently than for usual distributions.

Too much to guess to know if there is an easy solution.
_________________
Daniel

�Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.�
--Dr. Seuss

Bob S. · Joined: 29 Apr 2004 Posts: 1767 Location: So. Cal

The bank can't just refuse to give the money. They must have a valid reason to hold it for a while. If it was an electronic transfer, perhaps the bank is not set up for that thing if it is a small bank. If the government gave him a check (cheque?), sometimes there is a time delay before they can give you the money. Because the check is for so much money, the bank may be waiting for the check to clear the clearance house that processes checks and transfers funds from one bank to another. That can take a week or more.

Oriani · Joined: 13 Oct 2006 Posts: 208 Location: Venezuela

Well, that happened to my dad!! My dad almost suffered a heart attack when he got the news... We don't know what todo. My dad has to go to the Capital next wednesday but we already know we're not going to get good news Crying or Very sad

Oriani · Joined: 13 Oct 2006 Posts: 208 Location: Venezuela

ad-miral · Joined: 01 Sep 2006 Posts: 1488

Give us more information pls
_________________
If I say "I love you" to someone, then I also have to say "I also love everyone else inside you, I love the whole world because of you, I also love myself inside you." -- Erich Fromm, the Art of Love

pugachevV · Joined: 16 Jan 2003 Posts: 2295

Well, it's Venezuela.
I imagine there's some problem because of stupid law to try to deal with drugs but the bank must have explained what the problem is, or don't they do customer service in Venezuela? Also every day they keep the money they can earn interest on it.

StephenLong · Joined: 14 May 2007 Posts: 173

hi ad-miral,

why don't you ask a lawyers' agent for that?
i think it could be more professional than anyone here.