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About cost conversion charges involved in transferring funds to UK.?


I TRANSFER MY FUND FROM HONG KONG TO THE PRUDENT INVESTMENT BANK AT UK. THE TRANFER CHARGES THOSE WERE DUE TO THE SENDER PARTY 4 PAYMENT, HAVE NOT BEING PAID. ON ARRIVAL OF MY FUND AT UK THE RECEIVING INSTITUTE INFORMED THAT, I CAN TRANSFER MY FUNDS ONLY AFTER PAYING THE ccc MEANS COST CONVERSION CHARGES. ACTUALLY THIS WAS BEING PAID AT HONG KONG, BUT DUE TO CHANGE IN POLICY OF BANK AT HONG IT COULD NOT BR PAID. AFTERWARD I PAID THE 75% AMOUNT OF CCC TO PRODENT INVESTMENT BANK, BUT STILL THEY ARE NOT AGREE TO RELEASE MY FUNDS. PRESENTLY I M NOT IN POSITION TOPAY REMAINING 25% & THAT BANK IS NOW KEEPING MY FUND WITH HIM Fm LAST MORE THAN 1 MONTH PERIOD, PL WHAT HELP YOU CAN GAVE ME WITH ADVICE TO GET THIS PROB SOLVED. THAN'S A LOT

Transferring funds internationally can be a pain. I think the only thing you can do is go to your Hong Kong bank and ask them to deal with the "Prudent" bank. When the Yorkshire Bank made a cockup transferring funds to Senegal, and the funds did not even get to Senegal but got returned to me from Paris minus 10% (French banks are AWFUL), the Yorkshire Bank graciously acknowledged that it was their fault and refunded all the charges. I hope something like this may happen for you! I would not hold my breath on a Hong Kong bank being so helpful, even if it was a change in their policy which caused the problem, but it's worth a try! Is there a complaints system? And for a short-term solution - Do you agree the cost conversion charge? If so, could your bank get the Prudent bank to deduct the outstanding 25% of the charges from the amount you sent, and at least release the funds - even if they are not quite the amount you wanted to send.

sorry to say rules are rules and no bank will release money if you still owe them money.

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