On This Page
Why Banks Sometimes Pause Large Transfers
Potential reasons:
- Fraud prevention
- Unusual transaction
- New beneficiary
- Identity verification
- Transfer limits
- Compliance review
Plan Ahead
If you normally move:
Example
$2,000
and tomorrow you need to wire: $175,000
contact your bank before closing day.
Ask:
- Daily limits?
- In-person requirement?
- Wire cutoff?
- Identification?
- Hold policy?
Verify Escrow Instructions
Wire fraud can cause catastrophic losses.
Use independently verified contact information to confirm instructions.
Don't Let a Deadline Make You Stupid With Money
A delayed closing is fixable.
Sending $175,000 to a criminal can be devastating.
How Lisa Helps
Lisa can coordinate the transaction delay. She cannot recover money sent to a criminal because everyone was afraid to be twenty minutes late.
