What proof should I have to track an international bank transfer?

 What proof should I have to track an international bank transfer?


In today’s world, it is very hard just to trust and relax. More importantly, when it is related to money transfers. Your nerves do not allow you to rely entirely on a bank for a safe transfer. It is tough to inhale a sip of relaxation before your transferred money is received.

 Money transfer companies provide a tracking service to keep you updated. After this aid, people now feel safe in sending money abroad. This has increased the annual value of remittances. According to the World Bank, the total value of remittances has reached $530 billion, with a yearly growth rate of 10% since 2000. This blog will help you with everything you want to know about tracking your international bank transfer. 

Why is it necessary to track an international money transfer?

Sometimes your money transfer gets delayed due to specific issues, and you panic. To avoid this headache, tracking your global money transfers is best. Here are some proofs and tips you need to keep a check on your money. 

  • Special service provider banks 

  • Using a reference number 

  • Keeping the receipt

  • MT103 document 

Special service provider banks

If you are this much concerned about your money, it is better to go for a particular service provider bank like ACE money transfer. Tracking your money is not an everyday facility to ask for. So normal banks may not provide this service. Some may ask for extra charges. These fees are different for every bank.  

Using a reference number

When you do an international money transfer, the sender's bank gives you a reference number or tracking number. This number will confirm your deposit. If you are worried about the money transfer, you can ask the bank to let you track the transfer. Some banks will just ask about this reference number and cost you some extra charges.

You just have to provide a reference number to the worker managing your transfer for tracking. With the help of that number, he will find out where your funds are currently.

Keeping the receipt 

You are provided with a receipt when you do an international money transfer. That receipt is proof that you have given a certain amount of payment which is needed to be transferred internationally. That slip has all the relevant information about the payment amount, your reference number and all. Keep this receipt very safe with you. If anything goes wrong, or your money gets lost or delayed, this receipt can help you there. 

MT103 document 

If you are transferring your money with the help of the SWIFT network, you should ask for the MT103 document. It is not generally given without asking. But the sender bank can provide you with it. It contains all information about your money transfer, like sending and receiving times, amount, and sender and recipient's information and can help you track it too. It will also enable the receiver bank to track the payment. 

It also works as proof in case of any misfortune. 

How and when to track as a receiver?

You can also track your money even if you are on the receiver side of the capital. For this, you have to get some critical information and proof from the sender. First, you should ask for the registration number of the money transaction. Then ask for the details of the date the money has to arrive. Sometimes the sender mistakenly sees the wrong dates, which results in useless panic. So rechecking your dates is better as international money transfers are usually time-taking and hectic. It also somehow depends on the amount of payment. 
Give all this relevant information to your bank. They will use all the provided information to check if they find anything related to your payment. Then they can advise you better whether this is time for tracking or not. 

Avoid the panic 

The first thing is that you have to calm yourself with the money transfer services. If you have not got the money, there is a possibility that it got delayed. Many factors can cause a delay in transfer. Bank holidays can also be the reason. Most of the time, the recipient banks hang on to the money for a few days. So do not panic but wait for a day or two for the money to arrive.

Final verdict

Transferring money internationally can be very hectic, especially when there is a risk of losing your money. This blog covers all the information about proof you should have to track an international money transfer. After having all the records, now sending money should not be that much of a headache. 

If you are thinking of an immediate money transfer, Ace money transfer is a quick, safe, cheap and reliable source of sending your money abroad. Not only is it very convenient, but it also enables you to track your money online. You can check if the payment is received or not or when it will be received. 

After the banks have provided tracking services, international money transfers now feel very safe. We can now send money to our loved ones without any risks. 


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