I moved my trust from one bank another. I am having problems with the first bank transferring my funds. Is there a time limit they have for transferring funds, as it has been three weeks so far?
We aren't aware of any rule or regulation that imposes a time limit on the type of transfer you describe, but three weeks does seem excessive, unless there is a problem with the transfer. Contact the bank from which the funds should be transferred to make certain it has received the required documentation for the transfer and that all is in order. Ask if there is any reason for the delay. Sometimes transfers of this type are delayed because of misunderstandings concerning the completion of necessary documentation.
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We aren't aware of any rule or regulation that imposes a time limit on the type of transfer you describe, but three weeks does seem excessive, unless there is a problem with the transfer. Contact the bank from which the funds should be transferred to make certain it has received the required documentation for the transfer and that all is in order. Ask if there is any reason for the delay. Sometimes transfers of this type are delayed because of misunderstandings concerning the completion of necessary documentation.
