Wire transfers from Italy
Thread poster: EmilyYoung

EmilyYoung
United Kingdom
Italian to English
Aug 1, 2014

Hi everyone,
I was wondering what your experiences are with Italian agencies and their payment methods.
I was due to be paid last week by an agency, and they told me they had completed the 'bonifico' (wire transfer) on the correct day. I assumed it would be in my account the same day. However they have said that it takes 7-10 working days to come through. I have received payments from other Italian agencies, and the money has always been available the same day. Is this something to do with the particular bank this agency uses? And is there any way round it?
Thanks for any help/comments!
Emily


 

Sheila Wilson  Identity Verified
Spain
Local time: 13:53
Member (2007)
English
+ ...
They clearly didn't do it on the correct day Aug 1, 2014

If they know it takes 7-10 days then they must kick off the payment that much in advance. It shouldn't be your problem.

 

Monika Soeren  Identity Verified
Germany
Local time: 14:53
Polish to German
+ ...
SEPA Aug 1, 2014

Since we all are in the EU, we all use the SEPA and actually you should be able to use our money within 24 hours. Let them send you a bank statement.

 

Angie Garbarino  Identity Verified
Member (2003)
French to Italian
+ ...
Not anymore Aug 1, 2014

Payments from Italy sent to European banks reach their destination in 1-2 days (yes SEPA).

I remember the 7-10 days for a "bonifico" in Europe but it was during the 90's.


[Edited at 2014-08-01 22:09 GMT]


 

EmilyYoung
United Kingdom
Italian to English
TOPIC STARTER
Thanks for your replies! Aug 2, 2014

I did get in touch with the bank yesterday via their online chat, and they confirmed that a 'bonifico' would take 7-10 working days to come through to my account.
Not sure how this is still possible?!
(Monika - re: bank statement: I have had a note via email from the bank, confirming that the transfer has been made so I'm sure that they have carried out the transfer).

So now I'm even more confused!!


 

Andrea Halbritter  Identity Verified
France
Local time: 14:53
Member (2014)
French to German
+ ...
I think this is right Aug 3, 2014

It actually can take 10 days between Germany and France as well so I am not surprized.

 

EmilyYoung
United Kingdom
Italian to English
TOPIC STARTER
Thanks Andrea - Aug 3, 2014

but do you think it is right that I should wait an extra 10 working days for my payment (after having already waited 60 days from the end of the month)? If I said to the agency that I would deliver a translation 60 days after the end of the month, I would deliver it on that day - not in another 10 working days. What would they say if I delivered it 10 days late?!

 

Andrea Halbritter  Identity Verified
France
Local time: 14:53
Member (2014)
French to German
+ ...
60 days is too long as well Aug 5, 2014

No I dont think. I would not even wait 60 days....

 

Tomás Cano Binder, BA, CT  Identity Verified
Spain
Local time: 14:53
Member (2005)
English to Spanish
+ ...
Seconded Aug 5, 2014

Monika Soeren wrote:
Since we all are in the EU, we all use the SEPA and actually you should be able to use our money within 24 hours. Let them send you a bank statement.

Ask them for the bank document of the transfer, with the excuse that you want to chase this with your bank, that you suspect something might have gone wrong on your side etc. etc. If they indeed have made the payment, they will surely have no problem in letting you have a look at the order. And if they do not send you a copy of the order with some excuse (the accounts payable person is away on holidays, haven't received the slip yet from the bank, can't print it out from the Internet...), you can draw your own conclusions.


 

Tomás Cano Binder, BA, CT  Identity Verified
Spain
Local time: 14:53
Member (2005)
English to Spanish
+ ...
Is this irony? Aug 5, 2014

Andrea Halbritter wrote:
It actually can take 10 days between Germany and France as well so I am not surprized.

I reckon you must be ironical about this? I receive payments from a number of French and German companies every month and never had such a delay. One or two days maximum, plus possible weekends or local holidays at my bank.


 

Andrea Halbritter  Identity Verified
France
Local time: 14:53
Member (2014)
French to German
+ ...
No irony Aug 5, 2014

When I transfer money from MY German to MY French account it takes between 5 and 10 days. I think the problem is the bank!

[Modifié le 2014-08-05 15:18 GMT]


 

Tomás Cano Binder, BA, CT  Identity Verified
Spain
Local time: 14:53
Member (2005)
English to Spanish
+ ...
Amazing Aug 5, 2014

Andrea Halbritter wrote:
When I transfer money from MY German to MY French account it takes between 5 and 10 days.

Sounds like we are still in 1975, but if you say so I have to believe it.icon_smile.gif Thanks for the note.


 

Thomas T. Frost  Identity Verified
Member (2014)
Danish to English
+ ...
D+1 is the legal maximum Aug 5, 2014

Under EU law, the money must be credited the next day in case of a SEPA payment (correct BIC and IBAN indicated, currency: euro, each party pays his/her own fees).

It sounds like a bad excuse for paying late.

At least some French banks don't respect the 1-day limit and keep the money another day in breach of the law and often their own T&Cs. I wouldn't be surprised if Italian banks were even more lawless.

I've never had a problem in Denmark, Germany and Luxembourg.


 


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Wire transfers from Italy

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