Help with Transfering Money

shiningstar · ‎04-24-2010

Long story, but will try to make it short. My cousin who is out of the country needs to borrow 20,000. I have given him money before and he has paid me back. The problem is the bank will not transfer the money to his account and we deal with a well known bank. They say it's a scam. If I withdraw the money, do you think they will let me send it to him through the same bank transfering the cash it into his account. I'm so tired dealing with these people.

KingstonsMom · ‎03-09-2010

I doubt it.

Maybe you should listen to your bank, they may know more about the 'receiving bank' in the other country than you do.

If they send it and it is a scam, they're responsible for that money, I would think.

You never know how strong you are until being strong is the only choice you have.

I am still oxox · ‎03-09-2010

I would think long and hard, it is most likely a scam, which preys on older and guliable women.

I have seen if before and it never ends well

Stop being afraid of what could go wrong and start being positive what could go right.

judEve · ‎11-06-2014

@shininstar,

I'm sorry I know nothing about transferring money out of the country but do want to share with you my first thought when I saw your post which I assume you're well aware of. There are tons of scams going on now days where people get an email supposedly from a relative asking for money to be transferred. You did say you've lent this cousin money in the past so I hope this is not a scam but I can understand the banks concern however frustrating it may be. Did you happen to SPEAK to your cousin to confirm it truly is him? I highly recommend you SPEAK to him to confirm it is for sure him before going any further! Another thing I've heard these scammers do is in the email from the supposed relative that's out of the country is they say they need the money right away as some emergency has come up such as they've been falsely arrested, lost travelers checks, credit cards, etc and for some reason cannot verbally speak to you. Those are red flags to be aware of! Now I'm sure you're an intelligent woman who hopefully has heard of all these scams and knows for sure without a doubt this truly is your cousin I suggest you/he goes to the embassy and ask them for suggestions/guidance in this situation. As I said above I really don't know anything about actually transferring funds out of the country and that's the only thing I can think of. I just wanted to make sure you are aware of these terrible scams and do everything to avoid them even if it takes a day or two longer before you can lend him the funds. BTW last time you lent him money was it this much? That may be another red flag if it's far more than you've lent him in the past!

Good luck to you! Keep us informed!

itsmagic · ‎08-08-2011

In addition to the excellent response from judEve sometimes scammers will actually call you on the phone leading you to believe they are your relative in need of money.

ValuSkr · ‎03-15-2014

I too suspect it's a scam. Please read this consumer protection note from the FTC:

https://www.consumer.ftc.gov/articles/0204-family-emergency-scams

KingstonsMom · ‎03-09-2010

@itsmagic wrote:
In addition to the excellent response from judEve sometimes scammers will actually call you on the phone leading you to believe they are your relative in need of money.

@itsmagic

Yes they do, while crumpling foil/paper to pretend a 'bad connection', so you can't really recognize the voice on the other end.

You never know how strong you are until being strong is the only choice you have.

RespectLife · ‎02-27-2012

I agree with the other posters...PLEASE think long and hard before you do this!!!

Lending a relative money face to face, placing it in their hand, in THIS country is one thing...sending it to another country ??? Absolutely NOT! $20K is a LOT to risk.

I wouldn't even trust a phone call from someone possibly 'claiming' to be him.

This exact scam has been reported THOUSANDS of times! A 'relative' needs help, your 'son' was arrested etc. You can research it.

sweetee2 · ‎06-21-2015

PLEASE, LISTEN TO WHAT WE ARE SAYING THIS IS A SCAM. I saw this in dr. Phil. She thought it was her cousin. She would send money, he would pay back, send more , he'd sent back a little less. Went on for 2 years, until her daughter got involved. She had sent hundred thousand to his sending back all most nonething when they got down to figuring it all out.

151949 · ‎03-09-2010

Why not phone your cousin and tell him you are just being certain it is a legitimate request from him. Then you can go to the bank tell them you verified the request and to transfer the money. If you only deal with him via e mail I would ask some pertinent questions only he would know like your grandmas maiden name or what high school he attended - or what sports he played - something only he would know.