39033Re: Bank realtionships
- Jan 1, 2006--- In CostaRicaLiving@yahoogroups.com, "Elk, Cliff Red"
> CR bank that has a working relationship with anBTW, here's an experience we had with Banco de Costa Rica, presented
> American bank,
if it's useful to anyone out there in CRL land.
We had a donor write us a large check, drawn on a US Bank. Deposited
Nov 22, it was scheduled to produce available funds on January 3.
I kept a copy of the front and back of the check.
After 5 days, which should be approximately the time needed to get
the check back to its issuing bank, I called the operations
department of the issuing bank and asked if the check had cleared.
They said "yes". I asked for the name and phone number of the guy
who said "yes".
I then called the International Banking department of Banco de Costa
Rica and explained the situation to an International Operations guy.
He asked if I "had a copy of the check, and if so could I fax it to
him?" I got the number and faxed it. He didn't need the number of
the guy at the issuing bank. He asked me to call him in an hour. I
did. He said he had already released the funds into my account.
So a 30 "habiles" (business day) hold dropped to five days with a
couple of phone calls.
Co-Founder, El Puente - The Bridge
The Bridge provides educational assistance, food assistance, and
microloans mainly to indigenous people in the southeastern part of
Costa Rica. Our goal is to help people help themselves to self-
See us at http://www.elpuente-thebridge.org
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