International Wire Transfer

[Tom4624]

I recently recieved a $5000.00 wire transfer from a bank in Saudi Arabia. The transfer went into my account over a week ago. I thought my bank would catch the mistake and reverse the transfer. Instead they sent me a deposit notice with my name and account # on the transfer information. I have segregated the money in a seprate account to avoid mixing it with my income etc. My question is this. What is my next move? Is there a statute on the time I need to wait to claim the $$? Am I criminally liable here by moving the $$ into another account (same bank)?

 

[Tracey]

Contact the police or the prosecutor's office. They will tell you how to handle the money. I think you've handled it well so far. Get the police/prosecutor's advice in writing.

You may want to file a found property report - if the police can't find the correct owner in 6-12 months, you might get to keep the money.

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This is not legal advice and you are not my client. Double check everything with your own attorney and your state's laws.