I've recently had issues trying to transfer funds via Foriegn Exchange EMI's to EMI accounts that have IBAN's.
I thought I would save a little on the regular bank processing fees by using a FX EMI instead but this is like flogging a dead horse since they won't say why they refuse to complete a transfer and always return the funds. (Same name on sending and recieving acounts)
Maybe EMI's are not working with each other and hence why this doesn't work.
Anybody know if this is a new trend/regulation or has it always been like this?
I thought I would save a little on the regular bank processing fees by using a FX EMI instead but this is like flogging a dead horse since they won't say why they refuse to complete a transfer and always return the funds. (Same name on sending and recieving acounts)
Maybe EMI's are not working with each other and hence why this doesn't work.
Anybody know if this is a new trend/regulation or has it always been like this?