Over a month ago I transferred a 4-digit sum from my own BOI account to an account (not mine) in Germany. Through my own ineptitude I screwed up the form and put the wrong beneficiary name. As a result, the transfer was rejected and never received by the intended beneficiary.
Since then I have made a seemingly endless number phone calls to BOI to try and rectify the situation with zero progress. They say the beneficiary bank is sitting on the money and ignoring all of their requests to return it. They claim there is absolutely nothing they can do and it may take several months to resolve.
So wondering if anyone here can give me some pointers? I presume these transfers are governed by EU regulations. It is a bad state of affairs when you are left wishing you had stuffed a bunch cash in an envelope and entrusted An Post to deliver it.
Since then I have made a seemingly endless number phone calls to BOI to try and rectify the situation with zero progress. They say the beneficiary bank is sitting on the money and ignoring all of their requests to return it. They claim there is absolutely nothing they can do and it may take several months to resolve.
So wondering if anyone here can give me some pointers? I presume these transfers are governed by EU regulations. It is a bad state of affairs when you are left wishing you had stuffed a bunch cash in an envelope and entrusted An Post to deliver it.