Almost $12K U.S. goes missing in cyberspace when wire transfer gets lost
Wiring funds using your bank is usually a safe thing to do and most transactions happen without any problems, but sometimes a wire transfer can be rejected or go missing and getting your money back is not always easy.
“I still haven't got my money returned to may account and I don’t know why,” said Adam Skoczylas, of Mississauga.
Skoczylas has a business helping people buy vehicles through online auctions.
"I make wires for vehicles that are purchased at auction in the United States for clients outside of North America,” said Skoczylas.
- Download our app to get local alerts on your device
- Get the latest local updates right to your inbox
Skoczylas had a client in Poland who wanted to buy a car through an auction website and Skoczylas helped broker the deal.
His client sent him $11,800 U.S., and Skoczylas used the Bank of Montreal to wire the funds to Wells Fargo, a bank in the U.S., but the money never showed up.
"The wire was rejected by the receiving bank they didn't say why” said Skoczylas.
Skoczylas said he was told the wired funds would be returned to his account within days, but after weeks of calling, he says the money has not been returned and it's causing his business major trouble.
"For me everyday is creating new problems. I’m about to get sued I’m about to lose my business. This is financial business where people trust me with money and if this gets out on the internet that I have lost $12,000 of my clients money I’m done,” said Skoczylas.
CTV News reached out to Bank of Montreal (BMO) on Skoczylas’s behalf and they agreed to look into his case. A BMO spokesperson then told us, “we are pleased to share that the matter has been resolved.”
Skoczylas said within days of contacting CTV News, the $11,800 U.S. was returned to his account.
"This is such a relief. I needed this money back to keep my business operating” said Skoczylas.
When sending a wire transfer,1.6673027
it is important to make sure all the financial information is correct. There are cases where transfers go missing or there sent to the wrong account and the funds are never returned.
CTVNews.ca Top Stories
BREAKING 4 teens stabbed outside Montreal high school: police
Montreal police say four teenagers suffered stab wounds after an altercation near John F. Kennedy High School in the city's Villeray—Saint-Michel—Parc-Extension borough on Thursday.
Trudeau announces massive drop in immigration targets as Liberals make major pivot
The federal government is slashing immigration targets to levels that will flatten population growth as Prime Minister Justin Trudeau admits the government did not get the balance right after the COVID-19 pandemic.
'The mom is shattered': Body of employee who died at Halifax Walmart was found by her mother
The Maritime Sikh Society says the body of a young employee who died at a Walmart in Halifax last weekend was found by her mother.
'Horrific': Four people dead after Tesla slams into pillar and catches fire on Lake Shore Boulevard in Toronto
Four people are dead and another is in hospital after a Tesla driving through downtown Toronto at a high rate of speed crashed into a guardrail and struck a concrete pillar on Lake Shore Boulevard.
Vince McMahon, embattled former CEO of WWE, sued for allegedly enabling sexual abuse
A new lawsuit alleges Vince McMahon knowingly enabled the sexual exploitation of children by a WWE employee in the 1980s.
Ontario family loses dream home after $38K deposit falls through
It's a dream for many Canadians, trying to save up enough money for a down payment on their very first home. That was also the dream for the Esmeralda family, a family of five with two dogs who currently live in a Scarborough apartment building.
This radioactive gas is a leading cause of lung cancer. Here's how to check if it's in your home
Radon is a radioactive gas found in nearly every Canadian home. A new research study is putting a renewed spotlight on the invisible, odourless element that is the second-leading cause of lung cancer in Canada.
Prosecutors are set to reveal whether they favour resentencing Erik and Lyle Menendez
Prosecutors are set to announce whether or not they recommend that Erik and Lyle Menendez be resentenced for the 1989 killings of their parents in Beverly Hills.
Sask. RCMP hunt for armed suspects who shot construction worker, stole a truck
The RCMP is warning residents in northeast Saskatchewan to seek shelter and avoid picking up hitchhikers as police search for a group of armed and dangerous suspects.