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Law Educator, Esq.
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According to international banking laws what is the max number

Customer Question

according to international banking laws what is the max number of days banco nacional can hold a international bank wire before it must be credited or returned costa rica
Submitted: 6 months ago.
Category: Legal
Expert:  Law Educator, Esq. replied 6 months ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
The banking regulations allow banks to hold wire transfers "for a reasonable time" necessary for verification. Generally what is considered reasonable is not longer than 3 weeks, but if there is any suspicion regarding the legitimacy of the funds, they can take even longer to investigate. There is no set time though in any statutes, which is why you have not found it after looking for 2 days.

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