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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 3766
Experience:  20+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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On a bank to bank wire transfer, does any financial

Customer Question

On a bank to bank wire transfer, does any financial institution located between the two banks have the authority to stop the bank wire and demand a Tax Clearance Fee? Mr Robert Jax who claims he is the Director, Federal Reserve Bank of Chicago stopped my bank wire and demanded that I pay $1,500 to clear the Tax Clearance Fee. He does not identify what kind of tax.
Submitted: 1 year ago.
Category: Tax
Expert:  Barbara replied 1 year ago.

Welcome to Just Answer. My name is ***** ***** I will e happy to assist you.

On wire transfers from one bank to another, the wire transfer goes from the initiating bank to the federal reserve to the receiving bank.

http://budgeting.thenest.com/track-wire-through-federal-reserve-bank-24929.html

However, my research of the Federal Reserve Bank of Chicago does not show Mr. Robert Jax as a director.

https://www.chicagofed.org/Home/people/person-listing?filter_role=5

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Expert:  Barbara replied 1 year ago.

Just following up with you to see if you have any other questions. If so, please let me know, and I will be happy to assist you further.

Best regards,

Barb