GIC funds rejected

[Rajan Randhawa12345]

Can anyone tell my funds are rejected as I transferred it with along with my titution fee i got official receipt of fee why this has happened with me
From where i should get my funds back as I've transferred it through Centrum direct limited

 

[yyzstudent]

There's a lot of rejections based on gic lately and it seems every single one has one thing in common. You guys used a third party company to do the transfer.

Apparently you HAVE to use a standard bank transfer from your account directly to their account and not use a middle man. Check the rules on cic and follow those and not what anyone else says.

To request a refund, ask the bank to send it back.

 

[Rajan Randhawa12345]

Ok what if they issue GIC to me than embassy will have qny concern
What if they reject middleman will refunded so I have to get in youch with him

 

[Gymguy]

Ok what if they issue GIC to me than embassy will have qny concern
What if they reject middleman will refunded so I have to get in youch with him

Rajan GIC is issued by the bank that you transferred the money to (Scotiabank or ICICI) and not Centrum. Centrum as I told you
before operates through buyforex which is only a money transfer service. Rejected means it's done by bank only so question
of embassy having any concern doesn't arise.

Unfortunately I couldn't understand your second line. If you can rephrase it maybe I can answer then. Cheers.

 

[yyzstudent]

Ok what if they issue GIC to me than embassy will have qny concern
What if they reject middleman will refunded so I have to get in youch with him

You have to communicate with the bank your gic is currently in and have it reversed. This takes time.

Then retransmit it back from your own account directly to the gic account without using a third party company.

Bank to bank only. No middleman. Cic doesn't like that.

 

[Rajan Randhawa12345]

My GIC rejected funds will be returned back to source from where i have transferred

 

[Gymguy]

My GIC rejected funds will be returned back to source from where i have transferred

Your funds are either with an intermediary agency of buyforex (in US/Canada) or with buyforex themselves. Once rejected by Scotiabank
there's no point contacting the bank.

If you bought a buyforex card and did the transfer through it then money will revert to the card, if you used wire transfer service
of buyforex you need to contact your representative branch through which the transaction was initiated and direct them to revert
the money to your local a/c.

Good Luck

 

[Rajan Randhawa12345]

Friends its already been more 10 days but update yet of my GIC funds what i should do go to buyforex representative or get touch with scotia bank

 

[scylla]

Friends its already been more 10 days but update yet of my GIC funds what i should do go to buyforex representative or get touch with scotia bank

Your question was answered before. The bank can't help you - this isn't their problem. You need to talk to the buyforex representative.

 

[Rajan Randhawa12345]

I hece visited buyforex representative he said no update from your bank
Can anyone tell how manys does wire transfer from scotia take

 

[Rajan Randhawa12345]

Guys I received my GIC after 10 days

 

[EKJOT GILL]

Guys I received my GIC after 10 days

you sent your gic from bank? or forex

 

[Karan 45]

Is gic allowed by travel solution by third party
Please tell me solution how to solve it