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Your money is not lost. This often happens when the details of where the money should be transferred are not quite right, so the transfer doesn't complete. Your money just sits somewhere (sort of in limbo) until you ask your bank to find it.

The transfer is electronic and is traced every step of the way. You should contact your bank and ask them to track down your money.

And be patient, sometimes it takes the banks days to get their act together and find the money - especially if it is an international transfer involving several banks along the way.

For example, instead of phoning, your bank might send a fax to the next bank in the chain asking them to track down the money and the second bank doesn't answer the fax etc ... you get the idea.

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Q: Is a wire transfer by using the swift number insured My sister sent me money from my account to me in Egypt and has not showed up but the bank took it from my account already. Is my money lost?
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