BITFINEX DELAYED WIRED WITHDRAWAL

[Sawadekub]

Hi R & G

i think its way too long.. let me tell u my story


I MADE A NORMAL WIRED WITHDRAWAL OF 5000USD ON GMT+8 FEB 3 8:43AM AND IT WAS IMMEDIATELY APPROVED, THE STATUS CHANGE TO PROCESSING (NOT YET PROCESSED) AND AFTER 1 DAY AT SAME TIME GMT +8 FEB 4 8:43AM THE STATUS STILL PPROCESS BUT THIS TIME ROUND THE NOT YET PROCESSED IS NOT THERE.. TODAY IS ALREADY GTM +8 FEB 7 7:40PM ITS BEEN MORE THEN 3 BUSINESS WORKING DAYS AND I BELIEVE THE BANK IN SHANGHAI IS THE SAME TIME AS MY COUNTRY WHICH IS GMT+8.

THE WEBSITE STATED :
Wire withdrawals will be processed within 3 business days, unless you request the option "Express". In this case, they will be processed within 1 business day, for 1% of the amount request.

IT'S STATED CLEARLY WITHIN 3 BUSINESS DAYS SO I DO NOT KNOW WHY MY WITHDRAWALS NEED TO WAIT VERY LONG, BEFORE THIS NEW EXPRESS WIRED WITHDRAWAL FEATURE WAS IMPLEMENTED IT ONLY TAKES 46 HOURS TO REACH MY FRIEND'S BANK WHICH I LIVE THE SAME COUNTRY AND HAVE THE SAME BANK AS HIM AND THAT TIME ONLY COST 10 USD.

WHY SO SLOW? BECAUSE I CHOOSE NORMAL ? REALLY HOPE U GUYS CAN DO IT FAST.. BECAUSE 1 WEEK ONLY GOT 5 WORKING BUSINESS DAYS

now i lost 5 days of interest of 5k usd which cost 50-70usd.. and my time!

pm me CHief for my username in bitfinex

[PirateHatForTea]

You come across as some kind of moron. Really, all caps? And you already spammed this in the Bitfinex thread.

Processed means that they process your withdrawal and send the wire transfer to their bank. The international clearing system can take a few day to actually send and credit the telegraphic transfer - depending on the country it can even be as long as 2 weeks for this part! This part is completely out of the control of the sender, and is a fault of the international banking system. Lucky we have bitcoin to quickly and easily transfer value, hey?

So it may be the case that your wire was sent on Thursday, and it won;t arrive in your bank account until some time next week.

Also, how do you figure that 5 days interest on $5k is $50-70, when you're withdrawing to the normal banking system? If you can find me a bricks-and-mortars bank offering .2% per day, I will take all my margin loans of BFX and put them with the bank instead. But of course - there is no such return outside of Bitfinex!

Pipe down.

[Sawadekub]

hmmm i dont think u know what i mean ... let me explain it again why i think it is still not yet processed.. remember i said i am using the normal wired service with is within 3 business days? and express is within 24 hours.. it is because my last updated time was feb 4 same time that i withdrawn on feb 3.. and status is still PROCESSING, if they have already pass to the bank it will be completed.. which means completed at their side... and 5000x 0.002 is 10usd per day.. 5 workin days is 50 usd + 20 usd for weekends, doesn't it add up to around 50 to 70usd?? besides i emailed them and they did not reply

[mccoyspace]

Monday Feb 3 was a bank holiday in HK and China, so effectively your request was made on Feb 4.
We are now at the 3rd business day from the request. If any kind of daily cut-off time was missed on either side of the transaction, then it will be pushed to Monday.
Talk to us then. It isn't delayed until then.
And in any case, why are you talking about it here? Go to your bank where there is someone who could actually do something for you, like run a trace.

Also, your interest rate calculations are way off. I don't know what country you are in, but according to this source
http://www.gobankingrates.com/banking/which-country-has-best-interest-rates/
 the highest bank interest rate anywhere in the world is 9% per year.
That isn't a daily rate of .002 At best that is your (possible) Bitfinex rate. The rate you are loosing per day is 9%/365 or .00024 or $1.23 per day. And the $20 fee goes to the Bank, not Bitfinex so complain to the bank about the fee. And while you are there you can ask them to give you interest payments for money that they didn't yet have.

[Sawadekub]

oh i dont think u understand english LOL!, if they processed my withdrawal in feb 4 which is 1 day after approval... does that means that people choose express withdrawal is stupid enough to pay the 1% charge whereby normal way is also 1 day(eg lets say u paid express mail service and it takes the same day as normal mail service to get to your addressee? what for u pay??) are u kiddin me? and by the way the status should be completed not processing.. although i know there are 2 parts of processing 1 by bifinex side another side is bank processing. but status should be processed or completed on THEIR side.. and i cant assume that for wired deposit and withdrawal they are using the same bank because they might not. they should also provide announcement on bank public holidays so that clients will know what to do. (well since they called themselves "Bitfinex is the most advanced financial place in the bitcoin world!") so i expect up to standard services


and what i mean that i can earn 10usd with 5k is because if they are doing only it on monday 10 feb because they have problems.. which means that i lost the time earning for 1 whole week.. because 5000x 0.002 is 10usd per day in bitfinex of course.. which part of your brain thinks that i am talking about my local bank crappy interest rates?  what i mean if bitifinex got problems withdrawing they should made an annoucement and not keep quiet because i earn lesser this way..

LOL!!! although my english is not very good, well i am an undergraduate at NATIONAL UNIVERSITY OF SINGAPORE (1st in asia) go check that out..


ps: sorry for being sarcastic maybe i am just having a bad week or this is who i am. >.<.

processing = might not be process yet or processing right now
processed = already process
so when i said mine is processing means it is still processing (but u assume it was processed on feb 4 LOL!!)