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E-Transfer Dispute: A Case of Missing Funds

On October 20th 2023, I initiated an electronic transfer (e-transfer) of $3750 from BMO to my Tangerine account. Despite several weeks passing, the funds have not appeared in my Tangerine account.

Upon contacting Tangerine on October 25th 2023, a representative informed me that they had not received the e-transfer and advised me to contact BMO. Regrettably, I did not receive a case number during this interaction.

Subsequently, I reached out to BMO regarding the issue. After conducting an internal investigation, BMO determined that the responsibility for locating the missing funds lies with Tangerine. I have attached a screenshot of the email detailing this outcome.

In an effort to resolve the matter, I engaged with Tangerine’s management team to provide the reference number for the e-transfer. However, Tangerine stated that I should instead contact Interac and reiterated that BMO is accountable for the issue.

Following Tangerine’s instructions, I contacted Interac. The agent I spoke to informed me that the responsibility lies with Tangerine and provided me with a ticket number.

A subsequent conversation with Interac confirmed that the matter now rests in Tangerine’s hands. As a result, I have been without the $3750 for over six weeks.

Given the complexity of the situation, it is worth noting that I am unable to cancel the claim through my banking app or online banking with either BMO or Tangerine. Additionally, Interac has stated that they are unable to retrieve the funds.

In light of these challenges, I am seeking recourse and clarity on the matter.

How AI Legalese Decoder Can Help:

AI Legalese Decoder can streamline the legal language and communication involved in resolving this situation with financial institutions. It can help to analyze the terms and conditions of e-transfer services, identifying any relevant clauses that may support your case. Additionally, AI Legalese Decoder can assist in drafting effective correspondence to BMO, Tangerine, and Interac, outlining your rights and seeking a resolution to the issue. Overall, AI Legalese Decoder can provide expert guidance on navigating the complex legal framework associated with electronic transfers, ensuring that your rights are protected throughout the process.

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AI Legalese Decoder can also help in identifying potential risks, loopholes, and inconsistencies within legal documents, ensuring that users are aware of any potential legal issues. This can be particularly valuable for businesses and individuals entering into contracts and agreements, as it provides them with the necessary insights to make informed decisions and protect their interests.

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