Cash outs for QuickTender/UseMyWallet (QT/UMW) are hitting bank s both foreign and domestic. Reports of the first withdrawals hitting US bank s have surfaced this week, but some holders are finding the cash out process to be confusing, and instructions contradictory. 1v604t
In an email sent to QT/UMW customers, the company indicated they would send funds to a US based bank: “If you obtain a EURO from a USA based bank they will be able to provide you with the BIC/Swift Code and /or an International Bank Number (IBAN).” However, they cautioned that “Only funds sent to a EURO bank are fully protected.”
Though many have attempted this process and only those that have been successful have reported results, no reports of seizures have been received. It is likely that any seizures would only be discovered after an extended period of time ing without a successfully completed transaction.
Funds will not be sent to s held in 3rd party names and the name on the QT/UMW must match the name on the receiving . Many banks around the world use intermediary banks to assist in international funds transfers.
In these instances the intermediary banks are the receivers of the transfer even though the holder will be the eventual beneficiary of the transaction. As a result, these intermediary banks are considered 3rd parties and are not eligible to be used in the QT/UMW withdrawal process.
Some s are not able to initiate the withdrawal process because their s have been locked. Those that have no balance and those that have had their balances seized while “in transit” are among those that cannot access their s on the QuickTender web site.
A number of others claiming to have “cleared funds“ in their are reporting issues with being able to to their s as well. Many customers emailing QuickTender regarding their locked s are reporting long delays in response time; others are receiving no response at all.
Emails sent to QT/UMW should be sent to both of the following email address in an attempt to assure the fastest response time: [email protected] and @quicktender.com.
Fees and conversion rates associated with the transactions are being accused of being excessive, but is a small price to pay for those that have been able to recoup the funds that had been frozen since QT halted operations back in May.