huh? I successfully sent a $60k same-day wire with Fidelity, for my mortgage downpayment. The escrow company confirmed they got it by end of day.
My father in law once purchased a home with “cash” and sent an $800k same-day wire (vanguard or fidelity - i forget). Also went through successfully.
First time i’ve heard of this. Can you share more details? Any reading material?
My guess is any kind of "suspicious" wire can be held for manual review.
Lots of reasons, joint accounts, name mismatch, weird names, fat finger by bank employee, missing odd info deemed necessary by the receiving bank, fraud/money laundering holds. One of my very normal wire transfers of not even a huge amount arrived next day for no reason, defeating its purpose, and neither Fidelity nor the receiving bank had any explanation, or really knew anything about it, without a formal trace. Fidelity after all is not a bank. They'd have to check with their own bank.
This is true, but so can any Zelle or other real time payment if flagged by fraud or anti money laundering heuristics.