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Bank transactions are reversible.

• exporectomy 5y ago
  I don't know why people keep saying this. They're often not. There was a case in my country of someone receiving a pile of money by mistake and he withdrew or transferred it quickly and fled the country. I also know someone overseas whose dad lost his life savings through a phishing scam that asked for his password and 2FA token via text message. The bank could only tell them where the money went (multiple accounts in other banks) but not get it back. Elder abuse often happens by the abuser using the victim's bank card and PIN to buy groceries/etc. then also taking money for themselves. The banks blame the victim who broke the rules by giving away their PIN and the abuser says it was a genuine payment for services or rent or whatever. If your bank's app has a vulnerability that you lose money through, they bank will probably compensate you out of their own pocket even if they can't reverse the transaction.