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This isn’t true in my experience in the US. House purchase wired to slightly wrong account number. Stressful that money hadn’t shown up at closing, but it was r
by jtbayly 4y ago
This isn’t true in my experience in the US. House purchase wired to slightly wrong account number. Stressful that money hadn’t shown up at closing, but it was resolved within a day.
- FireBeyond 4y agoYup. My parents wired me some funds from Australia to the US for a gift for part of a house downpayment. Something got screwed up with the numbers and the intermediary bank concept. But was able to call someone in the bank's operations department who was able to correct the issue and forward the wire on (I want to say it was sent to the intermediary bank's bank number, but the recipient bank account number, so intermediary said 'this is for us, but this isn't a valid account' - thankfully even though I wasn't the sender I was able to update them, because the comments on the wire had the correct "intended destination" so there was no ambiguity).
- elcritch 4y agoIt seems a bummer that bank accounts don't include "checksums" as part of the standard numbering system like CC numbers. If you get a digit wrong it'd fail to even initiate.