4 ms·
Rather, today you learn that wire transfers are not irreversible. > there are extenuating circumstances, which qualify you for a wire transfer reversal. These
by RunSet 4y ago
Rather, today you learn that wire transfers are not irreversible.
> there are extenuating circumstances, which qualify you for a wire transfer reversal. These special circumstances are as follows:
* Your bank made a mistake with the recipient’s account number.
* The amount of money the recipient received is more than you intended to send.
* The wire transfer was a duplicate.
https://wise.com/us/blog/can-a-wire-transfer-be-reversed https://wise.com/us/blog/can-a-wire-transfer-be-reversed
- JumpCrisscross 4y ago> today you learn that wire transfers are not irreversible Nope. Reversing wires on bank error requires both sides’ consent. (Some wire agreements have you authorise the bank to do this on your behalf.) Less a reversal than sending a counterbalancing wire. Even this is only possible for minutes to a day. Beyond that, e.g. in cases of fraud, law enforcement must freeze and seize.
- throwaheyy 4y agoYour second paragraph proves their point. A court can compel the wire to be reversed.