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by RunSet
1340 days ago
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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 |
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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.