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by JumpCrisscross 1341 days 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.

1 comments

Your second paragraph proves their point. A court can compel the wire to be reversed.