[sillysaurusx]

Shockingly yes. Or at least it happened to me. Nat wanted to wire me $10k to fund Tensorfork, and all I had at the time was a crummy US Bank account. I spent over an hour on the phone with them trying to get a wire transfer number, and in the end the number they gave me was wrong. The money never showed up.

That’s how I found Mercury. I was looking for a bank that wasn’t amateur hour. Once I had an account the money showed up overnight.

I still don’t know if Nat even got his original $10k back. I hope so. But yes, the failure mode is very much “if your wire transfer details are wrong, the money is just gone”. Apparently.

[exe34]

That's amazing to me. I've never sent more than £50 without sending £1 first and making sure it got there before sending the rest to an "existing recipient".

It seems obvious to me, if you send money to the wrong account, it's not your money anymore.