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Can You Reverse a Wire Transfer?

Someone who works at my local bank branch said that the sender of a wire transfer had up to ten days to reverse it. I've never heard of such a thing. Is that true? If so, does it apply to wire transfers from domestic sources, foreign sources or both?


Wire transfers are final payments. Once they have been accepted by the beneficiary's bank in the U.S., they cannot be reversed by the originator without the consent of the beneficiary.

Published on 4/26/07