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?
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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.
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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 