Thursday, April 2, 2015

How long do you have to stop a wire transfer?

How long do you have to stop a wire transfer?
Essentially you the the time before it is punched in and processed. You bank may be able to stop a wire transfer from executing if their system allows them to dequeue wires from the system that have not yet been processed.
If however, a wire transfer is sent, then the procedure to stop it, is pretty difficult and now becomes an issue of a reversal.

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