Mistaken wire transfer/payment error
in Banking, Insurance & Loans ·
Kyle Sanchez8 said:So, what happens if I sent my buddy some cash via Bank of America last Friday, and he’s just now checking his account only to realize it hasn't shown up yet... even though the money definitely left mine... is there any way to actually get that back...
Were you transferring from one bank to another—like from Chase to Bank of America—or was it an internal transfer within the same bank?
If it was the first scenario, the transaction might not show up until later this afternoon (even though it should have cleared yesterday or this morning). However, if it was an internal transfer, the money should have hit his account instantly.
If the money was actually sent to the wrong account entirely, you'll need to request the recipient's consent to reverse the transaction. They aren't obligated to sign off on it, though. If they refuse to cooperate, your only real recourse would be to file a claim to recover the funds.