Simple bank shutdown goes awry, leaving customers without account access

Re:Simple bank shutdown goes awry, leaving customers without... by Xylakant on Monday May 10, 2021 @03:08AM (#27103459)

> In theory bank transfer may be reversed, but I have not heard about popular frauds centered around it, so it is likely harder to achieve.

AFAIK, the initiating party cannot revert a completed transfer. What can be reversed is a SEPA withdrawal, up to 6(?) weeks after it has completed.

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Re:Simple bank shutdown goes awry, leaving customers without... by matkoniecz on Monday May 10, 2021 @01:05PM (#27108247)

What in case of transfer from illegal sources or mistaken ones?

Maybe it requires manual bank action, and cannot be done by sender.

But there is still risk that money appeared in your account and then disappeared.

But vastly lower than with checks.

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