Re:Crypto is an unproductive bubble
by neatze on Friday March 18, 2022 @08:58PM
(#30729740)
I am a person who wired ~15K to wrong bank account outside US, I only realized after got notification that money was not received it was days later, reversing wire was straight forward and took if not mistaken a week to process, while requesting to reverse transaction branch manager warned me that on another end bank might refuse to reverse transaction and then this money would be lost forever.
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That's a pretty good outcome.
I've found that when I wire a large amount of money to a new account, humans sanity check the transaction at both banks.
Also, I once did something weird (wire to same escrow firm a few days apart), and got a call of the form "What's going on? Did you buy two houses or something?"
You were lucky, I’ve heard similar stories where the money ended up lost (good faith deposit for a mortgage wired to fraudster).
Reminds me of [0] but this time it is by the bank itself accidentally depositing into rival bank accounts.
Oh dear.