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#1839373 - 08/05/13 03:52 PM Wire Transfers
WC Offline
Junior Member
WC
Joined: Jan 2012
Posts: 36
Mid West
Does the name have to match on an incoming wire? We normally receive an ACH item for a particular payroll deposit. Today we received a wire and the individual named in the wire is not on the account it is trying to go to. Do we have to post this or can we return it for a name mismatch? Are there any regs that apply to this situation?

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Deposits and Payments
#1839537 - 08/05/13 07:55 PM Re: Wire Transfers WC
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
It's covered by the UCC Article 4A, section 4A-207.
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