Refuse a Wire

Posted By: terpsfan

Refuse a Wire - 03/08/21 09:05 PM

Even though the payee matches can we refuse an incoming wire due to suspected fraud?
Posted By: rlcarey

Re: Refuse a Wire - 03/15/21 06:21 PM

Have you read your depositor's agreement. Many (of the good ones anyway) have a statement similar to this: "We reserve the right to refuse to accept any payment order. Payment orders are accepted when they are executed by us. "