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Info on the Return of a Wire Transfer in Reg J

Answered by: 

Question: 
Where can I find in Reg J information pertaining to the return of a wire transfer? Is the receiving bank liable? Do you have to obtain debit authority from the Beneficiary of the wire before you can debit the account?
Answer: 

Wires are final once accepted by the receiving institution, so I'm not sure what the basis of your question might be?

First published on BankersOnline.com 5/7/12

First published on 05/07/2012

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