Skip to content

Reversing a Domestic Wire Transfer

Answered by: 

I have been finding conflicting information regarding whether a domestic wire transfer can be reversed. Can it be reversed by the customer? What Federal Regulation would wire transfers be governed by?

After a payment order has been accepted, cancellation or amendment of the order is not effective unless the receiving bank agrees, or a funds-transfer system rule allows cancellation or amendment without agreement of the bank. You will find the legal basis for this in UCC-4a.

First published on 2/6/06

First published on 02/06/2006

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics