The Sender would. The money would be taken out from the Sender's initial amount that was sent.
yes by the person who issued it
Usually No. There are exceptions when a wire transfer can be reversed, in the event of a fraud or erroneous transfer, and provided the money on the recipient side has not been disbursed. In this case, both would have to agree that the transaction was a fraudulent (or in error) and it will be reversed, minus any charges, etc. that may have occurred on the transaction network (e.g. SWIFT, etc.)
No. once a wire transfer is initiated by the bank, it no longer has any control on the money. Even if you wish to stop it, the bank won't be able to help you because these transactions cannot be reversed. The only way you can get your money back is to talk to the person who received the wire transfer and request them to return it.
No. once a wire transfer is initiated by the bank, it no longer has any control on the money. Even if you wish to stop it, the bank won't be able to help you because these transactions cannot be reversed. The only way you can get your money back is to talk to the person who received the wire transfer and request them to return it.
Once a wire transfer is sent, it cannot be reversed, unless it was sent erroneously or via fraud (in which both the banks work with each other to reverse the transaction). Barring that condition, the only other way a wire comes back is if the recipient information was incorrect, the wire would be returned in 5-10 working days time.
yes by the person who issued it
Usually No. There are exceptions when a wire transfer can be reversed, in the event of a fraud or erroneous transfer, and provided the money on the recipient side has not been disbursed. In this case, both would have to agree that the transaction was a fraudulent (or in error) and it will be reversed, minus any charges, etc. that may have occurred on the transaction network (e.g. SWIFT, etc.)
No. once a wire transfer is initiated by the bank, it no longer has any control on the money. Even if you wish to stop it, the bank won't be able to help you because these transactions cannot be reversed. The only way you can get your money back is to talk to the person who received the wire transfer and request them to return it.
No. once a wire transfer is initiated by the bank, it no longer has any control on the money. Even if you wish to stop it, the bank won't be able to help you because these transactions cannot be reversed. The only way you can get your money back is to talk to the person who received the wire transfer and request them to return it.
Once a wire transfer is sent, it cannot be reversed, unless it was sent erroneously or via fraud (in which both the banks work with each other to reverse the transaction). Barring that condition, the only other way a wire comes back is if the recipient information was incorrect, the wire would be returned in 5-10 working days time.
Usually the sender of the wire transfer pays a fee for sending the money. In most cases the receiving bank does not charge its customer any fee for receiving the money. However, if the money is sent overseas, the receiving bank may charge the recipient a fee for converting the money received from another country (which will be in foreign currency) into the local currency equivalent.
Buyer pays the notary and fees.
dO you need an account to make a wire transfer
How a wire transfer is done? Can the person be traced through a receipt?
A wire transfer is from one bank to another. A bank transfer is a transfer from one account to another at the same bank.
Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.
The amount varies. It can be free (if it is interbank funds transfer) and it can be as low as $5 for a domestic wire transfer to as high as $75 for an international wire transfer using SWIFT. Typically, international wire transfers will average about $25 per transfer.