It depends on what type of money transfer
you have received.I have had PayPal stop wires to my bank several times when someone opens a dispute while one is in progress. I'm not sure how they do it though. I think the only way is because they don't initiate the transfer right away. They hold it in another paypal owned account for a couple of days.
dO you need an account to make a wire transfer
Wire Transfer is a method of transferring money from one area to another area around the world to money exchange companies or banks as well. Wire Transfer require some cost of sending money to different places and is a fast way to transfer money globally.
You can request the sender to provide you with an MT-103 Message of the transfer. Armed with this information, you can then connect with your bank's wire department and ask them to trace the wire. Assumption here being that the transfer is done via SWIFT.
I don't think you can.
Barring the confirmation of the recepient receiving the funds, the only confirmation that you can get of the funds having been sent is provided by the bank. Only the bank can provide you with the electronic confirmation that the wire transfer was sent. In case of a SWIFT wire transfer, you are to obtain a MT102 Message Confirmation.
Essentially you the the time before it is punched in and processed. You bank may be able to stop a wire transfer from executing if their system allows them to dequeue wires from the system that have not yet been processed. If however, a wire transfer is sent, then the procedure to stop it, is pretty difficult and now becomes an issue of a reversal.
Once an international wire transfer has been initiated, it is generally not possible to reverse it. This is because the funds are sent electronically and move quickly between banks, making it difficult to stop or retrieve the transfer. It is important to double-check all details before initiating an international wire transfer to avoid any errors.
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.
dO you need an account to make a wire transfer
No, once a wire transfer is completed, it cannot be reversed.
How a wire transfer is done? Can the person be traced through a receipt?
No, I have never received a wire transfer by mistake.
A wire transfer is from one bank to another. A bank transfer is a transfer from one account to another at the same bank.
Yes, I can recall a wire transfer that I have made in the past.
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.
The bank address for wire transfer is the physical location of the bank where the transfer is being sent or received.
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.