Direct deposits/wire transfer

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  • Sebring Studios
    Confirmed User
    • Jan 2008
    • 226
    #1

    Direct deposits/wire transfer

    Is it possible to stop payment on a direct deposit if the funds are already in the recipients account? My logic says no but want other opinions.

    Last question tonight, I promise.
    State-of-the Art Color Printing for the Adult Industry
    www.sebringstudios.com
    Tags: None
    • Pleasurepays
      BANNED - SUPPORTING TUBES
      • Aug 2002
      • 11913
      #2
      how can you stop it if the funds are already deposited? what is there to stop? the transaction has been completed

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        • x-rate
          Confirmed User
          • Jun 2008
          • 725
          #3
          On a wire transfert you can ask your bank to send a request to have the money returned but beneficiary have to authorize it. Append to me once when I sent a wire transfert and copy/pasted wrong info. There's no other way...
          Last edited by x-rate; 08-18-2008, 06:07 PM. Reason: typo
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            Comment

            • Sly
              Let's do some business!
              • Sep 2004
              • 31377
              #4
              Originally posted by Sebring Studios
              Is it possible to stop payment on a direct deposit if the funds are already in the recipients account? My logic says no but want other opinions.

              Last question tonight, I promise.

              Are you trying to reverse a payment? I am 99% sure that you can't.
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                • Sebring Studios
                  Confirmed User
                  • Jan 2008
                  • 226
                  #5
                  Originally posted by Sly
                  Are you trying to reverse a payment? I am 99% sure that you can't.
                  No, the opposite. I was afraid someone else might try to. Frankly I don't know the guy and never dealt with him before so I was curious.

                  After thinking about I see there's no way that could happen.
                  State-of-the Art Color Printing for the Adult Industry
                  www.sebringstudios.com

                    Comment

                    • Broda
                      Confirmed User
                      • Feb 2003
                      • 1874
                      #6
                      In theory - I may be very wrong on this - a direct deposit is like an ach check deposit - I think.
                      So, again in theory, it might be reversible.
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                        • notime
                          Confirmed User
                          • Jun 2003
                          • 8027
                          #7
                          non reversible. period

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