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.

how can you stop it if the funds are already deposited? what is there to stop? the transaction has been completed

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...

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. :thumbsup

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.

non reversible. period