undefined | Better HN

0 pointsasdfasgasdgasdg4y ago0 comments

Normally you do not have to actually directly interact with the legal system to reverse a fraudulent bank transaction. The banks have internal policies to comply with the legal system, because the other outcome is more expensive for them.

0 comments

3 comments · 1 top-level

SilasX4y ago· 2 in thread

Um, what? I did. Banks didn’t do anything when I got defrauded by wire except tell me they can’t do anything.

asdfasgasdgasdgOP4y ago

If you initiated a wire to the wrong account, that's one thing. The banks will not reverse this sort of transaction, to my understanding. If someone else fraudulently initiated a wire from your account, then that's another thing. This type of transaction will be reversed. I'm not sure which situation you're talking about. ACH transactions are a whole other ballgame.

SilasX4y ago

I’m talking about me wiring money to someone who was actually a scammer, same as AI said before.

If your response is “oh well you should have been more careful about that”, congratulations on endorsing the very same defense crypto enthusiasts were giving and validating that they’re not all that different.

2 more replies

j / k navigate · click thread line to collapse