Shockingly yes. Or at least it happened to me. Nat wanted to wire me $10k to fund Tensorfork, and all I had at the time was a crummy US Bank account. I spent over an hour on the phone with them trying to get a wire transfer number, and in the end the number they gave me was wrong. The money never showed up.

That’s how I found Mercury. I was looking for a bank that wasn’t amateur hour. Once I had an account the money showed up overnight.

I still don’t know if Nat even got his original $10k back. I hope so. But yes, the failure mode is very much “if your wire transfer details are wrong, the money is just gone”. Apparently.