Members-only forum — Email to join

Chargeback Dispute — bank won't reverse wire transfer

Started by PatentAgent_Boston · May 9, 2023 · 2,350 views · 7 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
PB
PatentAgent_Boston OP

I've been trying to resolve this on my own but I'm stuck.

bank won't reverse wire transfer. I've been dealing with this for about 14 months now and the situation isn't improving.

The amount being held/disputed is approximately $28,781. I have tried contacting their legal department 7 times with no resolution.

What's the typical outcome in situations like this?

TL
Mod_TermsLaw Moderator

I've handled similar cases. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under state consumer protection laws. The standard is whether a reasonable person would find the conduct unfair or deceptive.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

CA
ConsumerAdvocate

Not a lawyer, but I have direct experience with this.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

PJ
Paralegal_Jen

I went through almost the exact same thing.

I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.

JC
just_curious_homeowner_IL

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

SB
SmallBizOwner_NYC

I went through almost the exact same thing.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

TE
throwaway_employee_NY

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

TR
TruckerRights_OH

I've dealt with this before.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

Want to participate in this discussion?

Email owner@terms.law to request access