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Chargeback Dispute: bank won't reverse wire transfer

Started by legally_bland_10 · Sep 24, 2023 · 2,350 views · 2 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
LB
legally_bland_10 OP

Not gonna lie, 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?

AM
allison.m_2

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.

SP
sidebar_please_15

Tbh i dealt with an almost identical situation last year. Wire transfers are notoriously difficult to reverse because they are considered final once processed, unlike ACH transfers which have a reversal window.

What finally worked for me was filing a complaint with the OCC (Office of the Comptroller of the Currency). The bank suddenly found a way to investigate further once a regulator got involved.