Topic: Are BoA transfers reversible? (Read 7125 times)
anyone can offer more info on this?
Anyone here have had BoA transfer reversed? I spoke to one guy on a forum that said this happened to him when he sold bitcoins for boa online transfer. He told me this only happened once only and recommended me if i were to sell bitcoin or anything for boa... only do it with reputable. I also read in a forum that a person who received boa from someone... had to pay back the funds b/c the person who sent them boa funds sent them hacked boa acct from someone else.
So based on this, i would like to know if there are any more stories of people who received boa online transfer and had issue. Also could someone who sent boa funds online from their own boa acct reverse it? If so, how long? Basically all i know is boa online transfer is only reversible if the boa acct is hacked.
So if you are receiving boa from someone, do you need to ask them for their ID or something to match their boa acct? Or even do a video skype chat with them to confirm hey that is really you? Because someone could have a copy of someones id etc for someones hacked boa acct. So im wondering how far one has to go to make sure receiving boa from someone is okay...
So based on this, i would like to know if there are any more stories of people who received boa online transfer and had issue. Also could someone who sent boa funds online from their own boa acct reverse it? If so, how long? Basically all i know is boa online transfer is only reversible if the boa acct is hacked.
So if you are receiving boa from someone, do you need to ask them for their ID or something to match their boa acct? Or even do a video skype chat with them to confirm hey that is really you? Because someone could have a copy of someones id etc for someones hacked boa acct. So im wondering how far one has to go to make sure receiving boa from someone is okay...
I play online poker and would do transfers with people where i transfer them BoA through online transfer and then i get poker funds. I however read that boa is actually reversible. Is this true or false? I know paypal and chase quickpay are reversible but i was always told boa and wells fargo wasn't.
I read that boa cash deposits can be reversed if they go back the same day. Is that true/false? What about wells fargo?
So basically the only thing that is not reversible is when someone send you a bank wire and once you receive it, they can't reverse it anymore?
I read that boa cash deposits can be reversed if they go back the same day. Is that true/false? What about wells fargo?
So basically the only thing that is not reversible is when someone send you a bank wire and once you receive it, they can't reverse it anymore?
Bank transfers are always reversible... But cash deposits isn't.
I read cash deposits are if done in the same day with boa. I saw this on reddit...
I would think bank transfers are reversible. If the sender claims fraud the bank will try to take back the money from wherever it was sent.
anyone know?
How long are bank transfers reversible for?
I did read cash deposits are reversible...
I did read cash deposits are reversible...
I play online poker and would do transfers with people where i transfer them BoA through online transfer and then i get poker funds. I however read that boa is actually reversible. Is this true or false? I know paypal and chase quickpay are reversible but i was always told boa and wells fargo wasn't.
I read that boa cash deposits can be reversed if they go back the same day. Is that true/false? What about wells fargo?
So basically the only thing that is not reversible is when someone send you a bank wire and once you receive it, they can't reverse it anymore?
I read that boa cash deposits can be reversed if they go back the same day. Is that true/false? What about wells fargo?
So basically the only thing that is not reversible is when someone send you a bank wire and once you receive it, they can't reverse it anymore?
Bank transfers are always reversible... But cash deposits isn't.
How can cash deposits be reversible that much later on? Isn't it end of business day only?
Also anyone here had a boa transfer online reversed before? If so, can you tell me the details?
Also anyone here had a boa transfer online reversed before? If so, can you tell me the details?
Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.
If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.
Collusion with the bank teller? Please. Yes, online transfers can be reversed (although with more difficulty than with Paypal and I have seen it happen only rarely). Cash teller deposits are the safest method for transfers like this.
I tried to find a link to the thread where I read that, but I found this anyway which is even more interesting:
http://www.reddit.com/r/Bitcoin/comments/1zruvf/warning_cash_deposits_can_be_reversed_at_bank_of
Collusion with the bank teller? Please. Yes, online transfers can be reversed (although with more difficulty than with Paypal and I have seen it happen only rarely). Cash teller deposits are the safest method for transfers like this.
Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.
If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.
I once read a story on the LBC forums where the seller alleged the buyer and bank teller knew each other (they were from a small town) and colluded together to reverse the cash deposit. I have no way of knowing if that is true but I am sure something like that could very easily happen.
If boa is reversible, why is it lot of online poker players use it to transfer funds.
That's like saying why the hell does paypal transactions still happen in the btc world when everyone knows they're reversible. It's a matter of convenience for the risks associated with it.
If boa is reversible, why is it lot of online poker players use it to transfer funds. Example many ppl would trade pokerstars for bank of america and wells fargo online transfers. I know chase quickpay and paypal are reversible but seems like almost everyone accepts boa transfer or wells fargo.
Haven't dealt with BoA for a while, but believe their are reversible. What is more is that even in the old day, some 10-15 years ago, BoA used to close accounts at a first sign of any suspicious activity, like when someone send s wire and then claims that it was not authorised, etc.
Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.
If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.
I once read a story on the LBC forums where the seller alleged the buyer and bank teller knew each other (they were from a small town) and colluded together to reverse the cash deposit. I have no way of knowing if that is true but I am sure something like that could very easily happen.
There are three (easy) possibilities for BOA initiated transfers. My guess from reading the above is they are in decreasing likelihood of reversibility:
1. Wire transfer
2. ACH Transfer
3. Transfer using one of the intermediary transfer to cell phone or email services.
Apparently all are reversible. There appears to be no way a buyer can establish trust in a way that precludes reversibility. So we are left with cash transactions for "untrusted" buyers.
Ironic.
1. Wire transfer
2. ACH Transfer
3. Transfer using one of the intermediary transfer to cell phone or email services.
Apparently all are reversible. There appears to be no way a buyer can establish trust in a way that precludes reversibility. So we are left with cash transactions for "untrusted" buyers.
Ironic.
Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.
If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.
You're an idiot. I just mentioned that I was a victim of this scam. Nearly all high volume sellers on LBC has experience a cash reversal one time or another, and it's pretty wide-spread for a certain time period until we caught on. To resist it, btc is not released until after bank hours (or sometimes even several days) if dealing with a newb account that does cash deposits. Also a picture of receipt with "NO REFUND" written on it. This is now pretty standard. Do you think these measures are done for fun?
If you still don't believe me, then go sell on LBC, make sure you give instant release to all newbs that do cash deposits.
Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.
If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.
I once read a story on the LBC forums where the seller alleged the buyer and bank teller knew each other (they were from a small town) and colluded together to reverse the cash deposit. I have no way of knowing if that is true but I am sure something like that could very easily happen.
Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.
If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.
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