Are BoA transfers reversible?

[itsAj]

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.

No they are not. The person who posted that is likely spreading FUD. The only real possibility to do this is to convince the teller to give the account "intimidate" availability for a check deposit so it would look like a cash deposit on online banking, but it would really not be a cash deposit.

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 there were any witnesses to this or any paper trail at the bank then the teller could be fired and the bank held liable for the seller's loss. The buyer would have likely have been required to show a picture of the receipt and if the teller had provided a fake one this would have been easily traceable.

I would agree with this. I think the chances of a rogue teller are very slim to none. The consequences of the teller doing something like this would be much greater then the potential profit the trader could potentially earn. After the fact it should also be obvious as to what had happened so it would not be difficult to catch the rouge teller.

[1715490544]

1715490544

[CEG5952]

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.

[ForgottenPassword]

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

[rebroad]

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.

No they are not. The person who posted that is likely spreading FUD. The only real possibility to do this is to convince the teller to give the account "intimidate" availability for a check deposit so it would look like a cash deposit on online banking, but it would really not be a cash deposit.

The above is FUD. I had two cash deposits reversed with BoA and they happened several weeks after the deposits were made. It's now 18 months later, and I've still not managed to recover the funds that were reversed. The Bank of America is suggesting I sue them.

[viking02]

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?

[Windpower]

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?

Bank transfers are always reversible... But cash deposits isn't.

[viking02]

How long are bank transfers reversible for?


I did read cash deposits are reversible...

[viking02]

anyone know?

[cptdome1]

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.

[viking02]

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?

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...

[viking02]

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...

[viking02]

anyone can offer more info on this?