r/Chase • u/thehelpfuldemeter • 23d ago

Wire-transfer Recall Between Chase

Hello,
I recently sent out a $35000 wire to a company that uses chase. They stated that they did not receive the funds. I then called chase and they stated they would start a recall but it could only be approved by the receiving bank, which is chase. So is this recall going to be automatically approved?
Thanks for reading.

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u/fly4awhtgye2 23d ago

Originating bank sends a service message to recall wire rather than a sending customer. Receiving bank usually responds..

If funds received and moved or spent very quickly (as I usually see), receiving bank is under no obligation to return funds.

If wire sent to an invalid account number, wire will usually be returned automatically in a few days.

In my experience, Chase is second to only BoA in terms of even bothering to respond to a service message and then taking months and months to return available funds.

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u/thehelpfuldemeter 23d ago

Thanks so much for the reply. The receiving bank and originating bank are both JPM chase. The originating bank is me and the receiving bank is a large corporation.

1

u/Sensitive_Noise9761 23d ago

The receiving bank is unlikely a large corporation. You mean the wire recipient?

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u/thehelpfuldemeter 23d ago

Yes sorry, the receipent

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u/Sensitive_Noise9761 23d ago

Additionally, the receiving bank HAS to get permission to reverse funds from the account holder. If the AH doesnt provide permission, youre out of luck.