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If I was a victim of wire fraud does the bank...

Resolved • Response time 1 minute

18 Jun 2021

If I was a victim of wire fraud does the bank have to give me my money back?
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18 Jun 2021

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Lawyer's response
18 Jun 2021
legalgems
legalgems

Unfortunately no. If a person sends money and it is a fraud or scam the bank is not liable.  I wish I had better news.

18 Jun 2021
Customer reply
18 Jun 2021
What if it was unauthorized
18 Jun 2021
Customer reply
18 Jun 2021
?
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

So a person accessed your account without authority and made an unlawful withdrawal or transfer?

18 Jun 2021
Customer reply
18 Jun 2021
Yes
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

Then the bank may be liable.  They are generally liable for unauthorized transactions but typically a wire transfer requires the bank account holder to complete the wire transfer request. If no such request was filled out then yes the bank can be sued for breach of contract and negligence

18 Jun 2021
Customer reply
18 Jun 2021
What's a request
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

It’s asking the bank to arrange a wire transfer.

18 Jun 2021
Customer reply
18 Jun 2021
How long will it take for them to reach a decision? I've been waiting a week and still no mail
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

That depends on their company policy.  The consumer can always sue in civil court for a court judgment as well.

18 Jun 2021
Customer reply
18 Jun 2021
Do you know how bank of america handles this? I been without money for a few days the lady said 10 days for temporary credit or something but idk why I have to wait so long
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

Unfortunately I do not as that is their internal policy.

18 Jun 2021
Customer reply
18 Jun 2021
What if they can't find fraud? I have to sue them then?
18 Jun 2021
Customer reply
18 Jun 2021
.....
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

If you parties are not able to come to a resolve then yes a civil suit is an option.

18 Jun 2021
Customer reply
18 Jun 2021
Do you know how long it usually takes to reach a decision? I call them everyday
18 Jun 2021
Lawyer's response
18 Jun 2021
legalgems
legalgems

That unfortunately is an internal process so they would have to answer that.

Customer rating:
legalgems
legalgems
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18 Jun 2021
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Customer reply
18 Jun 2021
Iok
18 Jun 2021
Customer reply
18 Jun 2021
Ok
18 Jun 2021

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