How to Challenge a Bank’s Wire Transfer Recall Under UCC Article 4A in New York
A New York bank wire transfer is typically irrevocable once the beneficiary’s bank accepts the payment order under UCC Article 4A—meaning a “recall” often fails unless a narrow exception applies. In practice, banks still attempt recalls due to suspected fraud, OFAC concerns, sender error, or internal compliance flags. This article explains how to challenge a […]
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