Originally Posted by shawnp

Ok, most of you know I work for a bank. Have worked in collections and now do underwriting. I can tell you that it is possible for a wire transfer to go thru twice. What is not possible is for it to clear an account that quick. The wire transfer works like this:
1) Your bank sends the transfer to a general wire transfer account at the recieving bank.
2) The recieving bank process the wire transfer and withdraws from the transfer account and deposits the money either to the individual account or to a branch account where it would then have the branch withdraw and deposit to the individual account.

Banks send out wire transfer in bulk, generally in the afternoon and in most cases, the afternoon of the next business day. They don't just send transfers out when you are standing at the teller window. That means the money would be processed in the evenings business of the day recieved and not available for immediate withdrawl. If the bank saw 2 of the same transfers for the amount I would think it would send up a red flag.

Oh yeah, banks have to balance out each night before they can close out. If the bank sent out $36K instead of $18K from this account, it would have immediately been caught in the evenings balancing.


Sounds to me like someone is just a little pissed that he got burned on the deal and is trying to scare this guy into being honest. If this guy sold you a junk car, you are not going to scare him. You need to pursue this legally and not verbally.