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4 Apr 2022

$10,000 wire transfer disappears after bank puts it in wrong account

Author: admintech | Filed under: Finance/ Money
Robert Behan, left, and Barbara Behan

It’s advertised as a safe and reliable way to move money, but an Ontario couple says the $10,000 wire transfer they sent their adult son in Alberta was deposited into the wrong account, and then disappeared. An expert says Canada’s wire transfer system is flawed and prone to errors.