Instant bank transfer safe

instant bank transfer safe

If you pay by bank transfer (online or over the phone), are you protected where someone is told to transfer money to a so-called safe account. I am about to do a deal for $5k, I will be recieveing the money to my bank. Is is possible for the other guy to reverse the payment after it is sent?. Those transfers are generally not as instant or safe as bank wire transfers, as described above. In fact, almost all payments are electronic these.

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