Can an international money transfer be cancelled after it has been sent? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can an international money transfer be cancelled after it has been sent?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Contact your bank immediately and request a recall/cancel.

Steps

  1. Once the transfer has been sent, there is no guarantee it will be canceled; success depends on the execution phase and other banks, and may require beneficiary approval.

  2. If the transfer was made in error, speed is more important than any other step.

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