Exactly, which is why banks are loathe to approve such transfers in the first pl... | Hacker News

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		fakedang 3 months ago \| parent \| context \| favorite \| on: 'Tech entrepreneur took our money but failed to de... Exactly, which is why banks are loathe to approve such transfers in the first place. I'm wholly surprised that the banking ombudsman is able to force such transaction reversals.

retube 3 months ago [–]

> wholly surprised that the banking ombudsman is able to force such transaction reversal

They can't force transaction reversals or clawbanks. They actually force the bank to take the hit.

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