2,000 U.S. People a Day are Being Victimized by Wire Fraud
The stolen funds are benefiting criminals across the globe, enabling their operations and harming innocent individuals.
The stolen funds are benefiting criminals across the globe, enabling their operations and harming innocent individuals.
Date: [Insert Date]
To: (Beneficiary Bank)
[Bank Address]
[City, State, Zip Code]
Attn: [Bank Representative’s Name or Department, if known]
Re: Wire Transfer Discrepancy and Demand for Return of Funds ($Amount of Wire)
Dear [Recipient’s Name/To Whom It May Concern],
I am writing to formally notify (Beneficiary Bank) of a significant issue concerning a wire transfer that was processed on [insert date of wire transfer] in the amount of ($Amount of Wire). This transfer was intended for the beneficiary [Insert Beneficiary Name] with the designated account number [Insert Intended Account Number]. However, it has come to my attention that the funds were released to an account where the account number did not match the intended beneficiary’s name.
Despite being aware of this discrepancy, (Beneficiary Bank) still authorized and released the funds to the incorrect account. This act constitutes a serious breach of standard banking practices, including your duty of care to ensure proper alignment between the beneficiary’s name and account number before processing the transfer.
Timeline of Key Events:
Given the facts outlined above, it is clear that (Beneficiary Bank) had knowledge of the discrepancy yet proceeded to release the funds, which is in direct violation of banking procedures designed to protect against fraudulent or erroneous transfers.
Demand for Immediate Action
In light of these events, I hereby demand the immediate return of the full ($Amount of Wire) to my account [Insert Your Account Number] within [insert deadline, e.g., 10 business days] from the date of this letter. Should the full amount not be returned within this timeframe, I will have no choice but to pursue all available legal remedies to recover the funds, including but not limited to the filing of a lawsuit against Truist Bank.
I expect an immediate written response confirming receipt of this letter and your intended course of action. Failure to act expeditiously will leave me with no alternative but to escalate this matter legally, which may include seeking additional damages and legal fees.
Please direct all correspondence regarding this matter to [Insert Your Name] at [Insert Your Email Address] or [Insert Your Phone Number].
I look forward to your prompt attention to this matter.
Sincerely,
[Your Name]
[Your Title/Company, if applicable]
[Your Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]