Wire Transfers and Lawful Money Redemption

Wire Transfers and Lawful Money Redemption

Unfortunately, the way wire transfers are conducted - there is no paper trail for one to indorse acceptance of funds in lawful money. Therefore, a check or other form of payment should be the first lawful money indorsement before a wire is accepted. Not every transaction can be accounted for in lawful money; however, where possible collect as much proof for any future inquiries.