Re: Are BoA transfers reversible?

Unless the other person deposits cash into your account then it is possible to reverse the transaction. This is true for all banking transactions. Period.

If you spend some time reading comments above, you should know CASH deposit is reversible for BoA.

No they are not. The person who posted that is likely spreading FUD. The only real possibility to do this is to convince the teller to give the account "intimidate" availability for a check deposit so it would look like a cash deposit on online banking, but it would really not be a cash deposit.

I once read a story on the LBC forums where the seller alleged the buyer and bank teller knew each other (they were from a small town) and colluded together to reverse the cash deposit. I have no way of knowing if that is true but I am sure something like that could very easily happen.

If there were any witnesses to this or any paper trail at the bank then the teller could be fired and the bank held liable for the seller's loss. The buyer would have likely have been required to show a picture of the receipt and if the teller had provided a fake one this would have been easily traceable.

I would agree with this. I think the chances of a rogue teller are very slim to none. The consequences of the teller doing something like this would be much greater then the potential profit the trader could potentially earn. After the fact it should also be obvious as to what had happened so it would not be difficult to catch the rouge teller.