By Raphaël MORENON
1 June 2025
Bank transfers, which have become everyday tools for individuals and businesses, are based on precise legal mechanisms. However, sometimes a transfer is not carried out correctly or is delayed, raising questions about the applicable deadlines and the liability of banking institutions. Understanding these rules is essential if you are to protect your interests and know how to react in the event of an anomaly. Our firm will explain the principles governing the non-execution or delay of transfers, and the remedies available. Notion of irrevocability and enforceability A transfer order is distinct from the transfer itself. The order is the instruction given by the payer to his payment service provider. The transfer transaction corresponds to the execution of this order, a scriptural process for transferring funds. This distinction is fundamental, particularly in determining when the order becomes irrevocable and its effects on third parties. Historically, case law has held that...
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