[cstreit]

A wire transfer is NOT reversible. I use this all the time for high dollar transactions on our brake kits from overseas customers, as we get many fraudulent transactions.

You give them your routing and account number ( often they also need a intl wire code) and they transfer funds. You cannot transfer funds OUT of an account with this info.

I have heard of one scam around this. With that information someone created a fraudulent check. Should that happen you would not be liable as account and routing information is not secure, given it is clearly printed on every check you ever wrote.