{"id":12299,"date":"2025-08-12T04:00:00","date_gmt":"2025-08-12T10:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=12299"},"modified":"2025-08-11T18:05:05","modified_gmt":"2025-08-12T00:05:05","slug":"tuesday-wisdom-wires-are-precarious","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2025\/08\/12\/tuesday-wisdom-wires-are-precarious\/","title":{"rendered":"Tuesday Wisdom: Wires are Precarious"},"content":{"rendered":"\n<p>Generally, the quickest way to move cleared funds between deposit accounts in the US is <a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-a-wire-transfer-en-1163\/\">via wire transfers<\/a>. Churners often like wires because:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Limits are huge<\/li>\n\n\n\n<li>Funds are guaranteed (they can&#8217;t bounce)<\/li>\n\n\n\n<li>Fees are often minimal<\/li>\n<\/ul>\n\n\n\n<p>Wires have a dark side though: For the exact same reasons that they&#8217;re useful for a churner, they&#8217;re risky for a sending bank. Because of that risk banks often have fraud analysts look at your wire and your account activity before releasing funds, and if you play lots of manufactured spend related games, I&#8217;m guessing a fraud analyst won&#8217;t like what they see.<\/p>\n\n\n\n<p>I get a report at least monthly from someone who had a bank or credit union shutdown after sending a wire, so keep your activity, bank history, and profile in mind before sending one from an account you care about.<\/p>\n\n\n\n<p>Happy Tuesday!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"776\" height=\"508\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2025\/08\/badnewsbears.png\" alt=\"\" class=\"wp-image-12300\" style=\"width:420px\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2025\/08\/badnewsbears.png 776w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2025\/08\/badnewsbears-300x196.png 300w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2025\/08\/badnewsbears-768x503.png 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\" style=\"font-size:14px\">An analyst looks into an infamous churner&#8217;s deposit account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Generally, the quickest way to move cleared funds between deposit accounts in the US is via wire transfers. Churners often like wires because: Wires have<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[12,56],"tags":[],"class_list":["post-12299","post","type-post","status-publish","format-standard","hentry","category-ms-hints","category-wisdom"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/12299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=12299"}],"version-history":[{"count":4,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/12299\/revisions"}],"predecessor-version":[{"id":12304,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/12299\/revisions\/12304"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=12299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=12299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=12299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}