Consumer Banking and Payments Law: 6.7.6.1 Each Party Responsible for Their Own Errors
Article 4A addresses two kinds of errors—(1) those caused by the originator (i.e., the consumer sending a wire transfer) and (2) those caused by others in the transfer chain. Errors can occur, for example, due to a mistaken or ambiguous description of the order by the originator or due to an inadvertent alteration of the order by the originator’s bank or by one of the subsequent banks or parties sending that order through the system.