Choicebank used to have an intermediary bank north channel bank.
Now it no longer uses it.
However my business partner sent money to me through the old wire instruction.
Choice bank says that the money will be returned or they have to recall.
Actually what happens when things like this happen? Does choice bank have a bank account in north channel bank and then close its account?
Once its account is closed what happens to wire sent there?
This was the last payment instruction