Can the bank trace a transaction?
Yes, banks can trace transactions. Here’s how:
- Transaction Details: Banks have a record of all transactions made through your account, including date, time, amount, and the recipient’s details.
- Unique Transaction ID: Each transaction is assigned a unique transaction ID which helps in tracing it.
- Contact Bank: If you need to trace a transaction, contact your bank’s customer service and provide them with the transaction ID or other relevant details.
- Investigation: The bank will initiate an investigation to trace the transaction. This process may take some time depending on the nature and complexity of the transaction.