Scam Victim Solution Center: How to Write an Effective Fraud Report

Silence is fraud's best friend.  Word of mouth is fraud's worst enemy.  Pass the word!TM

  Search Contact Us Report Email Fraud


About Fraud Aid Disclaimer How to use the Solution Center Solution Center Menu Info Documents

Explanations & Definitions





Disclaimer: We are not attorneys and don't pretend to be.

In our experience, the solutions offered in this section have proven to be effective; however, we always recommend that you consult with an attorney.

If you have doubts about Fraud Aid, do not hesitate to contact Federal (FBI, Secret Service, RCMP) Scotland Yard, or local law enforcement to check us out.


Stay out of debt and stay out of jail:

The legal truth about work-at-home money, package, and check forwarding jobs


How to really verify a check

Your ID Theft Prevention To-Do List

What to do about threats from scammers


Introduction Fedwire SWIFT Other wire transfer systems


The Federal Reserve Wire Network

What is Fedwire? What does a Fedwire look like? What Fedwire is used for?

Who has access to Fedwire?


> Basic Domestic Transfers

> When a correspondent bank is involved

> When offshore (cross border) banks are involved



What is Fedwire?

Fedwire stands for Federal Reserve Wire Network.  It is a high-speed electronic communications network that links the Federal Reserve Board of Governors, the 12 Federal Reserve Banks and the 24 branches, the U.S. Treasury Department, and other federal agencies.

What does a Fedwire look like?

A Fedwire is an electronic transmission.  One can only look at a print-out of the actual transmission.  The transmission contains inter-bank codes that are changed continually, a reference number, the names of the sending and receiving banks, the transfer amount, and the name and account number of the sending account holder and the receiving account holder.  And that's all.  The crediting and debiting of Federal Reserve accounts is understood.  It is not a required part of the transmission.  There are no instructions, no conditions, no words at all that are not part of an account name or bank address.  Unless you are on the sending or receiving end of Fedwire funds and want to verify the transmission for some reason, the print-out is not very interesting. 

Back to Top

What Fedwire is used for

Fedwire is used for

> Large dollar time-sensitive payments

> Funds transfers between reserve banks

> Purchases or sales of Federal Funds transfers between correspondent banks

> Sales of book-entry U.S. Government securities

> Collection of tax and loan accounts in commercial banks

> Funds disbursement


Who has access to Fedwire?

> Federal Reserve Member banks

> Financial institutions that have depository accounts with the Federal Reserve

> Foreign banks located in the U.S.

Back to Top                                                                                                                                Next►

 Introduction Fedwire SWIFT Other wire transfer systems




Reporting, crime-fighting, and victim resource links

Copyright 2000-2011 Fraud Aid, Inc.  -  All Rights Reserved

Privacy Policy Disclaimer  Spam Policy