What happens if my closing funds get wired to the wrong account by mistake?

The moment a wrong-account wire is discovered, speed matters more than almost anything else, because funds sent to the wrong account, whether by simple error or fraud, can be moved out again very quickly once received. Contact your bank immediately to request a recall of the wire and notify your lawyer right away, since they will need to know your closing funds have not actually reached the intended trust account.

A bank can attempt to recall a wire, but recall is a request, not a guarantee: it generally depends on the receiving bank and the account holder cooperating, and there is no assurance the money can be retrieved, particularly if it has already been withdrawn. If the funds cannot be recovered in time for your scheduled closing, your lawyer will need to discuss options with you, which may include a short delay while alternative funds are arranged. Going forward, always independently verify account and wire details before sending money, since this kind of error is exactly what careful verification is meant to prevent.