95580 SMS notifies the transfer. Can the other party cancel the transfer?

95580 SMS notifies the transfer, but generally the other party cannot cancel the transfer.

SMS notification can be divided into two situations:

1. bank card SMS reminder service. This kind of short message is usually received when the bank card funds change. If you receive a text message saying that the money has arrived at your bank card, you can't withdraw the money and transfer it.

2. When using online banking to transfer money, you can choose to notify the payee and send a text message to the payee after selection, but receiving the text message does not mean receiving the money, that is, if the payee's account is wrong, you can receive the text message, but the payee will not receive the money in the end.