Incorrect Bank transfer

[qkDre]

Hello Everyone, So recently I was doing money transfer to someone and I ended up entering wrong acc number, and the transaction was successful. Now I have raised complaint through my branch about it. I wanted to know if anyone else had done such mistake and what was their experience like.

 

[techhdate]

to my knowledge the receiving branch will check the account number with the account name..if it doesnt match you are good

 

[ujjawal]

to my knowledge the receiving branch will check the account number with the account name..if it doesnt match you are good

Transfers goes through account number only as per RBI guidelines, name doesn't make any difference. You can try putting name as Abc Def and transaction will go through if account number is valid.

 

[techhdate]

Transfers goes through account number only as per RBI guidelines, name doesn't make any difference. You can try putting name as Abc Def and transaction will go through if account number is valid.

i know transaction will go through and its all well and good if you had the correct account number...but when you contact the bank saying its wrong transaction..u dont think bank will verify the account name with account number? you can claim you wrote wrong account number but u cannot claim you wrote the wrong account name while belongs to that account number too

 

[ujjawal]

i know transaction will go through and its all well and good if you had the correct account number...but when you contact the bank saying its wrong transaction..u dont think bank will verify the account name with account number? you can claim you wrote wrong account number but u cannot claim you wrote the wrong account name while belongs to that account number too

Definitely you can do that but If wrong account number person has withdrawn then it is very difficult to recover money

 

[techhdate]

Definitely you can do that but If wrong account number person has withdrawn then it is very difficult to recover money

you definitely cannot even if the guy doesn't withdraw money...bank cannot take credited money out of anyone's account without the account holders permission

 

[sauravkumar]

Bro mere sath hua h...
Bank se request dalwaya tha...
But Receiver Bank ka approval nhi mila... Toh refund nhi hua!!😔😔

Agar wapas mile toh btana pura process!!😁😁
Good Luck!!

 

[Deleted member 5552]

to my knowledge the receiving branch will check the account number with the account name..if it doesnt match you are good

You can use any name... Name doesn't matter for money transfer.

Same happened to me some years ago when someone sent 25 k to me via branch. From IOB to Canara.... He mistakenly quoted wrong number (For eg 08 instead of 80) and amount went to another person. I asked the sender to check the deposit slip or send me proof that in which account he sent money. He kept saying that he transferred in correct account. But at last he cross checked with the deposit slip and my account number and he found ac number mismatch in slip.

I went to home branch, manager checked and found that 25k credited to that person's account and he didn't withdraw it. Quickly manager sent a mail to block that amount to his branch manager and money was returned successfully to the sender account


So it is little hard to get the money if money is already withdrawn.

 

[techhdate]

You can use any name... Name doesn't matter for money transfer.

Same happened to me some years ago when someone sent 25 k to me via branch. From IOB to Canara.... He mistakenly quoted wrong number (For eg 08 instead of 80) and amount went to another person. I asked the sender to check the deposit slip or send me proof that in which account he sent money. He kept saying that he transferred in correct account. But at last he cross checked with the deposit slip and my account number and he found ac number mismatch in slip.

I went to home branch, manager checked and found that 25k credited to that person's account and he didn't withdraw it. Quickly manager sent a mail to block that amount to his branch manager and money was returned successfully to the sender account


So it is little hard to get the money if money is already withdrawn.

in a deposit slip..there are two places you write account number..one for banks copy and another counter file for you..its banks job to make sure those account numbers match..so if the transfer happens because of that then its banks fault..but in online transaction you will receive refund only if the wrong receiver agrees to refund the money
if u want information regarding this refer this

https://www.bankofbaroda.in/banking-mantra/digital/articles/money-transferred-to-wrong-account-number-heres-how-to-get-it-back

 

[Deleted member 5552]

in a deposit slip..there are two places you write account number..one for banks copy and another counter file for you..its banks job to make sure those account numbers match..so if the transfer happens because of that then its banks fault..but in online transaction you will receive refund only if the wrong receiver agrees to refund the money
if u want information regarding this refer this

https://www.bankofbaroda.in/banking-mantra/digital/articles/money-transferred-to-wrong-account-number-heres-how-to-get-it-back

Bank cannot match account number and name as IOB can't verify Canara Bank account holder name for NEFT in some years ago

I think now Bank has all these facilities to check other bank customers' name also

 

[qkDre]

I will keep you guys updated as the matter unfolds. Hopefully I get the refund.

 

[qkDre]

As of now complaint has been forwarded to concerned branch and the amount has been put on hold.