Nowadays, internet transfers are everyday. We often make them mechanically, without taking the necessary care. In this situation, however, it’s easy to make a mistake. Let’s check what to do if we made an incorrect transfer. Will it be possible to recover money?

Types of errors when making transfers

We often think that the problem of making an incorrect transfer does not concern us, because we are careful and attentive. It is not difficult to make a mistake. Especially nowadays, because according to the applicable law, when making a transfer, the bank only takes into account the customer’s account number provided by the sender. Filling out the other fields is optional, so it’s easy to make a mistake.

We usually make the following errors when making a transfer:

  • providing incorrect data of the recipient
  • Incorrect recipient’s account number
  • providing an incorrect transfer amount

Let’s take a closer look at each of the possible errors and see what the consequences are.

Entering incorrect recipient data


If we provide the wrong name and surname of the recipient or incorrect address in the bank transfer details, it will not affect who the money will reach. The bank takes into account the account number, which we provide when making the transfer. The sum will therefore be transferred to the account holder, even if personal data do not match.

Incorrect recipient’s invoice number

Providing the wrong account number is a serious mistake. In this situation, it is very likely that the funds will go to the wrong account.

The banking system, however, defends itself against such mistakes. Our account numbers have a special 26-digit design. Incorrect entry of digits may result in the fact that the checksum of the entire number will not match. Thanks to this construction, a mistake in the account number can be detected before we make the transfer, the bank will inform us and the transfer will not be completed.

Entering the wrong transfer amount

If we make a mistake about the amount of the transfer, the bank will perform the transaction in most cases. It will be blocked only if the amount entered exceeds the balance available on our account.

In accordance with applicable law, when making a transfer, the bank only takes into account the account number indicated by the sender. It is worth remembering when carrying out a transfer and account number check several times about recipients to whom we often transfer money, save as defined recipients. In this case, is it necessary to complete the remaining fields? It is worth doing it, because if we enter the wrong account number, it will provide us with additional protection.

Mistake in transfer: what to do?


The sooner we react, the better. The option of withdrawing or canceling a transfer is linked to its status.

The chances we have to recover money therefore depend on the type of transfer we have made.

Of course, the easiest way to recover money is for a transfer with a deferred payment date. We also have some time when the money is to go to an account holder in a bank other than ours. The most difficult situation is the transfer to the owner of the account in the same bank: in this case the transfer of money occurs almost immediately.

Demand for payment

If the transfer has already been made, a request for payment should be sent to the recipient of the incorrect transfer. The bank sends such a request with a return receipt. These types of formalities are handled through the bank, because it cannot provide us with the data of the person who received the money.

Your request for payment must include the three most important information:

  • specify the amount to be refunded
  • set a return date (after exceeding this, interest will be charged)
  • provide the invoice number to which the refund should be made
  • provide your details
  • explain briefly why the mistake occurred
  • indicate the date of the incorrect transfer

If we have provided the recipient’s personal data in the transfer, we can use this fact at this time.

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