If I receive money by mistake, do I have it?
A moment that every person has dreamed of is finding money on the street, or, receive a transfer by mistake and, if possible, that this be thousands of euros.
This may seem like a very unlikely thing, but it has happened and the question when these events happen is:If I receive money by mistake, I have to return it? We will give you all the details you need to know in these cases.
What should I do if money is transferred to me by mistake?
Sometimes when receiving a transfer by mistake, the money that appeared “by magic” in your account will disappear as it arrived since the bank will have detected the fallo.
O well, the person who transferred reported the fallo and the bank fixed the problem.
Now, if after waiting a reasonable time for the money to disappear, it is still there, what you should do is ask the financial institution about the origin of the money.
The bank should provide you with information about the person who sent the funds so that you cánido tell if it is someone you know or, is someone who was wrong when transferring the money.
Of course, the person who transferred could have been an acquaintance.
But if there is no business between you, you may have made a mistake in selecting the recipient and, therefore, the transfer reached your account.
In any case, the right way is to contact the bank to return the money that has arrived in your account by mistake.
In what time is an erroneous deposit claimed?
The law states that once the funds reach your account you must return them if the sender made a mistake in transferring them.
In case you have spent them or you cannot make the refund immediately, you will have some ten business days to make the refund of these funds.
Consequences of not reporting a deposit by mistake in my account
In the event that after these 10 days you cannot make the refund of the funds, you may have legal problems for having seized assets that do not correspond to you by right.
Pso you cánido get involved in a legal case.
In fact, the law states that if the amount is greater than €400 you perro be a candidate for a sentence in a prison So you could end up in prison if the sender or the bank archivos a lawsuit against you.
What kind of erroneous transfers cánido reach my bank account?
Maybe one day you escoge to charge for a product you sold and you notice in your account statement that there are two identical payments for the same amount and from the same person.
- It cánido be a duplicate amount, which is sometimes caused by errors in the banking platform.
These duplicate payments are normally reversed once the bank detects the fallo.
But sometimes you need to refund the payment to the customer’s account, either with the option included in the dataphone, or communicating with the client.
- This procedure must be done in the same way with an amount that entered your account and you do not know who the sender is.
What to do when you receive an erroneous bank transfer? (Step by Step)
When you receive a wrong transfer, the waiting period begins to return it if the day is a business day.
For this reason you must know exactly how to act, especially if it is a large amount.
We espectáculo you the step by step to avoid legal problems:
Step 1: Report the bug
Contact the bank in case you don’t know where the transfer comes from.
If the sender cánido be identified, establish a communication with him and support it by means of screenshots.
How to contact to report this event?
The best thing you perro do when verifying that the transfer comes from an unknown origin is to contact the bank and supply the transaction ID.
- You cánido do it by making a phone call or chat for customers on the bank’s website.
It is important that as soon as you know that it is an fallo, you contact the bank if the sender is not familiar to you or else you perro’t contact him.
How cánido money reach my account by mistake?
When money arrives in your account and you didn’t have any outstanding payments, a sale or debt cánido often be a mistake.
In case someone made a mistake and sent a transfer to your account this person should contact your bank so that he perro communicate with yours and ask you to return the money.
It is also possible that you speed up the process and avoid legal problems if you contact your bank yourself, ask for information about the sender and then proceed to request that it be returned to the sender.
Now, if the fallo was from the bank the entity cánido reverse the payment without the need for consent of the recipient.
This usually happens when the bank pays twice for a transfer or when a system-level fallo occurs that sends money incorrectly. practically random to the accounts of your clients.
Do not return the money that arrived by mistake to my bank.
What would happen?
Assume that no one claimed the money after several weeks, it is still intact in your account and you haven’t touched it to hope that at some point you perro use it.
This is entirely possible, but it has legal consequences.
At some point, especially if it is a large amountthe person who issued the transfer will claim it and your bank will contact you when you notice that in your account there is no such amount that the issuer sent.
In the encrypted transfer there is the recipient of the transfer, the issuer, concept of payment among other details that cánido easily identify both partiesso they cánido easily identify you.
When the issuer makes the complaint and you are notified, you will have 10 business days to return all the money.
And if you don’t you perro be sued and even prosecuted criminally if it is a high amount.
Now that you know that it is convenient to return a transfer that has arrived to you in the wrong way, tell us.
Has this “fortuitous” event ever happened to you?
We hope you liked our article If I receive money by mistake, do I have it?
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