🇿🇦 South Africa 1d ago · Alicia Naidoo

What happens if I pay money into the wrong bank account?

The South African
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What happens if I pay money into the wrong bank account?
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Paying money into the wrong account number is one of the most stressful things one can experience. Unfortunately, getting the money back isn’t always guaranteed.



Here’s all you need to know if this happens.



CAN YOU AUTOMATICALLY REVERSE A PAYMENT?



Most electronic transfers use the account number as identification and not necessarily the account holder’s name.



So if you type the correct name but an incorrect digit in the account number, the bank’s system will

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