In some cases, we have a lot going on in our minds when making financial transactions, and one wrong move could result in unpleasant situations such as having our money transferred to a wrong bank account.
Should you find yourself in a similar situation, please follow these steps;
STEP 1
Pay a visit IMMEDIATELY to the bank in whose account the money was transferred into to make a formal complaint. Remember, time is of essence.
STEP 2
Should the bank be unable to effect a reversal on the wrong account upon receiving your complaint, seek the help of your lawyer to make an application to the court to reverse the said money to the account of transferor.
Ideally, the bank ought to effect a reversal immediately a formal complaint is made. However, there are circumstances in which it may be unable to do so. They are;
i. Where the transferor and the wrong account holder, do not operate accounts at the same bank.
ii. Where the wrong account holder withholds consent to reverse money to the transferor.
iii. The wrong account holder has moved money to a different account.
iv. The wrong account holder has withdrawn the money.
The bank upon obtaining a verified copy of the court order would affect a reversal to the account of the transferor.
STEP 3
Should the funds be transferred by the wrong account holder into a different account or withdrawn, do not panic as the bank could be compelled to freeze all funds in the account of the wrong account holder which prevents him/her from depositing or withdrawing from such account. You’ll however need to work with your lawyer to compel the bank to do so.
There you have it, your four practical steps to take should you fall into a situation like this. Need help? Contact us via this link https://lexpraxisng.com/contact-us/ and we’ll be available to assist you.
Image Credit; Punch Newspapers.
Harpreet Gill
My brother send money to wrong email address and he have auto deposit and can you hel me get out
Cynthia Tishion
Hello Mr Harpreet, sorry to hear about your plight. By the wrong email, I believe you are referring to the wrong bank account. If yes, please follow the steps provided in the article. Please note the steps are applicable to persons who own and operate a bank account in Nigeria. We can assist you with getting the court order needed for recovering your funds from the account. For further discussions in this regard, please send a mail to info@lexpraxisng.com
Jeremiah Timothy
I send money to a wrong account number can you help me get the money back
Cynthia Tishion
Yes we can help you, depends on your location.
Abubakar Bashir
I transfer money to a wrong account, please can you help me get it reversed. Thank you
Cynthia Tishion
Mr Abubakar, yes we can. But it depends on your location.
Onwe Gladys
I send money to account number which was discovered to be 419, can it be refund or track the person
Cynthia Tishion
Sorry to hear about that Gladys. If you have the account details of the person money was transferred, you may follow the steps provided in the article above. Another option is to work with security agencies such as the Police. You also have to take the expenses incurred while recovering the lost money in question. Is it worth spending on the amount you are trying to recover? Hope this helps.