Can an erroneous bank transfer be canceled in Peru?

Bank transfers are a method by which you can transfer your funds to another person or entity. To do this you need the exact account number of the recipient, however, due to the pressure of time, one can get confused in a number, make the transfer and the money reaches the wrong person. Although there are filters in which they allow you to confirm the operation and mention the receiver before carrying it out, not many take it seriously and do it out of inertia. In this note we tell you what you can do if you make this mistake.

Can a bank transfer be canceled if it is wrong?

According to what was stated by the Superintendence of Banks, Insurance and AFP (SBS) to La República, a bank transfer cannot be canceled if the recipient is mistaken. This is because it becomes part of the other person’s background and it is intangible. It can only be done in exceptional cases such as fraud and this must be signed in a contract between the client and the company.

What to do if I make a wrong deposit?

According to Ana Reátegui, a finance professor at ESAN Graduate School of Business, the first thing to do is go to your bank and ask for a return of the money, there they will contact the recipient of the amount and start a refund process, which will be long. It can also be applied in cases where a double payment of a service is made, but the bank must verify that there is an error and the user will be the one who starts the whole process. Since the transfer is a voluntary procedure, it cannot be reversed because the bank has not made a mistake, as she indicated in a previous dialogue with this medium.