Question by Wickex: What happens when you enter the wrong place of residence when you’re sending money with online banking?
What happens when you enter the wrong place of residence when you’re sending money with online banking? I accidentally entered the name of the wrong city (the right city isn’t really far from it) but nothing odd happened. Will the money arrive, will it be lost or will it be sent back?

Best answer:

Answer by STEVEN F
The bank has no clue where you intended to send the money. If the cutoff time for canceling the payment has passed, their is a check in the mail to the address you entered. If there is no such address, or whoever is at that address is honest, it will be returned to your bank. If there is someone at that address that is NOT honest, it it YOUR job, not the banks, to recover the money from them. I suggest contacting your bank ASAP to see if they can help.

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Filed under: Online Banking

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