What happens if I mistype a recipient’s bank account number when transferring money online?

Asked Jun 10, 2013· 1 answer
Faisal KhanAnswered Jun 10, 2013
It depends where in the world you are doing this. The transaction most likely would eventually be rejected. It might be stuck for a day or two, but since the benefactor name would not match the Bank Account Number / Branch Number, the transaction would bounce back.

The caveat being, that in your part of the world, the Bank Account Holder's name is matched with the Account number.
Account-to-Account PaymentsWire TransfersPayment InfrastructureVerification of Payee
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