You're simplifying matters. If money was clearly sent in error, the bank can protect it from being spent (and subsequently refund it), unless the recipient disp

You're simplifying matters. If money was clearly sent in error, the bank can protect it from being spent (and subsequently refund it), unless the recipient disputes it: > When you notify your bank or building society that you have made an electronic payment to the wrong account, your bank will commence action on your behalf within a maximum of two working days. > Where your bank finds clear evidence of a genuine mistake, they will contact the receiving bank on your behalf with a request to prevent the money being mistakenly spent. As long as the recipient does not dispute your claim, you will subsequently receive a refund of the protected funds within 20 working days from when you notified your bank. http://www.fasterpayments.org.uk/press-release/new-help-customers-recover-payments-sent-error http://www.fasterpayments.org.uk/press-release/new-help-cust...