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Sort of depends… on if its a person or business on the other end ;-) https://arstechnica.com/tech-policy/2021/02/citibank-just-got-a-500-million-lesson-in-the-i

• jonas21 5y ago
  Well... in that case, the sender actually owed the recipient the money. It just wasn't due at the moment. From the article: > Citibank sued, arguing that it was entitled to get the money back since the cash was sent out by mistake. Ordinarily, the law would be on Citibank's side here. Under New York law, someone who sends out an erroneous wire transfer—for example, sending a payment to the wrong account—is entitled to get the money back. > But the law makes an exception when a debtor accidentally wires money to a creditor. In that case, if the creditor doesn't have prior knowledge the payment was a mistake, it's free to treat it as a repayment of the loan. Judge Furman ruled that that principle applies here, even though Citibank notified its creditors of the mistake the very next day. The defendants noted that the amounts they received matched the amounts Revlon owed down to the penny, making it reasonable for them to assume it was an early repayment of the loan.