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I have more than once typed ref-number into the amount field. Ofc a transmission of $9765775689758 won't succeed, but if it did, I'm told there's little to be d
by posterboy 5y ago
I have more than once typed ref-number into the amount field. Ofc a transmission of $9765775689758 won't succeed, but if it did, I'm told there's little to be done about it, finders keepers.
- rosndo 5y agoYeah, if you do that and the other party runs off with the money you’re screwed. You can certainly pursue the matter in civil courts, but law enforcement does not like to touch this kind of stuff at all. If the recipient transfers the money overseas, you will most likely never be able to recover it.
- href 5y agoI don't think that's the case everywhere. In Switzerland at least, if I send you money by mistake, I can claim that money back and you would have to give it back to me, even if you have spent it already - unless you can reasonably claim that you were unaware that this money was not meant for you. As a result, if I received a large amount of money that I coulnd't explain, I would contact the sender or the bank first. I can't just spend it immeditaly and claim that I had no idea.
- rosndo 5y agoYeah, good luck getting that money back if the other party doesn’t want to play along. Enforcing court judgements isn’t easy in these situations.
- distances 5y agoWhere would it be non-reversible? At least in Europe you totally do not own money that is transferred to your bank account by mistake. You'll have to pay it all back. There have been court cases after people spent such windfalls, and yes, they are still in the hook for full returns.
- rosndo 5y agoIf the recipient of the windfall is not honest, they can just move the money to another country. You can go to court and get a judgement against someone with no assets to collect. In the end you’ll just have lost even more money.