Incorrect Swift Code and IBAN

the O Reilly connection

I entered the swift code and IBAN of an account incorrectly and transferred money. I discovered this after. In order to make a recall, how do I find out who it belongs to and what is the legal status of the money?

coylemj

You had to be very unlucky to have mistyped the IBAN and still managed to key in a valid combination. The third and fourth characters (IENN in an Irish IBAN) are check digits, generated precisely to catch a mistyped character.

It should have been caught when you tried to do the transfer i.e. your own bank should have told you it was an invalid IBAN.

What is the legal staus if it went through? Legally, the receiver would be obliged to alert his bank to say it was an error. But if it's a relatively trivial (for him) amount and the account is very active with lots of transfers in and out every day, he could claim he didn't notice it.

Can you find out who owns that account? Not a chance. You need to talk to your bank, see if they can track it down and ask the receiving bank to talk to the account holder with a view to getting him to transfer the money back to you.

Madd002

Someone had a post up before like this,

There's new security features on all banks now so if you setting up someone new the name of account must match what the bank has for that said iban it would have flagged up as name of person doesn't match account and given the correct name at bottom and that's where you would have double checked before you could proceed.

Escapees

Sounds like OP has possibly been scammed. Don't buy that someone could get both numbers wrong OR not know who's account it is.

Mo Ghile Mear

https://www.boards.ie/discussion/comment/123959885#Comment_123959885

When I tried to correct the name of a recipient .. at the bank’s request.. the app refused to accept it as it had too many letters. It was a joint account e.g. “John and Angela O'Sullivan” (not their real names) 

I used to have it entered as “J and A O’S” but that won’t link to their iban anymore.

Any idea what I’m supposed to do in that case? 

Rocket_GD

https://www.boards.ie/discussion/comment/123959858#Comment_123959858

Look at the OP's posting history, forever having terrible luck with companies and just wants to blame them for their errors.

If any of this is actually true.

If it is true then a Credit Payment Recovery (CPR) case will need to be set up in order to attempt to recover funds. Whoever received them will be contacted by their bank to see if the money was genuinely owed to them or received in error. They will request permission to return funds to the remitting bank. If refused they may put a hold on the receiver's account for the amount.

If there is a relationship between sender and receiver (ie previous payments sent) then it's between sender and receiver to sort between themselves.

coylemj

https://www.boards.ie/discussion/comment/123960041#Comment_123960041

When you go to do a transfer, you will get a warning if the actual account name in the recipient's bank is not the same as the name you assigned to the payee in your bank. But you can override the warning and tell your bank to do the transfer, regardless.

If you're a BoI customer, this is an unavoidable nuisance since BOI takes the 'Name' of the payee (when you define it) to be both the actual account name and the name that BOI shows you on a list of payees when you go to do a transfer. Which is a royal nuisance if you have multiple external accounts owned by the same person in your list of payees.

For each external payee, AIB lets you define a nickname and an account name. When you then go to do an external transfer, you pick the required nickname as the payee but in the background, it's the person's real name that is used so you don't get any warning.

Mo Ghile Mear

https://www.boards.ie/discussion/comment/123961465#Comment_123961465

Thanks yea I went ahead and did the transfer anyway but got several warning messages…taking a risk.. are you sure you want to go ahead… we will not be responsible if this transfer is unsuccessful… etc.

A real pain when they won’t actually allow me to correct the name of the account as it has “too many letters”.

Nothing is simple anymore. 

apache

I get this a good bit through Revolut. Random people sending me money by mistake. I've logged it with Revolut. They gave me some excuse about having a common user name. Revolut gave my name and address to last sender.

coylemj

https://www.boards.ie/discussion/comment/123961769#Comment_123961769

I find that hard to believe - you're telling us that someone sent you money by mistake and, instead of dealing with them to sort it out, Revolut just gave them your name and address. So they could deal direct with you!

Please tell us you reported this to the Data Protection Commission. And the Irish banking regulator, whatever they're called these days.

You say random 'people' sending you money - how often has this happened?

apache

https://www.boards.ie/discussion/comment/123961973#Comment_123961973

I don't care if you find it hard to believe. It happens quite a bit. I'm fed up so chose to not send last payers amount back. Revolut have the right to give out your name and address in these instances.

Rocket_GD

https://www.boards.ie/discussion/comment/123962171#Comment_123962171

How often are you claiming this happens?

Revolut have no right to give out your personal details, they are a regulated banking entity and would be severely fined for anything like this.

apache

https://www.boards.ie/discussion/comment/123962182#Comment_123962182

About two or three times a month. They said they have a right in order for the payer to start legal proceedings.

Sure I got a letter in the post from the payer. It was a company if that makes any difference.

I'll definitely look into are they allowed to disclose your name and address. Not sure why people are doubtful.

coylemj

https://www.boards.ie/discussion/comment/123962287#Comment_123962287

These people who mistakenly send you money then want to initiate proceedings against you. Presumably because you refuse to reimburse them their money.

Money is arriving into your account two or three times a month - how much cash has dropped into your account so far?

apache

These people are getting their money back reimbursed by me every time. I stopped doing it a few weeks ago because I'm fed up with it all. This is the result. So they can give your name and address. You were wrong. And you jump to a lot of conclusions.

Anyway I've logged the problem with Revolut in the past.

Escapees

https://www.boards.ie/discussion/comment/123962866#Comment_123962866

If true, would a simple solution to the issue be for you to change your username? It's not ideal, but if it bothers you so much it's an easy fix!

Ohmeha

I recall years back if it's PSR or PSD2 there was definitely something introduced buried in the rulebook over erroneous and fraudulent payments that could not be recovered that the payee's bank can be obligated to disclose the payee's exact name & address if a request is submitted by the payer

28064212

https://www.boards.ie/discussion/comment/123963105#Comment_123963105

Correct, Article 88 of the PSD2

Incorrect unique identifiers

If a payment order is executed in accordance with the unique identifier, the payment order shall be deemed to have been executed correctly with regard to the payee specified by the unique identifier.

If the unique identifier provided by the payment service user is incorrect, the payment service provider shall not be liable under Article 89 for non-execution or defective execution of the payment transaction.

However, the payer’s payment service provider shall make reasonable efforts to recover the funds involved in the payment transaction. The payee’s payment service provider shall cooperate in those efforts also by communicating to the payer’s payment service provider all relevant information for the collection of funds.

In the event that the collection of funds under the first subparagraph is not possible, the payer’s payment service provider shall provide to the payer, upon written request, all information available to the payer’s payment service provider and relevant to the payer in order for the payer to file a legal claim to recover the funds.

the O Reilly connection

https://www.boards.ie/discussion/comment/123961107#Comment_123961107

How was Guy Fawkes night?

Rocket_GD

https://www.boards.ie/discussion/comment/123967099#Comment_123967099

We don't celebrate it in Ireland so just a normal evening for me, why?

callaway92

https://www.boards.ie/discussion/comment/123959939#Comment_123959939

No - It’s more likely the OP has actually received their product and is trying to scam.

Their history says it all - Wanting to set up company’s to try and avoid paying VAT on vehicles, blaming companies the whole time. The amount of threads alone in 2025 is alarming.

Get a grip OP ffs

Jim2007

OK. This has run it's course.