Timeline for Sent wrong payment to right IBAN but wrong SWIFT. What will happen now?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Feb 19, 2019 at 16:37 | comment | added | glglgl | @aCVn How should that be possible? IBANs are unique worldwide, they are just not (easily) routable. | |
| Nov 13, 2017 at 12:30 | comment | added | Relaxed | @MichaelKjörling It cannot possibly match an account if the SWIFT code is wrong as the IBAN also identifies the bank unambiguously. On the other hand, the payment could conceivably go through by ignoring the SWIFT/BIC, which is not required between countries using IBANs (including the SEPA). But which receiving bank are we talking about? How are these things routed when the SWIFT and IBAN point to different banks? | |
| Nov 13, 2017 at 11:42 | comment | added | serakfalcon | @Rebecca Todd usually the receiving bank will be able to sort it out. Especially the odds that ALL the info sent including recipient name and address will match is practically zero so chances are the transaction will be sent back. There may be some manual proccessing involved so you should call your bank asap to get them working on it. | |
| Aug 11, 2017 at 15:02 | comment | added | Rebecca Todd | Many thanks. If on the chance it does, what are the consequences? | |
| Aug 11, 2017 at 13:50 | history | answered | Dheer | CC BY-SA 3.0 |