Sample Letter to Bank Manager for Wrong Money Transfer to Another Account
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account: If you have accidentally transferred money to the incorrect bank account You can request the manager of the bank to keep the money in the beneficiary account in order to prevent the recipient from being able to utilize the funds.In the meantime the bank or you may contact the person responsible and ask them to return the money.
Learn how to compose an official letter to the bank’s supervisory board regarding improper bank transactions and get the format of a letter sample on this site.
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account
If you’ve transferred the money to the wrong bank account, then you may ask the bank manager to store the funds in the account of the beneficiary, in order that the individual is unable to use the funds.In the meantime the bank or you may contact the person and ask him/her to return the money.
Here you will learn how to compose an email to the bank’s manager about incorrect bank transactions. You can you can also download the sample letter template.
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account
What happens if you transfer funds to the wrong account?
If the person who is the beneficiary doesn’t utilize the money, and belongs with the bank,, your bank may put the money in a hold.This means that the person who has the wrong beneficiary can’t take the money or use it to use for any other purpose.
If the beneficiary is incorrectly linked to a different bank, then your bank may ask the other bank to make the request for money on hold However, it will depend on how quickly your bank bank will respond.
If the money is put on hold, the bank will ask the wrong beneficiary to be aware of the issue and request him/her to return the money to the person who remitted it.
(Or) you can call the phone number of the person and ask for the amount.It all depends on the other party who was not properly or not credited.
If the beneficiary who is not correct is real, the branch of the bank and inform them of the problem, in this case, it’s simple to recover your money.(But it’s extremely uncommon to meet people who do who do that)
It is therefore always advisable to verify the beneficiary account information or mobile number every time you transfer funds via internet bank accounts or UPI payment options like Google Pay or Phonepe.
Sometimes, wrong transactions are made when financial transactions are made via online banking or bank employees.In certain instances an error could not be noticed.It is recommended to notify the bank concerned by way of a letter addressed to the bank’s management.Here’s an example letter that alerts them to the issue.After you have read this example letter, I hope you’ll have an idea of how to structure the letter.
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account
So, here is the Sample Letter to Bank Manager for Wrong Money Transfer to Another Account –
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 1
Date:
To,
The Bank Manager,
Axis Bank (Replace the Name of the beneficiary bank)
Branch:
The address of the bank
Subject: Concerning a money transfer to an account that is not correct
Respected Madam/Sir,
My name is ____________. I utilized my online banking to pay Rs.__________ on _____.
Mr./Mrs.______________ with account number___________ was meant to receive the money. But, the money was transferred to the account number _____ due to a mistake.
I’d like you to know that the transaction’s number is _____ The wrong recipient had the funds, as per to my report.
I’m writing to seek your help in getting my money returned. I’d be very grateful for your help.
Sincere Regards,
Signature
Mobile Number:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 2
To
The Bank Manager
Name of the bank
Address at the bank.
Sub: Wrong money transfers
Dear Sir/Madam
Raghuram Santhapuri is a savings bank account holder with your bank under the a/c 32100256456.I made a wrong money transfer of 10000 rupees (Thousand Rupees) on 25/12/2020.
Instead of sending money in the a/c number 123456789 to Mr. Sunil Padala I have sent the money in to 123456780.
This transaction was made through Quick transfer mode via my internet banking portal. The transaction reference number is 456789456
Here is my request to you: Please help me get back my money. I will be very grateful.
We are grateful.
Sincerely,
Signature.
Mobile No:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 3
Date:
To,
The Bank Manager
Bank of Baroda (Name of beneficiary bank)
Branch:
Address of the bank
Subject – Complaint for Wrong money Transfer to another Account
Respectfully, Sir/Madam,
Please note that I am a resident in (address of sender) for your information.I have an account with your bank in my name. The account number is (account number).An amount of (describe the amount) has been incorrectly credited to Mr/Mrs.___________ (name of the receiver account) rather than Mr/Mrs.________________ (name).
The transaction number is ____________ (mention transaction #) and the transaction date (dd-mm -yyyyy).It was a substantial sum so I request that you verify the situation as soon as possible.
I tried to contact the person who received the money in error before he refused to help me.He told me that he would not return my money unless the bank took the initiative.
I’m unable to solve the problem myself so I need your help.
I eagerly await the assistance of your institution in this difficult situation.
We are grateful and send our best wishes.
Thank You & Regards
(Your Name)
Signature
Mobile Number:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 4
Date:
To,
The Bank Manager
Punjab National Bank of India (PNB), or Name of beneficiary bank
Branch:
Address of the bank
Subject: A Letter to Correct Money Transfer to another Account
Respectfully, Sir/Madam,
I am writing to you to alert you to a problem in the transaction process.I am located near your branch in ________ (address of sender).Your bank has an account in my name_________. The account number is _____(account no.).An error has occurred in that a substantial amount of money__________ (particular sum) was incorrectly credited to Mr/Mrs.________ (name of the receiver account) has been incorrectly credited to Mr/Mrs.____________.
The transaction number is (transactionnumber), and the transaction date is (transactiondate)_______ (dd mm-yyyy).It was a large sum so I ask you to verify the situation and help me as soon as possible.
After I learned of the situation, all I tried to do was contact the person who received the money incorrectly, but he refused to help me.He told me that the bank had to declare the funds in order to be able to refund the money.Since I was unable to solve this problem myself, I am asking for your assistance in recovering my funds.
I hope that I can get your institution’s help in solving this problem soon.
I trust you will listen to my plea and accept it.
We are grateful and send our best regards,
Sincerely,
(Signed by a handwritten signature)
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 5
Date:
To,
The Bank Manager
HDFC Bank (or Name the beneficiary bank).
Branch: Dwarka
Plot No 7, 1st Floor, Pankaj Plaza Dwarka, Sector 11.New Delhi – 110075 (Address to the bank).
SubjectApplication to Transfer Wrong Money to another Account
Respected Sir/Ma’am
That would be a compliment.
My name is Sonu Kamilya and I reside in Sector 11, Near HL Square Market. New Delhi, Delhi 110075.I have the account number 0710801000000 in your bank.Please note that transaction 23546921 was made on the date of 12/08/2021.12/08/2021 transaction 23546921 (Date.)
I hope you can help me.
If you are able to look into this matter and take the necessary steps as soon as possible, I would be very grateful.
Thank you very much
Sonu Kamilya
Mobile Number:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 6
Date:
To,
The Bank Manager
IDBI Bank (or Name the beneficiary bank).
Branch:
(Address to the bank)
SubjectApplication to Transfer Wrong Money to another Account
Respected Sir/Ma’am
The Rs.3000 debit transaction corresponds to the account transaction for the month (name your transaction month).We still have Rs.3000 in our account despite there being no transaction at our end.
This could have been due to an error by the banking sector.After any adjustments, we expect that verification will correct the error and return our deductible funds.
We are grateful to you,
Yours faithfully
Signature
Name of the Account Holder
A/c No.___________________
Contact:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 7
Date:
To,
The Bank Manager
Bandhan Bank (or the Name of the Beneficiary Bank)
Branch:
(Address to the bank)
SubjectApplication to Transfer Wrong Money to another Account
Respected Sir/Ma’am
I have a savings account with your branch using my branch account number.(Insert the account number.This is what I would like to inform you.I transferred Rs.5500 from my account to an incorrect account on August 12, 2021.
I had to immediately transfer money to Mr. Zubair. His account number is 4586354582. However, I accidentally sent it 4586354583. This was incorrect.This erroneous transfer was made using the UPI transfer payment option on my phone, reference number 54GSHD.
Therefore, I ask you to help me reverse the wrong transfer of my money as soon as possible.
If you can kindly take a look at this as soon as possible, I will be very grateful and obliged.
We Thank You
Yours sincerely
(Name & Signature here)
Your Mobile Number:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 8
Date:
To,
The Bank Manager
Ujjivan Small Finance Bank (or Name the beneficiary bank).
Branch Details: Kolkata (Branch Code: 001133)
(Address to the bank)
Subject : Transferred Money in Wrong Account Number and IFSC Code.
Respected Sir/Ma’am
The Rs.13000 debit transaction corresponds to the account transaction for the month (name your transaction month).We still have Rs.13000 in our account despite there being no transaction at our end.
This could have been due to an error by the banking sector.After any adjustments, we expect that verification will correct the error and return our deductible funds.
We are grateful to you,
Yours faithfully,
Raj Chatterjee (Put the Customer Name)
Signature
Name of the Account Holder
A/c No.___________________
Contact:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 9
Date:
To,
The Bank Manager
Yes Bank (or Name the beneficiary bank)
Branch:
(Address to the bank)
SubjectApplication to Transfer Wrong Money to another Account
Respected Sir/Ma’am
Ankit Sen is the account holder of your bank’s savings account. Account number 5332451442.I made a misdirected money transfer of 8 000 rupees (Rs.8,000) on the 12th Aughust 2021.
Instead of sending money to 2561654101 under the name of Mr. Sunil Padala I transferred it to 2561654111.
This transaction was performed using the Quick transfer method of my internet banking portal. The transaction reference number for this transaction is 85456556.
I am writing to you to request your assistance in recovering my money.
We are grateful to you,
Your faithfully
Signature
Name of the Account Holder
A/c No.___________________
Contact:
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account | Type – 10
The Bank Manager
Name of the bank
Address at the bank.
Sub: Wrong money transfers today at 10.30 AM.
Dear Sir/Madam
Riya Sen is a savings bank account holder at your bank with the a/c 32100256456.On 25/12/2020, I made a wrong-money transfer for 100000 Rs (Thousand rupees).
Instead of sending money in the a/c number 123456789 to Mr. Pinku Sen I have sent the money in to 123456780.
Please do the needfull to resolve the issue at the earliest.
Thanks and warm regards,
Riya Sengupta.
Sample Letter to Bank Manager for Wrong Money Transfer to Another Account
The RBI Rules for wrong money transfer to another account:
According to RBI, the remitter/originator is responsible for providing correct inputs in payment instructions, including the beneficiary account number information.Although the beneficiary’s name must be included in the instruction request and sent with the funds transfer message as part of the funds transfer, credit will only be granted if the account number is used.This applies to both transaction requests that are made at branches or those that are sent online/internet.However, the destination bank will use the name field in the message formats as a parameter based on risk perception, post-credit checking, or any other criteria.
Conclusion
In this post, we have written several “Sample Letter to Bank Manager for Wrong Money Transfer to Another Account” and we have showed you a Letter of Request to the Bank Manager regarding Wrong Money Transfers to Other Accounts.This example was created in Hindi and English.Your selection can be made based on your requirements.If you have any questions, please let us know.This website can be used by customers to contact the RBI’s grievance resolution department.
Incorrect transactions can occur when you transfer funds via online banking or by bank staff.In some cases, an incorrect transaction may not be detected.Notify the bank in that case.
We share trending news and latest information on Business, Technology, Entertainment, Politics, Sports, Automobiles, Education, Jobs, Health, Lifestyle, Travel and more. That's our work. We are a team led by Mahammad Sakil Ansari.
