What is the Law on Mistakes in Transferring Money in Your Country?

[Suba]

Mistakes when transferring money from a bank are not only made by ordinary people, famous people like Elon Musk are also reported to have made a mistake in transferring money when Musk was going to transfer money to a Brazilian court.

In my country, if someone receives a wrong transfer from someone, they must return it to the sender or contact the sending bank office. If not, they will be caught in criminal law with the threat of imprisonment. As far as I remember, the law on mistransfers also applies in Australia, how about in your country?

 

[eLdavis]

Over here the recipient has to agree fo a reversal before you can get your money back, which means if the wrong recipient refuses to send the money back, you can't do anything cause the bank does not have the right to debit the wrong recipient, unless in a situation where the order has been given out by the court of law, then the bank can take action.

 

[Min George]

In my country, any money that enters a bank account of a person depends on the prerogative of the account holder to return it or not.