Can i reverse a payment from my bank fnb?

With FNB you have the power to reverse and/or stop unauthorised debit orders any time, anywhere using the Banking App, Online Banking and Cellphone Banking.

It’s not possible to reverse an FNB EFT payment using your FNB online banking portal or your FNB app. The only way to reverse an eft payment is by filling out the FNB payment reversal request and emailing it to [email protected].

How to reverse payment on FNB

1. You will have to download and complete a Payment Reversal Request Form.
2. If your request for a withdrawal is from a Business Account, you have to sign the Waiver and Indemnity Form based on the Company Mandate which you will need to attach a copy of to your request.

Reversals will be attempted Within 10 working days Of us receiving this form (where the recipient’s bank is a smaller bank such as Ithala Bank and Citibank). Feedback regarding the outcome of the reversal will be given after 5 or 10 working days as per points 5 and 6 above.

You have an opportunity to check the details before the payment is released. Once details have been confirmed, The payment cannot be stopped, reversed, recalled or canceled. Why can I not make an Immediate Payment to a Standard Bank account?

How Long Does a Transaction Reversal Take? A transaction reversal takes 1-3 days, depending on the issuing bank.

– Immediately contact your bank and your local bank manager and inform them of every detail of the wrong transaction initiated by you- time, account and the intended account of the beneficiary. -The bank will guide you as a facilitator and provide the details of the branch of the bank where the money went.

Speak to your bank

The first thing to do is Get in touch with your bank to tell them what’s happened. Make sure you have all your details (including details of the transaction) handy. Your bank should act within 2 working days to contact the bank that has received the money and request the money be returned.

You have the power to reverse and/or stop unauthorised debit orders for amounts of R200 or less Anytime, anywhere via the FNB Banking App, Cellphone Banking or Online Banking. You will receive immediate reversal on an unauthorised debit order if you dispute it within 40 days of the transaction.

Normally, you cannot stop an EFT payment after you initiate it. The EFTA does not give you the right to do so. If you need to stop a payment or have your money refunded, that is between you and the person you paid. However, you might be able to stop scheduled, recurring EFT payments (e.g., scheduled utility EFTs).

STEP 1: Login to Online Banking using your username and password. STEP 2: Select the My Bank Accounts tab. STEP 3; Select the account that was used to make the payment. STEP 4: Select Stop Cheque in the turquoise dashboard.

Once a payment has been sent, It isn’t possible to reverse it. So if you think you’ve made a mistake let your bank know straightaway. Likewise, if you’ve received money into your account that you think may have been sent to you in error, make sure you notify your bank straightaway.

If money is incorrectly transferred into your account, You should notify your bank. Your bank will then try to return the money to the sender. You should not spend or withdraw the money transferred into your account by mistake because it is not legally yours and you have to pay it back.

STEP 1: Login to Online Banking using your username and password. STEP 2: Select the My Bank Accounts tab. STEP 3; Select the account that was used to make the payment. STEP 4: Select Stop Cheque in the turquoise dashboard.