Hi Sidd,

A few weeks ago someone accidentally sent me $29,000 extra (by Internet 
transfer)! Oh how I wished I was really entitled to that money! What did I 
do? After a few minutes of torment I e-mailed the sender and let him know. 
Then I contacted the bank. There was no way even for me to reverse the 
(excess part of the) transaction. I had to transfer it back independently.

:o

Regards,

Ian Green

At 09:38 PM 20/09/2002 +0000, Sidd wrote:
>JP,
>
>: bpay and internet banking are all reversible though, just like any
>: bank transaction
>
>This is incorrect for internet banking... not sure about BPay. 3 times since
>providing exchange services I have had situations... once I paid the wrong
>person, and twice I had fraudulent payments made to me via internet banking...
>in Aus and NZ.


>On none of these occasions was there any suggestion of reversing the payments
>without the payee's consent. In fact I still have the 2 fraudulent payments
>because I had already paid the gold... the bank took the rap.


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