Fee for cancelling, returning or changing a transfer with incorrect or incomplete data
This fee reimburses the bank for the service it provides to the person ordering the transfer, carrying out the necessary steps to resolve the incident and thus be able to process the transfer. It is usually a fixed amount.
What requirements must be met in order to charge this fee?
- The fees charged by banks are unrestricted, except in cases where they are limited by law. This fee has no legal limit.
- In order for the bank to be able to charge this fee, you must be previously informed of its conditions and you must expressly or tacitly accept them.
Find out more about unauthorised or incorrectly executed transfers