Internet banking - transfering money.

dal · 13 Mar 2013 at 11:56

Hello GD, Im just wondering if you have a large amount of money to send via internet banking do you send a small amount first to ensure it has gone to the correct person/company ( wait for confirmation ) or do you just send ther whole lot in one go.
I have been internet banking for many years, Im quite comfortable with it and I have never had any problems but when it comes to sending large amounts I am paranoid about it.

teenwolf · 13 Mar 2013 at 11:58

if your worried then yes just try a small tester first.

mattyg · 13 Mar 2013 at 12:02

^this if your worried or haven't sent them money in the past. Just in case the account number is incorrectly inputted

DaleTheWhale · 13 Mar 2013 at 12:16

"Hi Sir/Madam,

I am King Mali Coukae, I have a substancial amount of tax free money in my african account... if you could send me your bank account details"

/Seriously

I normally just send the full amount, or as advised, send a small amount or do it in parts.

Linkex · 13 Mar 2013 at 14:34

As I understand it, if you **** up and send it to the wrong account, you may not actually be entitled to it back (Someone feel free to correct me if that's wrong). If its a large amount, I would do a small transfer first.

mattyg · 13 Mar 2013 at 14:58

Linkex said:
As I understand it, if you **** up and send it to the wrong account, you may not actually be entitled to it back (Someone feel free to correct me if that's wrong). If its a large amount, I would do a small transfer first.

No its wrong. But I believe getting it back is long winded so best to do it correct first time.

Its your money still. If the other person keeps it its theft. Same as finding money on the street, its not yours to keep you should hand it in.

Rainmaker · 13 Mar 2013 at 16:02

mattyg said:
No its wrong. But I believe getting it back is long winded so best to do it correct first time.

Its your money still. If the other person keeps it its theft. Same as finding money on the street, its not yours to keep you should hand it in.

Unfortunately this is true.

I logged into my internet banking about 10 years ago and discovered a large transport company had deposited around 100k into my account. Unfortunately it was reversed within 24 hours haha

gillywibble · 13 Mar 2013 at 16:55

As long as you've double/triple checked the details, I don't see a problem with just sending the money.

hawkhench · 13 Mar 2013 at 17:29

I usually just do it, but triple check what they've given me before hitting send and then hope they're as thorough as me. Bound to backfire at some point

arknor · 13 Mar 2013 at 19:36

hawkhench said:
I usually just do it, but triple check what they've given me before hitting send and then hope they're as thorough as me. Bound to backfire at some point

same.

if its for a company most of them are already their on the search thing though just triple check your reference number