“Oops, congratulatory money wasn’t in this account” Mistransfers are most common in 30s and 40s

Error remittance refund payment structure. [자료 제공 = 금융위원회]

Person A in her 40s later found out that she was trying to send 200,000 won for her nephew’s wedding to the wrong person’s account through internet banking. At the moment, I was at a loss as to what to do.

For the #IPO subscription, Mr. B deposited 300,000 won each as a subscription margin into several accounts at his brokerage that had not been traded in recent years. However, I remembered the account number incorrectly and transferred one case to another person’s account.

The Korea Deposit Insurance Corporation (hereinfollowing referred to as ‘Forecast’) accepts erroneous remittances between 50,000 won and 10 million won, which occurred following July 6 of last year, only in cases where a voluntary return is refused. It is a system to support remittance by mistake, and if you know it well, you can use it appropriately in case of remittance by mistake.

An error remittance is a transaction in which an individual mistakenly entered the beneficiary financial company and the beneficiary account number by mistake.

The amount of error remittances that occurred in regarding 5 years before the implementation of the erroneous remittance return support system (2017-June 2021) amounted to 12.9 billion won, or 55,506 cases, of which 9.533.19 million won (74%), 42316 cases. (76%) failed to return to their owners.

50,000 won or more and 10 million won or less

Headquarters of Deposit Insurance Corporation in Jung-gu, Seoul. [사진 제공 = 연합뉴스]

If an error remittance occurs, you must first request a voluntary return through the financial company, and only in the case of non-return, you can apply for support for refund by mistake in the forecast.

If you do not go through this procedure, you must first request a voluntary return through a financial company because even if you apply for support for refund by mistake in the forecast, you will not be eligible for the refund.

If you have gone through this procedure, you can receive a refund within 1 to 2 months by submitting an application for erroneous remittance refund support in Forecast for remittances made following July 6 of last year.

The target of the error remittance refund support is between 50,000 won and 10 million won, and you can apply for the error remittance refund support in the forecast within one year from the date of the error remittance.

The reason for this limit on the amount is because the financial authorities judged that the cost of collection is higher for less than 50,000 won, and the individual can afford to hire a lawyer and return it for an error remittance of more than 10 million won.

For the refund amount by mistake, the remaining balance is returned following deducting the cost of postal guidance, payment order-related stamps, service costs, and forecast collection costs such as labor costs.

Forecast received a total of 6,101 (8.8 billion won) support applications from wrong remittance senders by January this year following the implementation of the refund support system for erroneous remittances following July 6, last year. returned to the sender. Of the 1705 returned cases, 1,661 cases were voluntary returns, while the remaining 44 cases were rejected by the recipient despite the forecast, and returned through the court’s payment order procedure.

The average payment rate in case of error remittance refund is 96.0% (if it is 1 million won, 960,000 won is returned following excluding fees), and the average period from the application date was 42 days. Self-return took an average of 40 days, and return through payment order took an average of 107 days.

Voice phishing damage error remittance refund support excluded

Status of applicants for erroneous remittance refund support by age. [자료 제공 = 예금보험공사]

Misrepresented remittance refund support is not subject to application in cases of voice phishing (telephone financial fraud) damage, but there are a number of cases where such damage is judged to be a remittance error, and applications for error remittance return support are occurring in the forecast.

In fact, following the implementation of the erroneous remittance return support system, applications for erroneous remittance refund support for accounts using crimes such as voice phishing, which were excluded from the target, accounted for 23.8% of the total non-targeted 2,889 cases. Next, the remitter’s withdrawal of application was followed by 20.1%, legally restricted accounts such as seizure 11.2%, and non-fulfillment of the financial company’s prior self-return procedure at 10.8%.

An official from Forecast said, “Accounts using crimes such as voice phishing are not eligible for error remittance refund support, but there are quite a few cases where they know they are eligible for support.”

According to the forecast, if the account to be remitted by mistake is used for crimes such as voice phishing, if there is compulsory execution such as seizure, if the sender by mistake does not apply for self-return to the remittance financial company, if the recipient dies or goes bankrupt Cases in progress, etc., are not eligible for refund support for erroneous remittance.

In the case of voice phishing, it must be resolved through the Financial Supervisory Service or a financial company in accordance with the ‘Special Act on the Prevention of Damages from Telecommunication Financial Fraud and Refund of Damages’.

Meanwhile, as of the end of last year, Forecast analyzed the status of applicants for error remittance refund support by age. As a result of the total 4945 applications, those in their 30s accounted for 23.8%, followed by those in their 40s with 22.9%, and those in their 30s and 40s accounted for 50 % was approaching. In addition, 0.8% of those in their 20s, 17.1% in their 20s, 21.1% in their 50s, 11.4% in their 60s, and 2.9% in their 70s or older.

An official from the forecaster explained, “This result was found because there were mainly financial transactions in the 30s and 40s.”

[전종헌 매경닷컴 기자]
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