Today, we will learn how to request a refund in case of mistake. These days, you can easily transfer money through mobile devices such as Toss or Kakao, so sometimes you may accidentally enter the wrong account number and end up transferring money to another location.
Let’s find out how to get it back in such cases. The Korea Deposit Insurance Corporation accepts the return support system for erroneous remittances. You can contact the head office consultation center at 1588-0037 and apply in person, or apply online.
Request for refund of erroneous remittance
A remittance by mistake refers to accidentally sending money to an account number other than the one you originally intended to send it to.
Withdrawal bank
In case of remittance by mistake, contact customer service immediately to request a refund. The information required when applying is as follows.
remitter name
remittance amount
recipient name
Recipient account number
Receiving bank
Receiving bank requests refund from recipient
If you agree, you can get your money back when the return request documents arrive.
Error remittance return support system
In the past, getting a refund in case of a remittance by mistake was quite complicated, such as filing a lawsuit if the depositor who sent the money in error did not remit the money. However, the Korea Deposit Insurance Corporation is currently implementing a support system for returning erroneous remittances.
You can receive a refund by requesting a refund of erroneous remittance from the Korea Deposit Insurance Corporation. If you need to request a refund due to a remittance in error, please use this service.
Return support eligibility review
The return support system begins with a return process once it is approved after qualification screening. The application conditions are as follows:
Application date is within 1 year from the date of remittance
If you applied for a refund through a bank or securities company, but the refund was not received
Remittance amount: 50,000 won or more, 10 million won or less
Not possible if the recipient is not in the country or is dead.
Return support procedure
Return support application documents
You can also apply through a representative, but there are required documents, so please check before visiting.
Category Documents for application for return of erroneous remittance Application documents for identification (resident registration card, driver’s license, passport, etc.) Application for support for return of erroneous remittance Consent to provide financial transaction information Transfer confirmation certificate Related materials
(Data that can confirm remittance account information, receiving account information, remittance date and time, and fee) Notification of transfer of receivables Power of attorney Identification for identification of agent (resident registration card, driver’s license, passport, etc.) Application for support for return of erroneous remittance Provision of financial transaction information with the seal of the erroneous remitter Materials related to requested consent and transfer confirmation
(Data that can confirm remittance account information, receiving account information, remittance date and time, and fee) An application for return support for erroneous remittance with the erroneous remittance person’s seal and one copy of the erroneous remittance person’s seal certificate (within the last 3 months as of the date of application for return support)
Download application form
Wrong remittance-return-application download
finish
Today we learned about how to return money in case of error. If you make a remittance mistake, you will have to go through cumbersome processes to get the money back, so if you are using an account you send money to occasionally rather than frequently, or if you need to make a remittance for the first time, please check before sending the money.
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