Wouldn't it be very dangerous for the recipient?
Instant Transfer (DuitNow) & Interbank Giro (IBG)
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 Dec 29 2011, 12:15 PM
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#1
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Junior Member
136 posts Joined: Dec 2011 
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It is possible for interbank transaction process to fail midway even with the valid recipient's account holder name and all? Disregarding natural disaster and system failure that is.
Wouldn't it be very dangerous for the recipient? |
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Dec 29 2011, 01:23 PM
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#2
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Junior Member
136 posts Joined: Dec 2011
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QUOTE(MilesAndMore @ Dec 29 2011, 12:54 PM) As long as it says "successful", whatever happens next is not really of your concern already provided you have entered all the correct information. Dangerous as in if somehow the scenario I mentioned just happened, i.e. "interbank transaction process to fail midway even with the valid recipient's account holder name and all". Maybe due to bank error, screwup.By the way, in case there wasn't sufficient fund in your account when you tried to make the transfer, you'll get a message saying your transaction has been rejected or unsuccessful. Dangerous ? Please elaborate further.  I'm asking this to verify the facts, heard some "stories" that despite the sender being having "successful" while doing the interbank transaction, it can somehow bounce the amount back and report an error during process. Wanted to know such thing even happen. Thus dangerous to the recipient's side being unaware the payment went through or failed. |
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Dec 29 2011, 02:16 PM
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#3
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Junior Member
136 posts Joined: Dec 2011
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QUOTE(MilesAndMore @ Dec 29 2011, 01:43 PM) Highly unlikely unless the sender keyed in the wrong information. I do MEPS IBG at least 5 times a month (credit card bills) and have never experienced such issue. I've been using this online MEPS IBG since early last year. Alright thanks a lot. This really place my mind at ease.  |
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