Wrong Bank Transfers Seems Only To Be Rampant With Fintechs
The speed I use when sending money on my Union Bank app is very different from how I operate OPAY app. With Union Bank, or any other traditional bank, it’s quite rare to send money to the wrong recipient. Even if an account number is similar (which is unlikely), the bank name won’t match, and the transaction usually won’t go through. That’s often when you catch the mistake. No matter how much we criticize traditional banks, cases of people sending money to the wrong account weren’t this common until banks like OPAY became widespread. It’s when you’re unlucky enough to send money to the wrong person on OPAY or Moniepoint that you realize how many dishonest people are out there, people who simply haven’t had the opportunity to take what isn’t theirs until now. Some of the reasons these onyeoshi people refuse to return mistakenly-sent-money: 1. OPAY doesn’t have physical branches like traditional banks. So you cannot really report them. 2. They believe you can’t tra...