Can I Cancel or Reverse an IBG Transfer?
Generally, once an IBG transfer is processed, it cannot be canceled or reversed because funds are transferred securely and quickly between banks. If you realize an error immediately after submission (e.g., wrong account number), contact your bank immediately. The bank may attempt to recover the funds, but success depends on the recipient’s cooperation and bank policies. To avoid errors, always verify beneficiary details before confirming transactions.
💡 Tip: Always double-check the recipient’s name and account number before submitting an IBG transfer. Mistakes may not be recoverable once the transaction is processed.