Will the transfer fees be refunded if the money is returned? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Will the transfer fees be refunded if the money is returned?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Not necessarily.

If the transfer is returned, there may be processing fees or intermediary bank charges that have already been incurred.

Ask your bank for a statement of the reason for the return, the net amount, and any fees before resending the transfer.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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