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What Happen if I Add Correct Account Number and Wrong Beneficiary Name?

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Banking
0 2023-11-10T19:56:03+00:00
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Let me tell you

what happens if the beneficiary name is wrong

. In some cases, the funds are credited to the intended recipient's account even if the beneficiary's name is wrong. The bank can also hold the transaction, if the beneficiary name does not match the account details or the transaction may get rejected, if the bank has strict verification procedures.

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Mahi Tiwari

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