If you are unable to receive your money back due to an error in remittance or account transfer, please use the error remittance return support system. If the recipient refuses to voluntarily return the money at the pre-return stage through a financial company, you can receive support through the erroneous remittance return support system. If the recipient does not voluntarily return the goods, recovery will be made through a court order for payment. We will explain in detail the application conditions, application method, required documents, and procedures for the return support system for erroneous remittance (in case of incorrect bank transfer).
Conditions and method for applying for error remittance return support system
Application conditions: 50,000 won or more ~ 50 million won or less
How to apply: Visit the Korea Deposit Insurance Corporation Customer Center on the 1st floor or apply online
Application documents: transfer confirmation, identification card, consent to provide financial transaction information
You can apply if the money transferred by mistake is between KRW 50,000 and KRW 50 million. You can apply online or visit the Korea Deposit Insurance Corporation Customer Center on the first floor.
Required documents (preparation) for requesting a refund of a remittance in error include a transfer confirmation certificate and related materials, identification card, and consent form for providing financial transaction information. Please note that we cannot support erroneous remittances due to fraud such as personal disputes or voice phishing.
If the recipient uses the money sent by mistake or refuses to return it, he or she may be punished for embezzlement. This also applies to bank deposits, and when money is deposited into a specific deposit account by mistake, a custody relationship is established between the sender and the recipient, and the recipient is obligated to return the money transferred in error to the sender and keep it as is. I have it.
Incorrect remittance-return support system-steps-explanation-photo
Step procedure for error remittance return support system
Details on the application documents for return of erroneous remittance will be continued below. Please refer to the method of filing with the Korea Deposit Insurance Corporation and the required documents to receive refund assistance.
Application documents for return of erroneous remittance
Korea Deposit Insurance Corporation: https://kmrs.kdic.or.kr/ko/cntnts/m-9/web.do
This is an application document for refund of erroneous remittance. If the sender is unable to apply in person, an agent can apply on his/her behalf, so please check the required documents.
Category Application documents for return support for erroneous remittance
ID to verify your identity (resident registration card, driver’s license, passport, etc.)
Application for return support for erroneous remittance
Consent to provide financial transaction information
Materials related to transfer confirmation
(Data that can confirm remittance account information, receiving account information, remittance date and time, and fee)
Power of attorney for notice of bond transfer
Identity card for verification of agent (resident registration card, driver’s license, passport, etc.)
Application for return support for erroneous remittance
Consent form requesting provision of financial transaction information with seal of erroneous remitter
Materials related to transfer confirmation
(Data that can confirm remittance account information, receiving account information, remittance date and time, and fee)
Application for return support for erroneous remittance and power of attorney with the seal of the erroneous remittance person
1 copy of the personal seal certificate of the sender of money by mistake (within the last 3 months as of the date of application for return support)
Procedure for return support system for erroneous remittance
The Korea Deposit Insurance Corporation conducts a review to see if it meets the requirements for return support.
If you are determined to be eligible for return support for erroneous remittances, the Korea Deposit Insurance Corporation verifies the recipient’s information through the Ministry of the Interior and Safety, financial companies, and telecommunication companies.
A transfer notice is sent to the recipient of the erroneous remittance stating that the erroneous remitter and the Korea Deposit Insurance Corporation have entered into a transfer agreement for the unjust enrichment refund claim.
Recommend to the recipient to voluntarily return the product by phone, text, etc.
When the recipient of a mistaken remittance returns the mistakenly remitted amount to the Korea Deposit Insurance Corporation, the cost of voluntary return is deducted from the returned amount and the mistakenly remitted amount is returned.
If the recipient of the erroneous remittance does not return the money
This is what to do if the recipient of a mistaken remittance does not return the money. The Korea Deposit Insurance Corporation may request a payment order from the recipient through the court. If the recipient of the erroneous remittance returns the erroneous remittance amount to the Korea Deposit Insurance Corporation in response to the court’s decision to order payment, the erroneous remittance amount will be returned after deducting the costs incurred in obtaining the payment order.
If the recipient does not return the money within the deadline set by the court, the assets of the recipient of the erroneous remittance will be identified and seized, and the erroneous remittance amount will be recovered.
How to apply in person to the Korea Deposit Insurance Corporation
The Korea Deposit Insurance Corporation Customer Center on the first floor is open from 09:00 to 18:00 on weekdays. Lunch time is from 12:00 to 13:00.
Operating hours: Weekdays 09:00~18:00
Location: 30 Cheonggyecheon-ro, Jung-gu, Seoul
Accidental remittance-Return support application-Deposit Insurance Corporation-Visit application-Process-Steps-Photo
Steps in the process of applying for support for the return of erroneous remittance by visiting the Korea Deposit Insurance Corporation
Good content to watch together
1. How to get back money deposited incorrectly by bank transfer
How to request a refund for mistakenly deposited money by bank transfer
Let’s learn how to get back money that was accidentally transferred to an incorrect account. Occasionally, an awkward situation may arise due to a mistake such as entering the wrong account number. In that case, you can get it back neatly.
lliamlisten.tistory.com
2. How to issue Kakao Bank transfer confirmation and print account opening confirmation
How to easily issue Kakao Bank transfer confirmation and print account opening confirmation
In the case of the internet bank Kakao Bank, unlike regular commercial banks, there is no bankbook, so many people may be curious about how to obtain a transfer confirmation and account opening confirmation. Person-to-person transactions, real estate transactions,
lliamlisten.tistory.com
3. Precautions for money transactions between family members: Parents, siblings, grandparents, couple’s gift tax standards
Precautions for money transactions between family members: Gift tax standards for parents, siblings, grandparents, and couples
Let’s take a look at gift tax and things to keep in mind when transacting money between family members. We provide detailed information on gift tax standards between parents and children, siblings, grandparents, married couples, and relatives. How to free yourself from tax burden
lliamlisten.tistory.com
A man making a bank account transfer
How to resolve incorrect account transfer
When sending money, you should always carefully check the recipient’s name, amount, and account number. If you have made a mistake in remitting money even after checking it carefully, do not give up and get your money back through the Korea Deposit Insurance Corporation’s error remittance return support system. You can get your money back by following the method above and requesting a refund for the erroneous remittance.