Cryptocurrency Q&A
Can a bank reverse an unauthorised transaction?
Can a bank reverse an unauthorised transaction?
LucyStone
Mon Dec 02 2024
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5 answers
1042
I recently found an unauthorized transaction in my bank account. I didn't make this transaction and am wondering if the bank has the ability to reverse it. Can a bank actually reverse an unauthorized transaction?
5 answers
Giuseppe
Wed Dec 04 2024
Within approximately 10 days of being notified, the bank must credit the stolen amount back to the customer's account.
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Raffaele
Wed Dec 04 2024
The reversal of zero liability has a specific timeline that banks must adhere to.
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Nicola
Wed Dec 04 2024
According to the Reserve Bank of India's guidelines, customers are protected in cases of fraud.
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KpopMelody
Wed Dec 04 2024
Once a customer informs their bank of the fraudulent activity, the bank is responsible for taking immediate action.
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Tommaso
Tue Dec 03 2024
This timeline ensures that customers are not left without their funds for an extended period.
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