{"id":28965,"date":"2022-09-11T21:31:18","date_gmt":"2022-09-11T21:31:18","guid":{"rendered":"https:\/\/handlewife.com\/?p=28965"},"modified":"2024-01-02T12:19:11","modified_gmt":"2024-01-02T12:19:11","slug":"reverse-eft-payment","status":"publish","type":"post","link":"https:\/\/handlewife.com\/reverse-eft-payment\/","title":{"rendered":"How to reverse EFT payment (Complete Guide 2024)?"},"content":{"rendered":"\n

EFT is an electronic fund transfer payment option. With just a click a person can transfer money from one account to another. There are numerous types of transactions that are covered in EFT such as direct transfer, ATM transaction, instant transaction, and vendor transaction. With Instant EFT a person can transfer the amount in just a few seconds. This has made the complete process of transfer easier. <\/p>\n\n\n\n

Is it possible to reverse an EFT payment?<\/h2>\n\n\n\n

In case a person has done a wrong payment then it is possible to reverse an EFT payment. This is a simple and uncomplicated procedure. However, there are limits on the number of days when a person can stop the transaction. There are a few bank app that is mentioned below and also a complete procedure that can be followed to reverse the EFT payment. <\/p>\n\n\n\n

How to reverse EFT payment?<\/h2>\n\n\n\n

An individual can reverse an EFT payment by calling the customer assistance number of the bank or can also visit the bank personally from whom the transaction has been made. If this is a fraudulent payment or a payment that is made to the wrong person then it is important that a request for the same is made within 24 hours. Generally, a bank makes a refund of the payment in 7 to 40 days depending on the bank. Every bank has there own app, a person can visit there and cancel the EFT payment. A few banks have been given below.<\/p>\n\n\n\n

On capitec app<\/strong><\/h3>\n\n\n\n

This is a quick and easy option to reverse the payment on the Capitec app. So, let us see the steps:<\/p>\n\n\n\n