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How To Reverse A Mistaken Bank Transfer



Have you ever transferred money to a friend or stranger by mistake? Do you ever wonder how to get your money back? In this article, I’ll be showing you how to reverse money sent by mistake. If you’ve ever transferred money to the wrong bank account, this guide will teach you how to get your money back.

About 11% of all bank transfers worldwide performed via ATM and mobile phones are mistaken transferred to another user’s bank account. This means over $14 billion are sent by mistake to the wrong bank account every month.

Mistaken bank transfers can easily leave you in a lifetime of debt if not rectified. Since this mistake maybe from your end the bank may not take it seriously.

What Is a Mistaken Bank Transfer?

A mistaken bank transfer simply happens when a person transfers money to a wrong account. Unlike an unauthorized transaction that occurs when someone uses your bank information to transfer or withdraw funds from your bank account without your knowledge or consent.

A mistake bank transfer is more of an accident that occurs from errors when inputting your payee details. This is one problem that millions of people face worldwide.

Transferring money from one bank account to another involves inputting digital details. But accidents sometimes occur. One wrong number when inputting an account number or even selecting the wrong payee from your contact list can cause a mistaken bank transfer.

This is why you should check every detail closely before sending any funds. So, what do you do when you make a Mistaken Bank transfer?

Causes of Mistaken Bank Transfer

Depending on the transfer method you used, mistaken transactions are quite rare. Transferring money involves inputting a payee’s bank details and amount.

One simple mistake when inputting the digits in an account number or even selecting a similar name is all it takes for a mistaken transaction to happen.

Reasons why mistaken bank transfer occurs

There are a lot of reasons why mistaken bank transfer happens. Sometimes the error is from your end and other times it’s from the bank’s systems. If you feel like you’ve made transferred money to another person by mistake, these are some of the reasons why it happened.


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Human Error

This is the most common reason for a mistaken bank transfer. By simply typing a wrong account number or beneficiary, your money is sent to the wrong bank account.

Technical Errors

Technical errors are caused by an error in the transaction from the bank’s end. This is caused by technical glitches in the bank servers, network errors, or memory overload.

These factors may affect the process of the transaction and cause it to be transferred to the wrong account. But once these problems are noticed, the bank would correct it automatically.

Best Ways Reverse a Wrong Bank Transfer

I know how annoying it is to transfer money to another person by mistake. Transferring money to another person by mistake is not funny in any way.

If you want to reverse a mistaken bank transfer, these are the best ways to do to complete the process.

1. Fallacious transfers

If the account number you credited does not exist, the money will be returned to your account automatically. This is the easiest way to reverse a mistaken bank transfer. You don’t have to go to the bank for anything.

As long as the account number on the receiving end does not exist, your money will be returned to you. This is by far the easiest way to reverse a mistake bank transfer.

2. Known Beneficiary

This is a more advanced way to get you money after you’ve made a transfer by mistake. Here, the fund transferred is not to the intended party but a close relative or friend.

For instance, you want to transfer $36 to your brother, Dave Peters but the money was mistakenly sent to your uncle who also bears Dave Peters. You’ve just transferred money by mistake to your uncle.

If you know the beneficiary, you can easily contact the person, narrate the ordeal, and request a refund immediately. I’m sure he/she would understand and return your money to you.

If the whole thing is taking too long, try to inform your bank or your financial institution as soon as you notice what was wrong and they will help you get your money back.

3. Unknown Beneficiary

This is a more rigorous way of reversing a mistaken bank transfer. Here, the money was not delivered to the intended or a relative but a total stranger. You’ve just sent money to another person across the world.

If it is an active bank account or the beneficiary is unknown to you, you contact your bank immediately using your bank customer care line or mail. Once they receive your complaint, they will investigate the matter and help you get your money back.

You should know that the bank customer service center will require the amount sent, account name, account number, transaction date, transaction time, and transaction ID to investigate your request.

If you can give them enough facts, the bank will freeze the account of the person you sent money to for 48 hours only (2 days). During this time, your bank will have only 20 days to investigate the case, contact the person, and reach out to his bank to take action.

If he agrees that it was a mistaken transaction and make a formal reversal by signing the required documents that will authorize the bank to reverse the transaction and refund your money, then you get back your money.

He can also solve the problem by sending you your money, so his account will be unblocked. If he refuses to return your money, you’ll have to take legal actions.

If the unintended beneficiary claims that the money in his account is his and not yours and there is no mistake involved. The best course of action is to take legal action or take him to the police.

You’ll need your ID card, bank statement, address, transaction messages, transaction ID, and testimony of your intended beneficiary as proof. It is important to keep a record of your complaints.

Banks are also required by law to have a copy of the written complaints process. Once you file a case with all this evidence the thief that wants to steal your money will stand no chance.

When you win, the thief will be fined for theft. When you provide a copy of your court order or indemnity form to the bank, the transaction would be reversed and your account will be refunded.

You should know that the bank cannot return your money if the person you mistaken transfer to does not agree to it.

That means that if the thief claims that the money in his account is his and not yours and there is no mistake involved in the transfer, the bank cannot give you your money.

No funds can be moved without the consent of the recipient and you won’t get your money back. Intra-bank transactions may be complicated but follow similar procedures.

How to Avoid a Mistaken Bank Transfer

Like I said earlier, transferring money to someone by mistake is a very painful mistake. It is super easy to avoid transferring money to people by mistake. Just in case you don’t know, these are the best ways to avoid transferring your money by mistake.

1. Double-Check

Prevention is better than cure. Double-check the account number before making the transaction. No law requires the bank to verify all the details for you.

You can also transfer in bits, after the intended recipient confirms the transaction, transfer the rest after he receives the first alert.

2. Use an e-payment code

It protects you every time you make an electronic payment. These are the easiest ways to avoid and reverse a mistaken bank transfer. Whenever you want to make a transfer, make sure that you have an e-payment code activated on your end.

3. Use your bank app

Bank apps allow you to confirm the transaction details before actually making any transaction. If you feel like your not comfortable using USSD codes to make transactions, then use your bank app to make the whole ordeal much easier.

If you’ve ever made any transfer by mistake, get the bank involved immediately and reply to the bank messages as quickly as possible. Try to follow up on the situation daily.

Request for updates and learn how the matter is being handled. Don’t rely on what you’re told, because it’s your hard-earned cash that is at stake. Follow up the matter vigorously.

If your calls are not taken seriously, head to the bank immediately, see the branch manager or mail the problem in detail to their head office for better communication.

Source: InformationNGR

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How To

How To Convert Airtime Credit To Cash In Nigeria




In this post, you will learn how to use Aimtoget Convert Airtime To Cash, How to convert use Airtime To Cash Apps, How To Convert Mtn Airtime To Cash In Nigeria, How to Convert Recharge Card To Money, How to Convert Airtel Airtime To Cash In Nigeria, How To Change Glo Airtime To Cash, and How to Perform an Airtime Flip.

It is nice to get airtime on your phone, but sometimes it pays to change that extra cash. Do you know that you can easily turn that airtime to cash sent to your Bank amount?

You know that feeling when you want to recharge N1,000 and you were debited N10,000 because you mistakenly added an extra “0”. You can now convert this airtime to cash paid back to your bank account.

How to Convert Any Network Recharge Card to Cash in Nigeria.

Converting airtime to cash in Nigeria is very easy, it works on all networks (MTN, Glo, Airtel, 9mobile), allows mobile top-up from any supported country, fast and reliable payment options, good exchange rates and is trusted and reliable. So, you have nothing to fear, it works.

If you have sufficient airtime, mistakenly over recharged airtime from a bank account, received airtime from family and friends as a gift or won free airtime online or airtime giveaways/surveys. No worries, you can now easily convert your airtime to cash and receive cash in Naira payment in your bank account in Nigeria or other payment options worldwide.

Websites that can Convert Airtime to Cash

You can easily change your extra cash to airtime using sites like;

  • Airtime2Cash
  • Cheetahpay
  • AimtoGet
  • Zoranga

How To Convert Airtime To Cash in Nigeria On Zoranga

Zoranga is one of the best places to turn your airtime to cash in Nigeria. It is one of the most popular airtime to cash online platform. Once you create an account with Zoranga, you can easily turn your airtime to cash.

Once you create an account with them, you can change your airtime to cash transferred directly to your bank account. You are charged a service charge of 22% to 32% deposit fee. The layout of Zoranga is simple and easy to use.

How to cash to airtime on Zoranga

You have to

  • Go to
  • Click on Deposit money
  • Choose network
  • Enter the phone number and Airtime amount and bank information

Zoranga will send a confirmation message and your bank account will be credited. On Zoranga, can request withdrawal anytime and your airtime is transferred to your bank account whenever you request a payout.

You can deposit cash on Zoranga with Zorapin, Ego, MTN Share n’Sell, Airtime PIN and airtime transfer. They charge 30% for every successful transfer.

How to Convert Airtime to Cash in Nigeria On Cheetahpay

Cheetahpay is another platform that you can use to change your airtime to real cash paid to your bank account. Cheetahpay allows you to get paid by converting airtime to cash on their site. Airtime Transfer and Recharge card Pin of MTN, Glo, and 9mobile are used to fund your account.

You don’t need to create an account with cheetah pay to turn airtime to cash, you can simply go there enter your details and get paid. It has a quick cash option that allows you to quickly turn airtime on any network to cash transferred to any of your bank accounts for free, charging you only 20% service charge.

How To Convert Airtime to money on Cheetahpay

You simply have to

  • Go to and enter all required details

How to Convert Airtime to Cash in Nigeria Using AimtoGet

AimtoGet is another online platform that can convert airtime to cash in Nigeria. The headquarters of this platform is located at Ogun State, Nigeria and overs a wide range of payment options like Airtime swap, pay with airtime, AimtoGet E-Card, SMS adverts, E-wallet service and are easy to use.

The major deposit method used to fund your Aimtoget Account is an Aimtoget E-Voucher. An Aimtoget E-Voucher is sold exclusively by their officials. This voucher allows you to purchase the pin from them and deposit in your account.

AimtoGet also accepts the recharge card and airtime transfer deposit method. and AimtoGet also charges 30% for every successful transfer.

To convert Airtime to real money on AimtoGet, You need

  • Create an account on AimtoGet and Login
  • Go to fund Wallet
  • Select mobile network, phone number and airtime amount
  • Check if the transaction was successful
  • If yes, Withdraw the cash straight to your bank account

How to Convert Recharge Card to Cash On Airtime2cash

Airtime2Cash is another wonderful platform where you can easily perform airtime to cash exchange transactions. On Airtime2cash, you can buy/sell airtime to other people in need of cheap airtime at an agreed rate.

Every transaction done on Airtime2cash is protected by Escrow. using a safe and secure system, All transactions carried out is scam-free and quality assured.

You just have to join the group to start buying and selling airtime at your own preferred rate. You can also use this site to convert airtime to cash regardless of the country or location.

You can convert your airtime recharge from U.S.A and get the payment sent to your Western Union, PayPal or Skrill account or any preferred payment method.

How To Convert Airtime to money on Airtime2cash

You simply have to
Join Airtime2cash
Place an order (Buy/Sell)
Negotiate with an interested party then sell/buy and get paid

Airtime Payment Options

You can easily turn your extra airtime credit to money in any form including:

  • Funds transferred to Your Bank Account
  • If you over recharge, Your airtime balance can easily be converted to international mobile recharge & mobile top-up (India, USA, UK, etc)
  • Bitcoin
  • PayPal
  • Skrill

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How To

How To Get Your Taxpayer Identification Number (TIN) In Nigeria




In this article, I will be unveiling the best way to get you The Taxpayer Identification Number (TIN) in Nigeria, How to verify your Taxpayer Identification Number (TIN) in Nigeria, tax identification number online application form, and FIRS Nigeria.

What is Taxpayer Identification Number (TIN)?

The Taxpayer Identification Number mostly called “TIN” is a document issued to identify a person whether individual or Company as a registered taxpayer in Nigeria. TIN contains a set of digits given to a company or an individual for tax payment.

The Taxpayer Identification Number is issued to individuals or businesses that are registered or incorporated as companies by the NFIRS for identification and verification.

Importance of Taxpayer Identification Number (TIN)

Having a Taxpayer Identification Number (TIN) in Nigeria is important for both citizens & companies, it is an essential part of an entity recognition assigned by law to all taxpayers and is used to

  • Identify a business, company or individual as a registered taxpayer.
  • Open a business bank account in Nigeria.
  • Apply for government
  • Necessary for international trade
  • Apply for importing and/or exporting license.
  • Register a vehicle, car, truck, bike or lorry.
  • Apply for a certificate of occupancy.
  • Obtain tax clearance certificate.
  • Obtain tax incentives, wavers, and allowances.

How to Register for Taxpayer Identification Number (TIN) in Nigeria

Registration for tax purposes is a legal obligation of every person who is required to pay tax in Nigeria. A Taxpayer identification number is free of charge. To apply your TIN in Nigeria is very very easy, you can easily complete the application process on your own. Simply visit an NFIRS office and request a TIN application form, fill in the required details and submit to the FIRC officer for processing.

How To Apply For Taxpayer Identification Number (TIN) AS A BUSINESS 

If you want to apply for Taxpayer Identification Number (TIN) as a business, you need to register for TIN using a VAT registration system. As soon as you receive your TIN, you need to attach all official documents, business equipment, and invoices and submit them to the FIRS for examination. In summary, you need to:

  • Complete the TIN application form.
  • Provide your business identification such as business name, business registration number, registration certificate or certificate of I, business address and commencement’s date and other information required in the form.

How To Apply For Taxpayer Identification Number (TIN) AS AN INDIVIDUAL

If you want to apply for Taxpayer Identification Number (TIN) as an individual, you’ll have to come with original and photocopied identification documents such as driver’s license, birth certificate, international passport, national ID card, or a permanent voter’s card. This document is to be taken to the nearest Inland Revenue Office, where you will also complete and submit the TIN application form. In summary, you need to:

  • Complete the Application form
  • Provide original and photocopied Identification document
  • Provide your address, phone number, and other required information.

Taxpayer Identification Number (TIN) Processing Time

Processing time used to process your details is about 10 business days or 2 weeks from the day you submitted your application for processing to the day you get your Taxpayer Identification Number (TIN). The process varies from people who applied to the number of applicants, location or system. Sometimes processing TIN can take for 1-2 months. But you will be notified once it is completed.

How To Verify Taxpayer Identification Number (TIN) in Nigeria

You can verify your Taxpayer Number in Nigeria using three ways. They are:

How To TIN verify using the TIN search option

  • Pick the Taxpayer Identification Number line
  • Enter your newly-issued number
  • Click the search bar and you’ll get a confirmation message

How To TIN verify using the CAC search option

  • Select the CAC Registration Number line
  • Enter your Corporate Affairs number and the two-letter code
  • Click the search bar and you’ll get a confirmation message

How To TIN verify using the Phone Number option

  • Pick the Registered Phone Number line
  • Enter your TINregisted phone number
  • Click the search bar and you’ll get a confirmation message

You can use this guide to apply and validate your Tax Identification Number (TIN) in Nigeria.

How to Replace Lost TIN in Nigeria

If you lose your Taxpayer Identification Number you will need to get a replacement certificate. You must:

  • Go to your Domestic Tax Regional Division office and report your certificate stolen.
  • Email the FISC Head Office at ​
  • WhatsApp 09072111111 or 09074444441

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How To Start A Profitable Watermelon Business In Nigeria




In this article, I will be teaching you, How to start a watermelon business in Nigeria from farm to market. You’ll also get to see profit in watermelon farming per acre in Nigeria, the price of watermelon in Nigeria, how to start growing watermelons commercially in Nigeria, and watermelon yield per hectare in Nigeria.

Agriculture is now becoming a major source of income nationwide. Although watermelon is not a staple crop, it still has a lot of demand in and out of Nigeria. Watermelon is a plant of the genus Citrullus, a variety of melon. This fruit has a green rind and watery flesh that is bright red when ripe and contains black pips.

I like the idea of venturing into the watermelon farm because planting to harvesting takes approximately 90days (3 months), so you can plant and harvest up to 4 times in a year. China is currently the world’s largest producer of watermelon.

This is a favorable business and can serve as a passive income idea that will generate residual profit for life. That is just the beginning, starting a watermelon farm in Nigeria is cheaper, most farmers start it up with less than ₦50,000 (expect the land).

A watermelon farm is very profitable and has a very high turn over, up to ₦400,000 can be made in 3 months on a plot of land (₦1.6m yearly), resistant to disease and can adapt to various climate changes. So, as you can see, it has little and requires no work at all. And it has an income

So now that I’ve got your attention, let us get down to it. Here is a rundown on,

How To Start Watermelon Business In Nigeria From Farm To Market

  1. Pre-planting procedures For Watermelon

These involve all activities carried out before the seed gets into the ground. And they include

  1. Seed Selection

This is one of the most important actions when it comes to starting up a watermelon farm in Nigeria. There are a series of seeds you can choose from Depending on the variation, watermelon species, and taste. These seeds/breeds vary in shape, color, size, taste, and texture. The most common sorts include:
1. Sugar Baby –

This is the most common of them all. The sugar baby usually weighs at 4 kg, with a duration of 75 days and has the usually sweet red flesh.

  1. Crimson Sweet –

is another breed of watermelon. A mature fruit usually weighs 11 kg and usually takes 85 days to mature. It also has the usual sweet red flesh.

  1. Charleston Gray –

is another breed/species of watermelon that weighs 14 kg when mature and also takes around 85 days to mature. With the usual sweet red flesh.

  1. Orangeglo Golden Midget –

is one of the biggest species of watermelon. It weighs 18 kg and takes about 90 days to mature. It is very sweet and crispy and has bright orange flesh and white seeds.

  1. Jubilee –

This is another amazing breed of watermelon. It weighs 18 kg when matured and takes at most 95 days and has the usual sweet red flesh inside. Other recognized species are

  1. Green gold
    7. Icebox
    8. Kaplan
    9. Sweet beauty
    10. Sangria
  2. Site Selection

After seed selection, site selection is another important factor to consider is the site. There are 36 states in Nigeria and abundant land. When you get your land examine the weather, topography, soil type, survey the area for security, labor, market, etc. Once you’ve done this, you move one to your business plan.

  1. Business plan

Failing to plan is planning to fail. That is why most farmers make losses instead of gains. You should draw a business plan. This will also help you get assistance and sponsorship. Your business plan should include your budget, expenses, expenditure, potential income, and possible partners.

  1. Land preparation

The last step before you plant your first seed land preparation. This step determines your crop yield and it includes weeding and stumping, application of manure and fertilizers, plowing, harrowing, and ridging. Once this is done, you’ll have a smooth planting.

  1. Planting Procedures For Watermelon

These involve all activities carried out after immediately after land preparation and all activities that occur before the fruit is harvested. They include

  1. Planting Watermelon

Watermelon is crawlers and produces a lot of vine during growth, so they require a lot of space. Place a seed an inch into the soil and take two steps forward and place the next seed.

  1. Watering

It is important to water the plants with sufficient twice a week. So the growing plants can have ample space to yield 100%

  1. Weeding and Pest Control

You can use either herbicides or the manual hand picking method for the weeds. And for the insects and other pests, the application of pesticide is not advice. So, you should introduce their natural predators.

  1. Harvesting Procedures For Watermelon

These are all the activities that happen after the watermelon seeds have ripened and are ready to be harvested. They include

  1. Harvesting

Like I said earlier, there are different species but watermelon reaches maturity between 75-90 days.
The dull sound, the base of the water turns from green to a dull yellowish color, and the stem losses its moisture and spiral. These signs proofed that the fruit is ready for harvest.

Before harvesting your fruit, make sure you take some to market and stores and give out free samples if need be to create demand for it.

  1. Storage

Watermelon can be preserved for up to 2 months without going stale if the optimal temperature is between 11°C and 15°C, 85 to 95% optimal humidity 85 to 95%, aren’t exposed to direct sunlight after harvest and piled with other fruits and/or vegetables.

  1. Marketing

You can sell you watermelons as a wholesaler to fruit stands, grocery stores, supermarkets, restaurants, hotels, pharmaceutical companies, or individuals and even export it to other countries.

Let’s take a look at the expenses and profits.

Expenses and Profits Of Watermelon Farming Business In Nigeria

Expenses on a  plot of land

  • 500 grams of imported hybrid seeds – ₦5,300
  • Labor cost for planting and harvesting – ₦5,000
  • Labor cost for weeding and manure applications – ₦5,000
  • 50kg of Organic Manure – ₦3,500
  • Foliar fertilizer – ₦5,200
  • Transportation – ₦3,000
  • Miscellaneous – ₦10,000

It all sums up to ₦38,000 as the estimated/probable expenditure to run this program.


A plot of land can grow up to 1,596 melons.
The average price of a watermelon is ₦250 (Wholesale price)
1,569 X 250 = ₦392,250
Profit = ₦392,250 – ₦45,000

This nets you a profit of ₦347,250 every 3 months and ₦1.4m annually. In case you don’t know, The price for watermelons for export is twice higher. Take a moment to do the maths.
# you can learn how to export your commodity outside Nigeria by clicking here.

By now you should be able to start a watermelon business in Nigeria from farm to market and awaken the entrepreneur in you. I’m sure I have covered every step and procedure on how to start a watermelon business in Nigeria from Farm to Market. In case I missed any or you would like to share your knowledge, do tell in the comment section below.

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