Examples of Misdirected Payment in a sentence
Where we and the sending financial institution determine that an NPP Payment made to your Account is either a Mistaken Payment or a Misdirected Payment, we may, without your consent, and subject to complying with any other applicable Terms and Conditions, deduct from your Account, an amount up to the original amount of the Mistaken Payment or Misdirected Payment.
If the Receiving Bank is unable to recover the funds from the unintended recipient, the account holder will be liable for losses arising from the Mistaken Internet Payment or Misdirected Payment.
It does not include payments made using BPAY or a Misdirected Payment under the NPP Regulations.
The sending institution does not have either a due from depository institution deduction or a cash item in the process of collection.K.2. Misdirected Payment.
Where a user reports a Misdirected Payment, ANZ will investigate whether a Misdirected Payment has occurred.