How to Reverse Money Transfer on Capitec App
Do you wish to learn how to reverse a money transfer on the Capitec app? If yes, this article is for you. Capitec, South Africa’s largest bank by users, has been growing in leaps and bounds over the past few years. You are here because you recently send money to someone using the Capitec app and you now wish to reverse the transaction. That could be for any number of reasons, some of which we will look at later in this article. So, how to you cancel a transfer on the Capitec app?
How to cancel a transfer on the Capitec app
The following is how to reverse a money transfer on the Capitec app;
- Open the Capitec app on your phone and sign in
- Go to Transact
- Now click on the card for which you wish to cancel the transfer
- You will see a list of all the transfers made from that card
- Click on the transaction that you wish to stop
- Click on Stop
- You will be able to cancel the transaction.
Why reverse a Capitec bank transfer?
That’s how to reverse a money transfer on the Capitec app. In general, the steps are fairly easy. But why would you do this?
Perhaps the transaction for which you were paying did not go through. Maybe you have already paid using another option.
Or maybe you have noticed that you send money to the wrong account by mistake. You could have typed in the wrong account number. In any case, the above steps will help you recover your money.
Summary
In this article, we showed you how to reverse a money transfer on the Capitec app. It was noted that the bank is the biggest in the country when it comes to the number of customers.
It’s not surprising, therefore that millions of transactions happen on the bank’s platforms every day. If you have transferred money, there may be reason for you to reverse the process.
You can do so from the Capitec mobile app using the steps that were outlined in this article. Other options for cancelling include visiting a nearby branch and using online banking.
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