Who Bears the Loss When Payment is Made into the Incorrect Bank Account?
13 July 2026, Antony Arvan
A problem that we are regularly contacted about
or hear about relates to payments made by parties into the incorrect... bank
account. The most common scenario is that a consumer/ purchaser receives an
email attached to an invoice from a supplier/ seller for payment little knowing
that the email has been sent by a hacker posing as the supplier/ creditor.
Payment is then made by the consumer/ purchaser in good faith into that account
reflected on the invoice.