// definition
Credit transfer recall
Request to return an executed credit transfer
Short definition
A request by the payer’s payment service provider seeking the return of an executed credit transfer. For transfers within the Single Euro Payments Area (SEPA), recovery depends on available funds, applicable law and, in some cases, the beneficiary’s authorisation.
risk atlas
Knowledge map
Related analyses
- Arkéa: freezing, tracing and recovering fundsThe banking and judicial stages of returning funds after fraud.
Primary sources
- European Payments Council, SCT 2025 v1.2Effective September 30, 2026, §4.3.2.3: a fraud recall may be sent within 13 months following execution; a positive or negative response is due within 15 Banking Business Days after receipt. Recovery remains conditional.
- European Payments Council, SCT Inst 2025 v1.2Effective September 30, 2026, §4.3.2.2: the same deadlines apply to fraud recalls and responses. The response deadline concerns processing the request, with either a positive or negative outcome.