Are there charges for failed transactions?
No, Samco does not charge anything for failed transactions.
If a fund transfer fails and whether due to a bank-side issue, incorrect details, or a technical error and no charges are deducted from your Samco trading account.
What happens to your money:
- If the amount was debited from your bank but not credited to your Samco account, it will be reversed back to your bank account within the standard banking timeline.
- If the transaction failed before the debit, no amount is deducted from either end.
Note: Your bank may levy a charge for a failed transaction depending on their policy — this is outside Samco’s control.
For any assistance with a failed transaction, contact Samco Support with your Client Code, UTR number, transferred amount, and payment screenshot.
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