Bank transfer into wrong account

Discussion in 'General Chat' started by Baron Von Doom, Aug 11, 2013.

  1. Baron Von Doom

    Baron Von Doom
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    Yesterday i discovered someone has payed £4000 into my account.
    I popped into my local branch. They think someone has put the wrong account number in while doing a transfer.
    They asked me to sign something giving them permission to remove the money from my account.
    They seemed quite shocked i was willing to let them take it back without an argument.
    Has anyone else had money credited accidentally? did you give it back without a fuss?
     
  2. Duncan G

    Duncan G
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    You:facepalm:gave:facepalm:it:facepalm:back :facepalm:
     
  3. MIghtyG

    MIghtyG
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    Good guy Baron Von Doom :)

    Done the right thing there :smashin:
     
  4. Dony

    Dony
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    Had just over £800 put in mine last month and had no qualms about giving it back.
     
  5. Dan Baker

    Dan Baker
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    Never received money but bought something off someone on here once and they gave me the wrong number.

    That's the big draw back with faster payments there is no account name and number matching so one small slip up and it can easily go into someone else's account.

    There is no real method for requesting a return either I had to send letters to my bank and the recipient bank as well as make phone calls. But ultimately the incorrect beneficiary has to give their debit authority I imagine in most cases people are honest and do what is right but there is always that small percentage sadly.....

    Fortunately I got the money back in the end.

    Good for you for being one of the honest ones :smashin:
     
  6. imightbewrong

    imightbewrong
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    We had a near-five-figure total put into one of our accounts over a period of 18 months. We reported it to the bank, who said they couldn't say who sent it for data-protection reasons - and as no-one had reported it from the sender-end, we should just keep it.

    :arty:
     
  7. imightbewrong

    imightbewrong
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    Should they not be contacting the sender first, to check it is a mistake?
     
  8. Baron Von Doom

    Baron Von Doom
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    Wouldn't have seemed right keeping it.
    They seemed sure it was a wrong account number. They asked me if i knew a mr? (cant recall the name now) which i didnt.
    I suppose they got permission incase they come to claim it back.
     
  9. RBZ5416

    RBZ5416
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    Not just faster payments, it's always been the way with BT. Seems odd that they ask for the account name when making a transfer but don't verify it against the account.
     
  10. a l e x

    a l e x
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    Wish someone would accidentally transfer me £4K!
     
  11. arenaman

    arenaman
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    You can't just keep money in these circumstances, it's an offence to retain a wrongful credit. Even if the bank is struggling to trace the proper owner it will catch up sooner or later, I'd enjoy the small amount of interest off it while it lasts
     
  12. Mr Noble

    Mr Noble
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    only had money transferred into my account once by a chap on these forums, he originally paid £12 iirc for a game....few months later he transferred £300+

    remember to remove those payee's from your account people :lesson:

    I was away for the weekend and came back to some very interesting pms :laugh:
     
  13. Doug the D

    Doug the D
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    Hello Baron Von Doom.
    My is name Doug. I sent you emails a long time ago now, telling you that the item you sent to me in Nigeria would pay for by me £4000. I credit your account soon, and need to for you pay me back money of £3500. You can keep the other £500 for troubles. Thank you for help.

    Doug the Nigerian eBay trader (over 10 positive)
    Please
     
  14. The Dark Horse

    The Dark Horse
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    This subject was on Watchdog recently, what surprised me was the banks do very little to help, they write to the account holder who received the money but if they don't reply they don't seem to do much more.
     
  15. blue max

    blue max
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    I would imagine it would be illegal to spend the money or do anything with it other than leave it where it is.

    Surely you can't be breaking the law because of someone else's actions. You may not use the account from one year to the next and be unaware.

    But there is always a victim.
     
    Last edited: Aug 12, 2013
  16. amkhan

    amkhan
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    That's amazing, and worrying at the same time.

    So if you were the one who sent in error, what recourse would you have in such a situation, given the banks wont do much to help (as above) ?
     
  17. arenaman

    arenaman
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    You can if you know there's been a mistake and fail to take reasonable steps to correct it.

    If it was a small amount then I suppose you could say you didn't realise (even if you did) and it would be hard to prove. £4k on the other hand is a different matter
     
  18. reiteration

    reiteration
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    yeah, should we be surprised - as when have banks done anything to help the man on the street?
     
  19. Greg Hook

    Greg Hook
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    It is shocking that the banks won't do anything. When it's their mistake and money appears in your account they claw it back straight away, without your permission. But if someone else makes the mistake they don't want to know.

    It's never happened to me thankfully but you do hear it all the time where people have transferred money and made a mistake on the account number. As the person's name doesn't come into it anywhere, you have to be so careful with the account number. It's not too bad if you get the sort code wrong as it will normally be rejected.
     
  20. markgodley

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    I can see it from both points of view to be honest.

    Personally I don't want to see the bank being able to claw back money when using bank transfer. Often when i trade on here it's only BT only. Mainly due to my bad experiences with ebay and people getting items.. then 3-6 months later doing chargebacks. BT is the only way i know my money is safe.

    However, I can see that being an issue when BT to the wrong account, there does need to be some sort of protection... but i don't want people doing this to fraudulent claim money back.

    Hats off to the OP, you did the right thing there.
     
  21. DrPhil

    DrPhil
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    Myself and I'd say over 90% of my friends would be very honest about that kind of thing. So imagine the irony when that one friend who everyone knows is thoroughly dishonest is the one who accidentally gets a bank transfer of £10k...

    Nobody ever came looking for it, and he never gave it back. Kept hold of it for about a year just in case, then started spending it.

    Swine.
     
  22. Rorifett

    Rorifett
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  23. DrPhil

    DrPhil
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    Maybe ironic was the wrong word.

    Bloody typical is what I mean.
     
  24. Rorifett

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  25. BigStu1972

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    Years ago when I worked in retail banking a colleague of mine accidentally credited someone’s account with £15 Million, yes you did read that right £15,000,000.00.
    It was reversed out the same day but the customer still saw the credit and debit on his bank statement so naturally he called up. I think he got £25 for his troubles:)
    If I remember rightly the Daily Mail got hold of this story.
     
  26. imightbewrong

    imightbewrong
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    .
     

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