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    HELP - I made a "faster payment" to the wrong account
    • #1
    • 26th Oct 09, 7:56 PM
    HELP - I made a "faster payment" to the wrong account 26th Oct 09 at 7:56 PM
    Hi Everyone.

    I've just made a really stupid mistake!!! I know it was completely stupid and will never do it again but I really need some help to sort it now.

    Here is the problem:

    Today I made a "faster payment" via telephone to a Mr AAAAAA and I gave the sort code and account number to my bank. They then made the payment.

    I shortly after realised that I had the payment to the wrong account.

    I telephoned my bank (Barclays) and they told me there was nothing they could do. The sort code and account number I gave them existed so the payment was made and put into the wrong account.

    Is there anything I can do to get this money back? My bank said they can't/won't help me.

    I think I remember from somewhere (a long time ago) that if I gave the bank the name of the person who's account I wanted the money to go into for example Mr AAAAAA and gave the wrong account number I would be entitled to a refund. This is because its not going into Mr AAAAAA account but instead it goes into Mr BBBBBB account. Is this correct?

    If not, why do they need a name when paying someone. Surely this is for security! If not, they why do we need to give a name.

    Thanks guys
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