New Kaupthing CHAPS/BACS Transfers discussion - Friday 24th October

jingle68

CHAPS transfer out KE account 06/10, paid into nominated account same day 06/10. standard £20 chaps fee debited same day.

Had CHAPS fee £20 refunded today back into KE account, not sure why or if i'm entitled to it because i had no problems?

theFury

Congrats, thats brilliant news

catbaloo

congrats 10-66

Chilledout50

Hi everyone

As I have now been paid, I have been monitoring this thread over the last few days without contributing.

Pleased that a few more people have got THEIR money back but gutted that some are still waiting - can't believe it.

If it doesn't arrive by Friday and I see some are looking to pursue legally, if there is anything you need from those that have been paid - delighted to help.

You must feel absolutely sick - I know how I felt last week.

Sorry and again if there is anything.................

ROGCAY

For anyone intersted, this may be part of the clue as to why transactions from 6th October or the weekend before, up to the 9th have been the most problematic. It looks like they were intercepted. This is from the KSF (IOM) receiver on this link http://www.kaupthingsingers.co.uk/Pages/3989



Transfers in transit
The matter of transfers in transit was also discussed with Ernst & Young on Friday. It now appears that banks were told to cease processing transactions for Icelandic owned banks on 6 October, but did not tell KSF that this was happening. We do not know why this happened, but it would be consistent with the anti tipping-off provisions which are contained in anti terrorist legislation. Ernst & Young have agreed to assist us in identifying and locating transfers in transit.
I have had contact from a number of you who are concerned about my motives for trying to unfreeze the clearing system to enable these transfers to move. Firstly, let me make it clear that I have absolutely no interest in trying to claw back transfers which should legally continue to their intended destinations. If I did, I am sure that the Court would not permit me to do so. However if, for whatever reason, any transfers did not successfully leave the control of KSF IOM, then I would be legally obliged to seek to recover them. This is not a straightforward area of the law, and I am taking legal advice to make sure that transfers are treated appropriately. Some of you have forwarded copies of relevant legal cases which I have made my lawyers aware of.

I am one of those unfortunates who, like the UK Govt could tell something was pretty wrong over the weekend of the 4th/5th and sent a CHAPS which I expected to go on the 6th. I am still waiting. Maybe it is time for https://www.moneyclaim.gov.uk/csmco/guidelines_main.jsp
If anyone else has considered this, let me know, particularly who we make a claim against and what are the grounds for claim (What law has been broken?)
Thanks
Rogcay

theFury

I'm logging off for the day, but I will update the list as soon as I get a chance tomorrow.
Lets hope that tomorrow brings many many more payments for us.

SteepPip

10_66 wrote: »

Oh my God!!!! I do NOT believe it!! Yes folks, my money is in the bank!!!! Phew!! Can't tell what time it turned up, but wasn't there at 6.00pm.

Congratulations...I know that feeling....:beer:

ontherun_2

ROGCAY wrote: »

For anyone intersted, this may be part of the clue as to why transactions from 6th October or the weekend before, up to the 9th have been the most problematic. It looks like they were intercepted. This is from the KSF (IOM) receiver on this link http://www.kaupthingsingers.co.uk/Pages/3989

Transfers in transit
The matter of transfers in transit was also discussed with Ernst & Young on Friday. It now appears that banks were told to cease processing transactions for Icelandic owned banks on 6 October, but did not tell KSF that this was happening. We do not know why this happened, but it would be consistent with the anti tipping-off provisions which are contained in anti terrorist legislation. Ernst & Young have agreed to assist us in identifying and locating transfers in transit.
I have had contact from a number of you who are concerned about my motives for trying to unfreeze the clearing system to enable these transfers to move. Firstly, let me make it clear that I have absolutely no interest in trying to claw back transfers which should legally continue to their intended destinations. If I did, I am sure that the Court would not permit me to do so. However if, for whatever reason, any transfers did not successfully leave the control of KSF IOM, then I would be legally obliged to seek to recover them. This is not a straightforward area of the law, and I am taking legal advice to make sure that transfers are treated appropriately. Some of you have forwarded copies of relevant legal cases which I have made my lawyers aware of.

I am one of those unfortunates who, like the UK Govt could tell something was pretty wrong over the weekend of the 4th/5th and sent a CHAPS which I expected to go on the 6th. I am still waiting. Maybe it is time for https://www.moneyclaim.gov.uk/csmco/guidelines_main.jsp
If anyone else has considered this, let me know, particularly who we make a claim against and what are the grounds for claim (What law has been broken?)
Thanks
Rogcay

This is a different issue. KE was still a solvent bank operating within the UK at this time and on 7th October prior to the ING takeover - KSF however is another beast

Please note that there was no mention to my knowledge that KE were going or ever were in administration until spoon fed stetements from ING later appeared

Nor have I heard of anyone (KE account holders) recieving official notice that KE was going into or was in administration

ladyhepburn

Had £4297.07 with Kaupthing, requested transfer on 10/10/08, apparently went through on 15/10/08, but still no sign of it in my linked account. (Maybe the fairies have it? )

I hope the ING spokesperson reads this forum - I really need my money! I'm a final year student, but am having to take a year's leave of absence due to illness, which means I'm not elligible for student loans and I'm unable to work at the moment. Scrounging off my parents is not fun!

Fingers, toes, arms and legs crossed that ING get things in order soon....

ladyhepburn

TheCaretaker_2

theFury wrote: »

I'm logging off for the day, but I will update the list as soon as I get a chance tomorrow.
Lets hope that tomorrow brings many many more payments for us.

:T HOW ABOUT A BIG ROUND OF APPLAUSE FOR FURY:T
NOW THE OFFICIAL KEEPER OF THE LIST !!