Bank overpaid me but don't want the money back?

never-in-doubt

jonesMUFCforever wrote: »

How for heavens sake?
This thread is getting silly.

Yawn yawn - again the mouthy pessimistic one returns with more useful advice I notice!

OP - withdraw the funds, close the account and then there is no legal comeback after 60 days.

If the bank does write to you in a years time, just return the letter unopened as unknown at this address. They will never know and to be honest once the account is closed how are you to know? How would anyone know for that matter?

If the bank tried to get you in a few years, tell them to beggar off! They cannot do this and for the sake of 3 grand they will not do this cos they know as well as you and I that once an account is closed, with a zero balance that it is then closed - end of. No more! :j

never-in-doubt

Ken68 wrote: »

If you did put it into an ISa, misterross, might work in your favour, as they then have messed you about twice, and Inland Revenue involved so will have to explain their original mistake to them.

Nah, ignore this post. Makes no sense and is totally wrong.

You needn't tell anyone about anything. Close the account (plus any others with that particular bank to avoid offset rules kicking in at a later date) and enjoy the money, have a holiday and think of Man Utd etc when you're getting a tan and they are getting a tan by Liverpool. LOL

Lokolo

LOL at the above poster.

If the OP does this and ends up bein taken to court I will :rotfl:

The bank have 6 years to claim back the debt, simple as.

Could you point me to any relevant artciles about this 60 day comeback?

- http://www.thisismoney.co.uk/ask-an-expert/savings/article.html?in_article_id=429872&in_page_id=111

- http://news.bbc.co.uk/1/hi/magazine/6966683.stm

Why you shouldn't go and do what the idiot above says

never-in-doubt

Lokolo wrote: »

LOL at the above poster.

If the OP does this and ends up bein taken to court I will :rotfl:

The bank have 6 years to claim back the debt, simple as.

Could you point me to any relevant artciles about this 60 day comeback?

- http://www.thisismoney.co.uk/ask-an-expert/savings/article.html?in_article_id=429872&in_page_id=111

- http://news.bbc.co.uk/1/hi/magazine/6966683.stm

Why you shouldn't go and do what the idiot above says

LOL, the OP cannot be took to court. Learn law then dispute the facts.

Nothing the bank can do once account is shut, you're getting confused with the 6yr claim. Once the bank accepts closure they have 60 days (its called the interest charging period you muppet)

Therefore after the 60 days you would never hear from the bank again. Confident? You bet I am - that confident i'll pay for your lawyer if they take you to court plus the 3 grand

Jeees, here we go again - muppets reading articles from the news (do you believe everything the news says?)

Quote

Legally, if you received money in error and you know that it is not yours, then you must pay it back. If you receive money and you can put forward a credible argument as to why you should keep it – that it is a reasonable return for services rendered – that's a different situation

Credible arguement, I moved and never told the bank I was moving cos I closed the account and had no need to tell them I moved!

Next quote

The 1968 Theft Act says "A person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving the other of it".
It goes on to say "A person is guilty of an offence if - (a) a wrongful credit has been made to an account kept by him or in respect of which he has any right or interest; (b) he knows or believes that the credit is wrongful; and (c) he dishonestly fails to take such steps as are reasonable in the circumstances to secure that the credit is cancelled."

a - try proving this in court

b - the OP took every reasonable step, the bank said it was correct so the OP must have got finances mixed up. Simple!

c - the OP asked the bank who said it was correct

realaledrinker

"interest charging period " Where does interest come into it?

Nothing remotely relevant comes up on a Google search. Where are your facts - not on the Internet it would appear.

I go with Lokolo's view

Lokolo

never-in-doubt wrote: »

....

Please,I ask again, post a link to the 60 day interest charging period.

The OP needs a credible argument to keep the money, not the account. Account, money, different things.