[new] bank error credited me with over £40,000!!...

honeymonster748

I am leaning towards the 'transfer it & earn some interest' option but I am concerned that by moving the money elsewhere, I am demonstrating a possible 'agenda' .

Gonna start typing a letter this afternoon and see how it reads.

("Ive got your money- let me keep £5k or you'll never see it again") haha

Lokolo

honeymonster748 wrote: »

I am leaning towards the 'transfer it & earn some interest' option but I am concerned that by moving the money elsewhere, I am demonstrating a possible 'agenda' .

Gonna start typing a letter this afternoon and see how it reads.

("Ive got your money- let me keep £5k or you'll never see it again") haha

It may look suspicious if you open a new account elsewhere (i.e. with a differnet bank). Have you looked at the savings accounts of the bank where the money is?

DGJsaver

DaisyDaisy82 wrote: »

I partly agree with the majority decision about stashing it somewhere and claiming the interest.

However, you seem to be taking the view that you are making a stand against a 'big bad bank' when in reality its likely to be some poor cashier who is getting in serious trouble and probably having sleepless nights over the loss of this money.

Its just a different view point but what if that cashier was your daughter and she was in a state at home, maybe on a disciplinary. Wouldn't you want someone to come forward and be honest?

How does it help the cashier , the disciplinary would take place regardless of wether the money was recovered or not

honeymonster748

Lokolo wrote: »

Have you looked at the savings accounts of the bank where the money is?

yep = 0.1% gross
whoopeedoo

Lokolo

honeymonster748 wrote: »

yep = 0.1% gross
whoopeedoo

Thats 11p a day for moving the money across there.

Every 4 days you can buy a packet of supernoodles.

honeymonster748

Lokolo wrote: »

Thats 11p a day for moving the money across there.

Every 4 days you can buy a packet of supernoodles.

Goes to show youre a student.
Cheers for the tip.;)

honeymonster748

Letter going out to BANK A first thing tomorrow by recorded delivery:



Dear Sirs


We are writing with reference to our above business bank account, specifically regarding a recent transaction on the account. Whilst carrying out a monthly reconciliation on the account this week, an anomaly has appeared on our recent statement.

On 5th June 09, we arranged a CHAPS payment to our Solicitor (of £42,495), in relation to a property purchase. Our statement correctly shows one payment of £42,520, (being the above amount plus the £25 fee.) The property purchase completed as planned, the above funds having reached the Solicitor as expected.

Our bank statement (copy enclosed) shows that on 22nd June 09, a CHAPS (originally from 05/06) was returned to our account, in the amount of £42,495.00
Having noted this I immediately spoke to our Solicitor and was told that they had received the payment twice in error and as such had rejected one, presumably being a duplicate.

The original payment however, was only debited once and as such we currently appear (according to our statement), to have a surplus balance of £42,495 in the above account.
Please could you arrange for this to be removed/ corrected as soon as possible as it is currently causing a large inaccuracy on our accounting records. Alternatively, if you could provide details of where we can transfer the money we would be happy to arrange this immediately, in order to return these funds to the correct account.

We trust we will hear from you in the very near future and appreciate your urgent attention with this matter.

If we do not receive reply by 31st July 2009 (or the account is not corrected by yourselves), we may have to consider moving these funds to an alternative holding account, pending the resolution, (in order for our above account to report correct information upon issue of our next statement on 1st Aug).



Sincerely

Rupert_Bear

honeymonster748 wrote: »

I recently needed to send a same day Telegraphic Transfer to my Solicitor in relation to a property purchase. My bank account is held with a relatively small bank (Bank A), who do not have any local branches. I telephoned my bank to ask how I would go about arranging a TT. They told me I could go into a local branch of another, different bank (Bank , who were part of the same group.

I did this and after taking my ID etc into Bank B, I arranged the TT from my Bank A account. (The cashier did take a while and was quite confused as she had clearly not done this before.)
Upon checking my account online later that day, the £40,000+ transfer had been debited correctly and transferred as planned. The property purchase went through and completed with no fuss.

A week or so later, I called at the same bank branch (of Bank to arrange another unrelated TT. The (different) cashier told me that since my account was not held with their institution, they couldn’t arrange this.
When I said that I believed they could as I had done one the week before, she replied “I know, it shouldn’t have been done and we are still over £40,000 short because of it”.

Despite being a little confused, I thought no more of it and managed to arrange the new TT with Bank A via telephone banking.
I then had a call from a representative from my Bank (Bank A), who asked if “everything was okay and ‘as it should be’ with my account”. I presumed this was a customer service call and was driving at the time so I said “yes thanks” and got rid of him.

Shortly after this, I heard from my Solicitor who said they had received my £40k+ transfer TWICE in error and as such had rejected the second amount. I immediately then checked my account online and sure enough, my account had been credited with over £40,000 which is listed as “CC RTN CHAPS”.

Ultimately, what I suspect has happened is that both Bank A and Bank B sent the amount over to the Solicitors Bank. Since my account is held with Bank A, they debited my account accordingly (once) and Bank B must have also sent funds, assuming that Bank A would balance their accounts.
Since the two banks don’t appear to be talking much (despite being from the same banking group), my account still has over £40,000 ‘extra’ funds six weeks later!!!

I have read a number of articles, forums and news bulletins where people have ended up being prosecuted for theft for withdrawing or spending money which was deposited due to bank error. As a result, I have not touched the money and it is still laying in the account ‘safe and sound’.

I have absolutely no empathy with Bank B for two reasons:
1) It is disgusting to think that they could so easily ‘lose’ over £40k and appear to be so disinterested in finding it.
2) A number of years ago, this very bank stung me for hundreds of pounds in ridiculous bank charges for nominal ‘offences’. Eg. Bank balance say £6, cheque for £15 would be bounced. Charge= £25 for bouncing cheque, then £30 charge for going overdrawn (as a result of first charge). You then end up in a spiral of charges from which there is no escape.

If there is any way I can benefit from this, I sure as hell will.
(I have no conscience, so I don’t want to hear from the do-gooders)

There must be a certain amount of embarrassment from Bank B that they have allowed this to happen. Is it totally inconceivable that they would write this off rather than face the embarrassment of involving both Bank A AND the Solicitors Bank and admitting to this?????

I realise that the likelihood of me getting to keep the £40K+ is virtually non existent, but the temptation to transfer the money abroad and forget about it for a few years is keeping me awake at night.
Worse case scenario- can I justifiably demand either a reward from Bank B for returning the money or charge them an ‘Administration Fee’ for handling and transferring it back, (maybe a flat rate of say 1% of the amount in question).

What would be reasonable?
I don’t see why I should make this easy for them.

Any advice?
(Don’t say “pay it back- its not yours”- I’m not interested in your morals)

Have to say you sound a real slime ball.

never-in-doubt

Is it normal to send a chaps payment from a business account to buy personal property....? Isn't that an abnormality in itself?

never-in-doubt

Rupert_Bear wrote: »

Have to say you sound a real slime ball.

you sound a real rupert

:rotfl::rotfl::rotfl::rotfl::rotfl: