bank creditted account by £2K

Coupon-mad

Mikeyorks wrote:

What kind of account is it that has been credited?

I have never known a Bank write to confirm a credit to a current account. Why would they do so ... they provide Statements to keep you abreast of overall transactions. And generally expect you to be aware of credits / debits affecting your account.

Why would they write to you about this one in particular??

Having read this thread (and being an ex-Bank employee) this is the question I would like the answer to. I cannot understand why the bank would write to confirm a deposit, I have never known this either.

Sorry to be cynical, but is the OP's orginal question hypothetical just to start a discussion? Maybe the OP is doing a thesis on human nature/greed and posted this to see the various views? Sorry, honestly, if I'm wide of the mark but cannot ever see a Bank writing like this (maybe 40 years ago!!).

Interesting discussion (though similar to others before). If it was me and this did happen I would not say anything, Bank the money in a high interest account with a different Bank, and wait (naughty I know.....). The point being that if the original Bank spots the mistake they will (in my experience) write first, not just debit an account and put it into serious arrears. Then you can say, oh dear, really?, return the money but keep any interest (earned with a different Bank of course).

seven-day-weekend

>>please tell me where I can get a seven day weekend?<<

You take early retirement and go to live in a little Spanish village halfway up a mountain!

jamesd

A foreign deposit may trigger a routine letter from the bank.

mad_monkey

Coupon-mad wrote:

Having read this thread (and being an ex-Bank employee) this is the question I would like the answer to. I cannot understand why the bank would write to confirm a deposit, I have never known this either.

Sorry to be cynical, but is the OP's orginal question hypothetical just to start a discussion? Maybe the OP is doing a thesis on human nature/greed and posted this to see the various views? Sorry, honestly, if I'm wide of the mark but cannot ever see a Bank writing like this (maybe 40 years ago!!).

Interesting discussion (though similar to others before). If it was me and this did happen I would not say anything, Bank the money in a high interest account with a different Bank, and wait (naughty I know.....). The point being that if the original Bank spots the mistake they will (in my experience) write first, not just debit an account and put it into serious arrears. Then you can say, oh dear, really?, return the money but keep any interest (earned with a different Bank of course).

hi, thought i would interject here:
yes it is real.
to make it quicker to understand i said it happened to me. it actually happened to my house mate.
he is continuously flirting with his overdraft and has been in the middle of an arguement with the bank over late fees, etc.
they are trying to charge him £300 in fees for when his account has been unable to pay phone bills, etc.
i am now helping him manage his money.
i told him to empty the account and stop paying his wages in there.
we have sent a letter to the bank saying that he will pay the fees but will be done a small amount each month.
the account has been left for 1 week.
all direct debits etc have been cancelled.
he then received a letter from his bank - which we presumed to be a reply to our letter.
the letter from the bank had 2 pieces of paper. they were both 'deposit confirmation' slips (i have never heard of them before).
one was for £69. the second was actually for £3000 (exactly).
they were from two different names.
as far as i can tell, they were paid in as cheques at an automated deposit machine - not at counter.
we initially thought this was a wind up.
he checked his accoutn immediately and instead of 11pence he now has £2769.11
we are 2 days on and the money is still in his account.

here is the second issue.
this money has been debitted the amnount he owes the bank in fees. so it should be £3069 in his account.
i said there may be some way he can use the money as a leverage for them to release the fee?
i know that there are very few options available so was looking for insight from these boards.
i also posted here hoping someone else would shed light on why they would send him confirmation in such an unusual way.
and despite everything Sublime has said i still agree that my first thought was similar to one of his - it is a conspiracy by the banks. they want him to withdraw the money so they can screw him over big time lol

oldwiring

mad_monkey wrote:

...it is a conspiracy by the banks. they want him to withdraw the money so they can screw him over big time lol

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

Come off it; you'd better get an appointment with doc about megalomaniac paranoia. As far as the bank is concerned, your mate's account is a worrisome flea. That's all!

mad_monkey

lol yeah i know... it was a joke.

seven-day-weekend

There seems to be a misundertanding from my previous post. When I say I had to wait two months for the money to be returned to my account; that's because the bank investigated and found it! Not because they had reimbursed me out of the goodness of their hearts! It wasn't actually the bank's fault, it was the fault of the person who had paid ths money in.

There also seems to be a confusion over my username

The story of it is this:
1. Husband takes early retirement and draws reduced pension.
2. I resign.
3. We buy a house in a tiny Spanish village halfway up a mountain
4. We chill out.

QWelcome to the Seven Day Weekend!:T :beer: :j

oldwiring

seven-day-weekend You've reminded me of the old scholl ny joke

Seven days make one weekend.:o

jamesd

mad monkey, the course you're taking seems likely only to make his situation worse, since it will inevitably result in increasing charges and interest demands by the bank. It's fine to hope that they will eventuallybe cancelled but the prudent course, if possible, is to get the account to zero balance and keep it there so the fees stop increasing.

The best way to use the deposits as leverage is to tell the bank about them, without accompanying demands, as soon as possible. A gesture of good will that the bank may choose to reciprocate.

Mikeyorks

ljhhuk wrote:

A few years ago my bank mistakenly credited my account with £79 for a cheque which was only for £19. (The 1 looked like a 7). ............Are there any lawyers out there who could tell us the legal position if we inform the bank of the wrong deposit and they subsequently do nothing about it??

When the cheque was paid into your Bank (you'd obviously seen the cheque .. to know the figure was misinterpretable) they processed it as £79. And they would have encoded the cheque with that value. Thereafter the encoded amount is the figure everyone works on - and it is £79 that would subsequently have been debited from the account of the person who drew the cheque.

When you told your Bank of the error - they obviously decided to leave it for the cheque drawer to notice the account was £60 short - and issue a correction via his / her Bank (the normal route of such corrections - as it is at the drawer end where such errors are normally noticed. Particularly when the error is such to tip the account into the red. Yours was £60 - have seen similar for £3M. And not many accounts stand that .. without protest?)

In this case - the drawer of the cheque never noticed the shortfall - and you were the beneficiary. I don't think this is a 'legal' issue - it's a simple mistake - and would have been rectified as such had he / she noticed. But if the drawer of the cheque had started shouting that someone had stolen his £60 (an attitude occasionally taken by the odd poster on these threads:rolleyes: ) and demanding compensation - the Bank would sensibly point to contributory negligence at the inability to write a cheque clearly. And whilst the 'legal' value of a cheque is the written value and the value in figures is 'only' the 'courtesy' amount - it's often the case that the written value is equally subject to interpretation!

Hope you spent the £60 on something useful;)