Lloyds PPI refund overpayment

marshy27

I won my case against lloyds tsb and i was due a refund of £1400 charges and £150 for compo. The £1400 should of been deducted of my loan which its has but they've also paid an additional £1400 into my bank account aswell as the £150. SO all in all they've paid me back £2950 lol.

Do you think they'll notice? :rotfl:

If not is there a certain amount of time they have to find it by before its mine? Or can they claim it back years on?

marshallka

marshy27 wrote: »

I won my case against lloyds tsb and i was due a refund of £1400 charges and £150 for compo. The £1400 should of been deducted of my loan which its has but they've also paid an additional £1400 into my bank account aswell as the £150. SO all in all they've paid me back £2950 lol.

Do you think they'll notice? :rotfl:

If not is there a certain amount of time they have to find it by before its mine? Or can they claim it back years on?

I would think that same time limits apply to them as to us. 6 years from when the mistake happened or 3 years from when they should have been reasonably aware. Not certain though

di3004

Hi there
Well done on your success.:beer:

Would that have been the interest (simple)etc they refunded into your bank account, I have read that with some is they refund towards the running account and interest refunded into your account.

I may be wrong though lol.

Stuart_1980

Just don't spend the money, consider moving banks so when they do find out they can't just take it back.

marshallka

Stuart_1980 wrote: »

Just don't spend the money, consider moving banks so when they do find out they can't just take it back.

I would not spend it either. There is a good chance this will be discovered and I think FOS would find in favour of the bank in cases like this too.

Andrew_Thomas

lucky you at least you can earn interest on it until they notice