Monies in and out of bank account without knowledge !!!!

Mikeyorks

Sorry Mike .. but I fundamentally disagree.

If money is unilaterally credited to you in error .... why should it not unilaterally be removed. You have no right or entitlement to it?

A number of errors happen in remittance processing. So if I pay, say, £1000 off my Credit Card but MBNA inadvertently credit that to someone else's account .... should I have to wait whilst they negotiate the return of that money from the other account holder?

I know it's slightly different to the OP - but it's fundamentally the same principles in play.

skiddy2k

Al_Mac wrote:

You have a responsibility to know what and what is not yours.

OK you might have money that has not left you account yet, you would know about that, so wouldn't spend it.

So if you suddenly had a lot more money than you should, surely you should know about that as well.

Wouldn't be anyone else's fault if you spent it, it would be yours. Theft by ignorance wouldn't work as a defence:p

May have been waiting for a chque to go through or early paycheck from work (yeah right!)

oldfella

Mikeyorks wrote:

Sorry Mike .. but I fundamentally disagree.

If money is unilaterally credited to you in error .... why should it not unilaterally be removed. You have no right or entitlement to it?

A number of errors happen in remittance processing. So if I pay, say, £1000 off my Credit Card but MBNA inadvertently credit that to someone else's account .... should I have to wait whilst they negotiate the return of that money from the other account holder?

I know it's slightly different to the OP - but it's fundamentally the same principles in play.

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because you have been inconvenienced by a mistake - the other party has a duty to prevent damage to you as far as possible.

Mike

Mikeyorks

oldfella wrote:

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because you have been inconvenienced by a mistake - the other party has a duty to prevent damage to you as far as possible.

Mike

But the point I was intimating .. is that the overriding inconvenience is to the real owner of the money?

oldfella

Mikeyorks wrote:

But the point I was intimating .. is that the overriding inconvenience is to the real owner of the money?

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I think we are in a loop . I believe it is inappropriate to damage someone else, in the process of correcting a mistake you shouldnt have made in the first place.

Lets agree to disagree

Mike