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Money transferred to wrong account, bank won't pay it back.
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It was a loan until he got paid a week later which he now can't afford to pay back.
Suggests he may be evading his creditors then, for now at least.
I think there is a legal term for that."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
YorkshireBoy wrote: »You haven't thought this through very well have you?
You'd sent your friend money before from this account, and the bank will have a record of this.
LTSB and BoS are part of the same group so will share information across the company.
LTSB will tell BoS that their customer is unauthorised overdrawn and so won't let him have the money.
BoS will tell LTSB that you want it back.
They'll put 2 and 2 together and very definitely get 4.
I've sent my father money as well. I've already asked Bos to ask for the money back and they already know why Lloyds are refusing.0 -
Everything else aside i'm pretty sure there must be plenty of people who have made genuine mistakes.
Undoubtedly. But presumably the bank has a procedure to follow in rectifying these sort of mistakes. The procedure would probably involve checking out both accounts -- the one the money was actually paid into, and the one the complainant says the money was intended to be paid into.
It would surely be better to tell them upfront. I don't think it will get the money back but it's best not to try to conceal information from them.0 -
Are you sure your dad is one up on the list of the people you pay.
Don't you think your bank might check on that especially as the are part of the same group.
I am sure they will have audit trails of your online settings.
Whatever happens It doesn't really help your friend as I am sure his bank will turn up the heat on him."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Are you sure your dad is one up on the list of the people you pay.
Don't you think your bank might check on that especially as the are part of the same group.
I am sure they will have audit trails of your online settings.
Whatever happens It doesn't really help your friend as I am sure his bank will turn up the heat on him.
Yeah, i only have 2 transfer account and i've only transferred money to my friend once.0 -
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Banks aren't obligated to retrieve funds sent in error unless it is a bank error. Here it isn't. And usually the funds will have been remitted to a completely separate account of a totally different customer; here the funds have gone to the right customer. To say you haven't got a leg to stand on is rather generous.
Your friend received his money. That he received it into an overdrawn account is beside the point - he got it, into an account in his name. In such a scenario Lloyds will be loathe to return the money and BoS are even less likely to wish to try and retrieve it - not least because it is neither of those banks' fault. They acted entirely upon your instruction without any human intervention. Any complaint will likely fail on that basis.
As to your idea of lying through your teeth, that will not work either. They will check to see if you have paid this person before without dispute and realise what you're up to.
Long story short - tough sh*t.urs sinserly,
~~joosy jeezus~~0 -
It might be my mistake but it still doesn't make it their money. Both parties have informed the bank that it was made in error. I'm pretty sure that when banks make erroneous payments into peoples accounts that they don't accept finders keepers as a valid argument. I'm no lawyer but i'd have thought keeping money you know is not yours amounts to theft.
Your bank has acted in accordance with your instructions and transfered the money to your friend's bank. Your friend's bank has then acted in accordance with the instructions it received and credited the funds to your friend's account. You now realise that this instruction was made in error. Your friend accepts that the funds aren't his. It's up to him to instruct his bank to transfer the money back to you. If he is unable to do so, then that is an issue that you and your friend will have to sort out between you. It has nothing to do with either bank, who are merely acting as your respective agents.0 -
How good is your own track record (not asking you to tell us) would they be bothered if you said you were going to close your account?
Is there a compelling reason to offer a gesture of goodwill?
Question is do you feel lucky in pushing the case?
If found against you banks/insurance companies do share information.
Would you potentially want that on your credit record?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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