Goods paid by bank transfer but not goods

peachyprice

You bought gold, on Ebay? They really did see you coming.

You're barking up the wrong tree completely if you think your bank are liable, you gave them instructions to transfer money, they did that for you.

Have you ckecked your home insurance, maybe your covered for fraud? If you have legal cover they may be able to help.

Other than that, you've been made a fool of, accept it and deal with it, stop trying to pass the blame for your own naivety.

redped

easilyconned wrote: »

I highlighted your comments that I feel were exactly why the bank are liable. They advised me to contact the police upon merely checking that the transfer had gone through. So they were aware that transactions were going to this account all referenced "Gold". Unfortunatley these fraudsters seem very organised and I would imagine any details given to the bank were probably false. Again the banks fault.

I supposed what I am looking to do is put as much pressure on Ebay and the banks to do something about this as I am certain it has happened to others.

You can't expect a bank to look at the reference text on a transaction and say to themselves "hold on, this text looks a bit suspicious".

As others have said, you don't have anybody to blame for this but yourself. Selling gold bars via ebay and requesting a bank transfer - if that doesn't ring alarm bells then nothing will.

Oliver14

easilyconned wrote: »

I supposed what I am looking to do is put as much pressure on Ebay and the banks to do something about this as I am certain it has happened to others.

Stop trying to blame others. The reason this happened is your own naivety. Learn from it and do some research next time. A bank transfer is almost the equivalent of handing cash over. If you do this with online banking there is a warning that moneys cannot be reversed.

shaun_from_Africa

Over the past few years I have made a few gold purchases and some of these were for large sums paid via bank transfer.
One of these was to a dealer in Guernsey where the bank in the UK can't even confirm that the account is valid or even exists.
When you buy gold from a dealer they fix the price at the time the deal is made but one of the requirements is that full payment is made within a set time (normally the same day).

I would have been most upset if any of the transfers were stopped by my bank simply because the word "gold" was referenced in the payment details.
Banks probably deal with hundreds of thousands of transfers each day and just about all of these are totally automated with no human input from the bank staff so even if a payment was sent to someone and the reference was something like "scammers R us", it wouldn't flg up any warnings.
All a transfer needs to be sucessful is a valid account number and sort code and anything else is purely for the senders and recipients information.

Unfortunatley these fraudsters seem very organised and I would imagine any details given to the bank were probably false. Again the banks fault.

When opening an account, a bank has to due dilligence checks (confirming the id and address of the person concerned), and in all probability this was carried out.
There is no way of knowing what has happened since the account was opened and even if the person now operating the account is the same person that opened it. The bank could only be negligent if they were aware of, or suspected something was amiss and failed to investigate it.