Wages paid to wrong account......

LadyMissA

Jarndyce wrote: »

Not that I am agreeing that MoreOn's advice is correct, but what's to stop him writing to the bank? It is his bank! Presuming as we have been told it was the wrong account number then the sort code is presumably correct and it will even be the same branch that holds the account into which the money has been paid, if it exists.

He is still not the the person who sent the money and they will not deal with him since the payment came from his employer they have to deal with it.

MoreOn

LadyMissA wrote: »

Like I said the Employer writes to THEIR bank and they write the the bank where the account is held and they are NOT liable for the money spent at all.

It is the employees fault for providing the wrong details

I don't disagree with that process,or where fault of the transfer of funds or how payroll system works

BUT.. I disagree that the bank holding the funds cannot be liable, if they are made aware "spending" the funds would be theft and the facility provide for the funds to be spent is the banks... The bank in my eyes would be a accessory to theft because they were directly or perhaps indirectly involved..

He needs to start writing..

LadyMissA

MoreOn wrote: »

I don't disagree with that process,or where fault of the transfer of funds or how payroll system works

BUT.. I disagree that the bank holding the funds cannot be liable, if they are made aware "spending" the funds would be theft and the facility provide for the funds to be spent is the banks... The bank in my eyes would be a accessory to theft because they were directly or perhaps indirectly involved..

He needs to start writing..

the bank would not be spending the funds would they? They have only allowed the employer to pay money into an account.

IF they have hit a real account its the person whos account it is who would be liable but then you would have to take them to court and the employer has to do this.

DVardysShadow

Why do we put up with these inadequate processes from the banks? Plainly mistakes can be made with account numbers and it is bound to go wrong. Even 40 years ago, companies were putting check digits in the order codes for items to stop this kind of mistake.

Bank accounts need a public 'password', so that if the password is not given correctly along with the account number, the payment will not be made. It would save a lot of this kind of grief.

MoreOn

LadyMissA wrote: »

.

IF they have hit a real account its the person whos account it is who would be liable but then you would have to take them to court and the employer has to do this.

No, I would pursue the bank.

He needs to put the bank on notice, that the "real account" has funds that do not belong to them, that HIS employer is requesting return of the funds, they need to ensure safeguard of the cash and that now the bank is aware of the risk of theft, should they permit the use of their facilities in spending the cash then he'd consider they are accessories to the theft of his money...

IF the bank know, there is liability...

LadyMissA

MoreOn wrote: »

No, I would pursue the bank.

He needs to put the bank on notice, that the "real account" has funds that do not belong to them, that HIS employer is requesting return of the funds, they need to ensure safeguard of the cash and that now the bank is aware of the risk of theft, should they permit the use of their facilities in spending the cash then he'd consider they are accessories to the theft of his money...

IF the bank know, there is liability...

but he is the 3rd party and I am telling you from experience the bank will not entertain him and the bank are not commiting theft at all, but yeah advise him to write to his bank

MoreOn

LadyMissA wrote: »

but he is the 3rd party and I am telling you from experience the bank will not entertain him and the bank are not commiting theft at all, but yeah advise him to write to his bank

I've never written that the bank committed or would commit theft nor did i say they had to deal with him at the transaction level :doh:

It is a competency issue, some banks see deposits as a non-opposite concept.. You know just as well as me, banks know of unusual banking behaviour, if put on notice and they checked the transaction would have question marks placed against it..

Raggie

DVardysShadow wrote: »

Why do we put up with these inadequate processes from the banks? Plainly mistakes can be made with account numbers and it is bound to go wrong. Even 40 years ago, companies were putting check digits in the order codes for items to stop this kind of mistake.

Bank accounts need a public 'password', so that if the password is not given correctly along with the account number, the payment will not be made. It would save a lot of this kind of grief.

Why password.. would n't the name of the account holder do?

so for each transaction three peices of data needed

1) sort code.
2) account number.
3) name of account.

basically the same way that cheques used to work, paid into a bank account of the named holder?

I can't help but think the advancement forward causes more problems than its worth...

:beer:

LadyMissA

Raggie wrote: »

Why password.. would n't the name of the account holder do?

so for each transaction three peices of data needed

1) sort code.
2) account number.
3) name of account.

basically the same way that cheques used to work, paid into a bank account of the named holder?

I can't help but think the advancement forward causes more problems than its worth...

:beer:

if the payment is under the floor limit then the banks do not check the payee name only that the sort code and acct actaully exsist and obviously if it doesn't it may be returned to the employer or sit in a suspense account till someone gets in touch

Mistral001

This is one for the employer to sort out as it is their system and they are the only one that can contact the bank about the payment that they sent to the wrong person.

The employer will be annoyed with the employee and he might not be terribly liked in the payroll department for a few months, but it is their system and they must know that on ocassions people will make mistakes in these numbers in the same way as the cleverest and most particular of people ring the wrong telephone number sometimes.