Bank's accidental £1000+ credit

hb_pencil

Three weeks ago, just over a £1000 was credited to my account, source "unknown". My personal banker managed to determine that it was deposited in Liverpool where, as it happens, I have a couple of close friends who have helped me out financially in the past.

Assuming it was one of those friends, I spent the money (mostly paying bills etc!). Now (three weeks later), the bank debited said £1000+ from my account and said they had made an error by crediting to the wrong sort code, which leaves me heavily overdrawn. The bank has offered an interest-free loan but I consider this to be an unsatisfactory solution.

I feel the bank is at fault and they should not be asking for the money back. What is my lawful position, and is there anyway I can make the bank step down and re-credit my account again? Advice ASAP would be most appreciated.

debsy42

Whilst the bank have made an error in crediting your account with the money I think that you are the one at fault spending money that isn't yours and never was. They have every right to claim the money back and why should they re-credit your account. You went heavily overdrawn by your spending so you should be grateful they are helping you out by offering an interest free loan.

Katie~baby

Did you not think to call one of these friends and ask why they had put £1000 into your account without consulting you? The money was not yours to spend so therefore should of been left in your account until you could find out where the money was from.

The bank have every right to take it back. I would take the intret free loan and learn from your mistake tbh.

stokegal

Can I have the phone number to your friends please... I wish my friends would deposit £1000 into my account as a surprise..

katepnlo

come on, like a friend would give you 1000.00 just like that. You knew the bank fluffed up and you were hoping they wouldnt notice!
not having a go at you as i would be really pleased if the bank gave me 1k! but you should have kept it in there, not spent it,wait until you were sure they had not noticed.
You rushed in spent the cash, so i am afraid it is your fault
kate
x

techspec

stokegal wrote: »

Can I have the phone number to your friends please... I wish my friends would deposit £1000 into my account as a surprise..

Can i have the name of your bank..... I wish mine would offer me interest free loans.

tom188

If you have spent money that you know is not yours then you have committed theft and the banks are well within their rights to treat this case as such. The fact they are allowing you an interest free overdraft I think is in itself generous.

johnmoney05

Must be my £1000 went to your account then, I have been looking for it. lol

treasureirealnds

They are not allowed to take money back without your permission!

johnmoney05

treasureirealnds wrote: »

They are not allowed to take money back without your permission!

well, then don't give them permission...crazy!

BASFORDLAD

yep troll alert!